Electric Kick Scooters (E-Scooters) Market Synopsis

Electric Kick Scooters (E-Scooters) Market Size Was Valued at USD 3.5 Billion in 2023, and is Projected to Reach USD 8.0 Billion by 2032, Growing at a CAGR of 9.7% From 2024-2032.

• The electric kick scooter (e-scooter) market has boomed lately with the rise in city population and the demand for green transportation alternatives. These small, portable devices provide a user-friendly and efficient way of crossing congested city roads which serve as a link for commuters and leisure riders in the last mile connectivity. There are several market players active in the market, including industry giants like Lime, Bird, and Spin, and startups that are emerging in design and technology. The government rules and development of infrastructure are pivotal in determining the shape of the market, with safety and parking regulations most often in view. Market has great potential for further growth that will result from the development of new battery technology, IoT integration in fleet management and shared mobility. With more and more cities worldwide introducing green mobility plans, the e-scooter market is likely to develop and flourish.
• The e-kick scooter market has been booming recently because of the urbanization rate increasing, new environmentally-friendly transportation solutions developing, and the battery technology progressing. The market is predicted to keep growing steadily due to the fact that more cities adopt micro mobility solutions and customers choose convenient and eco-friendly transportation methods.
• To cope with this rapid multiplication, lots of cities are faced with regulatory challenges. Topics like safety concerns, crowding on sidewalks, and interpretation issues with pedestrians and other users have led some cities to introduce rules that govern e-scooter usage. These regulations differ a lot from city to city and can negatively affect the businesses of e-scooters.
• E-scooter companies will always look for ways to advance their products’ safety, performance and user experience. That includes development of the batteries for extended range, car designs for stability and durability, and installation of the smart functions such as GPS tracking and remote diagnostics.
• Technological developments are the key factors in molding the market for e-scooters. Companies are striving for improvements in battery technology, enhanced safety features that include anti-theft and geo-fencing, and the integration of e-scooters into smart city systems. 

Electric Kick Scooters (E-Scooters) Market Trend Analysis

Rising demand for a convenient, eco-friendly mode of transportation

• The electric kick scooters market has been growing at a rapid pace due to the increasing need of easily accessible and environmentally-friendly modes of transportation. Due to the focus on urbanization that people find other alternatives to private vehicles and public transportation, electric scooters have become a good option.
• Their appeal is the ease of use and the environmental benefits they offer. With electric kick scooters providing a condensed and portable way of transportation which is perfect for short trips or riding in compact city streets. Along with this folding and carrying feature, they offer flexibility for users to integrate them smoothly in their daily routines.
• Additionally, electric scooters are eco-friendly and generate no emissions at use. Consequently, sustainability remains a key priority among consumers and policymakers, and green transport options are becoming increasingly more trendy. Electric scooters provide a better option to vehicles that run on gas thus reducing the level of air pollution and consequently mitigation of the effect of climate change.
• The development of electric scooters has been made possible by technological progress including longer battery life and better motor efficiency. These innovations are particularly emphasized performance and reliability of electric scooters. This makes them a perfect alternative for urban commuters.
• In general, the combination of convenience, sustainability, and technology gives an impetus to the rapid development of electric kick scooters market. Along with other sustainable transportation choices, e-scooters today have an opportunity to become shapers of the future urban mobility models.

Declining EV batteries costs

• Battery costs for electric vehicles (EVs) have been the major driver for the electric kick scooters market to expand. With the advancement of battery technology and the presence of economies of scale, the price of lithium-ion cells, an essential part of electric scooters, has constantly been dropping. This reduction in cost has had a tremendous impact on the affordability and accessibility of electric scooters, which consequently are the major reasons behind their wide adoption.
• The reduced battery costs have encouraged the production of affordable electric scooters, which have made them even more appealing to consumers. As a consequence, the hurdles of accessibility for owning an electric scooter have decreased, which in turn has led to a boom in demand among the urban commuters who are often in search of affordable and sustainable transportation means.
• However, the dropping EV battery prices have made longer battery life and better scooter performance possible too. This implies that users will now be capable of riding for longer distances and charging them less, improving the enjoyment and utility factors of these electric vehicles.
• The other important factor is the decreasing EV battery costs which has made the electric scooters innovative in design and manufacturing. The manufacturers can now innovate with new features, materials and form factors thus continuing the diversification of the market and continuing to serve the consumer needs and preferences which are continually rising.
• In summary, the decreases in costs of EV batteries are one of the major factors bringing about the expansion of the electric kick scooters market, which has created greater affordability, performance, and innovation in the industry. In the era of rapidly growing transfer of technology and reducing prices of batteries, electric scooters will be more common in urban landscape around the world.

Electric Kick Scooters (E-Scooters) Market Segment Analysis:

Electric Kick Scooters (E-Scooters) Market is segmented on the basis of Battery, Voltage, End-use and Drive

By Battery, Lead Based segment is expected to dominate the market during the forecast period

• The electric kick scooters market is significantly influenced by battery technology, with three main types dominating the landscape: lead-acid, lithium-ion, and nickel-based batteries. Lead-based batteries, although cheaper, are heavier and less efficient and they limit use in electric scooters because they are bulky and affect both portability and performance.
• Lithium-ion batteries, in contrast, are the better option for electric scooters due to their high energy density, lighter weight, and longer life cycle. They are efficient and have the capacity to hold charges, which make them the best options for powering electric scooters giving users a wide range of riding and quicker recharge times.
• The nickel-based batteries may have decent energy density, but they are not normally used in electric scooters because they have lower specific energy than the lithium-ion batteries. Their application is more pertinent in hybrid and electric cars where higher power requirements are there.
• In general, battery technology selection has a deep impact on electric scooter performance, range and cost, and due to their key features, lithium-ion batteries are currently winning the market.

