5 Major Insights On The Electric Kick Scooter Market 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Electric Kick Scooter Global Market Report 2023, the electric kick scooter market is expected to show significant growth in the forecast period.
Key insights from the electric kick scooter market forecast include:
- Market Size
The global electric kick scooter market is expected to grow from $2.42 billion in 2022 to $2.74 billion in 2023 at a compound annual growth rate (CAGR) of 13.2%. The electric kick scooter market is expected to reach $4.34 billion in 2027 at a CAGR of 12.2%.
- Major Driver
The surge in popularity of electric vehicles is expected to boost the growth of the electric kick scooter market going forward. For instance, in October 2021, according to a third Quarter report published by Niu Technologies, a China-based electric scooter company, the company sold 397,079 e-scooters, representing a 58.3% year-over-year growth from 250,889 third quarter of 2020. Furthermore, the YTD (Year-to-date) sales volume in 2021 was 799726, which is 43.58% higher than 2020 sales. Therefore, the surge in the popularity of electric vehicles is driving the growth of the electric kick-scooter market.
View More On The Electric Kick Scooter Market Report 2023 – https://www.thebusinessresearchcompany.com/report/electric-kick-scooter-global-market-report
- Key Trend
Technological innovations are the key trend gaining popularity in the electric kick scooter market. Major companies operating in the electric kick-scooter market are focusing on developing new technologies to sustain their position in the market. For instance, in September 2020, TIER, a Germany-based shared micro-mobility provider, launched an electric kick scooter by integrating new swappable battery technology. This model is unique in that it allows users to swap batteries at TIER-installed charging stations in European cities and accrue free trips. It is uniquely designed with a built-in helmet, user-swappable batteries, and indicator lights.
- Major Players
Major players in the electric kick scooter market are Apple Inc., Acer Inc., Samsung, Microsoft Corporation, Dell Inc., Lenovo Group Limited, Intel Corporation, SYNNEX Corporation, Accenture plc, Cisco Systems Inc., Hewlett Packard Development Company L.P., Capgemini, Cognizant, DXC Technology, VMware Inc., Swisscom AG, Telia Company AB, Computacenter plc., Atea Global Services Ltd., Citrix Systems Inc., CompuCom Systems Inc., Yorktel, EMPIST, Portsmouth Computer Group, Sunstate Technology Group, Trust Technology Solutions, Insight Enterprises Inc. Accell Group, Trek Bicycle Corporation, Jiangsu Xinri E-Vehicle Co Ltd., YADEA Technology Group Co Ltd., Rad Power Bikes, Govecs AG, Xiaomi Corporation, Segway Inc., Razor USA LLC, Swagtron, Blix Electric Bikes, Dualtron, iconBIT Ltd., Gyroor, E-TWOW Scooters, Globber Scooters, Hiboy, NIU Technologies, Inokim Inc., Apollo Scooters Co., GOTRAX, Levy Electric Scooters, Kaabo, EMOVE, Evercross, Evolv Rides, Fiido, Fluid Freeride, Gpad, and Zhejiang Okai Vehicle Co. Ltd.
- Top Market Segments
The global electric kick scooter market is segmented –
1) By Type: Foldable Kick Scooters, Off-Road Kick Scooters, All-Terrain Kick Scooters, Three-Wheel Kick Scooters, Other Types
2) By Battery Type: Sealed Lead Acid (SLA), Lithium Ion (Li-Ion), Other Battery Types
3) By Voltage: Less Than 25V, 25V To 50V, More Than 50V
4) By Application: Personal, Rental
5) By End User: Kids, Adults
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The Electric Kick Scooter Global Market Report 2023 provides an in-depth analysis on the electric kick scooter market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the electric kick scooter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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