The global electric kick scooters market size is expected to reach USD 5.21 billion by 2028 according to a new study by Polaris Market Research. The report “Electric Kick Scooters Market Share, Size, Trends, Industry Analysis Report, By Battery (Sealed Lead Acid, Nickel Metal Hydride, Lithium-Ion); By Voltage (Below 24V, 36V, 48V, Greater than 48V); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The key factors responsible for the electric kick bike market growth include growing concerns of global warming, depleting non-renewable sources of energy, stricter government norms to reduce carbon footprint, and huge government and private investments to adopt electric vehicles.
Favorable government policies with sufficient incentives across the globe are also playing an important role. In line with this, Maharashtra, India, partnered with Climate Group’s campaign known as “EV100” to support the faster deployment of electric kick vehicles, supporting the state’s Climate Action Plan.
Based on battery type, Lithium-ion battery accounts leading share due to the favorable environmental benefits associated with such batteries coupled with extensive investment in its research. Moreover, voltage power of about 36V has enormous potential to spur market growth, owing to its higher capacity and enhanced electric kick bike driving range properties.
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Asia Pacific region is the leading region in the global industry. Countries like India and China have many established and new industry players involved in developing manufacturing infrastructure for the OEMs and other ancillary units. Also, leading investment by the government regarding the establishment of charging infrastructure may leverage the electronic kick bike market growth subsequently.
Similarly, smart device integration with the scooters allows for remote operation of the vehicle via smartphone apps, Bluetooth, and other means, allowing users to track their average riding speed, cycling patterns, distance traveled along with power level of scooters.
Market participants include Globber, Fuzion Scooters, Gogoro Inc., GOVECS AG, Golabs Inc., IconBIT, KTM Sportmotorcycle GmbH, Jiangsu Xinri E-Vehicle Co., Ltd., Yamaha Motor Co., Ltd. Mahindra & Mahindra ltd., Ningbo MYWAY Intelligent Technology Co., Ltd, Ninebot, Niu International, Swagtron India, Razor USA LLC, Terra Motors India, Xiaomi, Xootr LLC, Vmoto Limited, YADEA Technology Group Co., Ltd., and, Okai are some of the key players operating in the global electronic kick bike market.
Several major organizations have expanded their electric kick scooters sharing services to new areas and geographies. For instance, in July 2021, Ola Electric announced the completion of a manufacturing facility in India. The 500 acres is expected to start production of e-scooters soon. The factory, which employs over 3000 AI-driven robots, can produce scooters in under two seconds on average and has up to ten production lines. The plant is also expected to have a 10 Billion annual production capacity.
Polaris Market Research has segmented the electric kick scooters market report on the basis of battery, voltage, and region:
Electric Kick Scooters, Battery Outlook (Revenue – USD Billion, 2016 – 2028)
- Sealed Lead Acid (SLA)
- Lithium-Ion (Li-Ion)
- Nickel Metal Hydride (NiMH)
Electric Kick Scooters, Voltage Outlook (Revenue – USD Billion, 2016 – 2028)
- Below 24V
- Greater than 48V
Electric Kick Scooters, Regional Outlook (Revenue – USD Billion, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa