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The Global Electric Kick Scooters Market size is expected to reach $4.9 billion by 2026, rising at a market growth of 12.3% CAGR during the forecast period. In recent years, the evolution of kick scooters as a cost-efficient urban commuting alternative has gained popularity. This is primarily because they provide easy to use and stylish design feature. Rapid advancements in the electric scooter sharing industry are also anticipated to create lucrative growth possibilities for the kick scooter market during the forecast period.
Various countries like the U.S, France, Spain, and Germany have witnessed a considerable increase in the adoption of kick scooters in the past few years, a pattern anticipated to remain the same during the forecast years. In addition to this, electric scooter sharing start-ups are forming a partnership with leading manufacturers in the market to increase their customer base and improve their product offerings in the market. The demand for electric scooter sharing services is expected to be fueled by the increasing awareness about environment-friendly transportation alternatives, less expensive transportation, lower requirement for parking space, and simple to use options in traffic-congested cities.