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The E-Scooter Sharing Market Size was valued at USD 1.29 billion in 2023 and is expected to reach USD 5.19 billion by 2031 and grow at a CAGR of 19% over the forecast period 2024-2031.
The electric scooters are the sort of electric vehicles that uses rechargeable battery and electric engine instead of the gasoline motor. They can be plugged into external power source to revive the battery. Compared to the conventional gasoline-powered vehicles, electric bikes offer significant cost savings whereas delivering similar performance. An exciting development in electric scooter technology is the potential for coordination solar panels. While currently limited to electric cars, solar panels on scooters are anticipated to extend their range by 15-20%.
Driven by the worldwide push to the decreased carbon emissions, electric mobility solutions like electric scooters are gaining traction as a sustainable alternative. Governments around the world are setting the ambitious target for the adoption of electric vehicles, making a strong administrative environment. The development of the renewable energy sector provides a reliable source of clean power to charge the electric bikes, advance upgrading their natural benefits.
MARKET DYNAMICS:
KEY DRIVERS:
Shared electric scooters gain popularity in crowded cities as a sustainable and space-saving way to reduce traffic congestion.
Traffic congestion in cities is a major problem, especially during rush hour. To tackle this, shared electric scooters are becoming increasingly popular. Governments and scooter companies are promoting them as a sustainable commuting option. These compact scooters take up less space on roads and in parking, allowing users to rush through traffic and avoid contributing to air pollution. This eco-friendly mode of transport is useful for commuters and the environment.
E-scooter tech advancements like extended battery life in shared vehicles fuel market growth.
RESTRAINTS:
Limited range of e-scooters compared to other electric vehicles.
Unfavourable weather conditions impacting scooter usage and battery performance.
OPPORTUNITIES:
Integration of solar panels could extend e-scooter range and boost their eco-friendly appeal.
Incorporation of AI and IoT features can enhance safety, security, and user experience in e-scooters.
The future of e-scooter sharing is bright due to the potential of Artificial Intelligence and the Internet of Things. Coordination these technologies can move forward the security, safety, and user experience. AI can analyse riding patterns to identify potential hazards and alert riders in real-time. IoT sensors could detect malfunctions or accidents, allowing for immediate intervention and preventing further issues. Thus, AI could personalize user experiences by suggesting optimal routes based on traffic and weather conditions. This integration of advanced innovation has the potential to make e-scooters a more secure, more safe, and more enjoyable way to explore urban environments.
CHALLENGES:
Limited battery range can restrict trip planning and discourage users from relying solely on e-scooters.
Inclement weather conditions like rain and snow can impact e-scooter functionality and user comfort.
IMPACT OF RUSSIA-UKRAINE WAR
The war in Russia-Ukraine has disrupted the E-scooter sharing market in several ways. The global economic disruptions caused by the conflict have led to the rise in material and production costs. This can potentially slow down the development and rollout of new e-scooter models, especially those boasting advanced features. Sanctions imposed on Russia, a significant e-scooter sharing market, have stopped operations and limited growth opportunities in the region. The pre-war projections for Russia's e-scooter market share are likely to be reduced. The war has exacerbated the global supply chain crisis, making it more difficult for manufacturers to obtain essential components for e-scooter production. This can lead to potential slowdown in market growth of around 5-10%, with a full recovery hinging on the war's resolution and global economic stabilization.
IMPACT OF ECONOMIC SLOWDOWN
An economic slowdown can cast a slow down the e-scooter sharing market in a few key ways. With limiting budgets, consumers might prioritize essential spending over discretionary leisure activities, potentially leading to fewer e-scooter rides. This could be reflected in a 10-15% of decline in ridership during a slowdown. The companies themselves might face financial constraints. Investment in new scooter fleets or technological advancements could slow down, hindering market growth. During economic hardship, some cities might be less receptive to expanding e-scooter programs due to concerns about potential lost revenue from parking or traffic congestion. This could lead to stagnation or even a 5-7% decrease in the number of cities offering e-scooter sharing programs.
KEY MARKET SEGMENTS:
By Type
Free-Floating is the dominating sub-segment in the E-Scooter Sharing Market by type holding around 90-95% of market share. Free-floating e-scooter sharing offers unparalleled flexibility and convenience. Users can locate, unlock, and abandon scooters anywhere within the designated service area, eliminating the need to search for docking stations. This spontaneous pick-up-and-drop-off system is particularly attractive for short, unplanned trips.
