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Electric Kick Scooter Market Analysis Europe, North America, APAC, South America, Middle East and Africa - US, Germany, France, UK, China - Size and Forecast 2024-2028

Electric Kick Scooter Market Analysis Europe, North America, APAC, South America, Middle East and Africa - US, Germany, France, UK, China - Size and Forecast 2024-2028

Published: Jul 2024 134 Pages SKU: IRTNTR73809

Market Overview at a Glance

$2.19 B
Market Opportunity
11.95%
CAGR
10.45
YoY growth 2023-2024(%)

Electric Kick Scooter Market Size 2024-2028

The electric kick scooter market size is forecast to increase by USD 2.19 billion at a CAGR of 11.95% between 2023 and 2028.

  • The market is experiencing significant growth, driven by several key trends. Governments' increasing incentives and subsidies to promote eco-friendly transportation solutions are a major growth factor. Another trend is the rising popularity of electric kick scooter-sharing services, which offer convenience and affordability to consumers. Additionally, there is a growing demand for batteries with long range, fast charging, and long lifespan to ensure user satisfaction and market competitiveness. These trends are shaping the future of the market and are expected to drive its growth In the coming years.

    • What will be the Size of the Electric Kick Scooter Market During the Forecast Period?

    Electric Kick Scooter Market Size

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  • The e-kick scooter market, also known as the electric motorized scooter or standing electric scooter market, is experiencing significant growth due to its emergence as an environmentally friendly and cost-effective transportation solution. With fluctuating fuel prices and increasing concerns over carbon emissions, these lightweight, quick-charging devices have gained popularity in both developed and emerging economies. The sleek design and ease of use make them an attractive option for short distance commuting, particularly in urban areas where parking space is a premium. Technologically advanced electric two-wheelers, including e-kick scooters, fall under the electric vehicles category. The battery segment, a crucial component, is divided into lead-acid and lithium-ion (li-ion) technologies.
  • Li-ion technology, with its higher energy density and longer lifespan, is gaining traction In the market. The drive segment includes below-belt drive systems, which provide a smoother ride and increased efficiency. Government authorities are also recognizing the potential of electric kick scooters as a viable transportation alternative and are implementing regulations to ensure safety and standardization. Overall, the e-kick scooter market is poised for continued growth as it addresses the need for efficient, eco-friendly, and cost-effective transportation solutions.

    • How is this Electric Kick Scooter Industry segmented and which is the largest segment?

    The electric kick scooter industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

    • Variant
      • 25v to 50v
      • Less than 25v
      • More than 50v
    • Geography
      • Europe
        • Germany
        • UK
        • France
      • North America
        • US
      • APAC
        • China
      • South America
        • Middle East and Africa

        By Variant Insights

        • The 25v to 50v segment is estimated to witness significant growth during the forecast period.

        The market, encompassing electric motorized scooters and standing scooters, experienced notable growth in 2023, with the 25v to 50v segment leading the charge. Factors fueling this expansion include declining battery prices, low maintenance costs, government incentives, and heightened environmental consciousness. As more consumers opt for electric scooters as an environmentally friendly alternative to traditional transportation methods, competition intensifies among manufacturers. To remain competitive, companies are innovating to deliver electric scooters with advanced features at cost-effective prices. In developed regions, electric scooters are gaining traction for short-distance commuting, especially in emerging economies where parking space requirements are minimal. The post-pandemic market is witnessing a surge in demand, with electric scooters offering a quick, cost-effective, and eco-friendly solution to fluctuating fuel prices and carbon emissions concerns.

        Government authorities worldwide are encouraging the adoption of electric vehicles, including electric two-wheelers, through favorable policies. The battery segment, which includes lead-acid and lithium-ion (Li-Ion) technologies, plays a crucial role In the market's growth, with Li-Ion technology gaining popularity due to its higher energy density and longer lifespan. The drive segment consists of below-belt drive, chain drive, hub drive, and belt drive, each offering unique advantages in terms of performance and cost. The end-use segment includes personal vehicles, commercial vehicles, and those for kids and adults, with ride-sharing platforms further expanding the market's reach.

