PUBLISHER: The Business Research Company | PRODUCT CODE: 1500053
PUBLISHER: The Business Research Company | PRODUCT CODE: 1500053
E-scooter sharing is a transportation service offering electric scooters for short-term public use. This service includes providing users a way to locate and unlock e-scooters using a mobile app, ride them to their destination, and then park them in designated areas. E-scooter sharing is a convenient and environmentally friendly way to travel short distances in urban areas, providing an alternative to cars and public transportation.
The primary categories of e-scooter sharing include free-floating and station-bound models. In free-floating e-scooter sharing, scooters are not tethered to designated stations but can be found, unlocked, and rented from anywhere within a specified service area via a mobile app. Distribution channels cater to both personal and commercial end users, encompassing online and offline platforms.
The E-scooter sharing market research report is one of a series of new reports from The Business Research Company that provides E-scooter sharing market statistics, including E-scooter sharing industry global market size, regional shares, competitors with a E-scooter sharing market share, detailed E-scooter sharing market segments, market trends and opportunities, and any further data you may need to thrive in the E-scooter sharing industry. This E-scooter sharing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The E-scooter sharing market size has grown rapidly in recent years. It will grow from $1.14 billion in 2023 to $1.33 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%. The historical growth can be credited to several factors, including urbanization, the need for last-mile connectivity, advancements in mobile technology, increased investment and funding, and a societal shift towards sustainable transportation.
The E-scooter sharing market size is expected to see rapid growth in the next few years. It will grow to $2.45 billion in 2028 at a compound annual growth rate (CAGR) of 16.6%. The anticipated growth in the future period is expected due to endeavors to enter new markets, the diversification of services offered, enhancements in user experience, initiatives promoting smart cities, and the establishment of micromobility hubs. Key trends projected for the future period include the expansion into suburban and rural areas, the introduction of dockless charging stations, the implementation of subscription-based service models, the integration of artificial intelligence, and the formation of partnerships with local businesses.
Rising greenhouse gas and carbon emissions are expected to drive the growth of the e-scooter-sharing market. These emissions, primarily from human activities such as burning fossil fuels, deforestation, and industrial processes, contribute to global warming. E-scooter-sharing services play a role in reducing carbon emissions by promoting sustainable transportation, reducing car reliance, providing last-mile connectivity, and encouraging modal shifts. For instance, in April 2024, a report published by the United States Environmental Protection Agency (EPA), a US-based government agency, stated that in 2022, greenhouse gas emissions in the U.S. increased by 0.2% compared to the levels in 2021. Therefore, the increasing greenhouse gas and carbon emissions are driving the growth of the e-scooter-sharing market.
Leading companies in the e-scooter-sharing market are innovating with technologies such as e-bikes and Smart Bikeshare platforms to maintain their market position. E-bikes, equipped with electric motors, aid cyclists in covering long distances or uphill terrain, while Smart Bikeshare platforms integrate GPS and mobile apps for user convenience. For instance, in June 2021, Bird Global Inc., a US-based provider of environmentally friendly electric transportation, launched Bird Bike, a new addition to its shared micro-electric vehicle fleet. The Bird Bike is designed to prioritize safety and durability and is a smart, connected vehicle that complements existing transportation networks in cities. It features a powerful electric motor capable of assisting riders on steep inclines, a sturdy frame with a step-through design for enhanced safety and maneuverability, a front basket for storage, and large pneumatic tires for a smooth ride. The bike also incorporates IoT features such as self-automating diagnostics, geo-speed technology, and multi-mode geolocation to ensure compliance with regulations in cities and towns of all sizes.
In September 2023, Bird Global Inc. acquired Spin for $19 million, aiming to bolster its market share and presence in micro-mobility. This acquisition positions Bird Global to expand operations in key cities such as Baltimore, Salt Lake City, and Washington D.C., leveraging Spin's expertise in electric bicycle and scooter sharing.
Major companies operating in the e-scooter sharing market are Xiaomi Corporation, Helbiz Inc., Lyft Inc., Coup Mobility GmbH, Gogoro Inc., VOI Technology, Tier Mobility, Cooltra Corporate S.L., Hellobike, LimeBike Inc., Bird Rides Inc., Felyx B.V., GoTo Global Mobility Ltd., Beam Mobility Holdings Pte Ltd., Wheels Labs Inc., Neuron Mobility Pte Ltd, OjO Electric LLC., Inokim Electric Scooters, Ridepanda Inc., Wind Mobility Ltd., Circ Mobility GmbH
Europe was the largest region in the E-scooter sharing market in 2023. The regions covered in the e-scooter sharing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the e-scooter sharing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The E-scooter sharing market includes revenues earned by entities by providing services such as mobile applications, payment processing, GPS tracking, cloud monitoring, automated rental process and custom development. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
E-Scooter Sharing Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on e-scooter sharing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for e-scooter sharing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The e-scooter sharing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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The impact of higher inflation in many countries and the resulting spike in interest rates.
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