The global E-scooter sharing market was valued at US$ 1.1 Billion in 2022 and is expected to reach US$ 5.7 Billion by 2032 finds Future Market Insights (FMI) in a recent market survey. E-scooter sharing market is likely to surge at a vigorous 17.9% CAGR during the forecast period of 2022 – 2032. In free-floating sharing commuters can pick up and drop off the E-scooters from a 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 commuters choose kick scooters over smart scooters for E-scooter sharing.
US to Dominate E-scooter Sharing Market throughout the Analysis Period:
The 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 US$ 340.9 Million in 2021. Due to the high usage of E-scooter sharing, the market in the US is expected to account for US$ 1.9 Billion in revenue by 2032.
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Some of the recent developments by key providers of E-scooter sharing are as follows:
- In May 2022, the 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 detects sidewalk riding and automatically reduces the speed to a safer level.
- In April 2022, Bird announced it would provide its E-shared scooter service in Indio California, the Home of the 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 its users to solve the last and first-mile concerns.
- In March 2022, Ford announced that it would be selling its E-scooter business Spin to Tier a German e-scooter company that helped Tier to set up its operations in North America.
- In November 2021, Lime announced that it had raised a funding of US$ 523 Million 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 most diverse micro-mobility provider.
- In November 2021, Bird joined 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 the ‘VOGO Keep’ platform which allows people to keep their vehicle for a minimum of 12 hours and a maximum of 60 days.
- In November 2019, California-based E-scooter company OjO Electric Corp announced they were 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 Grow Mobility. After their merger, Grow Mobility became the largest E-scooter sharing provider in South America.
Leading Key Players:
- Neutron Holdings, Inc.
- 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
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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
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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