Electric Kick Scooters Market Size Worth $5.2 Billion By 2028

As per the published report, the global electric kick scooters market size is estimated to arrive at USD 5.2 billion by 2028. It is projected to develop by 10.3% CAGR from 2021 to 2028.

The enlargement of the market for electric kick scooters is accredited to the rising global infiltration of lucrative electric scooter allotment services. The necessity for the initiation of sophisticated machinery, along with the segregation of the product, is expected to support the enlargement of the market. The reduction in parking places, particularly in the metropolitan cities, is one of the important reason, estimated to increase insist for electric kick scooters.

These electric kick scooters have achieved importance in some nations for example, Spain, Germany, France and the U.S., during current times. The increasing necessity to avert the traffic jamming and augmented need for the micro-mobility alternative, has given confidence to the companies, to make electric scooters with folding feature, which can be effortlessly folded to the suitcase dimension.

The growing discharge of the green house gases has given rise to fight against atmospheric changes. This battle has raised the importance of electric vehicles. By way of accepting ecological as well as sustainable mode of the transport, some nations are on track to decrease the vehicular discharges of harmful gases and fight with the climatic changes.

The projects taken by the governments, to control the release of CO2 gas and the funding done for the clean energy is, moreover, estimated to increase the requirement for electric kick scooters, during the forecast period.
D
uring the subsequent time, North America is projected to be the speedily developing local market for electric kick scooters. The U.S. is expected to appear like the first acceptor of the electric scooters because of the greater penetration of the technology, along with the advanced charging infrastructure for the electric vehicles.

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Further key findings from the report suggest:

• Asia Pacific is expected to form the mainstream share of the global electric kick scooters market and is anticipated to arrive at USD 3.5 billion by 2028

• In 2020, the Lithium-Ion (Li-Ion) sector led the market and is projected to attain USD 3.4 billion by 2028

• The 36V section directed the market in 2020 and is estimated to make USD 2.9 billion by 2028

Million Insights segmented the global electric kick scooters market based on Voltage, Battery, and Region.

Electric Kick Scooters Battery Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)
    • Sealed Lead Acid (SLA)
    • Nickel Metal Hydride (NiMH)
    • Lithium-Ion (Li-Ion)

Electric Kick Scooters Voltage Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)
    • Below 24V
    • 36V
    • 48V
    • Greater than 48V

Electric Kick Scooters Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
        • France
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East and Africa

Companies

Various companies for electric kick scooters market are:
    • iconBIT GmbH
    • SEGWAY INC.
    • Bird Rides, Inc.
    • Jiangsu Xinri E-Vehicle Co. Ltd.
    • Xiaomi
    • SWAGTRON
    • YADEA Technology Group Co., Ltd.