E-Scooter Sharing Market Is Expected To Grow With A 19% CAGR By 2032

Electric Scooter Sharing Market Analysis by Product Type (Free-floating, Station-bound), by Distribution Channel (Online, Offline) and Region - Global Forecast 2022 to 2032

The E-scooter sharing market is projected to grow steadily at a 19% value CAGR, during the forecast period 2022-2032. Earlier in 2021, this market was projected to have a global market valuation worth US$ 930 Mn and is expected to reach a sum of US$ 6302.2 Mn by 2032.

Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global E-scooter Sharing market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.

Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the E-scooter Sharing market.

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Key findings of the E-scooter Sharing market study:

•          Regional breakdown of the E-scooter Sharing market based on predefined taxonomy.
•          Innovative manufacturing processes implemented by E-scooter Sharing vendors in detail.
•          Region-wise and country-wise fragmentation of the E-scooter Sharing market to grasp the revenue, and growth outlook in these areas.
•          Changing preferences among consumers across various regions and countries.
•          Factors (Positive and Negative) impacting the growth of the global E-scooter Sharing market.

Key Companies Profiled

• Neutron Holdings, Inc.
• Cityscoot
• Cooltra Motosharing, S.L.U
• Bird Global Inc.
• Vogo Automotive Pvt. Ltd.
• GoTo Global Mobility Ltd.
• Lyft Inc.
• VOI Technology

Competitive Landscape

The global electric scooter sharing market share is highly consolidated, dominated by a few major market players who account for most of the market share. Leading market players are pursuing geographic expansion to capture untapped markets. Market share is also being augmented by mergers and acquisitions among key players.

• Bengaluru-based start-up Bounce has announced plans to launch its first electric scooter on 5 November 2021. Bounce is best known for its scooter rental service, but plans to expand into manufacturing this month. Rather than purchasing batteries as part of the scooter, Bounce will provide customers with the option of renting them.  As a result, the scooters will be less expensive, while a recurring subscription fee will be added.
• In October 2021, Neuron Mobility of Singapore went into a partnership with Lime in order to offer e-scooters and e-bikes in Christchurch, New Zealand.
• To improve the user experience, Lime introduced three new features in April 2021; free 10-minute reservations, customizable display themes, and vehicle recommendations. Additionally, the company has developed app clips that allow users to ride without having to download the official application.
• In May 2020, Lime acquired the bike and scooter sharing business, Jump that belongs to Uber .

Key Segments Covered in the E-scooter sharing market Report

• by type :
• Free-floating E-scooter sharing
• Station bound E-scooter sharing
• by distribution channel :
• Online E-scooter sharing
• Offline E-scooter sharing
• by Region :
• North American
• Europe
• Asia Pacific 
• Middle East & Africa
• Central and South America

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Queries addressed in the E-scooter Sharing market report:

•          Why are the E-scooter Sharing market players targeting region for increased product sales?
•          What patented technologies are the players utilizing in the global E-scooter Sharing market?
•          Which regions are displaying the fastest growth in the E-scooter Sharing market?
•          What are the underlying micro- macroeconomic factors affecting the global E-scooter Sharing market?

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