Electric Kick Scooter Market Overview
The future of Electric Kick Scooter Market
size is witnessing rapid revenue growth across
the globe. Governments' targets to introduce e-mobility and the wide uptake of
these compact, lightweight vehicles are key driving forces. Citing the
increasing global pressure to reduce carbon footprints, MRFR expects the global
Future of Electric Kick Scooter Market valuation to escalate to USD 5.30 BN by
2030, growing at an 11.01% CAGR from 2022 to 2030.
The Future of Electric
Kick Scooter Market has experienced a significant surge in popularity as urban
commuters seek convenient and eco-friendly alternatives to traditional modes of
transportation. Electric scooters, equipped with battery-powered motors, offer
a compact and agile solution for short-distance travel within cities. The
market's growth is attributed to factors such as increased urbanization,
traffic congestion, and a growing emphasis on sustainable transportation.
Commuters appreciate the portability and ease of use of electric kick scooters,
which can be easily folded and carried onto public transportation or stored in
tight spaces, making them a practical last-mile solution for many urban
dwellers.
Governments and city
authorities are also recognizing the potential of electric scooters to
alleviate traffic congestion and reduce carbon emissions, leading to the
implementation of regulations and infrastructure improvements to accommodate
this emerging mode of transportation. As technology continues to advance, with
improvements in battery efficiency and durability, the Future of Electric Kick
Scooter Market is poised for further growth, offering a versatile and
eco-conscious mobility solution for the modern urban landscape.
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of Electric Kick Scooter Market
Electric scooters are garnering huge popularity, with urbanities
increasingly preferring them for short-distance commutes or neighborhood
mobility. With a solid metal-alloy body, functional suspension mechanism, and
25 kmph top speed with around 20kms range, e-kick scooters have become an
easily scalable clean mobility option. With recent technological advances,
electric kick scooters have become outlandishly high-tech.
E-kick scooters have evolved from mere modes of personal mobility to
futuristic devices equipped with Bluetooth smartphone connectivity, navigation,
over-the-air updates, and so on. Although in its nascent stage, the e-kick
scooter market is gaining vast attention. Leading manufacturers of electric
kick scooters, like Luup Inc. (Japan), are also providing electric kick scooter
sharing services in and around major cities.
Future of Electric Kick Scooter Market Leaders
Leading market players are Jiangsu Xinri E-Vehicle Co. Ltd., SWAGTRON,
YADEA Technology Group Co., Ltd., SEGWAY Inc., Bird Rides, Inc., Xiaomi, GOVECS
AG, iconBIT GmbH, Razor USA LLC, and Niu International, among others.
Notable Industry Updates
On Apr.08, 2022, EMotorad launched an
electric kick scooter and e-cycle to expand its portfolio in India. The company
introduced two new products, Lil E, a new-age electric kick-scooter, and
T-Rex+, an electric cycle. The two new variants join its existing range of
e-cycles, T-Rex, EMX, and Doodle, targeting tech-savvy urban mobility users in
the country. EMotorad holds a vision of making a name for India in the global
EV space.
Key Industry Trends
E-kick scooters have brought micro-mobility to the center stage and
stimulated the personal mobility market. Today, a wide variety of electric kick
scooter models are available in the market. Due to large technological
advancements and policy initiatives, these scooters are expected to address
major barriers to electric mobility. However, a renewed focus on equity will
contribute significantly to making this growth a reality in the future.
Rapid developments of electric vehicle infrastructure and charging
stations as a part of smart city projects influence the market value. Following
recent revisions in road traffic laws in many countries to ease restrictions
regarding electric kick scooters, the market is expected to gain a substantial
boost. Besides steps taken to prevent traffic accidents involving them, electric kick scooter share would rise as a convenient means of
transportation.
Additionally, battery technology developments and declining costs are
other major factors bolstering the market demand for electric kick scooters.
Increasing focus on technologically advanced product development is expected to
impact industry growth positively. The operating cost of an electric kick
scooter is relatively lesser, while performance is excellent compared.
Electric kick scooter manufacturers primarily focus on improving the
on-road riding experience for their customers. They initiate several strategic
approaches, such as collaborations, mergers & acquisitions, expansions, and
product launches. Industry players also invest strategically in research and
development activities and foster their expansion plans.
Realizing the need for a recreational commute and electric commuting
solutions, the company has taken a holistic view to introducing Lil E electric
kick-scooter to grab the opportunity to enter the recreational commute space.
It has created a very strong base in the Indian market while expanding to other
markets. Constantly improving products with consumer feedback and conducting
market research, EMotorad has made several improvements to its products.
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