By Voltage, Greater than 48V segment held the largest share in 2023

• The electric kick scooters market varies in terms of voltage requirements, typically categorized into four main segments: higher than 48V, 48V, 36V, and lower than 24V. Scooters with voltages of more than 48V are often professional or heavy-duty scooters which are designed for higher speed and torque.
• This category commonly contains electric scooters with a 48V rating, where the power and efficiency is well-balanced suitable for urban commuting and recreation. The 36V segment includes a variety of electric scooters, so as to satisfy the wide range of consumers’ different needs with a mix of price and speed.
• Electric scooters with voltage below 24V are usually entry level scooters or meant for kids, offering lower speeds and shorter ranges. These scooters are perfect for casual users or those who are just starting to use electric transportation.
• In general, the voltage rating is key in providing the finest performance and suitability for different riders’ desires.

Electric Kick Scooters (E-Scooters) Market Regional Insights:

Asia Pacific held the most significant revenue share and dominated the market for electric kick scooters.

• Asia Pacific has become the main actor of the mercado of electric kick scooters, taking the largest share and leading the market dominance.
• An urban place with great pace of life, rising population, and introducing eco-friendly transport systems as a solution have all contributed to the surging demand for electric scooters.
• Electro-scooters have become a hit in many developed countries including China, Japan and South Korea due to government policies that promote sustainable mobility, worries about air pollution and the need for an efficient short distance transportation solution in the densely populated metropolitan areas.
• In addition to that, major manufacturers, strong supply chains, and technological advancements in motor and battery technologies are the other factors that make Europe a dominant player in the electric kick scooters market.
• Along with the rest of the region, as the Asia Pacific area dedicates more resources to sustainability and builds infrastructure for the electric mobility, the supremacy in the electric kick scooters sector of the area will not only remain but also be extended in the nearest future.

Active Key Players in the Electric Kick Scooters (E-Scooters) Market

• Micro Mobility Systems AG (Switzerland)
• Bird Rides Inc. (United States)
• Golabs Inc. (South Korea)
• Segway Inc. (United States)
• AKTIVO Scooter (Australia)
• IconBIT Limited (United Kingdom)
• Razor LLC (United States)
• GOVECS AG (Germany)
• Xiaomi Corporation (China)
• SWAGTRON (United States)
• YADEA Technology Group Co. Ltd (China)
• VOI Technology (Sweden)
• Spin (United States)
• Niu International (China)
• Others Key Players

Key Industry Developments in the Electric Kick Scooters (E-Scooters) Market:

• June 2021: is for the Dutch Grand Prix where the Petronas Sepang Racing Team and Velocifero will release a Mad Air electric kick scooter's limited edition.
• July 2021: BMW is now starting the assembly of an electric kick scooter from a new company that will be part of the general 2022 stock.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. ELECTRIC KIDS SCOOTERS (E- SCOOTERS) MARKET BY BATTERY (2017-2032)
   1. ELECTRIC KIDS SCOOTERS (E- SCOOTERS) MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. LEAD BASED
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. LITHIUM ION
   5. NICKEL BASED
7. ELECTRIC KIDS SCOOTERS (E- SCOOTERS) MARKET BY VOLTAGE (2017-2032)
   1. ELECTRIC KIDS SCOOTERS (E- SCOOTERS) MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. GREATER THAN 48V
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. 48V
   5. 36V
   6. BELOW 24V
8. ELECTRIC KIDS SCOOTERS (E- SCOOTERS) MARKET BY END-USE (2017-2032)
   1. ELECTRIC KIDS SCOOTERS (E- SCOOTERS) MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. PERSONAL
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. COMMERCIAL
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Luxury Goods Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. MICRO MOBILITY SYSTEMS AG (SWITZERLAND)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. BIRD RIDES INC. (UNITED STATES)
   4. GOLABS INC. (SOUTH KOREA)
   5. SEGWAY INC. (UNITED STATES)
   6. AKTIVO SCOOTER (AUSTRALIA)
   7. ICONBIT LIMITED (UNITED KINGDOM)
   8. RAZOR LLC (UNITED STATES)
   9. GOVECS AG (GERMANY)
   10. XIAOMI CORPORATION (CHINA)
   11. SWAGTRON (UNITED STATES)
   12. YADEA TECHNOLOGY GROUP CO. LTD (CHINA)
   13. VOI TECHNOLOGY (SWEDEN)
   14. SPIN (UNITED STATES)
   15. NIU INTERNATIONAL (CHINA)
10. GLOBAL ELECTRIC KIDS SCOOTERS (E- SCOOTERS) MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Battery Type
       4. Historic And Forecasted Market Size By Voltage Type
       5. Historic And Forecasted Market Size By End User
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies