The global Electric Kick Scooter market was valued at USD 5.7 billion in 2023 and is projected to reach USD 18.7 billion by 2032, expanding at a CAGR of 13.4% during 2024–2032. The market grew 14.2% year-over-year in 2023, supported by a 22.5% rise in urban micromobility adoption, a 17.8% increase in last-mile delivery services, and growing government investments in sustainable transportation infrastructure.
Year-over-Year Market Growth
The Electric Kick Scooter market has experienced significant annual growth over the past five years. In 2023, revenue increased 14.2% YoY, up from 12.1% in 2022 and 10.6% in 2021. Global unit shipments reached 9.6 million in 2023, compared to 8.4 million in 2022, reflecting a 14.3% increase. Average selling prices rose 3.7% due to battery cost inflation.
Battery-powered scooters accounted for 78% of total revenue in 2023, growing 15.8% YoY, while hybrid and foldable models captured 15% and 7%, respectively. IoT-enabled scooters for app-based rentals expanded 22% YoY, representing 34% of shared scooter fleets worldwide.
Historical Market Data (2015–2023)
The Electric Kick Scooter market has grown rapidly over the past eight years:
- 2015: USD 0.9 billion
- 2016: USD 1.1 billion (+22.2%)
- 2017: USD 1.4 billion (+27.3%)
- 2018: USD 1.8 billion (+28.6%)
- 2019: USD 2.3 billion (+27.8%)
- 2020: USD 3.0 billion (+30.4%)
- 2021: USD 3.8 billion (+26.7%)
- 2022: USD 5.0 billion (+31.6%)
- 2023: USD 5.7 billion (+14.2%)
The slowdown in 2023 growth compared to 2022 was linked to supply chain constraints and rising lithium-ion battery costs, though overall adoption continued to increase.
Regional Market Insights
Asia-Pacific dominated with a 41% market share, generating USD 2.34 billion in 2023. China alone contributed 65% of the region’s revenue, while India and Japan accounted for 21% and 14%, respectively. North America captured 28% (USD 1.6 billion), with the U.S. market expanding 12.5% YoY. Europe held 25% (USD 1.43 billion), with Germany, France, and the UK representing 72% of regional revenue. Latin America and MEA combined for 6% of total revenue.
Product Segmentation and Technology Trends
The Electric Kick Scooter market is segmented by type:
- Battery-powered scooters: 78% share, USD 4.45 billion
- Hybrid scooters: 15% share, USD 855 million
- Foldable and portable scooters: 7% share, USD 400 million
Battery-powered scooters grew 15.8% YoY in 2023 due to improved lithium-ion efficiency and a 25–30% reduction in charging times. Shared electric scooters grew 22% YoY in fleet deployments, driven by urban micro-mobility programs in 350+ cities globally.
Industry Statistics and Competitive Landscape
The market is moderately consolidated, with the top 10 manufacturers accounting for 60% of global revenue. Key players reported revenue growth ranging from 11% to 19% in 2023. Global production volumes reached 9.6 million units in 2023, up from 8.4 million in 2022. Asia-Pacific accounted for 48% of total production, followed by Europe at 27% and North America at 23%.
Average selling prices increased by 3.7% YoY due to a 12% rise in lithium-ion battery costs and a 9% rise in electric motor prices.
Government Initiatives and Infrastructure Investment
Government initiatives are accelerating adoption. Over 60 countries have introduced subsidies or tax breaks for electric scooters, while urban micromobility infrastructure investment reached USD 2.4 billion in 2023. In Europe, the EU invested EUR 650 million in e-mobility projects, while the U.S. allocated USD 470 million for electric mobility grants, promoting adoption in smart cities.
Future Market Projections (2024–2032)
The Electric Kick Scooter market is forecasted as follows:
- 2024: USD 6.5 billion
- 2025: USD 7.5 billion (+15.4%)
- 2026: USD 8.6 billion (+14.7%)
- 2027: USD 9.7 billion (+12.8%)
- 2028: USD 11.1 billion (+14.4%)
- 2029: USD 12.6 billion (+13.5%)
- 2030: USD 15.3 billion (+21.4%)
- 2032: USD 18.7 billion
Battery-powered scooters are projected to hold 80% of revenue by 2032, while hybrid and foldable models will comprise 15% and 5%, respectively. Shared scooter fleets are expected to grow 18% CAGR, reaching 4.2 million units globally.
Key Drivers and Challenges
Key market drivers include:
- 22.5% increase in urban micro-mobility adoption
- 17.8% growth in last-mile delivery services
- 12.5% YoY adoption of app-based scooter rentals
Challenges include:
- High battery replacement costs, affecting 9% of personal scooter users
- Limited charging infrastructure in smaller cities (26% coverage)
- Regulatory restrictions in 15+ countries impacting fleet operations
Conclusion: Data-Driven Market Outlook
The Electric Kick Scooter market is projected to grow from USD 5.7 billion in 2023 to USD 18.7 billion by 2032, reflecting a CAGR of 13.4%. With over 9.6 million units produced annually and rising adoption of battery-powered and IoT-enabled models, the market is poised for sustained expansion.
Asia-Pacific leads in growth, while North America dominates revenue generation. By 2032, battery-powered scooters will account for 80% of market revenue, emphasizing the shift toward sustainable and smart urban mobility solutions.
Read Full Research Study: https://marketintelo.com/report/electric-kick-scooter-market
