Electric Kick Scooter Market Overview:
The electric kick scooter market size is expected to grow significantly in the coming years, with continued strong demand in Western Europe and North America, according to recent reports by Technavio’s research analysts. Growing urbanization and changing lifestyles have led to an increased use of alternative modes of transport such as electric kick scooters, especially among youngsters aged 10–24 years old.
Electric Kick Scooter Market: A Global Phenomenon
Electric kick scooters, also known as e-scooters, have become increasingly popular in recent years. They offer a convenient, affordable, and environmentally friendly way to get around urban areas. The e-scooter market is expected to continue to grow rapidly in the coming years, driven by factors such as increasing urbanization, rising fuel prices, and growing awareness of environmental issues.
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The report includes an analysis of the key players in the market
- SWAGTRON
- Jiangsu Xinri E-Vehicle Co Ltd
- YADEA Technology Group Co Ltd
- Bird Rides Inc
- SEGWAY INC
- Xiaomi
- iconBIT GmbH
- GOVECS AG
- Niu International
- Razor USA LLC
Key Trends in the Electric Kick Scooter Market
Here are some of the key trends in the electric kick scooter market:
- Growing popularity of shared e-scooter services: Shared e-scooter services have become very popular in recent years. These services allow riders to rent an e-scooter on a short-term basis, typically through a smartphone app. Shared e-scooter services are convenient and affordable, and they offer a great way to get around urban areas without having to own a car.
- Increasing demand for high-performance e-scooters: As the e-scooter market matures, consumers are increasingly demanding high-performance e-scooters with features such as longer range, higher top speed, and better suspension. Manufacturers are responding to this demand by developing new e-scooter models that offer better performance and features.
- Growing investment in e-scooter infrastructure: Governments and businesses around the world are investing in e-scooter infrastructure, such as dedicated e-scooter lanes and charging stations. This investment is helping to make e-scooters a more viable transportation option for commuters and leisure riders alike.
Challenges Facing the Electric Kick Scooter Market
Despite the rapid growth of the e-scooter market, there are still some challenges that need to be addressed. One challenge is the lack of regulation in some jurisdictions. This can lead to safety issues, such as riders using e-scooters on sidewalks and in traffic lanes. Another challenge is the relatively short range of most e-scooters. This can be a limiting factor for commuters who need to travel long distances.
Outlook for the Electric Kick Scooter Market
The outlook for the electric kick scooter market is very positive. The market is expected to continue to grow rapidly in the coming years, driven by factors such as increasing urbanization, rising fuel prices, and growing awareness of environmental issues. Manufacturers are investing in research and development to develop new e-scooter models that offer better performance, features, and range. Governments and businesses are also investing in e-scooter infrastructure, such as dedicated e-scooter lanes and charging stations.
Overall, the electric kick scooter market is a rapidly growing market with a lot of potential. As the market matures and the challenges facing the market are addressed, e-scooters are poised to become a major part of the urban transportation landscape.
The global electric kick scooter market is expected to grow at a CAGR of 11.2% during the forecast period
E-scooters are battery powered devices that can be used to travel short distances and are usually foldable. E-scooters do not require a license or insurance, and they can be ridden by people of all ages. Electric kick scooters are light weight, compact and easy to carry. They have an electric engine with a rechargeable battery, which powers the device's small motor and propels it forward.
The market is driven by factors such as the rising awareness of environmental protection and the need for last-mile connectivity
The electric kick scooter market size is expected to grow significantly in the coming years due to a number of factors. The market is driven by factors such as the rising awareness of environmental protection and the need for last-mile connectivity. More and more people are becoming environmentally conscious, which has led them to purchase vehicles that help reduce pollution. Additionally, an increased number of people now prefer not owning a car and instead rely on public transportation for their commute.
The market is segmented by type, application, and geography
The global electric kick scooter market size was valued at $XX million in 2016 and is expected to grow significantly by 2030. The global electric kick scooters market is segmented by type, application, and geography.
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