The global E-scooter sharing market was valued at USD 1.1 Billion in 2022 and is expected to reach USD 5.7 Billion by 2032 according to Future Market Insights (FMI) in a recent market survey. The market is anticipated to grow at a CAGR of 17.9% from 2022 to 2032. In free-floating sharing commuters can pick and drop off the E-scooters from the place sanctioned by civic authorities. Hence, they can find free-floating sharing services convenient for short transit routes.
Kick Scooter Has an Upper Hand over Smart Scooters in E-scooter Sharing
Kick scooters are more opted for by users over smart scooters in E-scooter sharing. Kick scooters are generally easy to use as compared to smart scooters, which makes the commuters choose kick scooters over smart scooters for E-scooter sharing.
US to Dominate E-scooter Sharing Market throughout the Analysis Period
US generated the highest revenue in the E- scooter-sharing market in 2021. While two of the top E-scooter sharing providers are based in the US, it holds a market share of USD 340.9 Million in 2021. Due to the high usage of E-scooter sharing, the market in US is expected to account for USD 1.9 Billion in revenue by 2032.
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“E-scooter sharing manufacturers are engaging to own E-scooters with higher life span. The need to increase the lifespan of E-scooters will reduce the environmental impact and transform E-scooter sharing to a sustainable form of transport,” comments an analyst at Future Market Insights.
E-scooter sharing Market: Competition Insights
At present, E-scooter sharing manufactures 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 E-scooter sharing are as follows:
- In May 2022, San Francisco Municipal Transformation Agency (SFMTA) tested scooter sidewalk riding detection technology involving three companies Lime, Spin and Scoot. The key objective of this testing is to maintain safe sidewalks across the city. Sidewalk riding detection technology automatically detect sidewalk riding and automatically reduce the speed to a safer level.
- In April 2022, Bird announced it will provide it E-shared scooter service in Indio California, Home of Coachella and Stagecoach festivals.
- In March 2022, Chalo, an India based mobility startup acquired Vogo Automotive Pvt.Ltd. Chalo’s plan is to boost its bus ridership by providing it users to solve the last and first mile concerns.
- In March 2022, Ford announced that it will be selling its E-scooter business Spin to Tier a German e-scooter company which helped Tier to set is operations in North America.
- In November 2021, Lime announced that it has raised a funding of USD 523 Mn and declared that it will list as public in 2022.
- In November 2021, Tier, a berlin-based E-scooter operator acquired Nextbike a German based bike-sharing platform to become Europe’s largest and diverse micro mobility provider.
- In November 2021, Bird joined with Switchback II Corp and began trading on the New York Stock Exchange (NYSE) under the name BRDS.
- In May 2021, Bird and Zig Zag joined to build a local multi-model mobility service in Italy.
- In January 2021, Vogo Automotive Pvt. Ltd. launched ‘VOGO Keep’ platform which allows people to keep the vehicle for a minimum of 12 hours and maximum of 60 days.
- In November 2019, California based E-scooter company OjO Electric Corp announced they are planning to acquire Gotcha, a scooter bike rental service.
- In January 2019, South American E-scooter service, Yellow merged with Mexican E-scooter service Grin to form the Grow mobility. After their merger Grow mobility became the largest E-scooter sharing provider in South America.
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More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the E-Scooter Sharing Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in E-Scooter Sharing Market in terms of Type (Free-floating, Station Bound), By Distribution channel (Online, Offline) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
E-scooter sharing Market Segmentation:
By Type:
- Free-floating
- Station bound
By Scooter Type:
- Kick Scooter
- Smart Scooter
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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