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Electric Kick Scooter Market by Variant and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 121
  • SKU: IRTNTR73809
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The electric kick scooter market share is expected to increase to USD 1.51 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 10.23%.

This electric kick scooter market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers electric kick scooter market segmentations by variant (25V to 50V, less than 25V, and more than 50V) and geography (Europe, North America, APAC, South America, and Middle East and Africa). The electric kick scooter market report also offers information on several market vendors, including ABB Ltd., Ather Energy Pvt. Ltd., Bolzzen, CaliRides LLC, Evolve Skateboards Aus Pty Ltd., Maytech, Mellow Boards GmbH, Nine Co. Ltd., NSK Ltd., QS MOTORS Ltd., Schneider Electric SE, STEL LLC, UBoard India Ltd, Xiaomi Inc., Yuneec International Co. Ltd., and Zero Motorcycles Inc. among others.

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

Download the Free Report Sample to Unlock the Electric Kick Scooter Market Size for the Forecast Period and Other Important Statistics

 

Electric Kick Scooter Market: Key Drivers, Trends, and Challenges

The increasing incentives and subsidies by governments is notably driving the electric kick scooter market growth, although factors such as demand for batteries with long-range, fast charging, and long lifespan may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric kick scooter industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electric Kick Scooter Market Driver

The increasing incentives and subsidies by governments is one of the factors driving the electric kick scooter market growth. Several countries are now working to curb vehicular emissions by reducing pollution. In view of this, many vehicle manufacturers are working toward introducing EVs in the long run, these vehicles are expected to replace IC engine-based vehicles to reduce greenhouse gas emissions. Moreover, the adoption of EVs, including electric two-wheelers, is strongly supported by governments of several countries through incentives and subsidies. Such initiatives by the government will drive the electric kick scooter market growth during the forecast period.

Key Electric Kick Scooter Market Trend

The increasing popularity of electric kick scooter-sharing services is one of the key electric kick scooter market trends supporting the market growth. Primarily, the growing demand for electric kick scooter-sharing services can be attributed to the increasing traffic congestion and pollution in major cities. However, the operational challenges of electric kick scooters are fewer because shared trips are generally shorter in duration and distance when compared with trips taken through other vehicles. In addition, electric kick scooters have smaller batteries compared with other vehicles. These batteries can be easily changed, thus making them a handy solution for shared rides. Such factors are expected to positively impact the growth of the global electric kick scooter market during the forecast period. 

Key Electric Kick Scooter Market Challenge

Demand for batteries with long-range, fast charging, and long lifespan is one of the factors impeding the electric kick scooter market growth. The improvements in the riding range can be made possible by introducing enhancements to the battery technology, which will further increase the production cost of electric scooters, thereby posing a challenge to the adoption of such scooters. In view of this, manufacturers are unable to satisfy their demand. Moreover, as there is no proper infrastructure for charging EVs across various geographic locations, end-users expect long-lasting and fast-charging batteries. These demands would remain a challenge for the growth of the global electric kick scooter market during the forecast period.

This electric kick scooter market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global electric kick scooter market as a part of the global leisure products industry within the global household durables market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electric kick scooter market during the forecast period.

Who are the Major Electric Kick Scooter Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

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

 

This statistical study of the electric kick scooter market encompasses successful business strategies deployed by the key vendors. The electric kick scooter market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Global.abb - The company offers electric kick scooters through its robotics and automation solutions deployed in Ola mega factory.
  • Bolzzen.com - The company offers electric kick scooter under the brand names Commando, Gladiator, Magneto, and Atom, which offers performance, reliability, and long-range.
  • Evolveskateboards.com.au - The company offers electric kick scooter with strength, sophistication, and quality materials and cutting edge technology.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The electric kick scooter market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Electric Kick Scooter Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the electric kick scooter market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Electric Kick Scooter Market?

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42% of the market’s growth will originate from Europe during the forecast period. Germany, France, and the UK are the key markets for the electric kick scooter market in Europe. Market growth in this region will be faster than the growth of the market in North America.

The rising government initiatives and the formulation of stringent emission laws will facilitate the electric kick scooter market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had a negative impact on the regional market. However, the relaxation of lockdown measures from Q4 2020 and the reopening of offline shops are likely to drive the growth of the electric kick scooter market in Europe during the forecast period.

What are the Revenue-generating Variant Segments in the Electric Kick Scooter Market?

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The electric kick scooter market share growth by the 25v to 50v segment will be significant during the forecast period. 25V to 50V was the major segment of the electric kick scooter market in 2021 and is expected to grow significantly during the forecast period. The major driving factors for the growth of the segment and, in turn, the market in focus include a decline in battery prices, low operating and maintenance costs, subsidies and incentives offered by governments of different countries, and increasing awareness about the need to curb vehicular emissions. Such factors of the 25v to 50v segment will drive the electric kick scooter market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electric kick scooter market size and actionable market insights on post COVID-19 impact on each segment.

