E-Scooter Sharing Market

E-Scooter Sharing Market Outlook (2024 to 2034)

On the back of continuously improving accessibility, the global e-scooter sharing market has been analyzed at a value of US$ 1.9 billion in 2024. Over the forecast period (from 2024 to 2034), worldwide revenue from e-scooter sharing services is forecasted to exhibit 16% CAGR (compound annual growth rate), leading to a market size of US$ 8.3 billion by 2034-end.

E-scooter sharing programs ensure easy-to-use mobility for different last-mile trips. Increasing popularity of shared mobility is anticipated to increase demand for e-scooters. Further, they are comparatively small in size, therefore need less space for parking. Thus, providers of e-scooter sharing solutions and governments are stimulating regular commuters to use these services as an easier, more economical, and more convenient way to get around.

Increasing popularity along with the preference for shared mobility is anticipated to generate demand for e-scooter sharing solutions. Greater flexibility, user-friendly features, and favorable cost structure of these services are forecasted to contribute to the expansion of the e-scooter sharing market size.

• East Asia is expected to account for 26% share of the global market by the end of the assessment period in 2034.
• Demand for e-scooter sharing solutions in South Korea is set to accelerate at 17.6% CAGR from 2024 to 2034.
• Worldwide demand for free-floating e-scooter sharing solutions is forecasted to increase at a CAGR of 15.5% and reach a value of US$ 7.4 billion by 2034-end.

Rising focus on the development of free-floating programs offering flexibility in booking vehicles according to the preferred locations of respective consumers, which is further forecasted to widen opportunities for players. In addition, growing requirements for clean vehicles around the world are set to positively influence e-scooter sharing market trends in the coming 10 years. Increasing concerns about greenhouse gas and carbon emissions, the high mechanical efficiency of e-scooters, and the inclination to lightweight vehicles are anticipated to serve as growth driving factors in the global market going forward.

Report Attributes	Details
E-Scooter Sharing Market Size (2024E)	US$ 1.9 Billion
Forecasted Market Value (2034F)	US$ 8.3 Billion
Global Market Growth Rate (2024 to 2034)	16% CAGR
Japan Market Growth Rate (2024 to 2034)	17.4% CAGR
North America Market Share (2034F)	31.5%
Market Share of Free-floating Segment (2034F)	89%
Key Companies Profiled	GoTo Global Mobility Ltd.; Neutron Holdings, Inc.; VOI Technology; Cityscoot; Lyft Inc.; Cooltra Motosharing, S.L.U; Vogo Automotive Pvt. Ltd.; Bird Global Inc.

Which Aspects are Increasing Popularity of E-Scooter Sharing Services?

“Growing Traffic Congestion Driving Demand for E-Scooter Sharing Services”

Rising traffic congestion in various urban areas is projected to positively impact demand for some alternative solutions. The increasing urban population is contributing to growing traffic congestion, particularly during peak hours, due to daily commuters. Therefore, to minimize these issues, various countries are exploring alternative options, which are leading to the adoption of e-scooter sharing solutions.

Daily commuters are encouraged to utilize e-scooter sharing solutions by various service providers and governments. More individuals are becoming conscious of this green movement, which is stimulating them to incline toward electric vehicles for commute. Low space requirements in parking lots and on the road and the compact size of scooters are projected to help minimize traffic congestion. They also help in maintaining a clean environment with no carbon emissions.

“Technological Advancements Improving Product Quality”

Some of the prominent market players are constantly emphasizing product improvements to make them more functional and effective. This micro mobility is in increased demand and the availability of custom-designed vehicles is estimated to help in matching the requirements of respective end users.

Shared scooters are projected to handle multiple road surfaces with more effectiveness. They are capable of withstanding numerous weather conditions in comparison to conventional commute options. Thus, constant technological advancements are expected to get the attention of end users to these services.

Which Roadblocks Limit Deployment of E-Scooters?

“High Licensing Fee and Stringent Government Regulations”

E-scooter sharing market growth is forecasted to be restrained to some extent by numerous counterfactors. Implementation of stringent rules and regulations along with constantly changing requirements for driver’s licenses are expected to limit opportunities for market players.

Lack of completely dedicated lanes for use by e-scooters is estimated to discourage commuters from the use of shared transportation. In addition, high upfront licensing fees and lower durability lead to shorter lifespans of solutions, which are also projected to adversely impact market growth.

Which Initiatives are Startups Taking to Secure Their Market Position?

