PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1644150
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1644150
Global Scooter Sharing Market to Reach US$286.7 Billion by 2030
The global market for Scooter Sharing estimated at US$22.0 Billion in the year 2024, is expected to reach US$286.7 Billion by 2030, growing at a CAGR of 53.4% over the analysis period 2024-2030. Electric Scooter Sharing, one of the segments analyzed in the report, is expected to record a 55.9% CAGR and reach US$210.8 Billion by the end of the analysis period. Growth in the Non-Electric Scooter Sharing segment is estimated at 47.5% CAGR over the analysis period.
The U.S. Market is Estimated at US$6.0 Billion While China is Forecast to Grow at 49.9% CAGR
The Scooter Sharing market in the U.S. is estimated at US$6.0 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$39.9 Billion by the year 2030 trailing a CAGR of 49.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 48.4% and 45.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 35.6% CAGR.
Global Scooter Sharing Market - Key Trends & Drivers Summarized
Why Is Scooter Sharing Gaining Popularity in Urban Transportation?
Scooter sharing has emerged as a popular transportation alternative in urban areas, offering a convenient and eco-friendly solution for short-distance travel. With the increasing focus on reducing traffic congestion and lowering carbon emissions, scooter sharing addresses the need for efficient urban mobility. Shared scooters allow users to travel quickly and affordably within city limits, making them an attractive option for daily commuters and tourists alike. As cities promote sustainable transportation methods, scooter sharing services have gained traction worldwide, providing a flexible and accessible way for people to navigate urban landscapes.
What Technological Innovations Are Enhancing Scooter Sharing Services?
Technological advancements are transforming scooter sharing services, making them more user-friendly, efficient, and secure. GPS tracking and mobile app integration allow users to locate and reserve scooters with ease, while IoT-enabled sensors monitor scooter status and ensure proper maintenance. Additionally, battery technology improvements, such as swappable batteries, reduce downtime and enhance service availability. AI-powered algorithms optimize fleet management by analyzing user demand patterns and adjusting scooter deployment. These innovations improve service reliability, user experience, and operational efficiency, making scooter sharing a viable solution for urban mobility.
Why Are Environmental and Economic Factors Driving Scooter Sharing?
Environmental and economic considerations are key drivers in the scooter sharing market as cities prioritize sustainable and affordable transportation options. Shared electric scooters reduce emissions by providing a zero-emission alternative to cars, helping cities meet climate goals. The low cost of scooter sharing makes it accessible to a wide range of users, from young professionals to tourists, further promoting adoption. Moreover, the reduced need for parking and maintenance compared to traditional vehicles makes scooter sharing economically efficient for cities and operators. These factors underscore scooter sharing’s role in the push for greener, more cost-effective urban mobility solutions.
The Growth in the Scooter Sharing Market Is Driven by Several Factors
The scooter sharing market is expanding due to increased urbanization, advancements in technology, and a focus on sustainable transportation. Rising population density in cities has made efficient, compact transportation options essential, and shared scooters address this need. Technological innovations, including app-based tracking, IoT integration, and improved battery systems, are enhancing user experience and operational efficiency. Environmental concerns and government initiatives promoting zero-emission vehicles are further driving demand for electric scooter sharing. Together, these factors support robust growth in the scooter sharing market, positioning it as a key component in the future of urban transportation.
SCOPE OF STUDY:
The report analyzes the Scooter Sharing market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Type (Electric Scooter Sharing, Non-Electric Scooter Sharing)
Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.
Select Competitors (Total 45 Featured) -