Electric kick scooters are transportation devices that build upon traditional manual skateboards by integrating electric power systems. Their control mechanisms are similar to those of traditional electric bicycles, making them easy for riders to learn. Compared to traditional electric bicycles, electric kick scooters feature a simpler structure, smaller wheels, and are lightweight and convenient, leading to significant savings in societal resources.

Current Status of the Global Electric Kick Scooter Market

In 2020, the global electric kick scooter market was valued at $1.215 billion. It is projected to reach $3.341 billion by 2027, with a compound annual growth rate (CAGR) of 14.99% from 2021 to 2027. These forecasts are based on historical developments over the past few years, insights from industry experts, and analyses conducted by the authors.

In 2020, the global production of electric kick scooters was 4.25 million units. This figure is expected to grow to 10.01 million units by 2027, representing a CAGR of 12.35% from 2021 to 2027. The total global output value reached $1.215 billion in 2020. Within this, China's production amounted to 3.64 million units, accounting for 85.52% of the global total. North America produced 530,000 units, representing 12.5% of the global output. The electric kick scooter industry continues to maintain a robust growth trajectory with coordinated development. Most European, American, and Japanese markets import electric kick scooters from China.

The technological barriers in China's electric kick scooter industry are relatively low, with manufacturing enterprises evolving from electric bicycle and motorcycle manufacturers.

Market Applications and Trends

Electric kick scooters primarily serve as daily transportation tools for the general public. As a mode of transport, they are convenient, cost-effective, and help alleviate urban traffic congestion, thereby improving the quality of life for low-income groups.

In the electric kick scooter sector, market competition is orderly, with companies driving development through technology and innovation. As disposable income in rural and township areas increases, the demand for electric kick scooters remains strong. The entry barriers for electric kick scooter manufacturing enterprises are low. However, factors such as energy costs, transportation expenses, labor costs, and depreciation of production equipment influence production costs. Therefore, enterprises with outdated technology, weaker financial strength, and lower management levels are gradually being eliminated in the intense market competition. Enterprises with independent research and development capabilities will further enhance their competitiveness and expand their market share. Consequently, companies in the electric kick scooter industry should focus on technological innovation, equipment upgrades, and process improvements to enhance product quality and promote their own brands.

Global Market Trends and Projections

The global electric kick scooter market is expected to experience significant growth in the coming years. According to a report by Wise Guy Reports, the market size is estimated to reach $42.38 billion in 2023 and is projected to grow to $152.1 billion by 2032, with a CAGR of 15.25% from 2024 to 2032. This growth is driven by factors such as rapid urbanization, increasing environmental concerns, and the demand for sustainable transportation solutions. The convenience, affordability, and environmental benefits of electric kick scooters make them an attractive option for commuters seeking alternatives to public transportation or personal vehicles. citeturn0search0

Additionally, the Data Bridge Market Research report indicates that the market is projected to reach $5.47213 billion by 2028, with a CAGR of 10.10% from 2021 to 2028. This growth is influenced by the increasing popularity of shared services, advancements in solar-powered electric vehicle production technologies, and the recognition of the environmental advantages of electric kick scooters. citeturn0search1

Conclusion

The global electric kick scooter industry is poised for substantial growth, driven by technological advancements, environmental considerations, and evolving consumer preferences. Manufacturers are encouraged to invest in innovation and quality enhancement to capitalize on emerging market opportunities and meet the growing demand for sustainable urban transportation solutions.