Electric Kick Scooter Market
Electric Kick Scooter Market Forecasts to 2030 - Global Analysis By Type (Off-Road, Foldable , All-Terrain, Three-Wheel and Other Types), Battery Type, Drive Type, End User and By Geography
According to Stratistics MRC, the Global Electric Kick Scooter Market is accounted for $4.9 billion in 2023 and is expected to reach $13.8 billion by 2030 growing at a CAGR of 15.7% during the forecast period. An electric kick scooter is a personal transportation device equipped with an electric motor, powered by rechargeable batteries. It typically features a foldable design for portability and is propelled by kicking off the ground, with the electric motor providing additional assistance or full propulsion. Electric kick scooters have gained popularity as an eco-friendly and convenient mode of urban transportation, especially for short distances and last-mile commuting. Users can control speed and braking through handlebar controls, making them a popular choice for urban commuters seeking an efficient and compact means of travel.
Market Dynamics:
Driver:
Surge in popularity of electric vehicles
The market has witnessed a remarkable surge in popularity, driven by the growing adoption of electric vehicles. Consumers are increasingly embracing the eco-friendly and convenient nature of electric kick scooters, contributing to a substantial market expansion. The shift towards sustainable transportation options, coupled with advancements in battery technology, has propelled the rise of electric kick scooters as a favored mode of urban commuting. Hence, these are the factors propelling the growth of the market.
Restraint:
Safety concerns
Incidents of accidents, often involving riders and pedestrians, raise questions about the overall safety of these vehicles. Factors such as inadequate infrastructure, lack of standardized safety regulations, and rider negligence contribute to the risks. Helmets are frequently overlooked, and riders may not adhere to speed limits, exacerbating the potential for accidents. These are the factors hindering the growth of the market.
Opportunity:
Rapid technological advancements
Integrations of advanced battery technologies, improved motor efficiency, and the development of smart connectivity features are driving this evolution. Additionally, lightweight materials, robust braking systems, and cutting-edge design enhancements contribute to the market's dynamic growth. These advancements aim to address consumer demands for sustainability, convenience, and enhanced functionality in urban mobility solutions, propelling the market into an era of heightened innovation and competitiveness.
Threat:
High maintenance and manufacturing expenses
The intricate design, incorporating advanced technology and quality materials, contributes to elevated production costs. Additionally, maintaining and repairing these scooters involve specialized skills and components, further escalating operational expenses. These financial barriers pose a significant hurdle for manufacturers and may impact the affordability and accessibility in the market.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the market, causing fluctuations in demand and supply chain disruptions. Lockdowns and social distancing measures led to a temporary decline in rider adoption, affecting sales. However, the pandemic also fueled interest in individual transportation solutions, boosting the market's recovery as people sought safer and more sustainable alternatives. Manufacturers adapted to evolving consumer needs, emphasizing hygiene features and convenient commuting options, contributing to a resilient recovery in the market post-pandemic.
The foldable segment is expected to be the largest during the forecast period
The foldable segment is expected to be the largest during the forecast period. With innovative designs, these scooters effortlessly fold into compact sizes, enhancing ease of storage and transport. This trend caters to urban dwellers seeking efficient last-mile transportation. Brands are competing to create sleek, lightweight, and durable foldable models, emphasizing user-friendly features. As urban mobility evolves, the foldable electric kick scooter segment is becoming a pivotal player, providing a practical and eco-friendly alternative for daily commuting needs.
The belt drive segment is expected to have the highest CAGR during the forecast period
The belt drive segment is expected to have the highest CAGR during the forecast period. Belt drive technology is gaining prominence in the Electric Kick Scooter market, offering a smoother and quieter riding experience. As an alternative to chain-driven systems, belt drives require less maintenance and reduce friction, contributing to increased efficiency. This innovation enhances the overall performance of electric scooters, attracting consumers seeking a hassle-free and silent commuting solution.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. Key factors such as traffic congestion, environmental awareness, and last-mile connectivity are fueling the adoption of electric scooters. Regulatory frameworks and infrastructure development contribute to the market expansion, making electric kick scooters a popular choice for commuters seeking sustainable and efficient transportation options in the region.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. With rising awareness about environmental concerns and the need for convenient last-mile commuting options, electric scooters have gained popularity. Government initiatives promoting clean energy and efficient mobility further contribute to market expansion. Key players are capitalizing on this trend by introducing innovative features and expanding their presence, making the market dynamic and promising.
Key players in the market
Some of the key players in Electric Kick Scooter market include YADEA Technology Group Co., Ltd., Bird Rides, Inc., Swagtron, Segway Inc., Jiangsu Xinri E-Vehicle Co. Ltd., NIU International, Xiaomi, Apollo Scooters, Razor USA LLC, Qiewa Electrics Scooter, Kaabo Scooter, Yamaha, Ather Energy, Mercane, NIU Technologies and GOTRAX.
