The e-scooter sharing global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
E-Scooter Sharing Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – The E-scooter sharing market size has grown rapidly in recent years. It will grow from $1.14 billion in 2023 to $1.33 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%. The growth in the historic period can be attributed to urbanization, last-mile connectivity, mobile technology, investment and funding and shift towards sustainable transportation.
The E-scooter sharing market size is expected to see rapid growth in the next few years. It will grow to $2.45 billion in 2028 at a compound annual growth rate (CAGR) of 16.6%. The growth in the forecast period can be attributed to expansion into new markets, diversification of services, improvement in user experience, smart city initiatives, and micromobility hubs. Major trends in the forecast period include expansion into suburban and rural areas, dockless charging stations, subscription-based services, adoption of artificial intelligence and partnerships with local businesses.
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Scope Of E-Scooter Sharing Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
E-Scooter Sharing Market Overview
Market Drivers -The increasing greenhouse gas and carbon emissions are expected to propel the growth of the e-scooter-sharing market going forward. Greenhouse gases trap heat in the Earth’s atmosphere, warming the planet. Carbon emissions refer to releasing carbon dioxide (CO2) into the air, mainly from burning fossil fuels like coal, oil, and gas. The emission of greenhouse gas and carbon emissions is primarily due to human activities that involve burning fossil fuels, deforestation, industrial processes, and agriculture. E-scooter-sharing services help to reduce carbon emissions by promoting sustainable transportation, reducing reliance on cars, providing last-mile connectivity, encouraging modal shifts, and lowering energy consumption. For instance, in April 2024, a report published by the United States Environmental Protection Agency (EPA), a US-based government agency, stated that in 2022, greenhouse gas emissions in the U.S. increased by 0.2% compared to the levels in 2021. Therefore, the increasing greenhouse gas and carbon emissions are driving the growth of the e-scooter-sharing market.
Market Trends – Major companies operating in the E-Scooter-sharing market are innovating new technologies such as e-bike and Smart Bikeshare platform to sustain their position in the market. An e-bike is a bicycle equipped with an electric motor that assists the rider’s pedal power, providing easier cycling over long distances or uphill. A smart bikeshare platform integrates technology such as GPS and mobile apps into traditional bike-share programs, allowing users to locate. For instance, in June 2021, Bird Global Inc., a US-based provider of environmentally friendly electric transportation, launched Bird Bike, a new addition to its shared micro-electric vehicle fleet. The Bird Bike is designed to prioritize safety and durability and is a smart, connected vehicle that complements existing transportation networks in cities. It features a powerful electric motor capable of assisting riders on steep inclines, a sturdy frame with a step-through design for enhanced safety and maneuverability, a front basket for storage, and large pneumatic tires for a smooth ride. The bike also incorporates IoT features like self-automating diagnostics, geo-speed technology, and multi-mode geolocation to ensure compliance with regulations in cities and towns of all sizes.
The e-scooter sharing market covered in this report is segmented –
1) By Type: Free-Floating, Station-Bound
2) By Distribution Channel: Online, Offline
3) By End-User: Personal, Commercial
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Regional Insights – Europe was the largest region in the E-scooter sharing market in 2023. The regions covered in the e-scooter sharing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies operating in the e-scooter sharing market are Xiaomi Corporation, Helbiz Inc., Lyft Inc., Coup Mobility GmbH, Gogoro Inc., VOI Technology, Tier Mobility, Cooltra Corporate S.L., Hellobike , LimeBike Inc., Bird Rides Inc., Felyx B.V., GoTo Global Mobility Ltd., Beam Mobility Holdings Pte Ltd., Wheels Labs Inc. , Neuron Mobility Pte Ltd, OjO Electric LLC., Inokim Electric Scooters , Ridepanda Inc., Wind Mobility Ltd., Circ Mobility GmbH
Table of Contents
- Executive Summary
- E-Scooter Sharing Market Characteristics
- E-Scooter Sharing Market Trends And Strategies
- E-Scooter Sharing Market – Macro Economic Scenario
- Global E-Scooter Sharing Market Size and Growth
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- Key Mergers And Acquisitions In The E-Scooter Sharing Market
- E-Scooter Sharing Market Future Outlook and Potential Analysis
- Appendix
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