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By Distribution Channel
Online is the dominating sub-segment in the E-Scooter Sharing Market by distribution channel holding around 80-85% of market share. Online platforms provide a seamless user experience. Booking, unlocking, payment, and real-time scooter availability and location tracking can all be done through user-friendly apps. This eliminates the need for physical interaction with kiosks or personnel, making the entire process swift and convenient.
REGIONAL ANALYSES
The Asia Pacific is the dominating region in the E-Scooter Sharing Market holding around 70-75% of market share, particularly China, due to a thriving manufacturing base, supportive government policies for traffic and pollution reduction, and dense urban environments ideal for short e-scooter trips.
Europe is the second highest region in this market with 15-20% of share, leveraging its established sharing economy with existing bike-sharing programs, environmentally conscious consumers, and a focus on sustainable transportation.
North America is experiencing the fastest growth with 5-10% of share due to increasing urbanization in major cities, heavy investment in e-scooter companies, and advancements in e-scooter technology.
KEY PLAYERS
The major key players are Neutron Holdings Inc, Cityscoot, Cooltra Motosharing SLU, Bird Global Inc, Vogo Automotive Pvt Ltd, Go To Global Mobility Ltd, Lyft Inc, VOI Technology and other key players.
RECENT DEVELOPMENT
In May 2022: San Francisco is testing technology with Lime, Spin, and Scoot to automatically slow e-scooters on sidewalks, prioritizing pedestrian safety and reducing the need for riders to navigate traffic.
In April 2022: Bird, a company offering shared electric scooters, is expanding to Indio, California, known for hosting the Coachella and Stagecoach music festivals. This move provides residents and festivalgoers with a new eco-friendly transportation option.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1.29 Billion |
| Market Size by 2031 | US$ 5.19 Billion |
| CAGR | CAGR of 19% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Free-Floating, Station Bound) • by Distribution Channel (Online, Offline) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Neutron Holdings Inc, Cityscoot, Cooltra Motosharing SLU, Bird Global Inc, Vogo Automotive Pvt Ltd, Go To Global Mobility Ltd, Lyft Inc, VOI Technology |
| Key Drivers | • Shared electric scooters gain popularity in crowded cities as a sustainable and space-saving way to reduce traffic congestion. • E-scooter tech advancements like extended battery life in shared vehicles fuel market growth. |
| RESTRAINTS | • Limited range of e-scooters compared to other electric vehicles. • Unfavourable weather conditions impacting scooter usage and battery performance. |
Ans: The expected CAGR of the global E-Scooter Sharing Market during the forecast period is 19%.
Ans: The E-Scooter Sharing Market was valued at USD 1.29 billion in 2023.
Ans: Integrating solar panels for extended range and using AI/IoT for improved safety and user experience.
Ans: Limited battery range and the impact of bad weather on functionality and user comfort.
Ans: Asia Pacific, due to manufacturing base, supportive policies, and dense urban environments.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. E-Scooter Sharing Market Segmentation, By Type
9.1 Introduction
9.2 Trend Analysis
9.3 Free-Floating
9.4 Station-Bound
10. E-Scooter Sharing Market Segmentation, By Distribution Channel
10.1 Introduction
10.2 Trend Analysis
10.3 Online
10.4 Offline
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America E-Scooter Sharing Market Segmentation, by Country
11.2.3 North America E-Scooter Sharing Market Segmentation, By Type
11.2.4 North America E-Scooter Sharing Market Segmentation, By Distribution Channel
11.2.5 USA
11.2.5.1 USA E-Scooter Sharing Market Segmentation, By Type
11.2.5.2 USA E-Scooter Sharing Market Segmentation, By Distribution Channel
11.2.6 Canada
11.2.6.1 Canada E-Scooter Sharing Market Segmentation, By Type
11.2.6.2 Canada E-Scooter Sharing Market Segmentation, By Distribution Channel
11.2.7 Mexico