Key Developments:
In October 2022, NIU released its newest kick scooter, the KQi3 Max. It provides maximum performance, comfort, and stability, with a top speed of 20 MPH and a range of 40.4 miles. The scooter, powered by a 40V lithium-ion battery, has four custom riding modes: E-Save, Sport, Pedestrian, and Custom.
In September 2022, GOTRAX, an electric mobility company based in the U.S., added over 130 dealers and new B2B partners to distribute the company's electric scooters in the U.S. The company intends to expand its dealership program across the country by providing e-bikes for children and adults at special discounted rates to state dealers.
Types Covered:
• Off-Road
• Foldable
• All-Terrain
• Three-Wheel
• Other Types
Battery Types Covered:
• Lithium Ion (Li-Ion)
• Sealed Lead Acid (SLA)
• Other Battery Types
Drive Types Covered:
• Chain Drive
• Belt Drive
• Hub Drive
End Users Covered:
• Commercial
• Personal
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Electric Kick Scooter Market, By Type
5.1 Introduction
5.2 Off-Road
5.3 Foldable
5.4 All-Terrain
5.5 Three-Wheel
5.6 Other Types
6 Global Electric Kick Scooter Market, By Battery Type
6.1 Introduction
6.2 Lithium Ion (Li-Ion)
6.3 Sealed Lead Acid (SLA)
6.4 Other Battery Types
7 Global Electric Kick Scooter Market, By Drive Type
7.1 Introduction
7.2 Chain Drive
7.3 Belt Drive
7.4 Hub Drive
8 Global Electric Kick Scooter Market, By End User
8.1 Introduction
8.2 Commercial
8.3 Personal
8.4 Other End Users
9 Global Electric Kick Scooter Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 YADEA Technology Group Co., Ltd.
11.2 Bird Rides, Inc.
11.3 Swagtron
11.4 Segway Inc.
11.5 Jiangsu Xinri E-Vehicle Co. Ltd.
11.6 NIU International
11.7 Xiaomi
11.8 Apollo Scooters
11.9 Razor USA LLC
11.10 Qiewa Electrics Scooter
11.11 Kaabo Scooter
11.12 Yamaha
11.13 Ather Energy
11.14 Mercane
11.15 NIU Technologies
11.16 GOTRAX
List of Tables
1 Global Electric Kick Scooter Market Outlook, By Region (2021-2030) ($MN)
2 Global Electric Kick Scooter Market Outlook, By Type (2021-2030) ($MN)
3 Global Electric Kick Scooter Market Outlook, By Off-Road (2021-2030) ($MN)
4 Global Electric Kick Scooter Market Outlook, By Foldable (2021-2030) ($MN)
5 Global Electric Kick Scooter Market Outlook, By All-Terrain (2021-2030) ($MN)
6 Global Electric Kick Scooter Market Outlook, By Three-Wheel (2021-2030) ($MN)
7 Global Electric Kick Scooter Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Electric Kick Scooter Market Outlook, By Battery Type (2021-2030) ($MN)
9 Global Electric Kick Scooter Market Outlook, By Lithium Ion (Li-Ion) (2021-2030) ($MN)
10 Global Electric Kick Scooter Market Outlook, By Sealed Lead Acid (SLA) (2021-2030) ($MN)
11 Global Electric Kick Scooter Market Outlook, By Other Battery Types (2021-2030) ($MN)
12 Global Electric Kick Scooter Market Outlook, By Drive Type (2021-2030) ($MN)
13 Global Electric Kick Scooter Market Outlook, By Chain Drive (2021-2030) ($MN)
14 Global Electric Kick Scooter Market Outlook, By Belt Drive (2021-2030) ($MN)
15 Global Electric Kick Scooter Market Outlook, By Hub Drive (2021-2030) ($MN)
16 Global Electric Kick Scooter Market Outlook, By End User (2021-2030) ($MN)
17 Global Electric Kick Scooter Market Outlook, By Commercial (2021-2030) ($MN)
18 Global Electric Kick Scooter Market Outlook, By Personal (2021-2030) ($MN)
19 Global Electric Kick Scooter Market Outlook, By Other End Users (2021-2030) ($MN)
20 North America Electric Kick Scooter Market Outlook, By Country (2021-2030) ($MN)
21 North America Electric Kick Scooter Market Outlook, By Type (2021-2030) ($MN)
22 North America Electric Kick Scooter Market Outlook, By Off-Road (2021-2030) ($MN)
23 North America Electric Kick Scooter Market Outlook, By Foldable (2021-2030) ($MN)
24 North America Electric Kick Scooter Market Outlook, By All-Terrain (2021-2030) ($MN)
25 North America Electric Kick Scooter Market Outlook, By Three-Wheel (2021-2030) ($MN)
