Electric Scooter Sharing Service Market Research Report, Its History and Forecast 2024 to 2031

Executive Summary

The Electric Scooter Sharing Service market research reports highlight the current market conditions and trends in the industry. The market is experiencing significant growth, with a projected CAGR of 10% during the forecasted period.

The market trends in the Electric Scooter Sharing Service industry include increasing adoption of electric scooters as a convenient and eco-friendly mode of transportation. The demand for electric scooters has been rising due to the growing emphasis on reducing carbon emissions and promoting sustainable transportation options. Additionally, the availability of smartphone apps for easy scooter rental and payment options has also contributed to the market growth.

Geographically, the Electric Scooter Sharing Service market is spreading across regions such as North America (NA), Asia-Pacific (APAC), Europe, USA, and China. In North America, the market is witnessing rapid growth, driven by the increasing urbanization and the need for efficient last-mile transportation solutions. In Asia-Pacific, countries like China are experiencing a surge in demand for electric scooters, as consumers look for cost-effective and convenient ways to commute in crowded cities.

In Europe, the market is expanding due to the supportive government policies promoting electric vehicles and sustainable transportation. The USA is also witnessing a growing trend towards electric scooter sharing services, especially in urban areas with high population density.

Overall, the Electric Scooter Sharing Service market is expected to continue its growth trajectory in the coming years, fueled by increasing consumer awareness about environmental sustainability and the need for efficient urban transportation solutions.

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Market Segmentation:

This Electric Scooter Sharing Service Market is further classified into Overview, Deployment, Application, and Region. 

In terms of Components, Electric Scooter Sharing Service Market is segmented into:

• Lime
• Bird
• Gogoro
• Skip Scooters
• Vogo Automotive
• Yellow
• Dott
• Mobike
• MeiTuan
• Spin
• Niu International

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The Electric Scooter Sharing Service Market Analysis by types is segmented into:

• Dockless
• Station-based

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The Electric Scooter Sharing Service Market Industry Research by Application is segmented into:

• Age 18-24
• Age 25-34
• Age 35-44
• Other

In terms of Region, the Electric Scooter Sharing Service Market Players available by Region are:

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

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Key Drivers and Barriers in the Electric Scooter Sharing Service Market

Key drivers in the Electric Scooter Sharing Service market include increasing urbanization, growing demand for sustainable transportation options, and technological advancements in electric scooters. Barriers include regulatory challenges, concerns about safety and infrastructure limitations.

Challenges faced in the market include addressing issues related to vandalism and theft of scooters, managing fleet operations efficiently, ensuring compliance with regulations and maintaining profitability in a competitive market. Additionally, concerns about the environmental impact of discarded scooters and potential backlash from local communities are also significant challenges for electric scooter sharing service providers.

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Competitive Landscape

One of the key players in the electric scooter sharing service market is Lime, which was founded in 2017 and has quickly expanded its operations globally. Lime has raised over $700 million in funding and operates in over 100 cities worldwide. The company's market size is estimated to be around $2 billion. Lime has seen significant market growth due to its user-friendly app and widespread availability of scooters in urban areas.

Bird is another major player in the electric scooter sharing market, founded in 2017 and valued at over $2 billion. Bird operates in over 100 cities globally and has raised over $400 million in funding. The company has seen rapid market growth due to its focus on sustainability and convenience for users. Bird's market size is estimated to be around $1 billion.

Gogoro is a Taiwanese electric scooter sharing service that has gained popularity in Asia and Europe. The company was founded in 2011 and has raised over $800 million in funding. Gogoro has a unique business model that includes swappable batteries for its scooters, which has contributed to its market growth. The company's market size is estimated to be around $500 million.

In terms of sales revenue, Lime reported revenues of over $400 million in 2019, while Bird reported revenues of over $250 million for the same year. These figures highlight the significant market opportunity in the electric scooter sharing service industry and the strong growth potential for companies in this space. Other players such as Spin, Dott, and Mobike have also seen strong market growth and are expected to continue expanding their operations in the coming years.

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