[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 |
|
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 |
|
| 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
