Press release
Global Scooter Sharing Market Size, Share, Trends, Growth & Forecast to 2025 | Top Players are Cityscoot SAS (Cityscoot), COUP Mobility GmbH (COUP), Cooltra Motosharing S.L.U. (eCooltra), and Weimo Technology Co. Ltd. (WeMo).
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The rapid rise in technological innovations is another major factor driving the advance of the scooter sharing market. Such services are heavily dependent on technology for smooth back-end functioning and allow the users to access these rides 24/7;the service providers and customers connect via mobile applications. The technological advancements in ride sharing have created numerous interesting concepts, which have caused the market to prosper. Additionally, the adoption of this commuting modehas also been boosted by the integration of cloud competing and the various services provided by it.
The increasing concerns raised over the emission of greenhouse gases and the resultant rise in environmental degradation are propelling the growth of the scooter sharing market. The exhaust fumes released from vehicles is one of the biggest factors responsible for the poor and hazardous quality of air. As more than 95% of the scooters offered as part ofthese sharing services are powered by electricity, scooter sharing is one of the best ways to reduce the environmental pollution caused due to the wide-scale use of fossil-fuel-based vehicles.
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The scooter sharing market is bifurcated, on the basis of trip, into one-way and round trips. Of these, the one-way trip bifurcation is expected to hold the larger market share, in terms of revenue, during the forecast period. This is primarily attributed to the burgeoning utilization of scooter sharing services for short rides to nearby destinations, which allows for the efficient management of travel time and expenses. People are mostly availing these services for first- and last-mile connectivity.
Globally, Europe recorded the largest share in the scooter sharing market, in terms of revenue, in 2018. The main factor that contributed toward the region's market hold was the early adoption of scooter sharing services here. The concept has been thriving in Europe since 2016, and it was observedthat in 2018, more than 60 cities in the region had such schemes. The fastest growth in the market is expected to be witnessed in Asia-Pacific (APAC), mainly due to the large-scale deployment of these services in India.
The scooter sharing market is currently at the growing phase, and it consists of several major players, such as Weimo Technology Co. Ltd. (WeMo), Cooltra Motosharing S.L.U. (eCooltra), Cityscoot SAS (Cityscoot), and COUP Mobility GmbH (COUP). The other prominent players operating in the market are Felyx Sharing B.V., Sharing Muving S.L.U. (Muving), Electric Mobility Concepts GmbH (emmy),MiMoto Smart Mobility Srl, Vogo Automotive Pvt. Ltd. (Vogo), YUGO Urban Mobility SL (YEGO), Wicked Ride Adventure Services Pvt. Ltd. (Bounce), Econduce SAPI de CV, and Scoot Rides Inc. (Scoot).
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P&S Intelligence 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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