reached a value of US$ 2.77 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.43 Billion by 2027, exhibiting a CAGR of 11.21% during 2022-2027.
Base Year: 2021
Forecast Year: 2022-2027
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
An electric kick scooter is a lightweight motorized vehicle powered by an integrated electric motor or rechargeable battery. It is portable, versatile, durable, cost-effective, and environment-friendly compared to other modes of transportation. Presently, electric kick scooter is gaining immense traction worldwide as it enables users to avoid traffic jams and commute short distances easily.
The escalating demand for fuel-efficient, cost-effective, and environment-friendly commute options is positively influencing the sales of electric kick scooters worldwide. Additionally, inflating disposable incomes and the rising awareness among individuals about the greenhouse gas (GHG) emissions from fuel-operated automobiles are contributing to the market growth. Besides this, governments of various countries are encouraging the uptake of electric scooters, which is propelling the market growth. Furthermore, increasing investments by leading players in research and development (R&D) activities to introduce high-performance scooters with low maintenance costs are projected to drive the market.
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Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being AKTIVO Scoot, Globber, GOVECS AG, Hiboy, IconBIT GmbH, Jetsons, Micro Mobility Systems AG, Niu Technologies, Razor USA LLC, Segway Inc., Swagtron, Yadea Technology Group Co. Ltd. and Xiaomi Inc.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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