Global Kick Scooter Market Expected To Grow At A CAGR Of 26.3% During The Forecast Period

The latest market report published by Brisk Insights “Kick Scooter Market: Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the Kick Scooter market was valued at US$ 470.5 Mn in 2018 and expected to grow at a CAGR of 26.3% during the forecast period from 2019 to 2027.

Market Insights

Increasing health consciousness among people worldwide will enhance the demand for Kick Scooter Market

Rising health concerns among people worldwide and rising urban road congestion globally will enhance the demand for kick scooter market throughout the forecast period from 2019-2027. Increased demand for first & last-mile transportation and the growing adoption of kick scooters among millennia’s are the major market drivers. In 2018, North America was dominant in the global kick scooter market backed by Europe and Asia Pacific.

Kick scooters have various benefits such as help in burning calories, healthy movement, fasted sessions, safe & easy, timesaving in traffic and others. Rising obesity & overweight disease globally and increased traffic congestion worldwide are some other factors driving the market growth. According to the WHO report published in February 2018, there are over 1.9 Bn adults, 41 Mn children under the age of 5 and more than 340 Mn teenagers & children aged between 5-19 years were found caused with obesity and overweight in 2016. Hence, to overcome obesity and traffic congestion, consumer’s inclination towards kick scooters is growing which will help the market to grow.

Major manufacturers are focusing on launching new and advanced featured such as electric kick scooters with different riding modes. New product launch, acquisitions & mergers, and collaborations to increase their market presence and market share will be the key strategies adopted by the market players.

Industrial Developments

• In November 2018, Unagi Scooter launched a new electric kick scooter. The kick scooter was manufactured with magnesium, carbon fiber, aluminum & silicon for better performance. It comes in two models, digital display, and with three riding modes beginner, intermediate and advanced.

Key Market Movements:

• Worldwide, the kick scooter market is increasing at a CAGR of 26.3% for the projected period from 2019 to 2027
• North America has the largest share in global kick scooter market in 2018. North America dominates the market owing to growing traffic congestion, rising obesity & overweight among adults and the presence of major market players such as Razor LLC, Xootr LLC, Fuzion Scooter, and others in the region.
• Europe and Asia Pacific expected to show the fastest growth during the forecast period. Rising health consciousness and increased adoption of kick scooters among millennia’s will drive the market in Europe and Asia Pacific. Growing traffic congestion on roads will also boost the market demand in Europe and Asia Pacific during the forecast period.
• Based on the wheels segment, the three-wheel segment dominates the market in 2018. The three-wheel segment has the highest share due to its features such as easy balanced & direction, safety, compact size low cost, and others.
• New product launches with advanced features, business expansion through e-commerce and mergers & acquisitions will be the major key strategies of the market players.

List of Companies Covered:

• Unagi Scooter
• Razor LLC
• Xootr LLC
• Fuzion Scooter
• Segway Inc.
• Globber Scooters
• Exooter Scooter
• Decathlon Group
• AGDA NSW
• Maxi Kickboard
• Aktivo Motors

Browse Full Report At https://www.briskinsights.com/report/kick-scooter-market

The Global Kick Scooter Market is Segmented into:

*Complete segmentation list is on report page