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Electric Kick Scooter Market Trends

Report ID: GMI5794
Published Date: Mar 2024
Report Format: PDF

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Electric Kick Scooter Market Trends

The rising government incentives aimed at prioritizing sustainable transportation solutions to reduce emissions and congestion will contribute to the market expansion. These incentives include subsidies for purchasing electric scooters, tax credits, and grants for infrastructure development, such as dedicated scooter lanes and charging stations. Additionally, regulatory frameworks are being revised to accommodate and promote electric scooter usage, fostering a favorable environment for market growth.

As a result, manufacturers are witnessing increased demand and service providers are looking at investment opportunities in the electric kick scooter sector, further driving innovations within the industry. To cite an instance, in March 2024, the Maltese government unveiled fresh incentives, offering €150 to individuals interested in acquiring their own personal e-kick scooter, coinciding with the enforcement of the ban on rental e-kick scooters.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of electric kick scooter reached USD 2.9 billion in 2023 and is set to witness 10% CAGR from 2024 to 2032, led by increasing acquisitions among leading companies, alongside proliferation of ride-sharing and micro-mobility services.

The all-terrain kick scooters segment expected to account for a market share of over 40% in 2023, as they appeal to outdoor enthusiasts, adventurers, and recreational riders seeking an exhilarating and eco-friendly means of exploring nature.

North America dominated the market with a major share of over 33% in 2023, attributed to rapid urbanization, coupled with growing concerns about traffic congestion and environmental sustainability.

Apollo Scooters, GOTRAX, iconBIT, Inokim Inc, Joyor, Kaabo Scooter, Micro Mobility Systems AG, Niu International, Razor USA LLC, SEGWAY INC., SWAGTRON, Xiaomi, Yadea Technology Group Co., Ltd., and ZHEJIANG DUALTRON ESCOOTER CO LTD.