The global electric kick scooter market is poised for significant growth, with its valuation projected to rise from $2.10 billion in 2020 to $4.52 billion by 2028, according to a recent report by Allied Market Research. The market is anticipated to grow at a robust CAGR of 12.2% from 2021 to 2028, fueled by rising demand for micro-mobility solutions, environmental concerns, and government regulations favoring electric transport.
Europe emerged as the dominant revenue contributor in 2020 and is expected to maintain its lead throughout the forecast period, driven by strict emission norms and rising adoption of electric vehicles. Asia-Pacific and North America follow closely, with growing urban congestion and eco-conscious commuting trends spurring demand for compact, battery-powered mobility solutions.
Electric kick scooters, known for being lightweight, portable, and battery-powered, have found widespread appeal among all age groups. Their increasing use in urban centers is supported by the rise of shared mobility platforms such as Bird, Lime, and Jump, which offer app-based rentals for short-distance travel.
Key Drivers:
- Surge in shared e-mobility services
- Increasing awareness of environmental benefits
- Supportive government policies promoting green transportation
- Technological innovations in battery and scooter design
However, the market faces hurdles such as high manufacturing and maintenance costs, and regulatory bans on scooter usage in certain cities due to safety concerns.
COVID-19 Impact:
The pandemic played a pivotal role in shifting consumer preferences toward individual mobility options. As people avoided crowded public transport, electric kick scooters became a preferred alternative for safe and contactless commuting.
Key Insights from the Report:
- Battery Segment: ‘Others’ category expected to witness fastest growth
- Voltage Segment: 25V to 50V segment leads revenue contribution
- Top Players: Xiaomi, Ninebot (Segway), Razor, NIU International, GOVECS AG, YADEA, and others
The report highlights the growing opportunities in R&D for advanced batteries and smart connectivity features that are likely to shape the future of e-scooters.
