E-Scooter Sharing Market Growth Opportunities and New Demand Analysis Research Report by 2030

E-Scooter Sharing Market is estimated to reach USD 40.26 Billion by 2030, The high adoption rate of electric vehicles all around the globe is contributing to the growth of the market.

According to the survey conducted by SNS Insider, the demand for e-scooter is on elevated pitch mainly in the APAC region. The demand is mainly because of the sustainability and the supportive actins from the consumers and OEMs for meeting the net zero goal.   

Market Size:

E-scooter sharing market size was estimated at USD 22.57 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.5% over the forecast period of 2023-2030, to reach USD 40.26 billion by 2030.

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Market Scope:  

The E-Scooter Sharing industry is expanding at an unprecedented rate, driven by the growing demand for convenient and eco-friendly urban transportation solutions. The proliferation of smartphone applications facilitating seamless scooter rental services has fueled this surge. The market's potential is underscored by the increasing global awareness of environmental sustainability, prompting individuals to opt for electric scooters as an eco-conscious alternative to traditional modes of transportation.

Industry Analysis:

Traditional modes of transportation are being redefined as electric scooters seamlessly integrate into the urban fabric. The market is characterized by a diverse range of offerings, with companies adopting various business models to capture market share. The rising demand for sustainable and convenient last-mile transportation has fueled the growth of e-scooter sharing services. Regulatory challenges, however, loom large over the industry, creating a complex environment for operators. As the market matures, a keen understanding of user behavior and effective utilization of data will be crucial for sustained success.

Key Companies:

NYCeWheels (U.S.), GOVECS GmbH (Germany), Ampere Vehicles Pvt. Ltd. (India), Amego Electric Vehicles Inc. (Canada), Gogoro Inc. (Taiwan), Terra Motors Corporation (Japan), Vmoto Limited (Australia), Jiangsu Xinri Electric Vehicle Co. Ltd. (China), Hero Electric Vehicles Pvt. Ltd. (India), Kumpan Electric (Germany), Torrot Group (Spain), Mahindra GenZe (U.S.), and Ather Energy (India) are some of the major key companies in the industry.

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Segment Analysis:

The rising investments can be considered as the overall element which is determining the growth for market. The commuter segment is expected to grow at the fastest rate in the coming years, as more and more people are looking for eco-friendly and convenient ways to get around cities. The tourist segment is also expected to grow steadily, as more and more people are choosing to visit cities without cars. The leisure rider segment is expected to grow as well, as e-scooters become more popular for recreational activities. The investments have been raised by 42% by the government of emerging economies.

Regional Analysis:

Here is he regional analysis of all the major regions from where the OEM have witnessed major revenues, In North America, a surge in environmental consciousness and urban mobility challenges propels the E-Scooter market forward, with cities like San Francisco and Portland embracing these two-wheeled electric marvels. In contrast, European cities such as Paris and Barcelona showcase a symbiotic relationship between historical urban planning and modern electric mobility solutions. The Asia-Pacific region, characterized by diverse economic landscapes, witnesses a spectrum of adoption rates, with densely populated metropolises like Tokyo and Singapore championing the e-scooter cause. Examining the regional intricacies, it becomes apparent that cultural, infrastructural, and regulatory nuances play pivotal roles in shaping the trajectory of E-Scooter Sharing, rendering it an ecosystem where local idiosyncrasies intertwine with global trends, painting a rich and dynamic canvas for the industry's future.

Key Takeaways:

One important trend is the escalating adoption of electric scooters as a convenient and eco-friendly mode of transportation.
Challenges such as regulatory hurdles and concerns about rider safety underscore the need for a balanced approach to sustainable urban transportation

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Recent Industry Development:   

Voi announced that it had partnered with Microsoft to integrate its e-scooters into Microsoft's Azure Maps platform. The partnership will allow Microsoft developers to integrate e-scooter data into their apps and services.
Improved battery technology: This will allow e-scooters to have longer ranges and shorter charging times.
Autonomous e-scooters: This will allow e-scooters to navigate their own way around cities, without the need for human input.
Sharing economy integration: This will allow e-scooters to be integrated with other sharing economy services, such as bike sharing and car sharing.

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Akash Anand - Head of Business Development Strategy

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SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

This release was published on openPR.