The latest market report published by Constancy Researchers “Global Electric Kick Scooter Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Electric Kick Scooter Market: Overview
The global electric kick scooter market was valued at US$ 2,438.9 Million in 2020 and is estimated to grow at a CAGR of 16.9% during the forecast period. The global electric kick scooter market is anticipated to witness tremendous growth in the years to come due to the growing traffic congestion across the globe along with the increased carbon emissions due to fuel-based vehicles. The increasing adoption of advanced technologies in electric scooters along with the increased consumer focus towards the adoption of eco-friendly vehicles across the globe are some other key factors for the growth of the global electric kick scooter market during the forecast period. Moreover, the increasing product launches by key players are some of the key opportunities for the global electric kick scooter market over the upcoming years.For instance, in 2020, Xiaomi introduced the Mi Electric Scooter 1S, which is available across all China’s e-commerce websites with international shipping options. Besides, the regulatory hurdles is one of the key factor estimated to hamper the global electric kick scooter market growth in the years to come.
Global Electric Kick Scooter Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global electric kick scooter market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global electric kick scooter market, the demand for electric kick scooter has decreased due to sudden haltin the production of electric kick scooter worldwide along with the decreased sales of electric vehicles during the COVID-19 period.
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Global Electric Kick Scooter Market: Report Highlights
- Based on the battery, in 2020, the lithium-ion category had a major share in the global electric kick scooter market and is estimated to continue its dominance over the forecast period. This is ascribed to high performance along with the environmental advantages of li-ion batteries.
- On the basis of wheels, in the electric kick scooter market, the three-wheel category had a major share in the global market in 2020. This is due to its features such as safety, easy balance & direction, compact size, low cost, and others.
- On the basis of distribution channel, in the electric kick scooter market, the in-store category had a major share in the global market and is estimated to continue its dominance over the forecast period.
- Based on the regional analysis, Asia Pacific is had the highest share in the electric kick-scooter market. This is majorly due to the presence of the key market players in this region. Besides, North America and Europe are estimated to witness lucrative growth over the upcoming years.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global electric kick scooter market.
- As per the research by Constancy Researchers Private Limited, the global electric kick scooter market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Electric Kick Scooter Market
- YADEA Technology Group Co. Ltd.
- Jiangsu Xinri E-vehicles Co. Ltd.
- Gotrax
- Bird Rides Inc.
- SWAGTRON
- Segway Inc.
- Xiaomi
- iconBIT GmbH
- Zhejiang Okai Vehicles Co. Ltd.
- Govecs AG
- Others
Global Electric Kick Scooter Market: Segmentation
Constancy Researchers Private Limited has segmented the global electric kick scooter market on the basis of battery, voltage, wheels, application, distribution channel, end-user, and regional analysis-
Global Electric Kick Scooter Market: By Battery
- Sealed Lead Acid (SLA)
- Nickel Metal Hydride (NiMH)
- Lithium Ion (Li-Ion)
Global Electric Kick Scooter Market: By Voltage
- Below 24V
- 36V
- 48V
- More than 48V
Global Electric Kick Scooter Market: By Wheels
- Two Wheels
- Three Wheels
- Four Wheels
Global Electric Kick Scooter Market: By Application
- Personal
- Rental
Global Electric Kick Scooter Market: By Distribution Channel
- In-store
- Online
Global Electric Kick Scooter Market: By End-user
- Kids
- Adult
Global Electric Kick Scooter Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