26 North America Electric Kick Scooter Market Outlook, By Other Types (2021-2030) ($MN)
27 North America Electric Kick Scooter Market Outlook, By Battery Type (2021-2030) ($MN)
28 North America Electric Kick Scooter Market Outlook, By Lithium Ion (Li-Ion) (2021-2030) ($MN)
29 North America Electric Kick Scooter Market Outlook, By Sealed Lead Acid (SLA) (2021-2030) ($MN)
30 North America Electric Kick Scooter Market Outlook, By Other Battery Types (2021-2030) ($MN)
31 North America Electric Kick Scooter Market Outlook, By Drive Type (2021-2030) ($MN)
32 North America Electric Kick Scooter Market Outlook, By Chain Drive (2021-2030) ($MN)
33 North America Electric Kick Scooter Market Outlook, By Belt Drive (2021-2030) ($MN)
34 North America Electric Kick Scooter Market Outlook, By Hub Drive (2021-2030) ($MN)
35 North America Electric Kick Scooter Market Outlook, By End User (2021-2030) ($MN)
36 North America Electric Kick Scooter Market Outlook, By Commercial (2021-2030) ($MN)
37 North America Electric Kick Scooter Market Outlook, By Personal (2021-2030) ($MN)
38 North America Electric Kick Scooter Market Outlook, By Other End Users (2021-2030) ($MN)
39 Europe Electric Kick Scooter Market Outlook, By Country (2021-2030) ($MN)
40 Europe Electric Kick Scooter Market Outlook, By Type (2021-2030) ($MN)
41 Europe Electric Kick Scooter Market Outlook, By Off-Road (2021-2030) ($MN)
42 Europe Electric Kick Scooter Market Outlook, By Foldable (2021-2030) ($MN)
43 Europe Electric Kick Scooter Market Outlook, By All-Terrain (2021-2030) ($MN)
44 Europe Electric Kick Scooter Market Outlook, By Three-Wheel (2021-2030) ($MN)
45 Europe Electric Kick Scooter Market Outlook, By Other Types (2021-2030) ($MN)
46 Europe Electric Kick Scooter Market Outlook, By Battery Type (2021-2030) ($MN)
47 Europe Electric Kick Scooter Market Outlook, By Lithium Ion (Li-Ion) (2021-2030) ($MN)
48 Europe Electric Kick Scooter Market Outlook, By Sealed Lead Acid (SLA) (2021-2030) ($MN)
49 Europe Electric Kick Scooter Market Outlook, By Other Battery Types (2021-2030) ($MN)
50 Europe Electric Kick Scooter Market Outlook, By Drive Type (2021-2030) ($MN)
51 Europe Electric Kick Scooter Market Outlook, By Chain Drive (2021-2030) ($MN)
52 Europe Electric Kick Scooter Market Outlook, By Belt Drive (2021-2030) ($MN)
53 Europe Electric Kick Scooter Market Outlook, By Hub Drive (2021-2030) ($MN)
54 Europe Electric Kick Scooter Market Outlook, By End User (2021-2030) ($MN)
55 Europe Electric Kick Scooter Market Outlook, By Commercial (2021-2030) ($MN)
56 Europe Electric Kick Scooter Market Outlook, By Personal (2021-2030) ($MN)
57 Europe Electric Kick Scooter Market Outlook, By Other End Users (2021-2030) ($MN)
58 Asia Pacific Electric Kick Scooter Market Outlook, By Country (2021-2030) ($MN)
59 Asia Pacific Electric Kick Scooter Market Outlook, By Type (2021-2030) ($MN)
60 Asia Pacific Electric Kick Scooter Market Outlook, By Off-Road (2021-2030) ($MN)
61 Asia Pacific Electric Kick Scooter Market Outlook, By Foldable (2021-2030) ($MN)
62 Asia Pacific Electric Kick Scooter Market Outlook, By All-Terrain (2021-2030) ($MN)
63 Asia Pacific Electric Kick Scooter Market Outlook, By Three-Wheel (2021-2030) ($MN)
64 Asia Pacific Electric Kick Scooter Market Outlook, By Other Types (2021-2030) ($MN)
65 Asia Pacific Electric Kick Scooter Market Outlook, By Battery Type (2021-2030) ($MN)
66 Asia Pacific Electric Kick Scooter Market Outlook, By Lithium Ion (Li-Ion) (2021-2030) ($MN)
67 Asia Pacific Electric Kick Scooter Market Outlook, By Sealed Lead Acid (SLA) (2021-2030) ($MN)
68 Asia Pacific Electric Kick Scooter Market Outlook, By Other Battery Types (2021-2030) ($MN)
69 Asia Pacific Electric Kick Scooter Market Outlook, By Drive Type (2021-2030) ($MN)
70 Asia Pacific Electric Kick Scooter Market Outlook, By Chain Drive (2021-2030) ($MN)
71 Asia Pacific Electric Kick Scooter Market Outlook, By Belt Drive (2021-2030) ($MN)