“Incorporation of IoT and AI in E-Scooters”

There are lucrative opportunities available for startups in this marketplace with the growing inclination of more individuals to e-scooters. They need to invest more in the incorporation of some advanced technologies, such as IoT (Internet of Things), AI (Artificial Intelligence), etc., to make them more appealing to respective end users, subsequently increasing the profit share of service providers.

Country-wise Insights

North America is forecasted to hold 31.5% of the global market share by the end of 2034. The increasing adoption of e-scooter sharing services among the younger generation is owing to their environment-friendly features. Furthermore, flexibility, convenience, and technological advancements in e-scooters are also expected to generate opportunities for service providers.

How is the Market in the United States Anticipated to Perform Going Forward?

“Growing Inclination of Youngsters toward E-Scooter Sharing Services”

Attribute	United States
Market Value (2024E)	US$ 300 Million
Growth Rate (2024 to 2034)	15.7% CAGR
Projected Value (2034F)	US$ 1.2 Billion

The United States is set to hold 45.6% share of the market in North America by 2034. E-scooter sharing services are becoming more popular in the United States, especially among the younger generation. Flexible parking policies, mobility, and low fares for e-scooters are estimated to contribute to the rising traction for e-scooter sharing solutions.

Why is China Viewed as a Hub for E-Scooter Sharing Solutions?

“Expansion of Electric Scooter Market and Supportive Government Initiatives”

Attribute	China
Market Value (2024E)	US$ 200 Million
Growth Rate (2024 to 2034)	16.8% CAGR
Projected Value (2034F)	US$ 1 Billion

China is anticipated to account for 47.5% of East Asian market revenue by 2034-end. An expansion of the electric two-wheeler market in the country is projected to widen the scope for providers of e-scooter sharing services. In addition, increasing investments by the government in China for the development of e-scooter sharing solutions are forecasted to positively impact market growth.

Category-wise Insights

Rising popularity of free-floating e-scooter sharing solutions is attributed to their improved accessibility and mobility for users. Users are given the flexibility to pick and place vehicles at key locations according to their convenience. These user-friendly features of e-scooter sharing services are contributing to their popularity, as asserted in the study published by Fact.MR, a market research and competitive intelligence provider.

Why are Free Floating E-Scooter Sharing Solutions More in Demand?

“Flexibility of E-Scooter Sharing Services Enhancing User Experience”

Attribute	Free Floating
Segment Value (2024E)	US$ 1.8 Billion
Growth Rate (2024 to 2034)	15.5% CAGR
Projected Value (2034F)	US$ 7.4 Billion

Free-floating e-scooter sharing services are set to hold 89% share of the global market by the end of the assessment period in 2034. This sharing method eliminates the requirement for riders to pick up and return their used e-scooters at particular locations. Riders are given the flexibility to park their scooters in designated parking spaces or on the sidewalk. Further, increased accessibility and mobility for users are forecasted to result in a minimal churn rate, which is projected to contribute to the popularity of these services.

Recharging of vehicles is less dependent on locations owing to the use of swappable batteries. Users are capable of saving manpower and time by swapping batteries instead of collecting batteries for charging purposes. In the majority of metro cities, free-floating e-scooter sharing solutions work as a convenient option.

Which Sales Channel is Widely Preferred for E-Scooter Sharing Services?

“Online Channels Proliferating with Growing Digitalization”

Attribute	Online Channels
Segment Value (2024E)	US$ 1.8 Billion
Growth Rate (2024 to 2034)	15.1% CAGR
Projected Value (2034F)	US$ 7.1 Billion

Online distribution channels are estimated to account for 86% of the e-scooter sharing market share by the end of 2034. Expansion of e-Commerce platforms along with their convenience in offering services to consumers while staying at their home setting is anticipated to generate demand for e-scooter sharing solutions through these online channels.

Competitive Landscape

The global market is consolidated with the presence of some major players, who hold significant shares of the market. These prominent players are emphasizing geographic expansion to capture untapped markets. In addition, partnerships, new product development, quality control of services, etc., are ensured by them.

For instance :

• Neuron Mobility entered into a partnership with Lime in 2021 to offer e-bikes and e-scooters in Christchurch, New Zealand.

Key players in the e-scooter sharing market include GoTo Global Mobility Ltd., Neutron Holdings, Inc., VOI Technology, Cityscoot, Lyft Inc., Cooltra Motosharing, S.L.U., Vogo Automotive Pvt. Ltd., and Bird Global Inc.

Segmentation of E-Scooter Sharing Market Research

• By Type :

  • Free-floating
  • Station-bound

• By Distribution Channel :

  • Online
  • Offline

• By Region :

  • North America
  • Europe
  • East Asia
  • Latin America
  • Middle East & Africa
  • South Asia & Oceania