11.2.7.1 Mexico E-Scooter Sharing Market Segmentation, By Type
11.2.7.2 Mexico E-Scooter Sharing Market Segmentation, By Distribution Channel
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Eastern Europe
11.3.2.1 Eastern Europe E-Scooter Sharing Market Segmentation, by Country
11.3.2.2 Eastern Europe E-Scooter Sharing Market Segmentation, By Type
11.3.2.3 Eastern Europe E-Scooter Sharing Market Segmentation, By Distribution Channel
11.3.2.4 Poland
11.3.2.4.1 Poland E-Scooter Sharing Market Segmentation, By Type
11.3.2.4.2 Poland E-Scooter Sharing Market Segmentation, By Distribution Channel
11.3.2.5 Romania
11.3.2.5.1 Romania E-Scooter Sharing Market Segmentation, By Type
11.3.2.5.2 Romania E-Scooter Sharing Market Segmentation, By Distribution Channel
11.3.2.6 Hungary
11.3.2.6.1 Hungary E-Scooter Sharing Market Segmentation, By Type
11.3.2.6.2 Hungary E-Scooter Sharing Market Segmentation, By Distribution Channel
11.3.2.7 Turkey
11.3.2.7.1 Turkey E-Scooter Sharing Market Segmentation, By Type
11.3.2.7.2 Turkey E-Scooter Sharing Market Segmentation, By Distribution Channel
11.3.2.8 Rest of Eastern Europe
11.3.2.8.1 Rest of Eastern Europe E-Scooter Sharing Market Segmentation, By Type
11.3.2.8.2 Rest of Eastern Europe E-Scooter Sharing Market Segmentation, By Distribution Channel
11.3.3 Western Europe
11.3.3.1 Western Europe E-Scooter Sharing Market Segmentation, by Country
11.3.3.2 Western Europe E-Scooter Sharing Market Segmentation, By Type
11.3.3.3 Western Europe E-Scooter Sharing Market Segmentation, By Distribution Channel
11.3.3.4 Germany
11.3.3.4.1 Germany E-Scooter Sharing Market Segmentation, By Type
11.3.3.4.2 Germany E-Scooter Sharing Market Segmentation, By Distribution Channel
11.3.3.5 France
11.3.3.5.1 France E-Scooter Sharing Market Segmentation, By Type
11.3.3.5.2 France E-Scooter Sharing Market Segmentation, By Distribution Channel
11.3.3.6 UK
11.3.3.6.1 UK E-Scooter Sharing Market Segmentation, By Type
11.3.3.6.2 UK E-Scooter Sharing Market Segmentation, By Distribution Channel
11.3.3.7 Italy
11.3.3.7.1 Italy E-Scooter Sharing Market Segmentation, By Type
11.3.3.7.2 Italy E-Scooter Sharing Market Segmentation, By Distribution Channel
11.3.3.8 Spain
11.3.3.8.1 Spain E-Scooter Sharing Market Segmentation, By Type
11.3.3.8.2 Spain E-Scooter Sharing Market Segmentation, By Distribution Channel
11.3.3.9 Netherlands
11.3.3.9.1 Netherlands E-Scooter Sharing Market Segmentation, By Type
11.3.3.9.2 Netherlands E-Scooter Sharing Market Segmentation, By Distribution Channel
11.3.3.10 Switzerland
11.3.3.10.1 Switzerland E-Scooter Sharing Market Segmentation, By Type
11.3.3.10.2 Switzerland E-Scooter Sharing Market Segmentation, By Distribution Channel
11.3.3.11 Austria
11.3.3.11.1 Austria E-Scooter Sharing Market Segmentation, By Type
11.3.3.11.2 Austria E-Scooter Sharing Market Segmentation, By Distribution Channel
11.3.3.12 Rest of Western Europe
11.3.3.12.1 Rest of Western Europe E-Scooter Sharing Market Segmentation, By Type
11.3.2.12.2 Rest of Western Europe E-Scooter Sharing Market Segmentation, By Distribution Channel
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia Pacific E-Scooter Sharing Market Segmentation, by Country
11.4.3 Asia Pacific E-Scooter Sharing Market Segmentation, By Type
11.4.4 Asia Pacific E-Scooter Sharing Market Segmentation, By Distribution Channel
11.4.5 China
11.4.5.1 China E-Scooter Sharing Market Segmentation, By Type
11.4.5.2 China E-Scooter Sharing Market Segmentation, By Distribution Channel
11.4.6 India
11.4.6.1 India E-Scooter Sharing Market Segmentation, By Type
11.4.6.2 India E-Scooter Sharing Market Segmentation, By Distribution Channel
11.4.7 Japan
11.4.7.1 Japan E-Scooter Sharing Market Segmentation, By Type
11.4.7.2 Japan E-Scooter Sharing Market Segmentation, By Distribution Channel
11.4.8 South Korea
11.4.8.1 South Korea E-Scooter Sharing Market Segmentation, By Type
11.4.8.2 South Korea E-Scooter Sharing Market Segmentation, By Distribution Channel
11.4.9 Vietnam
11.4.9.1 Vietnam E-Scooter Sharing Market Segmentation, By Type
11.4.9.2 Vietnam E-Scooter Sharing Market Segmentation, By Distribution Channel
11.4.10 Singapore
11.4.10.1 Singapore E-Scooter Sharing Market Segmentation, By Type
