# Electric Kick Scooter Market is Projected to Reach $6.5 billion by 2031, And estimated to grow at 11.5% CAGR between 2021 and 2031
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-03-02
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Electric Kick Scooter Market Growth Forecast 2021-2031
Meta Description: Discover the latest trends and future projections for the electric kick scooter market, including key players and growth opportunities. Request a sample report
URL: https://financedigest.com/electric-kick-scooter-market-is-projected-to-reach-6-5-billion-by-2031-and-estimated-to-grow-at-11-5-cagr-between-2021-and-2031html

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**Electric Kick Scooter Market Snapshot**

The electric kick scooter market will register soaring growth in 2021 with global revenue projected to be up by **9.8%** year over year. As per Future Market Insights analysis, electric kick scooter sales will nearly triple between 2021 and 2031, reaching [**US$ 6.5 billion** <span](https://www.financedigest.com/ai-in-drug-discovery-market-to-reach-us-10-93-billion-by-2031-with-cagr-of-36-1-transparency-market-research.html " AI in Drug Discovery Market to Reach US$ 10.93 Billion By 2031 With CAGR of 36.1% | Transparency Market Research") style=”font-weight: 400;”> in 2031 at a ten-year compound annual growth rate (CAGR) of **11.5%**.

Some of the leading companies manufacturing electric kick scooters are Xiaomi Corporation, Bird Rides Inc., Niu International, Spin, YADEA Technology Group Inc. and others. As per [Future Market Insights](https://www.financedigest.com/flat-glass-market-is-projected-to-accelerate-at-a-cagr-of-5-2-to-top-us-8-8-billion-by-2032-future-market-insights-inc.html "Flat Glass Market is Projected to Accelerate at a CAGR of 5.2% to top US$ 8.8 Billion by 2032 | Future Market Insights, Inc."), over **30.5%** of the market is currently covered by the top 10 players.

The introduction of advanced electric kick scooters with innovative technology and long-lasting [batteries is expected to propel demand for electric kick scooters in the coming years](https://www.financedigest.com/battery-swapping-charging-infrastructure-market-to-be-worth-us-1359-43-million-by-year-2033-at-a-cagr-of-21.html "Battery Swapping Charging Infrastructure Market to be worth US$ 1359.43 Million by year 2033 at a CAGR of 21%"). As per a recent report by Future Market Insights, [electric kick scooter market](https://www.futuremarketinsights.com/reports/electric-kick-scooter-market) is set to be valued at US$ 2,215.7 Mn in 2021.

The increase in the demand for sustainable transportation options is expected to propel electric kick scooters sales. Key manufacturers are focusing on providing high quality [electric kick scooters and are expected to invest](https://www.financedigest.com/stellantis-to-invest-130-million-euros-in-german-plant-for-new-opel-electric-car.html "Stellantis to invest 130 million euros in German plant for new Opel electric car") in new technologies in order to stay ahead of the competition.

The [rise in the number of electric kick scooter sharing](https://www.financedigest.com/u-s-mid-tier-lenders-shares-rise-in-frankfurt-after-svb-deal.html "U.S. mid-tier lenders shares rise in Frankfurt after SVB deal") services is expected to drive demand in the market in the foreseeable future. Governments are introducing regulations to encourage the adoption of electric kick scooters.

These vehicles can help reduce traffic congestion and are also [considered a viable option](https://www.financedigest.com/3-options-to-consider-when-you-owe-the-irs-back-taxes.html "3 Options to Consider When You Owe The IRS Back Taxes") for cost-effective commuting. Sharing and rental companies are entering into mergers and acquisitions in order to expand their reach.

The global automotive industry suffered a major [slump in production](https://www.financedigest.com/roche-flags-2023-earnings-decline-on-slump-in-covid-products.html "Roche flags 2023 earnings decline on slump in COVID products") and sales in 2020 due to pandemic. However, the market is slowly recovering as the manufacturing facilities have resumed production through 2021.

According to FMI’s research, the global electric kick scooter [market is projected](https://www.financedigest.com/reverse-logistics-market-is-projected-to-have-a-cagr-of-12-through-2032-future-market-insights-inc.html "Reverse Logistics Market is projected to have a CAGR of 12% through 2032 | Future Market Insights, Inc.") to exhibit impressive growth during the tenure of 2021 to 2031.

**Key Takeaways from Market Study**

- Lithium-ion batteries are anticipated to [grow at an impressive CAGR](https://www.financedigest.com/central-lab-market-growing-at-a-cagr-of-6-and-to-target-us-4-1-billion-by-2030-transparency-market-research.html " Central Lab Market Growing at a CAGR of ~6% and to Target US$ 4.1 Billion by 2030 | Transparency Market Research"), ranging from 11.5% to 12% driven by safety and performance benefits.
- The global [electric kick scooter market](https://www.financedigest.com/new-suppliers-race-to-plug-in-to-electric-car-market.html "New suppliers race to plug in to electric car market") witnessed a slump in 2020 due to the COVID-19 pandemic, with a recorded decline of **-2.3%.**
- Sharing and rental applications hold lucrative growth opportunities and is anticipated to create an incremental $ opportunity worth **US$ 1,979.5** Mn between 2021 and 2031.
- China will hold over 77% of the East Asia market by 2031, backed by government incentives towards green transport, and a wide consumer base.
- Germany followed by France are dominant in the Europe market, with US$ 94.8 and US$ 82.4 Mn valuation respectively in 2021, owing to widespread implementation of sharing programs.

