NEW YORK, Aug. 31, 2022 /PRNewswire/ — The “Electric Kick Scooter Market Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the electric kick scooter market between 2021 and 2026 is USD 1.51 billion, as per the latest market analysis report by Technavio. The report predicts the market to witness an accelerating growth momentum at a CAGR of 10.23%. Technavio categorizes the global electric kick scooter market as a part of the global leisure products industry within the global household durables market. 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 data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period. The increasing incentives and subsidies by governments and rising awareness about greenhouse gas (GHG) emissions from fuel-operated automobiles are some of the key market drivers. However, factors such as demand for batteries with long range, fast charging, and long lifespan will challenge market growth.
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Key Market Segment Highlights:
- Regional Opportunities: 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.
- Revenue-generating Segment Highlights: The electric kick scooter market share growth in 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 in the 25v to 50v segment will drive the electric kick scooter market growth during the forecast period.
View our sample report for segment-wise contribution and regional opportunities
Vendor Landscape
The electric kick scooter market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. This statistical study of the electric kick scooter market encompasses successful business strategies deployed by the key vendors. 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. To make the most of the opportunities and recover from the pandemic impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Some Companies Mentioned with their Offerings
- ABB Ltd.: The company offers electric kick scooters through its robotics and automation solutions deployed in Ola mega factory.
- Bolzzen: The company offers electric kick scooter under the brand names Commando, Gladiator, Magneto, and Atom, which offers performance, reliability, and long range.
- Evolve Skateboards Aus Pty Ltd.: The company offers electric kick scooters with strength, sophistication, quality materials, and cutting-edge technology.
- NSK Ltd.: The company offers electric kick scooter components such as ultra-high-speed ball bearings that are designed for EV motors.
- Schneider Electric SE: The company offers electric kick scooter accessories as part of their range of e-mobility solutions.
- Maytech
- Mellow Boards GmbH
- Nine Co. Ltd.
- Ather Energy Pvt. Ltd.
- CaliRides LLC
- QS MOTORS Ltd.
- STEL LLC
- UBoard India Ltd
- Xiaomi Inc.
- Yuneec International Co. Ltd.
- Zero Motorcycles Inc.
- Access extensive vendor profiles with product offerings and strategic moves as you Download Sample PDF
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Electric Kick Scooter Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.23% |
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Market growth 2022-2026 |
$ 1.51 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
9.26 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 42% |
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Key consumer countries |
US, China, Germany, France, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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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. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by Variant
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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