Electric Kick Scooters Market Size Worth $ 11,790.20 Million By 2032 | CAGR: 13.5%

The global electric kick scooters market size is expected to reach USD 11,790.20 million by 2032, according to a new study by Polaris Market Research. The report “Electric Kick Scooters Market Share, Size, Trends, Industry Analysis Report, By Battery (Sealed Lead Acid (SLA), Nickel Metal Hydride (NiMH), Lithium-Ion (Li-Ion)); By Distance Range; By Application; By Voltage; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Electric scooter ride-hailing start-ups are partnering with top manufacturers to expand their customer offerings and increase their market reach. This partnership between ride-hailing companies and manufacturers is expected to drive the growth of electric scooter-sharing services worldwide. The benefits of electric kick scooters, such as their compact size requiring less parking space, lightweight and portable design, quick charging capabilities, and cost-effective transportation, further support the expansion of electric scooter-sharing services.

Governments worldwide are increasingly concerned about growing carbon emissions and are taking initiatives to promote electric vehicles in the market. They are implementing policy changes, mandates, and incentives to support the adoption of electric vehicles, including electric kick scooters. This shift in government policies influences consumer preferences, leading to a greater demand for electric two-wheelers like e-kick scooters, particularly in developed regions.

Additionally, regulatory authorities are focusing on infrastructure development, which includes charging stations and dedicated lanes for electric transportation, thereby increasing the availability and accessibility of electric scooters. These initiatives by governments and regulatory authorities are expected to create new growth opportunities for the electric scooter market.

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The electric kick scooter market has experienced rapid growth in recent years, driven by increased urbanization, environmental consciousness, and the demand for efficient last-mile transportation. Sharing services played a significant role in making electric scooters widely available, with companies like Lime, Bird, and Spin deploying fleets of scooters that users could rent through smartphone apps. However, the market has faced regulatory challenges, with cities grappling with sidewalk congestion, pedestrian safety, and parking concerns. Local authorities have been working on establishing guidelines and permit to regulate electric scooter usage effectively.

Technological advancements have been a key trend in the market. Improved battery technology, motor efficiency, and materials have enhanced performance, longer battery life, better durability, and improved rider experience. Electric scooters have also been integrated into broader mobility ecosystems, with some companies incorporating scooters into their ride-sharing platforms or public transportation networks. This integration allows users to combine different modes of transportation for their journeys seamlessly. Market competition has been intense, with established players and startups vying for customers by offering innovative features and services, driving continuous improvement and innovation in scooter design and features. Safety concerns have also emerged due to the increasing number of electric scooters on city streets, prompting calls for responsible riding behaviors and adherence to traffic rules.

Electric Kick Scooters Market Report Highlights

• Lithium-Ion (Li-Ion) segment accounted for the largest market share. Owing Li-Ion batteries are favored in electric kick scooters due to their high energy density, reduced environmental impact, and lower maintenance costs.
• 48V segment is expected to grow at the highest CAGR rate over the forecast period due to electric kick scooters with voltages exceeding 48V driven by their extended range and low-cost carbon dioxide emissions, aligning with the emphasis on reducing carbon footprints.
• Asia Pacific region dominated the market in 2022 due to legislation supporting vehicle charging infrastructure in China, India, and other South Asian nations is expected to drive regional growth.
• The global key market players include Ninebot, Fuzion Scooters, Swagtron India, Niu International, Globber, Terra Motors India, Yamaha Motor Co., Ltd., Golabs Inc., Razor USA LLC, KTM Sportmotorcycle GmbH, Vmoto Limited, Xiaomi, YADEA Technology Group Co., Ltd.

Polaris Market Research has segmented the Electric Kick Scooters market report based on battery, distance range, application, voltage, and region:

Electric Kick Scooters, Battery Outlook (Revenue - USD Million, 2019 - 2032)

• Sealed Lead Acid (SLA)
• Nickel Metal Hydride (NiMH)
• Lithium-Ion (Li-Ion)

Electric Kick Scooters, Distance Range Outlook (Revenue - USD Million, 2019 - 2032)

• <20 kms
• 21-24 kms
• >25 kms

Electric Kick Scooters, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Personal
• Rental/sharing

Electric Kick Scooters, Voltage Outlook (Revenue - USD Million, 2019 - 2032)

• Below 24V
• 36V
• 48V
• Greater than 48V

Electric Kick Scooters, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea

Electric Kick Scooters Market Report Scope