[250 Pages Report] The E-scooter Sharing Market Size was valued at around US$ 925.3 Mn in 2021. With a projected CAGR of 17.9% between 2022 and 2032, the market is likely to reach a valuation of nearly US$ 5.7 Bn by the end of 2032. The surge in urbanization and the growing spending capability of millennials stand as the key driver for the E-scooter sharing market worldwide.
| Attributes | Details |
|---|---|
| E-scooter Sharing Market Size (2021) | US$ 925.3 Million |
| Market Size (2022) | US$ 1.1 Billion |
| Projected Market Value (2032) | US$ 5.7 Billion |
| Global Market Growth Rate (2022 to 2032) | 17.9% CAGR |
| North America Market Size (2021) | US$ 383.1 Million |
| USA Growth Rate (2022 to 2032) | 16.9% |
| Share of Top 5 Countries | 52% |
| Key Companies Covered |
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Future Market Insights analysis reveals that most of the market revenue is grossed from free-floating type E-scooter sharing. On the other hand offline distribution channel of E-scooter sharing will be the most lucrative with a 17.4% of CAGR in a decade starting in 2022.
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The global market for E-scooter sharing raised to 18.8% CAGR over the last five years (2017-2021). The market growth is forecasted to reach US$ 5.7 Bn in the coming ten years.
In 2021, the global market size for E scooter sharing was valued at US$ 925.3 Mn and is expected to increase to a valuation of US$ 1.1 Bn in 2022. This is due to the increasing demand for shared micro-mobility. The favorable cost structure, flexibility, and user-friendly characteristics are some of the factors that contribute to the growth of the E-scooter-sharing market. E-scooters are small in size and consume less space for parking, hence, the E-scooter sharing providers and governments are encouraging travellers to use E-scooter sharing. Most of the service providers provide free-floating services in which the customers need to pick up and return the scooters to specific locations.
Millennials currently are the prominent end-users of E-scooter sharing owing to their growing spending power. With the surge in worldwide urbanization, people from other age groups will also start to use E-scooter sharing to make the demand more mainstream.
The global E-scooter-sharing market is predicted to surge ahead at a CAGR of 17.9% and sales worth US$ 5.7 Bn by the end of 2032. The US will continue to be the largest user of E scooter sharing throughout the analysis period accounting for over US$ 1.5 Bn absolute dollar opportunity in the coming 10 years.
Since E-scooter sharing engages only half of the space of a pedestrian, it becomes more space-effective. Since e-scooter sharing is more feasible during peak hours, if more people use them the number of vehicles plying on the roads will decrease thereby reducing traffic congestion. In the US, nearly 46% of all vehicle traffic congestion is caused by driving within a 0-3 miles radius and 60% of the car trips are micro-mobility. If people substitute their trips for micro-mobility with E-scooter sharing, it will reduce the traffic congestion in the cities.
Principal Consultant
“E-scooter sharing a good substitute over public transport for short-term distance”
E-scooter sharing is more eco-friendly as compared to cars. Commuters in several Tier 2 cities are becoming more eco-conscious and they are inclined to use E-scooter sharing. Besides, their affordability against personal vehicles further makes them sought-after service. In the US, it only cost US$ 1 to unlock and thereafter US$ 0.15 per minute pricing structure by Bird and Lime.
Most companies in the E-scooter sharing market provide an app-based system. During 2018-2019 the monthly installation of e-scooter sharing apps from both Bird and Lime combined, increased by 580%. Most of the apps provide services like users can book their E-scooter from a different place and can start the ride at another place. These apps also include a GPS system through which the riders can understand if there are any allotted ways in the area in which they travel. The GPS also helps them to find parking spots. In Lime E-scooters, there is a QR code on the handle and users can scan the QR code through the scanner in their phone to unlock and lock the E-scooter. Also, these QR codes are also used for payment options.
Most E-scooter sharing provides rental or purchasing options. While most of the companies offer rental services as they charge users per minute. These hassle-free options make access to E-scooter sharing easy for the riders.
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E-scooter sharing has gained significant attention all over the globe. However, governments across the world are formulating policies around it. The UK government is planning to legalize riding privately owned E-scooters. Of this, many riders will buy their own E-scooters, which will reduce the demand for E-scooter sharing.
In Atlanta, US, the government banned riding E-scooters during nighttime as a string of deaths was reported in the summer. In North Carolina, the government tried to overcome the situation with the help of companies by installing a GPS system in the scooter so that they cannot block the pedestrian walkway. These strict regulations will alert the users to use the E-scooter sharing properly, or else the government will be forced to ban the E-scooters from the street which will hold back the E-scooter sharing market as the ridership rates per city fall drastically.
In Madrid, Spain, the providers must acquire a license to operate in specified areas and they have to provide usage data to the government. Besides, several governments are planning to legalize the usage of helmets while riding and also to license the E-scooter used for E-scooter sharing.