11.4.10.2 Singapore E-Scooter Sharing Market Segmentation, By Distribution Channel
11.4.11 Australia
11.4.11.1 Australia E-Scooter Sharing Market Segmentation, By Type
11.4.11.2 Australia E-Scooter Sharing Market Segmentation, By Distribution Channel
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific E-Scooter Sharing Market Segmentation, By Type
11.4.12.2 Rest of Asia-Pacific E-Scooter Sharing Market Segmentation, By Distribution Channel
11.5 Middle East & Africa
11.5.1 Trend Analysis
11.5.2 Middle East
11.5.2.1 Middle East E-Scooter Sharing Market Segmentation, by Country
11.5.2.2 Middle East E-Scooter Sharing Market Segmentation, By Type
11.5.2.3 Middle East E-Scooter Sharing Market Segmentation, By Distribution Channel
11.5.2.4 UAE
11.5.2.4.1 UAE E-Scooter Sharing Market Segmentation, By Type
11.5.2.4.2 UAE E-Scooter Sharing Market Segmentation, By Distribution Channel
11.5.2.5 Egypt
11.5.2.5.1 Egypt E-Scooter Sharing Market Segmentation, By Type
11.5.2.5.2 Egypt E-Scooter Sharing Market Segmentation, By Distribution Channel
11.5.2.6 Saudi Arabia
11.5.2.6.1 Saudi Arabia E-Scooter Sharing Market Segmentation, By Type
11.5.2.6.2 Saudi Arabia E-Scooter Sharing Market Segmentation, By Distribution Channel
11.5.2.7 Qatar
11.5.2.7.1 Qatar E-Scooter Sharing Market Segmentation, By Type
11.5.2.7.2 Qatar E-Scooter Sharing Market Segmentation, By Distribution Channel
11.5.2.8 Rest of Middle East
11.5.2.8.1 Rest of Middle East E-Scooter Sharing Market Segmentation, By Type
11.5.2.8.2 Rest of Middle East E-Scooter Sharing Market Segmentation, By Distribution Channel
11.5.3 Africa
11.5.3.1 Africa E-Scooter Sharing Market Segmentation, by Country
11.5.3.2 Africa E-Scooter Sharing Market Segmentation, By Type
11.5.3.3 Africa E-Scooter Sharing Market Segmentation, By Distribution Channel
11.5.3.4 Nigeria
11.5.3.4.1 Nigeria E-Scooter Sharing Market Segmentation, By Type
11.5.3.4.2 Nigeria E-Scooter Sharing Market Segmentation, By Distribution Channel
11.5.3.5 South Africa
11.5.3.5.1 South Africa E-Scooter Sharing Market Segmentation, By Type
11.5.3.5.2 South Africa E-Scooter Sharing Market Segmentation, By Distribution Channel
11.5.3.6 Rest of Africa
11.5.3.6.1 Rest of Africa E-Scooter Sharing Market Segmentation, By Type
11.5.3.6.2 Rest of Africa E-Scooter Sharing Market Segmentation, By Distribution Channel
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America E-Scooter Sharing Market Segmentation, by Country
11.6.3 Latin America E-Scooter Sharing Market Segmentation, By Type
11.6.4 Latin America E-Scooter Sharing Market Segmentation, By Distribution Channel
11.6.5 Brazil
11.6.5.1 Brazil E-Scooter Sharing Market Segmentation, By Type
11.6.5.2 Brazil E-Scooter Sharing Market Segmentation, By Distribution Channel
11.6.6 Argentina
11.6.6.1 Argentina E-Scooter Sharing Market Segmentation, By Type
11.6.6.2 Argentina E-Scooter Sharing Market Segmentation, By Distribution Channel
11.6.7 Colombia
11.6.7.1 Colombia E-Scooter Sharing Market Segmentation, By Type
11.6.7.2 Colombia E-Scooter Sharing Market Segmentation, By Distribution Channel
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America E-Scooter Sharing Market Segmentation, By Type
11.6.8.2 Rest of Latin America E-Scooter Sharing Market Segmentation, By Distribution Channel
12. Company Profiles
12.1 Neutron Holdings Inc
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Cityscoot
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Cooltra Motosharing SLU
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Bird Global Inc
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Vogo Automotive Pvt Ltd
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Go To Global Mobility Ltd
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Lyft Inc
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 VOI Technology
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. USE Cases and Best Practices
15. Conclusion
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MARKET SEGMENTS
By Type
Free-Floating
Station-Bound
By Distribution Channel
Online
Offline
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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