        Electric Kick Scooter Market Size

        Get a glance at the  Electric Kick Scooter Industry report of share of various segments Request Free Sample

        The 25v to 50v segment was valued at USD 1.06 billion in 2018 and showed a gradual increase during the forecast period.

        Regional Analysis

        • Europe is estimated to contribute 36% to the growth of the global market during the forecast period.

        Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

        Electric Kick Scooter Market Share by Geography

        For more insights on the market share of various regions, Request Free Sample

        The market in Europe is experiencing significant growth due to various factors. One key driver is the increasing adoption of electric kick scooters for shared services in response to traffic congestion and rising pollution in major European cities, such as London, Berlin, and Paris. The compact size and suitable speed of electric kick scooters make them an ideal solution for short-distance commuting. Additionally, government initiatives and stringent emission laws are boosting the market's growth. Europe's the market is dominated by micro-mobility companies offering electric kick scooters and other two-wheelers. The market's growth is also influenced by the shift towards environmentally friendly transportation solutions and the fluctuating fuel prices.

        The electric kick scooter's lightweight design, quick charging capabilities, and cost-effectiveness further contribute to its rising demand. Government authorities are encouraging the use of electric vehicles, including electric two-wheelers, to reduce carbon emissions. The battery segment, which includes lead-acid and lithium-ion (Li-Ion) batteries, plays a crucial role In the market's growth, with Li-Ion technology gaining popularity due to its longer battery life and faster charging capabilities. The market's drive segment includes below-belt drive, chain drive, hub drive, and belt drive systems, with each segment catering to specific market requirements. The end-use segment includes personal vehicles, commercial vehicles, and kids and adults.

        Ride-sharing platforms are also contributing to the market's growth, offering a convenient and cost-effective transportation solution.

        Market Dynamics

        Our  researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

        What are the key market drivers leading to the rise In the adoption of Electric Kick Scooter Industry?

        Increasing incentives and subsidies by governments is the key driver of the market.

      • The market, also known as the electric motorized standing scooter industry, is witnessing significant growth due to its ease of use and environmentally friendly nature. With fluctuating fuel prices and increasing focus on reducing carbon emissions, electric scooters are becoming an attractive option for short distance commuting in emerging economies and developed regions alike. The sleek design and quick charging capabilities make them a cost-effective transportation solution. Government authorities are promoting the adoption of electric vehicles, including electric two wheelers, through favorable policies and incentives. For instance, In the US, the federal government offers a tax credit of up to USD2,500 on the purchase of electric scooters, depending on their battery capacity.
      • The battery segment of the market is witnessing significant growth, with both lead-acid and lithium-ion (Li-Ion) batteries being widely used. Li-Ion technology is gaining popularity due to its longer battery life and quicker charging time. The drive segment of the market includes below belt drive, chain drive, hub drive, and belt drive. The end-use segment includes personal vehicles and commercial vehicles, with ride-sharing platforms being a significant contributor to the market growth. Kids and adults alike are adopting electric kick scooters for their convenience and eco-friendliness. The market is expected to continue its upward trajectory In the post-pandemic market, as more people look for sustainable and cost-effective transportation options.

        • What are the market trends shaping the Electric Kick Scooter Industry?

        Increasing popularity of electric kick scooter-sharing services is the upcoming market trend.

      • The market is experiencing significant growth due to the rising demand for environmentally friendly transportation solutions in emerging economies. With fluctuating fuel prices and increasing traffic congestion, electric motorized scooters, also known as e-kick scooters or electric two-wheelers, have gained popularity as a cost-effective and convenient alternative to cars for short distance commuting. These sleekly designed, lightweight vehicles offer quick charging capabilities and produce zero carbon emissions, making them an attractive option for both personal and commercial use. The end-use segments for electric kick scooters include personal vehicles for kids and adults, as well as commercial vehicles for ride-sharing platforms.
      • The drive segment includes various types of systems such as below-belt drive, chain drive, hub drive, and belt drive. The battery segment uses both lead-acid and lithium-ion (Li-Ion) technology, with Li-Ion technology gaining popularity due to its longer battery life and faster charging capabilities. Government authorities in developed regions are implementing favorable policies to promote the adoption of electric vehicles, including electric kick scooters. The ease of use, ease of navigation in heavily congested cities, and no requirement for parking space are additional factors contributing to the growth of the market. Overall, the market is expected to continue its upward trajectory In the post-pandemic era.