The Chinese government is planning to invest more than US$2 Bn for the development of charging infrastructure for e-scooters. This will promote the growth of the E-scooter sharing market.
An average E-scooter has a life span of three months. Since they are used for rental purposes, the rough handling and heavy usage have cut down their durability. Even without adding overhead expenses and not counting marketing, it would take about four months for an E-scooter sharing company to break even on its investment.
For an E-scooter sharing provider, most of the cost is incurred through charging and operation. They have to collect E-scooters and transport them to their charging stations for battery charging, and maintenance of the scooter and then to place it again in the locations for the riders to use. Another challenge is the dumping or misplacing of the E-scooters.
In June 2019 Multnomah County Sheriff's Office (MSCO) divers picked up about 57 shared E–scooters from Willamette River in Portland, Oregon US. In several cities, E-sharing scooters are rising concerns over the safety of people walking using it. According to a study conducted in Finland, about 331 people were admitted to emergency rooms from occurring accidents while riding an E-scooter from April 2019 to April 2021. Another challenge faced by E-scooter sharing is that due to the disturbance caused by them to the pedestrians who are using the sidewalks governments all over the world are bringing in restrictions for the usage of them in sidewalks.
The US accounted for over 89% of the E-scooter sharing market in 2021. The user penetration for E-scooter sharing is 1.1% in the US in 2022. The US market is expected to continue its dominance in the global E-scooter sharing with a valuation of US$ 40.3 Mn in 2022. The US E-scooter sharing market is expected to account for a US$1.9 Bn absolute dollar opportunity between 2022 and 2032.
In 2021, China was the second-largest E-scooter sharing consumer after US, with a market value of US$ 70.5 Mn. The E-scooter sharing market value is expected to increase to US$ 81.3 Mn in 2022 and is forecasted to reach a valuation of US$ 383 Mn by the end of 2032. The recent planning of the Chinese government to invest more than US$ 2 Bn for the development of charging infrastructure is expected to attract E-scooter sharing companies to set up their operations in China. This will increase the demand for E-scooter sharing in China.
Free-floating systems provide a dockless free system, which helps the riders to pick and drop their E-scooter sharing from anywhere. Riders can book their ride through apps on mobile. Since it has no docking station, it is more feasible for direct trips compared to station-bound. Free-floating segment accounted for a CAGR of 18.6% from 2017 to 2021.
At present, E-scooter sharing manufacturers are largely aiming at raising funds and gaining more customers. The key companies operating in the E-scooter sharing market are Neutron Holdings, Inc. (Lime) Cityscoot, Cooltra Motosharing, S.L.U, Bird Global Inc., Vogo Automotive Pvt. Ltd., TIER Mobility AG, Voi Technology AB, Wind Mobility, Beam Mobility Holdings Pte. Ltd.
Some of the recent developments by key providers of E-scooter sharing are as follows:
Similarly, recent developments related to companies manufacturing E-scooter sharing have been tracked by the team at Future Market Insights, which is available in the full report.
| Attributes | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | US$ Million for Value |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, China, Japan, South Korea, India, Australia, South Africa, Saudi Arabia, United Arab Emirates(UAE), and Israel. |
| Key Market Segments Covered | Type, Distribution channel, Region |
| Key Companies Profiled |
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| Report Coverage | Value (In US$ Billion) |
The E-scooter sharing market was valued at US$ 925.3Mn in 2021 and is expected to grow 17.9% by 2032.
The E-scooter sharing market is set to witness a growth rate of 17.9% over the forecast period and be valued at US$ 5.7 Bn by 2032.
The E-scooter sharing Market expanded at 18.8% from 2017through 2021.
Neutron Holdings, Inc., Cityscoot, Cooltra Motosharing, S.L.U, Bird Global Inc., Vogo Automotive Pvt. Ltd. are the key players operating in e-scooter sharing market.
Free – floating type of E-sharing scooter is been driving the demand accounting for CAGR of 18.6% from 2017-2021.
US, UK, China, Japan, and South Korea are expected to drive the most sales growth of E-sharing scooter.