**_“Investments in research for green transport options, coupled with the increase in the number of electric kick scooter sharing companies across the globe, is expected to drive the growth through the assessment period ending in 2031,”_** says a [Future Market Insights](https://www.financedigest.com/dietary-supplements-market-is-anticipated-to-reach-a-valuation-of-us-350-96-billion-by-2032-future-market-insights-inc.html "Dietary Supplements Market is Anticipated to Reach a Valuation of US$ 350.96 Billion by 2032 | Future Market Insights Inc.") analyst.

**Competitive Landscape**

The market is largely fragmented, with key players only accounting for a little more than one-fourth of the overall market share. These players are likely to [invest in new technology developments and expansion](https://www.financedigest.com/agnellis-exor-eyes-further-healthcare-investment-for-expansion.html "Agnellis’ Exor eyes further healthcare investment for expansion") of their distribution networks to consolidate their interests.

**Some of the key players in this industry are** Micro Mobility Systems AG, YADEA Technology Group Co., Ltd., Golabs Inc. (GOTRAX), Bird Rides Inc., Razor LLC, Segway Inc., iconBIT Limited, GOVECS AG, Unagi Inc., Xootr LLC, Fuzion Scooter, Globber Scooters, Xiaomi Corporation, AKTIVO Scooter, Zhejiang Okai Vehicles Co.,Ltd., SWAGTRON, Besrey Co. Limited, Spin, VOI Technology & Niu International.

**[Electric Kick Scooter Market](https://www.financedigest.com/electric-vehicles-confront-the-leap-to-the-mass-market.html "Electric vehicles confront the leap to the mass market") by Category**

**By Product Type:**

- Two Wheeled
- Three Wheeled

**By Battery Type:**

- Lead Based
- Nickel Based
- Lithium Ion

**By Price Range:**

- Below US$ 200
- US$ 200 – 375
- US$ 375.1 – 750
- US$ 750.1 – 1,100
- Above US$ 1,100

**By Wheel Size:**

- <8’’
- 8 – 8.5’’
- 9 – 9.5’’
- 10 – 10.5’’
- >11’’

**By End Use:**

- Personal
- Rental/ Sharing
- Law Enforcement

**Direct Purchase of this Report@** [https://www.futuremarketinsights.com/checkout/13574](https://www.futuremarketinsights.com/checkout/13574)

**Key Points Covered in the Electric Kick Scooter Market Study**

- Market estimates and forecast 2016-2031
- Key drivers and restraints impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Electric Kick Scooter Market and How to Navigate
- Recommendation on Key Winning Strategies

**Top Reports Related To Automotive** [Market Insights](https://www.financedigest.com/ready-mix-concrete-market-is-set-to-reach-a-valuation-in-excess-of-usd-61-7-billion-in-2032-future-market-insights-inc.html "Ready-mix Concrete Market is Set to Reach a Valuation in Excess of USD 61.7 Billion in 2032 | Future Market Insights, Inc.")

[**Automotive Pump Market**](https://www.futuremarketinsights.com/reports/automotive-pumps-market): The automotive pump market is expected to witness a significant growth in 2021, thanks to the implementation of various carbon emission norms across various countries. A study by Future [Market Insights (FMI) on automotive pump market has forecast it to reach](https://www.financedigest.com/topical-antibiotics-market-size-to-reach-us-8-3-billion-by-2030-at-a-cagr-of-3-transparency-market-research.html " Topical Antibiotics Market Size to Reach US$ 8.3 Billion by 2030 at a CAGR of ~3% | Transparency Market Research") US$ 106.0 Mn by the end of 2031, growing at a CAGR of 6.1% over the forecast years (2021-2031).

[**Aircraft Cabin Interior Market**](https://www.futuremarketinsights.com/reports/global-aircraft-cabin-interior-market) **:** According to Future Market Insight’s (FMI), the global aircraft cabin interior market is forecast to grow at 2.70% in 2021, overcoming the uncertainty about market recovery and performance during a global pandemic. [FMI also predicts that the aircraft cabin interior market](https://www.financedigest.com/adsorbents-market-sales-to-reach-us-8-9-billion-by-2033-get-insights-fmi.html "Adsorbents Market Sales to Reach US$ 8.9 Billion by 2033 | Get Insights FMI") will exceed the overall market valuation of US$ 14.5 Bn by the end of 2021.

**About FMI**

[Future Market Insights](https://www.financedigest.com/plant-based-protein-market-is-expected-to-grow-at-a-cagr-of-around-7-2-during-2022-to-2032-future-market-insights-inc.html "Plant-Based Protein Market is expected to grow at a CAGR of around 7.2% during 2022 to 2032 | Future Market Insights Inc.") (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. [FMI’s latest market research reports and](https://www.financedigest.com/demand-for-diagnostic-tools-for-evs-to-reach-us-5-4-billion-by-2033-fmi-report.html "Demand for Diagnostic Tools for EVs to reach US$ 5.4 billion by 2033: FMI Report") industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated [market research reports deliver actionable insights](https://www.financedigest.com/wine-market-worldwide-would-reach-us-846-3-billion-by-2032-according-to-future-market-insights.html "Wine Market Worldwide Would Reach US$ 846.3 billion by 2032, According to Future Market Insights") that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

**Contact**

Mr. Debashish Roy

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United Arab Emirates

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Report: [https://www.futuremarketinsights.com/reports/electric-kick-scooter-market](https://www.futuremarketinsights.com/reports/electric-kick-scooter-market)

Press Release Source: [https://www.futuremarketinsights.com/press-release/electric-kick-scooter-market](https://www.futuremarketinsights.com/press-release/electric-kick-scooter-market)


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