The Global Kick Scooter Market was $567.2 Mn in 2020, and it is expected to reach $3985.5 Mn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 21.5% between 2020-2030. However the current pandemic COVID-19 may make a slight difference in the growth rate in the present year. The Global Kick Scooter Market is mainly driven by the increase in the urban road congestion along with the rise in First and Last Mile transportation services. These factors will help to accelerate the growth of the market during the forecasted period.
Kick scooter is one of the most preferred equipment for exercising after cycling. Rising traffic congestion, increased fuel rates, global warming concerns and health issues due to non-movement of body are the major reasons attributing towards the market growth. North America is a frontrunner in case of adult kick scooters demand in 2020 with a share of more than 44.5%. In Asian countries, such as South Korea, Japan and China kick scooter market has shown a great surge. People are buying kick scooters from lower to higher range depends on their usage. In addition to general kick scooters, companies have introduced electric kick scooters too for little longer distances. Even most of the universities or companies who have a very big campus, people are utilizing these kick scooters rather than cycle or any other vehicles. At present market is in between consolidated and fragmentation and seems to have moderate competition. As most of the kick scooter manufacturing is done in China, therefore market poses challenge due to stringent relations between China and major economies presently, but this is expected to normalize in coming years.
Global Kick Scooter Market Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The Global Kick Scooter Market has been segmented into Product, Wheels, Application, End-User. By Product – Electric, Non-electric. By Wheels – Two-wheels, Three- wheels, four wheels. By Application – Personal, Rental. By End-User – Kids, Adults. By Geography – North America, Middle East and Africa, Europe, Asia Pacific, Latin America. Two-wheeler category is expected to witness a rapid growth along with the introduction of the technologically advanced two-wheeler scooters during the forecasted period.
By Region, North America is Holding the Major Market Share
The Global Kick Scooter Market has been geographically segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. In addition to this North America is holding the largest market share currently and is estimated to witness the high annual growth in the upcoming forecasted period this is mainly because of the rise in obesity and the overweight among the adults worldwide. Besides this Asia Pacific is also expected to witness remarkable growth during the forecasted period of 2020 to 2030.
Major Players in the Global Kick Scooter Market
Some of the key players in the Global Kick Scooter Market include Unagi Scooter, Razor LLC, Xootr LLC, Fuzion Scooter, Segway Inc., Globber Scooters, Exooter Scooter, Decathlon Group, AGDA NSW, Maxi Kickboard, Aktivo Motors.
The Global Kick Scooter Market Has Been Segmented Into:
Global Kick Scooter Market, By Product Type
Global Kick Scooter Market, By Wheels Type
Global Kick Scooter Market, By Application Type
Global Kick Scooter Market, By End – User Type
Global Kick Scooter Market, By Geography
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