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North America Electric Two-Wheeler Sharing Market by Vehicle, Model, Country, Growth, and Demand Forecast, 2013–2023 Including Key Players Scoot Networks, Skip Scooters, Bird Rides Inc., Lime, and Spin

11-14-2018 11:21 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

North America Electric Two-Wheeler Sharing Market by Vehicle,

The North American electric two-wheeler sharing market is projected to grow considerably in the coming years, owing to growing demand for quick and affordable last-mile connectivity, ease of availability, improvements in the energy storage systems, and significant technological advancements needed for efficient fleet management and vehicle sharing systems.

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Based on the vehicle, the North American electric two-wheeler sharing market has been categorized into scooters, kick-scooters, bikes, and others. The bikes category had a significant share in the market in 2017, owing to their early introduction as compared to other categories. In addition, heavy investments made by leading vehicle-sharing companies into electric bike-sharing start-ups is further expected to boost the market during the forecast period.

For instance, in April 2018, Uber Technologies Inc. made a $200 million acquisition of bike-sharing start-up JUMP and further plans to bolster the start-up through significant investment. Such investments helped various electric bike-sharing start-ups to establish a sustainable business model and increase their consumer base, thereby driving the demand for electric bikes. However, kick-scooters are expected to be the fastest growing category during the forecast period.

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As per the permit, a maximum of 625 scooters are allowed to be operated by each company in the first six months, which can be potentially increased to a maximum limit of 2,500 in seven to twelve months after the SFMTA’s approval. Thus, unplanned, unorganized, and rapid influx of such business models can prove to be a crucial challenge for the North American electric two-wheeler sharing market to survive.

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The North American electric two-wheeler sharing market is dominated by the vehicle sharing start-ups and is marked by the growing number of acquisitions, and financial backings or investments. Some of the key players in the market are Scoot Networks, Skip Scooters, Bird Rides Inc., Lime, and Spin (formerly known as Skinny Labs Inc.).

About P&S Intelligence
P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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