The Europe Electric Kick Scooters Market would witness market growth of 12.2% CAGR during the forecast period (2020-2026). The requirement for product differentiation and the advent of advanced technology are expected to support the growth of the electric kick scooters market. One of the major factors anticipated to fuel the demand for the two-wheeler is the reducing parking spaces in metro cities. In recent years, these two-wheelers have gained massive popularity in economies like Germany, France, and Spain. The increasing need to prevent traffic congestions and high demand for micro-mobility alternatives has motivated vendors to produce folding electric scooters. These two-wheelers provide flexibility with the least energy consumption and can be simply folded to the size of a suitcase.
Adoption of kick scooters for sharing services is one of the significant aspects that fuel the growth of the electric kick scooter market around the world. As compared to other kinds of vehicles utilized for shared mobility, electric kick scooters can be more hyper-localized and can be utilized to tackle the issue of last-mile connectivity. Also, as a mode of shared mobility, these vehicles are simple to operate and do not need any physical efforts. The major restraint for the growth of the kick scooter market is the low clarity on guidelines for the operation of kick scooters.
The outbreak of the COVID-19 pandemic would impact the market adversely, while the market is anticipated to register lucrative growth possibilities in the upcoming years. Stringent restrictions on transportation activities and lockdowns in the first quarter of 2020 seriously disrupted electric kick scooter retail business activities across the globe. While manufacturing and supply chain activities were seriously disrupted, the situation specifically posing a huge challenge for the dealers and manufacturers of electric kick scooters.
Based on Battery, the market is segmented into Lithium-Ion (Li-Ion), Sealed Lead Acid (SLA) and Nickel Metal Hydride (NiMH). Based on Voltage, the market is segmented into 36V, Below 24V, 48V and Greater than 48V. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Electric Kick Scooters Market in Europe is expected to register a CAGR of 12.2% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Xiaomi Corporation, Yadea Technology Group Co., Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., Golabs, Inc. (GOTRAX), Bird Rides, Inc., Swagtron (Zake IP Holdings, LLC), Segway, Inc. (Ninebot), IconBIT GmbH, Zhejiang Okai Vehicles Co., Ltd., and Govecs AG (DQuadrat Real Estate GmbH).
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