{"id":591410,"date":"2022-03-16T05:12:01","date_gmt":"2022-03-16T05:12:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=591410"},"modified":"2022-03-16T05:12:01","modified_gmt":"2022-03-16T05:12:01","slug":"electric-kick-scooters-market-2022-size-growth-opportunities-leading-company-analysis-share-trends-regional-overview-and-forecast-to-2028-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/electric-kick-scooters-market-2022-size-growth-opportunities-leading-company-analysis-share-trends-regional-overview-and-forecast-to-2028-grand-view-research-inc_591410.html","title":{"rendered":"Electric Kick Scooters Market 2022 Size, Growth, Opportunities, Leading Company Analysis, Share, Trends, Regional Overview, and Forecast To 2028 | Grand View Research, Inc."},"content":{"rendered":"
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\u201cGrand View Research, Inc. \u2013 Market Research And Consulting.\u201d<\/div>\n<\/div>\n<\/div>\n
According to a new report published by Grand View Research, Kick scooters have emerged as a cost-effective urban commute option in recent times. This is attributed to the sleek design and the ease of use they offer. Rapid developments in the electric scooter sharing industry are also expected to generate growth opportunities for the kick scooters market over the forecast period.<\/div>\n

The global electric kick scooters market<\/a> size is expected to reach USD 5.2 billion by 2028<\/strong>, according to a study conducted by Grand View Research, Inc.<\/strong> The market is expected to expand at a CAGR of 10.3% from 2021 to 2028<\/strong>. The growth of the market is attributed to the increasing penetration of cost-effective electric scooter sharing services across the globe.<\/p>\n

While the market is expected to witness promising growth opportunities in the long run, the COVID-19 pandemic is likely to negatively impact the market. Strict restrictions on transportation activities and lockdowns in the first half of 2020 paralyzed electric kick scooter retail business activities across the globe. While manufacturing and supply chain activities were severely disrupted, the situation was particularly challenging for the manufacturers and dealers of electric kick scooters. In the near future, however, the fear of public transportation could motivate consumers to seek alternate modes of transportation, thereby driving the market. The pandemic is expected to be an accelerator for the transition to sustainable mobility.<\/p>\n

The need for product differentiation and the introduction of next-generation technology<\/strong> is anticipated to favor market growth. One of the key factors expected to boost demand for the two-wheeler is the shrinking parking spaces in metro cities. In recent times, these two-wheelers have gained prominence in countries such as the U.S., Germany, France, and Spain. The growing need to avoid traffic congestions and increased demand for micro-mobility options have encouraged vendors to manufacture folding electric scooters. These two-wheelers offer flexibility with minimum energy consumption and can be easily folded to the size of a suitcase.<\/p>\n

An increase in greenhouse gas emissions has resulted in initiatives to combat climate change with hopes pinned on e-mobility. Several countries globally have started enacting climate change action plans to reduce vehicular emissions by adopting sustainable and eco-friendly transportation options. Furthermore, investments in clean energy and initiatives that are taken by governments to curb CO2 emissions are expected to boost the demand for electric scooters over the coming years.<\/p>\n

North America is expected to be the fastest-growing regional market over the next few years. The U.S. is anticipated to emerge as an early adopter of e-scooters due to high technology penetration and developed e-charging infrastructure.<\/p>\n

Browse full report with Table of Content @<\/strong> https:\/\/www.grandviewresearch.com\/industry-analysis\/electric-kick-scooters-market<\/a><\/p>\n

Electric Kick Scooters Market Report Highlights<\/strong><\/p>\n