E-SCOOTER SHARING MARKET REPORT OVERVIEW
-
Request a Free Sample to learn more about this report
The global e-scooter sharing market size was USD 1320.6 million in 2021 and the market is projected to touch USD 3258.23 million by 2027, exhibiting a CAGR of 16.24% during the forecast period.
The e-scooter sharing market encompasses the leasing and collaborative use of electric scooters, offering users a convenient and environmentally friendly means of short-distance transportation within urban settings. These services commonly utilize mobile applications, enabling users to discover, unlock, and make payments for electric scooters seamlessly through their smartphones.
E-scooters employed in shared mobility programs are crafted for brief journeys, characterized by a compact and lightweight structure to facilitate effortless handling. Propelled by electric motors, typically battery-powered, these scooters obviate the necessity for traditional fuel, contributing to a reduction in carbon emissions. Accessible via mobile applications, e-scooter sharing services offer a user-friendly interface, allowing individuals to easily locate nearby scooters, unlock them, and conduct transactions seamlessly.
COVID-19 Impact: Promotion of Social Distancing among Population to Fuel Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The pandemic led to heightened consciousness of and compliance with social distancing protocols. E-scooter sharing, serving as a solitary mode of transportation, saw a rise in popularity as a way for individuals to uphold physical distance from others.
Apprehensions about the transmission of the virus heightened concerns regarding the safety of communal surfaces, such as e-scooter handles and touchpoints. This unease might have dissuaded potential users, influencing the overall ridership negatively.
LATEST TRENDS
"Integration with Public Transportation, Enhanced Safety Features to Drive Market Growth"
The amalgamation of e-scooter sharing services with public transportation entails establishing synergies between electric scooters and the existing public transit infrastructure. This trend is motivated by the objective of offering users a smooth and convenient multi-modal transportation experience. E-scooter sharing services specifically tackle the "first-last mile" predicament, addressing the short distance between a user's home or destination and the nearest public transit station. E-scooters provide an efficient solution for covering these brief distances. Strategically positioning e-scooter fleets around transit hubs, train stations, and bus stops facilitates an easy transition for commuters between public transportation and e-scooters. There is an ongoing emphasis on safety within the e-scooter industry, characterized by the integration of advanced safety features into e-scooters. These features encompass enhancements in lighting, braking systems, and overall stability.
E-SCOOTER SHARING MARKET SEGMENTATION
-
Request a Free Sample to learn more about this report
- By Type
Based on type the global e-scooter sharing market can be categorized into Free-floating, and Station bound.
The global e-scooter sharing market can be classified into two primary models: Free-floating and Station-bound. In the free-floating model, electric scooters are distributed across a defined service area, granting users the flexibility to locate, unlock, and drop off scooters at any convenient spot within the operational zone. This model emphasizes convenience and adaptability, aligning well with the on-demand nature of contemporary urban mobility. Conversely, the station-bound model entails specific docking stations where users are required to pick up and return e-scooters. These stations are strategically positioned at significant points like transit hubs or popular destinations, offering a systematic approach to scooter distribution and ensuring availability in specific regions. The selection between these models reflects the diverse preferences and operational approaches adopted by e-scooter sharing providers to meet the varied needs of urban commuters.
- By Application
Based on application the global e-scooter sharing market can be categorized into Online, and Offline.
When categorizing the global e-scooter sharing market by application, it can be broadly divided into two primary types: Online and Offline. In the online application model, users actively participate in e-scooter sharing services through digital platforms like mobile applications. Through these platforms, users can effortlessly locate, unlock, and make payments for e-scooters using their smartphones. This online model offers a user-friendly and streamlined approach to accessing and utilizing e-scooters, aligning with the prevalent trend of digital convenience. Conversely, the offline application involves users interacting with e-scooter services through physical kiosks, customer service centers, or other non-digital avenues. While the online model prioritizes ease of access and real-time interactions, the offline model may appeal to users who prefer face-to-face interactions or encounter constraints in digital accessibility. The distinction between these application models mirrors the varied preferences and accessibility considerations prevalent in the e-scooter sharing market.
DRIVING FACTORS
"Sustainable and Eco-Friendly Transportation to Boost the Market"
The growing worldwide focus on sustainable and eco-friendly transportation methods has spurred the uptake of electric scooters, thereby propelling the e-scooter sharing market growth as a environmentally conscious and low-emission alternative.
"First-Last Mile Connectivity to Expand the Market"
E-scooters effectively tackle the first-last mile challenge by offering a convenient solution for short-distance commuting between residences, workplaces, or transit hubs. This aspect not only improves urban mobility but also fosters the seamless integration of e-scooters with public transportation systems.
RESTRAINING FACTOR
"Safety Concerns to Potentially Impede Market Growth"
Safety concerns stemming from accidents and injuries involving e-scooters have prompted heightened attention from both users and regulators. Effectively addressing these safety issues and establishing trust among potential users are imperative for ensuring the enduring growth of the market.
E-SCOOTER SHARING MARKET REGIONAL INSIGHTS
-
Request a Free Sample to learn more about this report
"North America to Dominate the Market due to the Implementation Of Rigorous Regulations"
The United States and Canada, especially cities in North America, have experienced the initial adoption and swift expansion of e-scooter sharing services. The regulatory landscape differs across cities, ranging from enthusiastic adoption to the implementation of rigorous regulations. Establishing collaborations with local governments is imperative for securing a substantial e-scooter sharing market share and ensuring sustainable growth in this dynamic environment.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through providing electric scooters and bikes"
Several significant players have established themselves in the e-scooter sharing market. Lime, a major industry player, operates globally, providing electric scooters and bikes in numerous cities. Lime is recognized for its widespread presence and user-friendly mobile application.
List of Market Players Profiled
- Cooltra Motosharing (Spain)
- VOI Technology (Sweden)
- Cityscoot (France)
- GoTo Global Mobility Ltd. (Israel)
- Bird Global Inc. (U.S.)
INDUSTRIAL DEVELOPMENT
November 2023: The market is experiencing steady expansion, propelled by strategic initiatives undertaken by major players. In response to these strategic developments, the market is adapting and evolving, with expectations of sustaining its upward trajectory throughout the forecast period.
REPORT COVERAGE
The future demand for e-scooter sharing market is covered in this study. The Research report includes the Promotion of Social Distancing due to the Covid-19 Impact. The report covers the latest trends in Integration with Public Transportation. The paper includes a segmentation of the e-scooter sharing market. The research paper includes the driving factors that are Sustainable and Eco-Friendly Transportation to Fuel Market Growth. The report also covers information on Regional Insights where the region which has emerged leading market for e-scooter sharing.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 1320.6 Million in 2021 |
Market Size Value By |
US$ 3258.23 Million by 2027 |
Growth Rate |
CAGR of 16.24% from 2021 to 2027 |
Forecast Period |
2022-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the e-scooter sharing market expected to touch by 2027?
The global e-scooter sharing market is expected to reach 3258.23 million by 2027.
-
What CAGR is the e-scooter sharing market expected to exhibit by 2027?
The e-scooter sharing market is expected to exhibit a CAGR of 16.24% by 2027.
-
Which are the driving factors of the e-scooter sharing market?
Sustainable and Eco-Friendly Transportation, and First-Last Mile Connectivity are some of the driving factors of e-scooter sharing market.
-
What are the e-scooter sharing market segments?
The e-scooter sharing market segmentation that you should be aware of, which include, Based on type the e-scooter sharing market is classified as Free-floating, and Station bound. Based on application e-scooter sharing market is classified as Online, and Offline.