 

Electric Kick Scooter Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 10.23%

Market growth 2022-2026

$ 1.51 billion

Market structure

Fragmented

YoY growth (%)

9.26

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 42%

Key consumer countries

US, China, Germany, France, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Ather Energy Pvt. Ltd., Bolzzen, CaliRides LLC, Evolve Skateboards Aus Pty Ltd., Maytech, Mellow Boards GmbH, Nine Co. Ltd., NSK Ltd., QS MOTORS Ltd., Schneider Electric SE, STEL LLC, UBoard India Ltd, Xiaomi Inc., Yuneec International Co. Ltd., and Zero Motorcycles Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive electric kick scooter market growth during the next five years
  • Precise estimation of the electric kick scooter market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric kick scooter industry across Europe, North America, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric kick scooter market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Variant
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Variant

    • 5.1 Market segments
      • Exhibit 24: Chart on Variant - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Variant - Market share 2021-2026 (%)
    • 5.2 Comparison by Variant
      • Exhibit 26: Chart on Comparison by Variant
      • Exhibit 27: Data Table on Comparison by Variant
    • 5.3 25v to 50v - Market size and forecast 2021-2026
      • Exhibit 28: Chart on 25v to 50v - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on 25v to 50v - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on 25v to 50v - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on 25v to 50v - Year-over-year growth 2021-2026 (%)
    • 5.4 Less than 25v - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Less than 25v - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Less than 25v - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Less than 25v - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Less than 25v - Year-over-year growth 2021-2026 (%)
    • 5.5 More than 50v - Market size and forecast 2021-2026
      • Exhibit 36: Chart on More than 50v - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on More than 50v - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on More than 50v - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on More than 50v - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Variant
      • Exhibit 40: Market opportunity by Variant ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 France - Market size and forecast 2021-2026
      • Exhibit 74: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.11 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 ABB Ltd.
              • Exhibit 93: ABB Ltd. - Overview
              • Exhibit 94: ABB Ltd. - Business segments
              • Exhibit 95: ABB Ltd. - Key offerings
              • Exhibit 96: ABB Ltd. - Segment focus
            • 10.4 Bolzzen
              • Exhibit 97: Bolzzen - Overview
              • Exhibit 98: Bolzzen - Product / Service
              • Exhibit 99: Bolzzen - Key offerings
            • 10.5 Evolve Skateboards Aus Pty Ltd.
              • Exhibit 100: Evolve Skateboards Aus Pty Ltd. - Overview
              • Exhibit 101: Evolve Skateboards Aus Pty Ltd. - Product / Service
              • Exhibit 102: Evolve Skateboards Aus Pty Ltd. - Key offerings
            • 10.6 Nine Co. Ltd.
              • Exhibit 103: Nine Co. Ltd. - Overview
              • Exhibit 104: Nine Co. Ltd. - Product / Service
              • Exhibit 105: Nine Co. Ltd. - Key offerings
            • 10.7 NSK Ltd.
              • Exhibit 106: NSK Ltd. - Overview
              • Exhibit 107: NSK Ltd. - Business segments
              • Exhibit 108: NSK Ltd. - Key offerings
              • Exhibit 109: NSK Ltd. - Segment focus
            • 10.8 QS MOTORS Ltd.
              • Exhibit 110: QS MOTORS Ltd. - Overview
              • Exhibit 111: QS MOTORS Ltd. - Product / Service
              • Exhibit 112: QS MOTORS Ltd. - Key offerings
            • 10.9 Schneider Electric SE
              • Exhibit 113: Schneider Electric SE - Overview
              • Exhibit 114: Schneider Electric SE - Business segments
              • Exhibit 115: Schneider Electric SE - Key news
              • Exhibit 116: Schneider Electric SE - Key offerings
              • Exhibit 117: Schneider Electric SE - Segment focus
            • 10.10 STEL LLC
              • Exhibit 118: STEL LLC - Overview
              • Exhibit 119: STEL LLC - Product / Service
              • Exhibit 120: STEL LLC - Key offerings
            • 10.11 UBoard India Ltd
              • Exhibit 121: UBoard India Ltd - Overview
              • Exhibit 122: UBoard India Ltd - Product / Service
              • Exhibit 123: UBoard India Ltd - Key offerings
            • 10.12 Xiaomi Inc.
              • Exhibit 124: Xiaomi Inc. - Overview
              • Exhibit 125: Xiaomi Inc. - Business segments
              • Exhibit 126: Xiaomi Inc. - Key news
              • Exhibit 127: Xiaomi Inc. - Key offerings
              • Exhibit 128: Xiaomi Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 129: Inclusions checklist
                • Exhibit 130: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 131: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 132: Research methodology
                • Exhibit 133: Validation techniques employed for market sizing
                • Exhibit 134: Information sources
              • 11.5 List of abbreviations
                • Exhibit 135: List of abbreviations

              Research Framework

              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.

              TechnavioINFORMATION 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
              Technavio

              TechnavioDATA 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
              Technavio

              TechnavioREPORT 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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              The electric kick scooter market market growth will increase by $$ 1.51 bn during 2023-2026.
              The electric kick scooter market market is expected to grow at a CAGR of 10.23% during 2023-2026.
              Technavio has segmented the electric kick scooter market market by other 1 (25v to 50v, Less than 25v, and More than 50v) and geography (Europe, North America, APAC, South America, and Middle East and Africa).
              ABB Ltd., Ather Energy Pvt. Ltd., Bolzzen, CaliRides LLC, Evolve Skateboards Aus Pty Ltd., Maytech, Mellow Boards GmbH, Nine Co. Ltd., NSK Ltd., QS MOTORS Ltd., Schneider Electric SE, STEL LLC, UBoard India Ltd, Xiaomi Inc., Yuneec International Co. Ltd., Zero Motorcycles Inc. are a few of the key vendors in the electric kick scooter market market.
              Europe will register the highest growth rate of 42% among the other regions. Therefore, the electric kick scooter market market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the electric kick scooter market market growth are:
              • Increasing incentives and subsidies by governments
              • Increasing popularity of electric kick scooter-sharing services
              The electric kick scooter market 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.
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