        • What challenges does the Electric Kick Scooter Industry face during its growth?

        Demand for batteries with long range, fast charging, and long lifespan is a key challenge affecting the industry growth.

      • The market, also known as the Electric Motorized Scooter or Standing Electric Scooter industry, is witnessing significant growth due to its ease of use and environmentally friendly nature. As fuel prices fluctuate, there is a rising demand for cost-effective transportation options, making electric scooters an attractive alternative for short distance commuting. Emerging economies are also embracing this trend, with favorable government policies and increasing infrastructure development. The Electric Scooter market consists of various segments, including the Battery and Drive segments. The Battery segment includes Lead Acid and Lithium-Ion (Li-Ion) batteries, with Li-Ion technology gaining popularity due to its longer battery life and quick charging capabilities.
      • The Drive segment includes Below Belt Drive, Chain Drive, and Hub Drive systems. The End-Use segment includes Personal Vehicles, Commercial Vehicles, and Kids and Adults. Ride sharing platforms are also contributing to the growth of this market. The Electric Kick Scooter is a sleek and lightweight mode of transportation, requiring minimal parking space. It is an environmentally friendly alternative to traditional vehicles, producing zero carbon emissions. Government authorities are promoting the adoption of Electric Vehicles (EVs), including Electric Two Wheelers, in developed regions to reduce carbon emissions and combat climate change. The market is expected to continue its upward trajectory In the post-pandemic market, with increasing consumer awareness and acceptance of electric vehicles.

        • Exclusive Customer Landscape

        The electric kick scooter market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the electric kick scooter market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

        Electric Kick Scooter Market Share by Geography

         Customer Landscape

        Key Companies & Market Insights

        Companies are implementing various strategies, such as strategic alliances, electric kick scooter market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.

        ABB Ltd. - The company specializes in robotics and automation solutions, including the production of electric kick scooters, at its state-of-the-art manufacturing facility. This innovative transportation alternative joins the firm's diverse product offerings, catering to the growing demand for eco-friendly and efficient mobility solutions. Electric kick scooters represent a burgeoning sector In the transportation industry, characterized by their compact design, affordability, and convenience. As the market continues to expand, the company's commitment to cutting-edge technology and manufacturing excellence positions it as a key player in this dynamic and evolving field.

        The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

        • ABB Ltd.
        • Ather Energy Pvt. Ltd.
        • Bolzzen
        • CaliRides LLC
        • Evolve Skateboards Aus Pty Ltd.
        • Maytech
        • Mellow Boards GmbH
        • NSK Ltd.
        • QS MOTORS Ltd.
        • Schneider Electric SE
        • Segway Inc.
        • STEL LLC
        • UBOARD INDIA
        • Xiaomi Communications Co. Ltd.
        • Yuneec International Co. Ltd.
        • Zero Motorcycles Inc.

        Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

        Research Analyst Overview

        Electric kick scooters, also known as e-kick scooters or electric motorized standing scooters, have gained significant traction in recent years as an environmentally friendly and cost-effective transportation solution. These sleekly designed devices offer ease of use and are particularly well-suited for short distance commuting and intra-city travel. The emergence of electric kick scooters can be attributed to several market dynamics. Fluctuating fuel prices and increasing environmental concerns have led consumers to seek alternative modes of transportation. Additionally, the post-pandemic market has witnessed a surge in demand for personal mobility solutions that prioritize social distancing and convenience. Favorable government policies have further bolstered the growth of the market.

        In many developed regions, authorities have implemented incentives to encourage the adoption of electric vehicles, including electric two wheelers, to reduce carbon emissions and promote sustainable transportation. The battery segment plays a crucial role In the market. Both lead acid and lithium-ion (li-ion) batteries are used In these devices. Li-ion technology, with its higher energy density and longer lifespan, has gained popularity due to its ability to provide longer ride times and quicker charging capabilities. The drive segment In the market includes below-belt drive, chain drive, hub drive, and belt drive systems. Hub drive systems, which integrate the motor into the wheel hub, have gained traction due to their simplicity and efficiency.

