The E-Scooter Sharing Market Size was valued at USD 1.05 billion in 2023 and is expected to reach USD 5.02 billion by 2031 and grow at a CAGR of 19% over the forecast period 2024-2031.
Electric scooters are plug-in or battery-powered electric vehicles that can be charged from a power source external to the vehicle. For mobility, the electricity stored on board in a rechargeable battery can power one or more electric motors. E-scooters offer lower running costs than traditional ICE vehicles while maintaining the same level of performance. The addition of solar panels on electric scooters is expected to increase the range by about 15-20%. This technology is currently limited to electric cars and has yet to be marketed for scooters. However, solar-powered scooters are set to enter the roadways in the next years.
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With rising demand to cut carbon emissions around the world, e-mobility has emerged as an environmentally responsible option. Manufacturers are focusing on product development with technological breakthroughs in place, thanks to dropping battery costs, new government targets for the introduction of e-mobility, and decent growth in the renewable sector.
KEY DRIVERS:
Increased fuel costs and maintenance of gasoline-powered vehicles are predicted to boost industry growth.
Electric vehicles would have lower running costs and higher efficiency than traditional automobiles.
When compared to gasoline-powered vehicles, electric vehicles last longer and have a lower environmental impact.
RESTRAINTS:
The absence of EV charging infrastructure is one of the most significant barriers.
Market growth will be hampered by a drop in new car sales during Covid-19.
OPPORTUNITIES:
Governments have developed strategies to boost the adoption of electric scooters by providing subsidies to both users and producers.
A decrease in battery prices is crucial for greater market acceptance, which would present an opportunity for OEMs.
CHALLENGES:
Due to fire accidents, the lithium-ion battery has aroused certain worries.
Increased concern among e-scooters producers over the development of improved battery technologies with longer shelf lives.
Electric scooters, sometimes known as e-scooters, are rechargeable electric vehicles. An external source of electricity can be used to charge these vehicles. Electric scooters have lower operating costs than conventional ICE-powered vehicles. The emergence of COVID-19 has had a substantial influence on the automotive industry, which is currently confronting various issues. With disruptions in supply chains from China and a downturn in demand for automotive products, the pandemic has had a significant influence on both product demand and supply networks in the automobile industry. Furthermore, changes in consumer behavior as a result of the economic downturn have had serious consequences for the industry's future growth.
By Type
Free-Floating
Station Bound
By Distribution Channel
Online
Offline
In 2023, Asia Pacific dominated the global electric scooter market, which was worth USD 15.0 billion. China, Japan, and Taiwan have produced the majority of electric scooters, accounting for the majority of global sales. China has emerged as the world's largest buyer, producer, and exporter of electric scooters.
The electric scooter market in this region is being driven by consumers' growing awareness of the importance of using clean energy transportation to reduce vehicular emissions, fast urbanization, and the increasing affordability of e-scooters. Furthermore, the role of governments in establishing standards and rules for vehicle charging infrastructures in several economies, such as China, India, and Japan, is projected to have a beneficial impact on regional electric scooter growth.
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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 Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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 players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1.05 Billion |
| Market Size by 2031 | US$ 5.02 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 | •Increasing research and development activity for self-driving vehicles. •Auto-tech investment is increasing. |
| RESTRAINTS | •The large first investment may limit expansion. •The considerable risk of hackers gaining unauthorized access to system data and vehicle functions could stifle market expansion. |
E-Scooter Sharing Market Size was valued at USD 1.05 billion in 2023.
The major 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 others.
Forecast period of E-Scooter Sharing Market is 2024-2031.
The E-Scooter Sharing market is segmented into three segments, by product, by voltage type, and by battery.
