Niu(NIU) GlobeNewswire News Room·2025-01-23 10:20Market Overview - The electric kick scooter market is projected to grow from US8.62 billion by 2033, with a CAGR of 9.83% during 2025-2033 [2] - Key drivers include urbanization, traffic congestion, supportive regulations, environmental awareness, and the rise of shared mobility services [2] Driving Forces Urbanization and Traffic Congestion - Urbanization is increasing globally, with 5 billion people expected to live in cities by 2030, up from 3.9 billion in 2015 [3] - Electric kick scooters offer an efficient solution for short-distance transportation, addressing traffic congestion and parking issues [3] - Governments and city planners are supporting micro-mobility solutions like e-scooters to alleviate urban transit problems [3] Sustainability and Environmental Awareness - Electric kick scooters are zero-emission vehicles, aligning with global environmental goals and carbon neutrality initiatives [4] - Consumer awareness of eco-friendly transportation options is boosting e-scooter adoption [4] - Initiatives like India's Smart Cities Mission and Streets4People Challenges are promoting green mobility solutions [4] Technological Developments - Advancements in battery life, regenerative braking, smart connectivity, and mobile app integration are enhancing e-scooter performance and user experience [5] - Features like GPS tracking, anti-theft systems, and foldable designs are increasing safety and portability [5] - Falling costs due to improvements in materials and manufacturing are boosting demand [5] Regional Market Analysis Canada - Growing demand for eco-friendly transport solutions is driving the Canadian e-scooter market [6] - Cities like Toronto and Vancouver are becoming hubs for shared mobility services [6] - Government support and technological advancements are further increasing adoption [6] France - France's focus on environmentally friendly urban mobility is fueling rapid market growth [7] - Shared e-scooter services are widespread in major cities like Paris [7] - Regulations, safety standards, and technological advancements are supporting market expansion [7] India - The Indian market is growing rapidly due to increasing demand for sustainable transportation and solutions to urban congestion [8] - Large cities like Bengaluru, Delhi, and Mumbai are embracing e-scooters for short-distance commuting [8] - Government initiatives and shared mobility services are driving market growth [8] UAE - The UAE market is expanding with rising demand for environmentally friendly and convenient transport solutions [9] - Cities like Dubai and Abu Dhabi are seeing increased e-scooter usage for short-distance travel [9] - Government sustainability initiatives and advancements in battery technology are boosting market growth [9] Market Segmentation By Battery - Lead Acid, Lithium-ion (Li-ion), and others [12] By Drive - Belt Drive, Chain Drive, and Hub Drive [12] By Voltage - Below 24V, 36V, 48V, and Greater than 48V [12] By Application - Personal and Rental [12] By Countries - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa [13][14] Key Players - Jiangsu Xinri E-Vehicle Co Ltd, Enphase Energy Inc, YADEA Technology Group Co Ltd, NIU International, Bird Rides Inc, SWAGTRON, Segway Inc, and Xiaomi [14]