72 Asia Pacific Electric Kick Scooter Market Outlook, By Hub Drive (2021-2030) ($MN)
73 Asia Pacific Electric Kick Scooter Market Outlook, By End User (2021-2030) ($MN)
74 Asia Pacific Electric Kick Scooter Market Outlook, By Commercial (2021-2030) ($MN)
75 Asia Pacific Electric Kick Scooter Market Outlook, By Personal (2021-2030) ($MN)
76 Asia Pacific Electric Kick Scooter Market Outlook, By Other End Users (2021-2030) ($MN)
77 South America Electric Kick Scooter Market Outlook, By Country (2021-2030) ($MN)
78 South America Electric Kick Scooter Market Outlook, By Type (2021-2030) ($MN)
79 South America Electric Kick Scooter Market Outlook, By Off-Road (2021-2030) ($MN)
80 South America Electric Kick Scooter Market Outlook, By Foldable (2021-2030) ($MN)
81 South America Electric Kick Scooter Market Outlook, By All-Terrain (2021-2030) ($MN)
82 South America Electric Kick Scooter Market Outlook, By Three-Wheel (2021-2030) ($MN)
83 South America Electric Kick Scooter Market Outlook, By Other Types (2021-2030) ($MN)
84 South America Electric Kick Scooter Market Outlook, By Battery Type (2021-2030) ($MN)
85 South America Electric Kick Scooter Market Outlook, By Lithium Ion (Li-Ion) (2021-2030) ($MN)
86 South America Electric Kick Scooter Market Outlook, By Sealed Lead Acid (SLA) (2021-2030) ($MN)
87 South America Electric Kick Scooter Market Outlook, By Other Battery Types (2021-2030) ($MN)
88 South America Electric Kick Scooter Market Outlook, By Drive Type (2021-2030) ($MN)
89 South America Electric Kick Scooter Market Outlook, By Chain Drive (2021-2030) ($MN)
90 South America Electric Kick Scooter Market Outlook, By Belt Drive (2021-2030) ($MN)
91 South America Electric Kick Scooter Market Outlook, By Hub Drive (2021-2030) ($MN)
92 South America Electric Kick Scooter Market Outlook, By End User (2021-2030) ($MN)
93 South America Electric Kick Scooter Market Outlook, By Commercial (2021-2030) ($MN)
94 South America Electric Kick Scooter Market Outlook, By Personal (2021-2030) ($MN)
95 South America Electric Kick Scooter Market Outlook, By Other End Users (2021-2030) ($MN)
96 Middle East & Africa Electric Kick Scooter Market Outlook, By Country (2021-2030) ($MN)
97 Middle East & Africa Electric Kick Scooter Market Outlook, By Type (2021-2030) ($MN)
98 Middle East & Africa Electric Kick Scooter Market Outlook, By Off-Road (2021-2030) ($MN)
99 Middle East & Africa Electric Kick Scooter Market Outlook, By Foldable (2021-2030) ($MN)
100 Middle East & Africa Electric Kick Scooter Market Outlook, By All-Terrain (2021-2030) ($MN)
101 Middle East & Africa Electric Kick Scooter Market Outlook, By Three-Wheel (2021-2030) ($MN)
102 Middle East & Africa Electric Kick Scooter Market Outlook, By Other Types (2021-2030) ($MN)
103 Middle East & Africa Electric Kick Scooter Market Outlook, By Battery Type (2021-2030) ($MN)
104 Middle East & Africa Electric Kick Scooter Market Outlook, By Lithium Ion (Li-Ion) (2021-2030) ($MN)
105 Middle East & Africa Electric Kick Scooter Market Outlook, By Sealed Lead Acid (SLA) (2021-2030) ($MN)
106 Middle East & Africa Electric Kick Scooter Market Outlook, By Other Battery Types (2021-2030) ($MN)
107 Middle East & Africa Electric Kick Scooter Market Outlook, By Drive Type (2021-2030) ($MN)
108 Middle East & Africa Electric Kick Scooter Market Outlook, By Chain Drive (2021-2030) ($MN)
109 Middle East & Africa Electric Kick Scooter Market Outlook, By Belt Drive (2021-2030) ($MN)
110 Middle East & Africa Electric Kick Scooter Market Outlook, By Hub Drive (2021-2030) ($MN)
111 Middle East & Africa Electric Kick Scooter Market Outlook, By End User (2021-2030) ($MN)
112 Middle East & Africa Electric Kick Scooter Market Outlook, By Commercial (2021-2030) ($MN)
113 Middle East & Africa Electric Kick Scooter Market Outlook, By Personal (2021-2030) ($MN)
114 Middle East & Africa Electric Kick Scooter Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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