Scooter Sharing Market Comprehensive Study by Key Players like Cityscoot, eCooltra, Coup Mobility, Uber

In 2018, the global scooter sharing market generated a revenue of $99.8 million and is projected to attain $553.0 million in 2025, registering a 24.4% CAGR during the forecast period (2019-2025). The market is growing due to the greater convenience of these services, surging road congestion in urban areas, increasing concern over greenhouse gas emissions, and technological advancements. In terms of trip, the market is bifurcated into round and one-way, between which, the one-way trip is expected to hold the larger share of the market during the forecast period.

Among all the regions, namely Europe, Latin America (LATAM), Asia-Pacific (APAC), and North America, Europe accounted for the major share of the scooter sharing market in 2018 and is further predicted to dominate the market during the forecast period. The reason for this is the early adoption of these services in the region. The APAC region is expected to witness the fastest growth during the forecast period because of the surging adoption of scooter sharing services in India.

The rapidly increasing road congestion in urban areas is among the primary driving factors of the scooter sharing market. The surging population in major cities around the globe has resulted in a rising number of daily commuters, which, in turn, is leading to growing road congestion, primarily during peak hours. In order to deal with these problems, countries are looking for new alternatives. Governments and scooter sharing service providers are encouraging the usage of scooters for daily travelers. This can decrease traffic congestion as scooters occupy less space on the road and parking spaces.

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Scooter sharing services are highly convenient for the general public, majorly daily commuters, which is also resulting in the growth of the scooter sharing market. The users can reach their desired destination without owning a private vehicle. In addition to this, owning a private vehicle has its own responsibilities, such as insurance claims, parking arrangements, charge of the vehicle, and vehicle's maintenance costs. However, by making use of scooter sharing services, the user just needs to pay for the distance traveled on the basis of time, along with an initial registration cost.

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Thus, the greater convenience of scooter sharing services, increasing road congestion, surging concern regarding greenhouse gas emissions, and technological advancements are driving the market.

The research offers market size of the global scooter sharing market for the period 2017-2025.

Market Segmentation by Trip
One-way
Round

Market Segmentation by Region
North America - U.S. and Canada
Europe - Italy, Germany, Netherlands, Spain, France, Austria, Portugal, Poland, Belgium, Switzerland, and Rest of Europe
APAC - China, India, Taiwan, and Rest of APAC
LAMEA - Mexico, Brazil, and Rest of LAMEA

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This release was published on openPR.