Electric Kick Scooters Market 2022 Size, Growth, Opportunities, Leading Company Analysis, Share, Trends, Regional Overview, and Forecast to 2028 | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, Kick scooters have emerged as a cost-effective urban commute option in recent times. This is attributed to the sleek design and the ease of use they offer. Rapid developments in the electric scooter sharing industry are also expected to generate growth opportunities for the kick scooters market over the forecast period.

The global electric kick scooters market size is expected to reach USD 5.2 billion by 2028, according to a study conducted by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.3% from 2021 to 2028. The growth of the market is attributed to the increasing penetration of cost-effective electric scooter sharing services across the globe.

While the market is expected to witness promising growth opportunities in the long run, the COVID-19 pandemic is likely to negatively impact the market. Strict restrictions on transportation activities and lockdowns in the first half of 2020 paralyzed electric kick scooter retail business activities across the globe. While manufacturing and supply chain activities were severely disrupted, the situation was particularly challenging for the manufacturers and dealers of electric kick scooters. In the near future, however, the fear of public transportation could motivate consumers to seek alternate modes of transportation, thereby driving the market. The pandemic is expected to be an accelerator for the transition to sustainable mobility.

The need for product differentiation and the introduction of next-generation technology is anticipated to favor market growth. One of the key factors expected to boost demand for the two-wheeler is the shrinking parking spaces in metro cities. In recent times, these two-wheelers have gained prominence in countries such as the U.S., Germany, France, and Spain. The growing need to avoid traffic congestions and increased demand for micro-mobility options have encouraged vendors to manufacture folding electric scooters. These two-wheelers offer flexibility with minimum energy consumption and can be easily folded to the size of a suitcase.

An increase in greenhouse gas emissions has resulted in initiatives to combat climate change with hopes pinned on e-mobility. Several countries globally have started enacting climate change action plans to reduce vehicular emissions by adopting sustainable and eco-friendly transportation options. Furthermore, investments in clean energy and initiatives that are taken by governments to curb CO2 emissions are expected to boost the demand for electric scooters over the coming years.

North America is expected to be the fastest-growing regional market over the next few years. The U.S. is anticipated to emerge as an early adopter of e-scooters due to high technology penetration and developed e-charging infrastructure.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/electric-kick-scooters-market

Electric Kick Scooters Market Report Highlights

The Lithium-Ion (Li-Ion) segment dominated the market in 2020 and is expected to reach USD 3.4 billion by 2028
The 36V segment dominated the market in 2020 and is expected to reach USD 2.9 billion by 2028
Asia Pacific is projected to account for the majority market share and is expected to reach USD 3.5 billion by 2028

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/electric-kick-scooters-market/request/rs1

Electric Kick Scooters Market Segmentation

Grand View Research has segmented the global electric kick scooters market on the basis of battery, voltage, and region:

Electric Kick Scooters Battery Outlook (Volume, Units; Revenue, USD Million, 2016 – 2028)

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

Electric Kick Scooters Voltage Outlook (Volume, Units; Revenue, USD Million, 2016 – 2028)

Below 24V
36V
48V
Greater than 48V

Electric Kick Scooters Regional Outlook (Volume, Units; Revenue, USD Million, 2016 – 2028)

North America
U.S.
Canada
Europe
U.K.
Germany
France
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Middle East and Africa

List of Key Players of Electric Kick Scooters Market

Jiangsu Xinri E-Vehicle Co. Ltd.
YADEA Technology Group Co., Ltd.
Bird Rides, Inc.
SWAGTRON
SEGWAY INC.
Xiaomi
iconBIT GmbH

 

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/451189/ibb

 

About Grand View Research

 

Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.

Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients. 

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/electric-kick-scooters-market