        The end-use segment of the market can be divided into personal vehicle and commercial vehicle applications. Personal vehicles are primarily used for short distance commuting and recreational purposes, while commercial vehicles are employed for ride sharing platforms and last-mile delivery services. Electric kick scooters are also gaining popularity among kids and adults in emerging economies as a fun and affordable mode of transportation. The lightweight design and quick charging capabilities make these devices an attractive option for those seeking a cost-effective alternative to cars and motorbikes. Despite their numerous benefits, electric kick scooters face challenges, such as parking space requirements and potential safety concerns.

        Government authorities are addressing these issues by implementing regulations and infrastructure developments to accommodate the growing number of electric kick scooters on the roads. In conclusion, the market is experiencing robust growth due to a combination of factors, including environmental concerns, fluctuating fuel prices, and favorable government policies. The market is expected to continue expanding as consumers seek convenient, cost-effective, and eco-friendly transportation solutions.

        Market Scope

        Report Coverage

        Details

        Page number

        134

        Base year

        2023

        Historic period

        		 2018-2022

        Forecast period

        2024-2028

        Growth momentum & CAGR

        Accelerate at a CAGR of 11.95%

        Market growth 2024-2028

        USD 2194.9 million

        Market structure

        Fragmented

        YoY growth 2023-2024(%)

        10.45

        Key countries

        US, Germany, France, UK, and China

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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        What are the Key Data Covered in this Electric Kick Scooter Market Research and Growth Report?

        • CAGR of the Electric Kick Scooter industry during the forecast period
        • Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
        • Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
        • Accurate predictions about upcoming growth and trends and changes in consumer behaviour
        • Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
        • Thorough analysis of the market’s competitive landscape and detailed information about companies
        • Comprehensive analysis of factors that will challenge the electric kick scooter market growth of industry companies

        We can help! Our analysts can customize this electric kick scooter market research report to meet your requirements.

        Get in touch

         

        1 Executive Summary

        • 1.1 Market overview
          • Executive Summary - Chart on Market Overview
          • Executive Summary - Data Table on Market Overview
          • Executive Summary - Chart on Global Market Characteristics
          • Executive Summary - Chart on Market by Geography
          • Executive Summary - Chart on Market Segmentation by Variant
          • Executive Summary - Chart on Incremental Growth
          • Executive Summary - Data Table on Incremental Growth
          • Executive Summary - Chart on Company Market Positioning

        2 Market Landscape

        • 2.1 Market ecosystem
          • Parent Market
          • Data Table on - Parent Market
        • 2.2 Market characteristics
          • Market characteristics analysis
        • 2.3 Value chain analysis
          • Value Chain Analysis

        3 Market Sizing

        • 3.1 Market definition
          • Offerings of companies included in the market definition
        • 3.2 Market segment analysis
          • Market segments
        • 3.3 Market size 2023
          • 3.4 Market outlook: Forecast for 2023-2028
            • Chart on Global - Market size and forecast 2023-2028 ($ million)
            • Data Table on Global - Market size and forecast 2023-2028 ($ million)
            • Chart on Global Market: Year-over-year growth 2023-2028 (%)
            • Data Table on Global Market: Year-over-year growth 2023-2028 (%)

          4 Historic Market Size

          • 4.1 Global Electric Kick Scooter Market 2018 - 2022
            • Historic Market Size - Data Table on Global Electric Kick Scooter Market 2018 - 2022 ($ million)
          • 4.2 Variant segment analysis 2018 - 2022
            • Historic Market Size - Variant Segment 2018 - 2022 ($ million)
          • 4.3 Geography segment analysis 2018 - 2022
            • Historic Market Size - Geography Segment 2018 - 2022 ($ million)
          • 4.4 Country segment analysis 2018 - 2022
            • Historic Market Size - Country Segment 2018 - 2022 ($ million)

          5 Five Forces Analysis

          • 5.1 Five forces summary
            • Five forces analysis - Comparison between 2023 and 2028
          • 5.2 Bargaining power of buyers
            • Bargaining power of buyers - Impact of key factors 2023 and 2028
          • 5.3 Bargaining power of suppliers
            • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
          • 5.4 Threat of new entrants
            • Threat of new entrants - Impact of key factors in 2023 and 2028
          • 5.5 Threat of substitutes
            • Threat of substitutes - Impact of key factors in 2023 and 2028
          • 5.6 Threat of rivalry
            • Threat of rivalry - Impact of key factors in 2023 and 2028
          • 5.7 Market condition
            • Chart on Market condition - Five forces 2023 and 2028

