Electric Kick Scooter Market Size

Electric Kick Scooter Market Size

Electric Kick Scooter Market size was valued at USD 2.9 billion in 2023 and is estimated to register a CAGR of over 10% between 2024 and 2032, propelled by increasing acquisitions among leading companies. As major players vie for dominance, acquisitions serve as strategic move to expand product offerings, accessing new technologies, and penetrating emerging markets.

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For instance, in September 2023, Bird Global, a U.S.-based company, acquired the e-bike and e-scooter rental firm Spin for USD19 million. Spin was previously owned by the Berlin-based micro-mobility provider Tier Mobility. Bird claims that the acquisition has positioned it as the largest micro mobility operator in North America.
 

Acquisitions allow companies to diversify their portfolios by integrating innovative features, such as longer battery life, enhanced safety mechanisms, and smart connectivity. Furthermore, consolidations enable economies of scale in manufacturing and distribution for facilitating cost efficiencies and competitive pricing. This trend of acquisitions not only intensifies competition but also accelerates innovation, ultimately benefiting consumers with a wider range of high-quality electric kick scooters tailored to meet their evolving needs and preferences.
 

The proliferation of ride-sharing and micro-mobility services is also fueling the demand for electric kick scooters. Companies offering scooter-sharing programs provide users with on-demand access to electric scooters, allowing them to conveniently travel short distances without the hassle of owning a personal vehicle. This accessibility and convenience appeal to a wide range of consumers, including commuters, tourists, and students, further driving the adoption of electric kick scooters as a popular transportation option among ride-sharing service providers.
 

While the market is experiencing rapid growth, it faces several restraints. Safety concern is a significant barrier, as accidents and injuries related to scooter usage are raising liability issues and public skepticism. Regulatory challenges are also hindering the market expansion, with many cities implementing restrictions on scooter use, including speed limits and designated riding areas. Moreover, infrastructure limitations, such as inadequate charging stations and parking facilities are posing logistical challenges for users and service providers alike.
 

The lifespan and durability of electric scooters also remains a challenge, as frequent maintenance and repair requirements can deter potential buyers. Addressing these restraints through improved safety measures, regulatory frameworks, infrastructure development, and product durability will be crucial for sustaining the industry growth.