The market in US accounts for over 36% of the global market share.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global E-Scooter Sharing Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Bn) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Bn) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global E-Scooter Sharing Market Analysis 2017-2021 and Forecast 2022-2032, By Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Bn) Analysis By Type, 2017-2021 5.3. Current and Future Market Size Value (US$ Bn) Analysis and Forecast By Type, 2022-2032 5.3.1. Free-Floating 5.3.2. Station-Bound 5.4. Y-o-Y Growth Trend Analysis By Type, 2017-2021 5.5. Absolute $ Opportunity Analysis By Type, 2022-2032 6. Global E-Scooter Sharing Market Analysis 2017-2021 and Forecast 2022-2032, By Scooter Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Bn) Analysis By Scooter Type, 2017-2021 6.3. Current and Future Market Size Value (US$ Bn) Analysis and Forecast By Scooter type, 2022-2032 6.3.1. Kick scooters 6.3.2. Smart scooters 6.4. Y-o-Y Growth Trend Analysis By Scooter Type, 2017-2021 6.5. Absolute $ Opportunity Analysis By Scooter Type, 2022-2032 7. Global E-Scooter Sharing Market Analysis 2017-2021 and Forecast 2022-2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Bn) Analysis By Region, 2017-2021 7.3. Current Market Size Value (US$ Bn) Analysis and Forecast By Region, 2022-2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. MEA 7.4. Market Attractiveness Analysis By Region 8. North America E-Scooter Sharing Market Analysis 2017-2021 and Forecast 2022-2032, By Country 8.1. Historical Market Size Value (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 8.2. Market Size Value (US$ Bn) Forecast By Market Taxonomy, 2022-2032 8.2.1. By Country 8.2.1.1. Value (US$ Bn)ed States 8.2.1.2. Canada 8.2.2. By Type 8.2.3. By Scooter Type 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Type 8.3.3. By Scooter Type 8.4. Key Takeaways 9. Latin America E-Scooter Sharing Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Bn) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Type 9.2.3. By Scooter Type 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Type 9.3.3. By Scooter Type 9.4. Key Takeaways 10. Europe E-Scooter Sharing Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Bn) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. U.K. 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Type 10.2.3. By Scooter Type 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Type 10.3.3. By Scooter Type 10.4. Key Takeaways 11. Asia Pacific E-Scooter Sharing Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Bn) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Japan 11.2.1.2. China 11.2.1.3. India 11.2.1.4. Malaysia 11.2.1.5. Singapore 11.2.1.6. Australia 11.2.1.7. Rest of Asia Pacific 11.2.2. By Type 11.2.3. By Scooter Type 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Type 11.3.3. By Scooter Type 11.4. Key Takeaways 12. MEA E-Scooter Sharing Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Bn) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of MEA 12.2.2. By Type 12.2.3. By Scooter Type 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Type 12.3.3. By Scooter Type 12.4. Key Takeaways 13. Key Countries E-Scooter Sharing Market Analysis 13.1. Value (US$ Bn)ed States 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2021 13.1.2.1. By Type 13.1.2.2. By Scooter Type 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2021 13.2.2.1. By Type 13.2.2.2. By Scooter Type 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2021 13.3.2.1. By Type 13.3.2.2. By Scooter Type 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2021 13.4.2.1. By Type 13.4.2.2. By Scooter Type 13.5. Rest of Latin America 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2021 13.5.2.1. By Type 13.5.2.2. By Scooter Type 13.6. Germany 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2021 13.6.2.1. By Type 13.6.2.2. By Scooter Type 13.7. U.K. 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2021 13.7.2.1. By Type 13.7.2.2. By Scooter Type 13.8. France 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2021 13.8.2.1. By Type 13.8.2.2. By Scooter Type 13.9. Spain 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2021 13.9.2.1. By Type 13.9.2.2. By Scooter Type 13.10. Italy 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2021 13.10.2.1. By Type 13.10.2.2. By Scooter Type 13.11. Rest of Europe 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2021 13.11.2.1. By Type 13.11.2.2. By Scooter Type 13.12. Japan 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2021 13.12.2.1. By Type 13.12.2.2. By Scooter Type 13.13. China 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2021 13.13.2.1. By Type 13.13.2.2. By Scooter Type 13.14. India 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2021 13.14.2.1. By Type 13.14.2.2. By Scooter Type 13.15. Malaysia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2021 13.15.2.1. By Type 13.15.2.2. By Scooter Type 13.16. Singapore 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2021 13.16.2.1. By Type 13.16.2.2. By Scooter Type 13.17. Australia 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2021 13.17.2.1. By Type 13.17.2.2. By Scooter Type 13.18. Rest of Asia Pacific 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2021 13.18.2.1. By Type 13.18.2.2. By Scooter Type 13.19. GCC Countries 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2021 13.19.2.1. By Type 13.19.2.2. By Scooter Type 13.20. South Africa 13.20.1. Pricing Analysis 13.20.2. Market Share Analysis, 2021 13.20.2.1. By Type 13.20.2.2. By Scooter Type 13.21. Israel 13.21.1. Pricing Analysis 13.21.2. Market Share Analysis, 2021 13.21.2.1. By Type 13.21.2.2. By Scooter Type 13.22. Rest of MEA 13.22.1. Pricing Analysis 13.22.2. Market Share Analysis, 2021 13.22.2.1. By Type 13.22.2.2. By Scooter Type 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Type 14.3.3. By Scooter Type 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. Neutron Holdings, Inc. 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.2. Cityscoot 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.3. Cooltra Motosharing, S.L.U 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.4. Bird Global Inc. 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.5. Vogo Automotive Pvt. Ltd. 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.6. GoTo Global Mobility Ltd. 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.7. Lyft Inc. 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.8. VOI Technology 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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E-scooter Sharing Market
