Published Date: 19-Feb-2021
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According to a new report Global Electric Kick Scooters Market, published by KBV research, The Global Electric Kick Scooters Market size is expected to reach $4.9 billion by 2026, rising at a market growth of 12.3% CAGR during the forecast period.
The Lithium-Ion (Li-Ion) market dominated the North America Electric Kick Scooters Market by Battery in 2019. Consistent advancements in battery technology have assisted in enhancing the storage capacity and decrease the overall price of Li-Ion batteries, making them an ideal choice for mobile, low-priced devices like kick scooters. Moreover, superior battery discharge cycles, high current density, a long usable lifespan, and excellent thermal stability work are anticipated to encourage the growth of the segment. Further, Li-Ion batteries with digital battery management provide faster charging time and longer battery lifecycle in comparison to sealed lead-acid batteries.
The 36V procured the highest revenue share in 2019. 36V batteries have gained considerable traction due to their capacity, which increases the driving range of E-scooter. 36V batteries use NiMH or Li-ion technology as this voltage range requires a compact design and increased charging time. Apart from design and charge time requirements, Li-ion batteries are eco-friendly as compared to sealed lead-acid batteries.
The Asia Pacific market dominated the Global Electric Kick Scooters Market by Region in 2019. North America market is anticipated to grow as the most promising regional market because of the increasing demand for eco-friendly travel alternatives and fast-developing charging infrastructure. A slow transition towards electric kick scooters for short-distance commuting will increase product adoption over the forthcoming years. Apart from consumer awareness and adoption, the requirement to decrease carbon footprint, through steps like substituting the existing fleet of a scooter with their electric counterparts, is expected to boost the market growth during the forecast period.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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