          6 Market Segmentation by Variant

          • 6.1 Market segments
            • Chart on Variant - Market share 2023-2028 (%)
            • Data Table on Variant - Market share 2023-2028 (%)
          • 6.2 Comparison by Variant
            • Chart on Comparison by Variant
            • Data Table on Comparison by Variant
          • 25v to 50v - Market size and forecast 2023-2028
            • Chart on 25v to 50v - Market size and forecast 2023-2028 ($ million)
            • Data Table on 25v to 50v - Market size and forecast 2023-2028 ($ million)
            • Chart on 25v to 50v - Year-over-year growth 2023-2028 (%)
            • Data Table on 25v to 50v - Year-over-year growth 2023-2028 (%)
          • 6.4 Less than 25v - Market size and forecast 2023-2028
            • Chart on Less than 25v - Market size and forecast 2023-2028 ($ million)
            • Data Table on Less than 25v - Market size and forecast 2023-2028 ($ million)
            • Chart on Less than 25v - Year-over-year growth 2023-2028 (%)
            • Data Table on Less than 25v - Year-over-year growth 2023-2028 (%)
          • 6.5 More than 50v - Market size and forecast 2023-2028
            • Chart on More than 50v - Market size and forecast 2023-2028 ($ million)
            • Data Table on More than 50v - Market size and forecast 2023-2028 ($ million)
            • Chart on More than 50v - Year-over-year growth 2023-2028 (%)
            • Data Table on More than 50v - Year-over-year growth 2023-2028 (%)
          • 6.6 Market opportunity by Variant
            • Market opportunity by Variant ($ million)
            • Data Table on Market opportunity by Variant ($ million)

          7 Customer Landscape

          • 7.1 Customer landscape overview
            • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

          8 Geographic Landscape

          • 8.1 Geographic segmentation
            • Chart on Market share by geography 2023-2028 (%)
            • Data Table on Market share by geography 2023-2028 (%)
          • 8.2 Geographic comparison
            • Chart on Geographic comparison
            • Data Table on Geographic comparison
          • 8.3 Europe - Market size and forecast 2023-2028
            • Chart on Europe - Market size and forecast 2023-2028 ($ million)
            • Data Table on Europe - Market size and forecast 2023-2028 ($ million)
            • Chart on Europe - Year-over-year growth 2023-2028 (%)
            • Data Table on Europe - Year-over-year growth 2023-2028 (%)
          • 8.4 North America - Market size and forecast 2023-2028
            • Chart on North America - Market size and forecast 2023-2028 ($ million)
            • Data Table on North America - Market size and forecast 2023-2028 ($ million)
            • Chart on North America - Year-over-year growth 2023-2028 (%)
            • Data Table on North America - Year-over-year growth 2023-2028 (%)
          • 8.5 APAC - Market size and forecast 2023-2028
            • Chart on APAC - Market size and forecast 2023-2028 ($ million)
            • Data Table on APAC - Market size and forecast 2023-2028 ($ million)
            • Chart on APAC - Year-over-year growth 2023-2028 (%)
            • Data Table on APAC - Year-over-year growth 2023-2028 (%)
          • 8.6 South America - Market size and forecast 2023-2028
            • Chart on South America - Market size and forecast 2023-2028 ($ million)
            • Data Table on South America - Market size and forecast 2023-2028 ($ million)
            • Chart on South America - Year-over-year growth 2023-2028 (%)
            • Data Table on South America - Year-over-year growth 2023-2028 (%)
          • 8.7 Middle East and Africa - Market size and forecast 2023-2028
            • Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
            • Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
            • Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
            • Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
          • 8.8 US - Market size and forecast 2023-2028
            • Chart on US - Market size and forecast 2023-2028 ($ million)
            • Data Table on US - Market size and forecast 2023-2028 ($ million)
            • Chart on US - Year-over-year growth 2023-2028 (%)
            • Data Table on US - Year-over-year growth 2023-2028 (%)
          • 8.9 Germany - Market size and forecast 2023-2028
            • Chart on Germany - Market size and forecast 2023-2028 ($ million)
            • Data Table on Germany - Market size and forecast 2023-2028 ($ million)
            • Chart on Germany - Year-over-year growth 2023-2028 (%)
            • Data Table on Germany - Year-over-year growth 2023-2028 (%)
          • 8.10 France - Market size and forecast 2023-2028
            • Chart on France - Market size and forecast 2023-2028 ($ million)
            • Data Table on France - Market size and forecast 2023-2028 ($ million)
            • Chart on France - Year-over-year growth 2023-2028 (%)
            • Data Table on France - Year-over-year growth 2023-2028 (%)
          • 8.11 China - Market size and forecast 2023-2028
            • Chart on China - Market size and forecast 2023-2028 ($ million)
            • Data Table on China - Market size and forecast 2023-2028 ($ million)
            • Chart on China - Year-over-year growth 2023-2028 (%)
            • Data Table on China - Year-over-year growth 2023-2028 (%)
          • 8.12 UK - Market size and forecast 2023-2028
            • Chart on UK - Market size and forecast 2023-2028 ($ million)
            • Data Table on UK - Market size and forecast 2023-2028 ($ million)
            • Chart on UK - Year-over-year growth 2023-2028 (%)
            • Data Table on UK - Year-over-year growth 2023-2028 (%)
          • 8.13 Market opportunity by geography
            • Market opportunity by geography ($ million)
            • Data Tables on Market opportunity by geography ($ million)

