Kick Scooter Market

Kick Scooter Market Study by Electric and Non-Electric for Personal and Rental Use from 2023 to 2033

Analysis of Kick Scooter Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Kick Scooter Market Outlook (2023 to 2033)

Considering the weight of kick scooters they tend to be lighter than bikes. These have an advantage over bikes as they fit into small lanes and are extremely versatile. Furthermore, a scooter is comparatively easier to maneuver for work communique.

According to a current analysis, the market will expand at a favorable rate between 2021 and 2031. Due to increased public awareness of environmentally friendly transportation, expanding infrastructure in developed and developing nations, and rising health consciousness among the populace, demand will experience a rapid rise.

Some of the major factors affecting the global sales of these scooters are the high cost of fuel in many nations and the convenience of short commutes in heavy traffic.

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Competitive landscape highlights only certain players
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What are the drivers of market demand?

Consumers are choosing hassle-free modes of transportation in major cities like the US, China, and Germany in order to lessen their carbon impact. To increase sales of these vehicles, many manufacturers are releasing brand-new, high-tech scooter models.

One of the things affecting these scooters' sales is how well-liked they are among children. Also, there has been a surge in the use of these scooters by adults, likely as a result of growing health consciousness and their cheaper price.

The first season of the eSkootr Championship (eSC), an electric scooter racing series, began in 2022. Around the world, races are held in a number of city centers.

Automotive Industry is likely to recover post-pandemic posing a good picture for this market

The COVID-19 pandemic and automotive industry shortages have resulted in lower demand and production halts for the worldwide automobile sector since 2020. Almost 11.3 million vehicles were removed from production globally in 2021 as a result of the chip shortage, and predictions predict that seven more million vehicles will be removed from production in 2022 as a result of supply chain disruptions in the automotive industry.

Many manufacturers in the world import manufacturing components from china which also led to manufacturing disruptions in Europe as export of components was restricted due to the lockdown.

Governments of many countries like US, China, Germany are encouraging the OEMs to increase the manufacturing of these scooters due to strict emission regulation norms to lower the carbon emissions in the environment. This factor is likely to promote the growth of the market in the forecast period.

Region Wise Insights

The US is one of the largest growing markets globally. The two and three-wheeled scooter market is forecasted to increase in the coming years in the US market as a cost-efficient modern transportation alternative for users.

The automotive industry has experienced a decline in sales during COVID-19 due to shut down of manufacturing facilities all over the world. Also, limited parts supply and reduced workforce also led to further decline of the industry. The market is slowly recovering as business restrictions have been uplifted in many parts of the world.

Kick Scooters are becoming highly popular in North America as these vehicles are easy to use and highly affordable in the region. North American region has many big manufacturers of two & three-wheeled scooters like Razor USA LLC which is increasing the overall market share of the region for the market.

These scooters are available for kids as well as for adults in different colors and specifications. They are compact, easily foldable, and used for leisure purposes which is a driving factor for the market. Manufacturers are also leveraging the popularity of E-commerce websites to increase the sales of scooters in the region.

Nine billion Russian rubles were made in the kick scooter rental business in 2021. The amount was predicted to rise over the ensuing years and close in on 100 billion Russian rubles by 2026.

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Europe demand outlook

Many countries in the Europe region have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities but the market is slowly recovering in 2021.

The shutdown of production facilities in Europe affected millions of jobs as well during the pandemic. The demand for rental options has increased in European cities like Germany and France which is speeding up the market in the forecast period.

Manufacturers in Europe have introduced a different variety of models with new designs, the latest technology, safety, and a great level of comfort. They provide scooters with different colors along with larger wheels and adjustable handlebars which makes them easy to use. These factors are enhancing the demand in the region in the forecast period.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Segmentation

  • By Product Type :

    • Electric
    • Non- Electric
  • By Wheels :

    • Two Wheeled
    • Three Wheeled
    • Four Wheeled
  • By End Use :

    • Personal
    • Rental
  • By Region :

    • North America
      • US
      • Canada
    • Latin America
      • Brazil
      • Mexico
    • Europe
      • Germany
      • Italy
      • France
      • U.K.
      • Spain
      • BENELUX
      • Russia
      • Nordics
    • South Asia Pacific
      • India
      • ASEAN countries
      • Oceania
    • East Asia
      • China
      • Japan
      • South Korea
    • Middle East & Africa
      • GCC
      • Turkey
      • South Africa
      • North Africa

- FAQs -

At what percentage will the market expansion be during the 2023-2033 period of assessment?

From 2023 to 2033, the market and entire industry are poised to flourish at a 9% CAGR.

Which region will spearhead the growth in the market?

Asia-Pacific is expected to have the greatest market share in the world.

Which country will generate the maximum profit in the market?

China will generate maximum profit in the market owing to growth in mobility options.