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Electric Scooters Sharing Market Share & Market Analysis - Growth Trends & Forecasts for period from (2024 - 2031)

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The global market overview of the "Electric Scooters Sharing Market" provides a unique perspective on the key trends influencing the industry worldwide and in major markets. Compiled by our most experienced analysts, these global industrial reports offer insights into critical industry performance trends, demand drivers, trade dynamics, leading companies, and future trends. The Electric Scooters Sharing market is projected to experience an annual growth rate of 13.9% from 2024 to 2031.

Electric Scooters Sharing and its Market Introduction

Electric Scooters Sharing refers to the practice of renting electric scooters for short trips from designated locations within a city. The purpose of Electric Scooters Sharing is to provide a convenient and eco-friendly mode of transportation for short distances.

The advantages of Electric Scooters Sharing include reducing traffic congestion, lowering emissions, promoting healthy and active lifestyles, as well as offering a cost-effective way to get around urban areas.

The Electric Scooters Sharing Market is expected to grow at a CAGR of % during the forecasted period. This growth can be attributed to the increasing demand for sustainable transportation options, advancements in technology, and the rise of smart cities. Electric Scooters Sharing has the potential to revolutionize urban mobility and have a significant impact on the way people commute in the future.

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Electric Scooters Sharing Market Segmentation

The Electric Scooters Sharing Market Analysis by Types is Segmented into:

  • ≥30km/h
  • ＜30km/h

There are primarily two types of electric scooters sharing based on their speed capabilities, categorized as those with speeds greater than or equal to 30km/h and those with speeds less than 30km/h. Electric scooters with speeds greater than 30km/h are ideal for longer distances and faster commutes, while those with speeds below 30km/h are more suitable for short trips and leisurely rides. The availability of both types of electric scooters sharing options caters to a wider range of consumer preferences, thereby boosting the demand for electric scooters sharing in the market.

The Electric Scooters Sharing Market Industry Research by Application is Segmented into:

  • City
  • Rural

Electric scooters sharing is being widely used in both city and rural areas as a convenient and eco-friendly mode of transportation. In cities, electric scooters provide a quick and efficient way to navigate through traffic and crowded streets, while in rural areas they offer a convenient way to reach nearby destinations. Users can easily locate and rent electric scooters through mobile apps, pay for their usage, and drop them off at designated locations. The fastest-growing application segment in terms of revenue is the city market due to high population density and increased demand for alternative transportation options.

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Electric Scooters Sharing Market Trends

- Adoption of lightweight and foldable electric scooters for ease of transportation and storage

- Integration of IoT technology for real-time tracking, monitoring, and maintenance of electric scooters

- Shift towards electric scooters with longer battery life and faster charging capabilities

- Increasing demand for environmentally friendly and sustainable modes of transportation

- Implementation of predictive analytics and data-driven decision making to optimize fleet management and operations

These trends are driving the growth of the Electric Scooters Sharing market by enhancing the user experience, improving operational efficiency, and promoting eco-friendly mobility solutions. As more cities and consumers embrace electric scooters as a convenient and sustainable mode of transportation, the market is expected to witness significant expansion in the coming years.

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Geographical Spread and Market Dynamics of the Electric Scooters Sharing Market

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

The electric scooters sharing market is witnessing rapid growth worldwide, with North America and Europe as key regions. The market in North America is driven by the United States and Canada, where companies like Spin, Lime, Lyft Scooter, Uber Scooter, and Voi are leading players. Factors such as increasing urbanization, rising awareness about environmental sustainability, and government initiatives promoting shared mobility are driving market growth in these regions. In Europe, countries like Germany, France, the ., Italy, and Russia are witnessing significant growth in the electric scooters sharing market, with companies like Bird expanding their operations. In Asia-Pacific, China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia are key markets for electric scooters sharing, with companies like Spin and Voi seeing robust growth. Latin America and Middle East & Africa regions are also witnessing increasing adoption of electric scooters sharing services, with companies like Lime, Bird, and Voi entering these markets. Key growth factors in these regions include the increasing need for efficient and eco-friendly urban transportation solutions.

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Growth Prospects and Market Forecast for the Electric Scooters Sharing Market

The expected CAGR for the Electric Scooters Sharing Market during the forecasted period is projected to be around 8-10%, driven by innovative growth drivers and strategies. One key growth driver is the increasing focus on sustainable transportation solutions, which is leading to a rise in the adoption of electric scooters for short-distance commutes. Additionally, the growing urban population, rising congestion levels, and the need for efficient and eco-friendly last-mile connectivity options are also expected to fuel market growth.

Innovative deployment strategies such as partnerships with ride-sharing platforms, integration with public transportation systems, and leveraging advanced technologies like IoT and AI for fleet management and optimization are likely to enhance the growth prospects of the Electric Scooters Sharing Market. Moreover, trends such as the introduction of swappable batteries, improved charging infrastructure, and the development of lightweight and portable scooter models are expected to further drive market expansion. Overall, the Electric Scooters Sharing Market is poised for significant growth in the coming years, driven by innovative strategies and trends in the industry.

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Electric Scooters Sharing Market Competitive Landscape

  • Spin
  • Lime
  • Lyft Scooter(Lyft)
  • Uber Scooter
  • Voi
  • Bird

Spin, Lime, Lyft Scooter (Lyft), Uber Scooter, Voi, and Bird are some of the key players in the competitive electric scooters sharing market.

Spin, acquired by Ford in 2018, has been focused on expanding its presence in various cities across the United States. Lime, known for its bright green scooters, has raised significant funding and expanded globally, becoming a major player in the market. Lyft Scooter, a division of Lyft, has integrated scooter-sharing into its app, providing users with a seamless transportation experience. Uber Scooter, a division of Uber, has also entered the electric scooter market with its acquisition of Jump. Voi, a European startup, has gained traction in cities across Europe with its innovative scooter-sharing service. Bird, one of the pioneers in the electric scooter-sharing market, has faced challenges with city regulations but continues to grow its presence worldwide.

Spin has displayed strong growth potential in the market with its expansion and Ford's backing. Lime has successfully raised funding, allowing it to expand globally and compete with other players. Lyft Scooter has leveraged its existing user base from Lyft to promote scooter-sharing services. Uber Scooter has integrated scooter-sharing into its existing app, providing users with more transportation options. Voi has grown rapidly in Europe with its unique approach to scooter-sharing. Bird, despite facing regulatory challenges, continues to grow its presence in various cities around the world.

Sales revenue of selected companies in 2020:

- Spin: $100 million

- Lime: $200 million

- Bird: $300 million

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