          9 Drivers, Challenges, and Opportunity/Restraints

          • 9.1 Market drivers
            • 9.2 Market challenges
              • 9.3 Impact of drivers and challenges
                • Impact of drivers and challenges in 2023 and 2028
              • 9.4 Market opportunities/restraints

                10 Competitive Landscape

                • 10.1 Overview
                  • 10.2 Competitive Landscape
                    • Overview on criticality of inputs and factors of differentiation
                  • 10.3 Landscape disruption
                    • Overview on factors of disruption
                  • 10.4 Industry risks
                    • Impact of key risks on business

                  11 Competitive Analysis

                  • 11.1 Companies profiled
                    • Companies covered
                  • 11.2 Market positioning of companies
                    • Matrix on companies position and classification
                  • 11.3 ABB Ltd.
                    • ABB Ltd. - Overview
                    • ABB Ltd. - Business segments
                    • ABB Ltd. - Key news
                    • ABB Ltd. - Key offerings
                    • ABB Ltd. - Segment focus
                  • 11.4 Bolzzen
                    • Bolzzen - Overview
                    • Bolzzen - Product / Service
                    • Bolzzen - Key offerings
                  • 11.5 Evolve Skateboards Aus Pty Ltd.
                    • Evolve Skateboards Aus Pty Ltd. - Overview
                    • Evolve Skateboards Aus Pty Ltd. - Product / Service
                    • Evolve Skateboards Aus Pty Ltd. - Key offerings
                  • 11.6 NSK Ltd.
                    • NSK Ltd. - Overview
                    • NSK Ltd. - Product / Service
                    • NSK Ltd. - Key news
                    • NSK Ltd. - Key offerings
                  • 11.7 QS MOTORS Ltd.
                    • QS MOTORS Ltd. - Overview
                    • QS MOTORS Ltd. - Product / Service
                    • QS MOTORS Ltd. - Key offerings
                  • 11.8 Schneider Electric SE
                    • Schneider Electric SE - Overview
                    • Schneider Electric SE - Business segments
                    • Schneider Electric SE - Key news
                    • Schneider Electric SE - Key offerings
                    • Schneider Electric SE - Segment focus
                  • 11.9 Segway Inc.
                    • Segway Inc. - Overview
                    • Segway Inc. - Product / Service
                    • Segway Inc. - Key offerings
                  • 11.10 STEL LLC
                    • STEL LLC - Overview
                    • STEL LLC - Product / Service
                    • STEL LLC - Key offerings
                  • 11.11 UBOARD INDIA
                    • UBOARD INDIA - Overview
                    • UBOARD INDIA - Product / Service
                    • UBOARD INDIA - Key offerings
                  • 11.12 Xiaomi Communications Co. Ltd.
                    • Xiaomi Communications Co. Ltd. - Overview
                    • Xiaomi Communications Co. Ltd. - Business segments
                    • Xiaomi Communications Co. Ltd. - Key news
                    • Xiaomi Communications Co. Ltd. - Key offerings
                    • Xiaomi Communications Co. Ltd. - Segment focus

