Press release
E-Scooter Sharing Market Poised to Hit $2.85 Billion by 2029 with Accelerating Growth Trends
E-Scooter Sharing
E-Scooter Sharing Market Size Growth Forecast: What to Expect by 2025?
The market size of E-scooter sharing has experienced significant growth recently. It's projected to rise from $1.33 billion in 2024 to $1.55 billion in 2025, with a compound annual growth rate (CAGR) of 16.8%. The expansion during the historic period is due to factors such as urbanization, end-route connectivity, advancements in mobile technology, investment and funding, and a preference for more eco-friendly modes of transport.
How Will the E-Scooter Sharing Market Size Evolve and Grow by 2029?
The market for E-scooter sharing is predicted to expand swiftly in the forthcoming years, reaching a market size of $2.85 billion in 2029 with a CAGR of 16.4%. The growth during the forecast period can be attributed to factors such as the penetration into fresh markets, the broadening of provided services, enhancements in user experience, smart city projects, and micromobility hubs. Key trends foreseen during this period include moving into suburban and rural sections, proliferation of dockless charging facilities, the surge of subscription-based services, embracing of artificial intelligence and collaborations with local enterprises.
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What Drivers Are Propelling the Growth of E-Scooter Sharing Market Forward?
The rise in greenhouse gas and carbon emissions is anticipated to spur the growth of the e-scooter-sharing market in the coming years. Greenhouse gases contribute to global warming by trapping heat in the Earth's atmosphere, while carbon emissions, particularly carbon dioxide (CO2), are released into the air predominantly from the combustion of fossil fuels such as coal, oil, and gas. Activities led by humans, such as burning fossil fuels, deforestation, industrial operations, and agriculture, are hugely responsible for these emissions. By championing environmentally-friendly travel, decreasing car dependency, facilitating last-mile connectivity, promoting shifts in transportation modes, and minimizing energy usage, e-scooter-sharing services play a crucial role in curbing carbon emissions. For example, data from the France-based International Energy Agency in August 2024 revealed that global CO2 emissions from fuel combustion surged by 1.3% in 2022, surpassing the levels before the COVID-19 pandemic. China and the US were responsible for 45% of these emissions, followed by the European Union, India, Russia, and Japan. Thus, the escalating greenhouse gas and carbon emissions are fuelling the expansion of the e-scooter-sharing market.
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Which Emerging Trends Are Transforming the E-Scooter Sharing Market in 2025?
Leaders in the e-scooter-sharing market are strategizing to create innovative services, such as shared mobility, to enrich user experiences and maximize operational efficiency. Shared mobility encompasses transportation alternatives where one vehicle or ride is utilized by multiple individuals. This encompasses options such as car-sharing, bike-sharing, and ride-hailing, with a goal to discourage private car ownership and boost eco-friendly transportation. An example is Dott, a Netherlands' micromobility company that initiated a shared e-scooter service in Stockholm, Sweden in April 2022. With 1,500 units tailored to amplify safety and convenience, Dott's e-scooters have introduced a novel mobility solution in Stockholm. Notable features encompass sizable wheels, extensive lighting, triple braking, and license plates. These scooters follow a 20 km/h speed limit and include slower and no-ride zones, enforced by a built-in software system. Furthermore, Dott promotes prudent riding through e-learning modules accessible through its app, promising safety and a hassle-free commute for locals and tourists alike.
What Are the Key Segments in the E-Scooter Sharing Market?
The E-scooter sharing market covered in this report is segmented -
1) By Type: Free-Floating, Station-Bound
2) By Distribution Channel: Online, Offline
3) By End-User: Personal, Commercial
Subsegments:
1) By Free-Floating: GPS-Enabled E-Scooters, Smartphone App-Based Rentals
2) By Station-Bound: Docking Station-Based Rentals, Fixed Station Locations
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Who Are the Key Players Shaping the E-Scooter Sharing Market's Competitive Landscape?
Major companies operating in the e-scooter sharing market are Xiaomi Corporation, Helbiz Inc., Lyft Inc., Coup Mobility GmbH, Gogoro Inc., VOI Technology, Tier Mobility, Cooltra Corporate S.L., Hellobike, LimeBike Inc., Bird Rides Inc., Felyx B.V., GoTo Global Mobility Ltd., Beam Mobility Holdings Pte Ltd., Wheels Labs Inc., Neuron Mobility Pte Ltd., OjO Electric LLC., Inokim Electric Scooters, Ridepanda Inc., Wind Mobility Ltd., Circ Mobility GmbH
What Geographic Markets Are Powering Growth in the E-Scooter Sharing Market?
Europe was the largest region in the e-scooter sharing market in 2024. The regions covered in the e-scooter sharing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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