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 by Country
11.2.3 North America E-Scooter Sharing Market By Type
11.2.4 North America E-Scooter Sharing Market By Distribution Channel
11.2.5 USA
11.2.5.1 USA E-Scooter Sharing Market By Type
11.2.5.2 USA E-Scooter Sharing Market By Distribution Channel
11.2.6 Canada
11.2.6.1 Canada E-Scooter Sharing Market By Type
11.2.6.2 Canada E-Scooter Sharing Market By Distribution Channel
11.2.7 Mexico
11.2.7.1 Mexico E-Scooter Sharing Market By Type
11.2.7.2 Mexico E-Scooter Sharing Market 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 by Country
11.3.2.2 Eastern Europe E-Scooter Sharing Market By Type
11.3.2.3 Eastern Europe E-Scooter Sharing Market By Distribution Channel
11.3.2.4 Poland
11.3.2.4.1 Poland E-Scooter Sharing Market By Type
11.3.2.4.2 Poland E-Scooter Sharing Market By Distribution Channel
11.3.2.5 Romania
11.3.2.5.1 Romania E-Scooter Sharing Market By Type
11.3.2.5.2 Romania E-Scooter Sharing Market By Distribution Channel
11.3.2.6 Hungary
11.3.2.6.1 Hungary E-Scooter Sharing Market By Type
11.3.2.6.2 Hungary E-Scooter Sharing Market By Distribution Channel
11.3.2.7 Turkey
11.3.2.7.1 Turkey E-Scooter Sharing Market By Type
11.3.2.7.2 Turkey E-Scooter Sharing Market By Distribution Channel
11.3.2.8 Rest of Eastern Europe
11.3.2.8.1 Rest of Eastern Europe E-Scooter Sharing Market By Type
11.3.2.8.2 Rest of Eastern Europe E-Scooter Sharing Market By Distribution Channel
11.3.3 Western Europe
11.3.3.1 Western Europe E-Scooter Sharing Market by Country
11.3.3.2 Western Europe E-Scooter Sharing Market By Type
11.3.3.3 Western Europe E-Scooter Sharing Market By Distribution Channel
11.3.3.4 Germany
11.3.3.4.1 Germany E-Scooter Sharing Market By Type
11.3.3.4.2 Germany E-Scooter Sharing Market By Distribution Channel
11.3.3.5 France
11.3.3.5.1 France E-Scooter Sharing Market By Type
11.3.3.5.2 France E-Scooter Sharing Market By Distribution Channel
11.3.3.6 UK
11.3.3.6.1 UK E-Scooter Sharing Market By Type
11.3.3.6.2 UK E-Scooter Sharing Market By Distribution Channel
11.3.3.7 Italy
11.3.3.7.1 Italy E-Scooter Sharing Market By Type
11.3.3.7.2 Italy E-Scooter Sharing Market By Distribution Channel
11.3.3.8 Spain
11.3.3.8.1 Spain E-Scooter Sharing Market By Type
11.3.3.8.2 Spain E-Scooter Sharing Market By Distribution Channel
11.3.3.9 Netherlands
11.3.3.9.1 Netherlands E-Scooter Sharing Market By Type
11.3.3.9.2 Netherlands E-Scooter Sharing Market By Distribution Channel
11.3.3.10 Switzerland
11.3.3.10.1 Switzerland E-Scooter Sharing Market By Type
11.3.3.10.2 Switzerland E-Scooter Sharing Market By Distribution Channel
11.3.3.11 Austria
11.3.3.11.1 Austria E-Scooter Sharing Market By Type
11.3.3.11.2 Austria E-Scooter Sharing Market By Distribution Channel
11.3.3.12 Rest of Western Europe
11.3.3.12.1 Rest of Western Europe E-Scooter Sharing Market By Type
11.3.2.12.2 Rest of Western Europe E-Scooter Sharing Market By Distribution Channel
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia Pacific E-Scooter Sharing Market by Country
11.4.3 Asia Pacific E-Scooter Sharing Market By Type
11.4.4 Asia Pacific E-Scooter Sharing Market By Distribution Channel
11.4.5 China
11.4.5.1 China E-Scooter Sharing Market By Type
11.4.5.2 China E-Scooter Sharing Market By Distribution Channel
11.4.6 India