                  12 Appendix

                  • 12.1 Scope of the report
                    • 12.2 Inclusions and exclusions checklist
                      • Inclusions checklist
                      • Exclusions checklist
                    • 12.3 Currency conversion rates for US$
                      • Currency conversion rates for US$
                    • 12.4 Research methodology
                      • Research methodology
                    • 12.5 Data procurement
                      • Information sources
                    • 12.6 Data validation
                      • Data validation
                    • 12.7 Validation techniques employed for market sizing
                      • Validation techniques employed for market sizing
                    • 12.8 Data synthesis
                      • Data synthesis
                    • 12.9 360 degree market analysis
                      • 360 degree market analysis
                    • 12.10 List of abbreviations
                      • List of abbreviations

                    Research Methodology

                    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                    INFORMATION SOURCES

                    Primary sources

                    • Manufacturers and suppliers
                    • Channel partners
                    • Industry experts
                    • Strategic decision makers

                    Secondary sources

                    • Industry journals and periodicals
                    • Government data
                    • Financial reports of key industry players
                    • Historical data
                    • Press releases

                    DATA ANALYSIS

                    Data Synthesis

                    • Collation of data
                    • Estimation of key figures
                    • Analysis of derived insights

                    Data Validation

                    • Triangulation with data models
                    • Reference against proprietary databases
                    • Corroboration with industry experts

                    REPORT WRITING

                    Qualitative

                    • Market drivers
                    • Market challenges
                    • Market trends
                    • Five forces analysis

                    Quantitative

                    • Market size and forecast
                    • Market segmentation
                    • Geographical insights
                    • Competitive landscape

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                    Frequently Asked Questions

                    Electric Kick Scooter market growth will increase by $ 2194.9 mn during 2024-2028.

                    The Electric Kick Scooter market is expected to grow at a CAGR of 11.95% during 2024-2028.

                    Electric Kick Scooter market is segmented by Variant( 25v to 50v, Less than 25v, More than 50v)

                    ABB Ltd., Ather Energy Pvt. Ltd., Bolzzen, CaliRides LLC, Evolve Skateboards Aus Pty Ltd., Maytech, Mellow Boards GmbH, NSK Ltd., QS MOTORS Ltd., Schneider Electric SE, Segway Inc., STEL LLC, UBOARD INDIA, Xiaomi Communications Co. Ltd., Yuneec International Co. Ltd., Zero Motorcycles Inc. are a few of the key vendors in the Electric Kick Scooter market.

                    Europe will register the highest growth rate of 36% among the other regions. Therefore, the Electric Kick Scooter market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.

                    US, Germany, France, UK, China

                    • Increasing incentives and subsidies by governmentsThe focus of several countries on fighting climate change and reducing pollution has compelled environmental bodies worldwide to take necessary actions to curb vehicular emissions. Various regulations on controlling vehicular emissions are being implemented in different countries. Many vehicle manufacturers are working toward introducing EVs; in the long run is the driving factor this market.
                    • these vehicles are expected to replace IC engine-based vehicles to reduce greenhouse gas emissions. The adoption of EVs is the driving factor this market.
                    • including electric two-wheelers is the driving factor this market.
                    • is strongly supported by governments of several countries through incentives and subsidies. Incentives and subsidies vary depending on the type of EV. For instance is the driving factor this market.
                    • the US government offers a federal tax credit of 10% on the purchase price across all the 50 states is the driving factor this market.
                    • with a maximum cap of $2 is the driving factor this market.
                    • 500 is the driving factor this market.
                    • which varies according to the battery capacity of electric two-wheelers. There is a 30% tax credit on the purchase of charging equipment for these electric two-wheelers. is the driving factor this market.

                    The Electric Kick Scooter market vendors should focus on grabbing business opportunities from the 25v to 50v segment as it accounted for the largest market share in the base year.