Kick Scooter Market Growth Demand, Opportunities & Forecast To 2030

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2022
Kick Scooter Market Competitive Landscape,
Insights by Geography, and Growth Opportunity
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The increasing adoption of kick scooters in kick
scooter sharing services is fueling their sales
across the world. As compared to the other types
of vehicles used by shared mobility service
providers, electric kick scooters can be easily
leveraged for solving the issue of last-mile
connectivity and they can also be
hyper-localized. Moreover, these vehicles are
highly compact, easy to operate, and do not need
any physical exertion, which further boost their
popularity among shared mobility service
providers. Additionally, many companies have
started providing their scooter sharing services
in different locations, which has also propelled
the growth of the kick scooter market. For
example, Sharing Muving SL, which is a Spanish
electric scooter sharing company, announced in
2018 that it has started offering its service in
Atlanta, the U.S. Furthermore, Neutron Holdings
Inc., which operates under the name LimeBike,
launched dockless electric kick scooters and
bikes for sharing in many cities in the U.S. in
2017.
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Apart from the surging adoption of kick scooters
in shared mobility services, the burgeoning
requirement for last-mile transportation is also
fueling the demand for kick scooters.
Additionally, with the escalating air pollution
levels and rapid deterioration of the
environment, many governments are encouraging the
adoption of micromobility solutions such as kick
scooters. Moreover, these vehicles assist in
mitigating the surging road congestion levels,
which are majorly responsible for long traffic
jams in many countries. For instance, in the
U.S., cars that are used for short-distance
traveling (less than 3 miles) account for around
45 of the traffic on the roads. Lithium-ion
(li-ion) and lead-acid batteries are the two most
widely used types of batteries in kick scooters.
Between these, the demand for kick scooters
equipped with li-ion batteries is predicted to
rise rapidly in the coming years. This is
credited to the various advantages of these
batteries over the lead-acid batteries such as
their greater energy density, lower weight, and
ability to hold charge for a long period of time.
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ick-scooter-market/report-sample
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Furthermore, the declining prices of these
batteries are also boosting their sales across
the world. Geographically, the demand for kick
scooters is currently the highest in the
Asia-Pacific (APAC) region, as per the
observations of PS Intelligence, a market
research company based in India. This is
attributed to the large-scale deployment of these
scooters in China. The existence of many major
electric kick scooter manufacturing companies,
rapidly developing electric vehicle value chain,
implementation of favorable government policies,
availability of affordable batteries, and the
presence of a large customer pool are the main
factors propelling the sales of these vehicles in
the country. Hence, the demand for kick
scooters will surge sharply in the upcoming
years, primarily because of their soaring
adoption in shared mobility fleets, growing
popularity of micromobility solutions, owing to
the increasing road congestion levels, rising
requirement for better last-mile connectivity,
and falling prices of lithium-ion batteries all
over the world. Browse More Reports Low Speed
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This study covers 1. Historical and the present
size of the Kick Scooter Market 2. Future
potential of the market through its forecast for
the period 2020 2030 3. Historical and the
present size of the market segments and
understand their comparative future
potential 4. Potential of on-demand logistics
services, so the market players make informed
decisions on the sales of their
offerings 5. Competitive scenario of various
market segments across key countries in several
regions for uncovering market opportunities for
the stakeholders 6. Major players operating in
the market and their service offerings
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