11.4.6.1 India E-Scooter Sharing Market By Type
11.4.6.2 India E-Scooter Sharing Market By Distribution Channel
11.4.7 Japan
11.4.7.1 Japan E-Scooter Sharing Market By Type
11.4.7.2 Japan E-Scooter Sharing Market By Distribution Channel
11.4.8 South Korea
11.4.8.1 South Korea E-Scooter Sharing Market By Type
11.4.8.2 South Korea E-Scooter Sharing Market By Distribution Channel
11.4.9 Vietnam
11.4.9.1 Vietnam E-Scooter Sharing Market By Type
11.4.9.2 Vietnam E-Scooter Sharing Market By Distribution Channel
11.4.10 Singapore
11.4.10.1 Singapore E-Scooter Sharing Market By Type
11.4.10.2 Singapore E-Scooter Sharing Market By Distribution Channel
11.4.11 Australia
11.4.11.1 Australia E-Scooter Sharing Market By Type
11.4.11.2 Australia E-Scooter Sharing Market By Distribution Channel
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific E-Scooter Sharing Market By Type
11.4.12.2 Rest of Asia-Pacific E-Scooter Sharing Market 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 by Country
11.5.2.2 Middle East E-Scooter Sharing Market By Type
11.5.2.3 Middle East E-Scooter Sharing Market By Distribution Channel
11.5.2.4 UAE
11.5.2.4.1 UAE E-Scooter Sharing Market By Type
11.5.2.4.2 UAE E-Scooter Sharing Market By Distribution Channel
11.5.2.5 Egypt
11.5.2.5.1 Egypt E-Scooter Sharing Market By Type
11.5.2.5.2 Egypt E-Scooter Sharing Market By Distribution Channel
11.5.2.6 Saudi Arabia
11.5.2.6.1 Saudi Arabia E-Scooter Sharing Market By Type
11.5.2.6.2 Saudi Arabia E-Scooter Sharing Market By Distribution Channel
11.5.2.7 Qatar
11.5.2.7.1 Qatar E-Scooter Sharing Market By Type
11.5.2.7.2 Qatar E-Scooter Sharing Market By Distribution Channel
11.5.2.8 Rest of Middle East
11.5.2.8.1 Rest of Middle East E-Scooter Sharing Market By Type
11.5.2.8.2 Rest of Middle East E-Scooter Sharing Market By Distribution Channel
11.5.3 Africa
11.5.3.1 Africa E-Scooter Sharing Market by Country
11.5.3.2 Africa E-Scooter Sharing Market By Type
11.5.3.3 Africa E-Scooter Sharing Market By Distribution Channel
11.5.2.4 Nigeria
11.5.2.4.1 South Africa E-Scooter Sharing Market By Type
11.5.2.4.2 South Africa E-Scooter Sharing Market By Distribution Channel
11.5.2.5 South Africa
11.5.2.5.1 South Africa E-Scooter Sharing Market By Type
11.5.2.5.2 South Africa E-Scooter Sharing Market By Distribution Channel
11.5.2.6 Rest of Africa
11.5.2.6.1 Rest of Africa E-Scooter Sharing Market By Type
11.5.2.6.2 Rest of Africa E-Scooter Sharing Market By Distribution Channel
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America E-Scooter Sharing Market by Country
11.6.3 Latin America E-Scooter Sharing Market By Type
11.6.4 Latin America E-Scooter Sharing Market By Distribution Channel
11.6.5 Brazil
11.6.5.1 Brazil E-Scooter Sharing Market By Type
11.6.5.2 Brazil E-Scooter Sharing Market By Distribution Channel
11.6.6 Argentina
11.6.6.1 Argentina E-Scooter Sharing Market By Type
11.6.6.2 Argentina E-Scooter Sharing Market By Distribution Channel
11.6.7 Colombia
11.6.7.1 Colombia E-Scooter Sharing Market By Type
11.6.7.2 Colombia E-Scooter Sharing Market By Distribution Channel
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America E-Scooter Sharing Market By Type
11.6.8.2 Rest of Latin America E-Scooter Sharing Market 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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