According to SNS Insider’s research, the growth of the e-scooter sharing market can be attributed to a combination of factors, including the increasing demand for sustainable transportation solutions, the cost-effectiveness and convenience of e-scooter rentals, technological advancements, smart city initiatives, and supportive government policies.

The e-scooter sharing market, as per the SNS Insider report, achieved a valuation of USD 22.57 billion in 2022 and is projected to attain USD 40.26 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2023 to 2030.

Market Report Scope

E-scooter sharing is a revolutionary concept that has gained significant traction in recent years, transforming urban mobility and providing an eco-friendly alternative to traditional transportation methods. This innovative service allows users to rent electric scooters on a short-term basis, typically through a smartphone application. The main pointers defining e-scooter sharing include its environmentally friendly nature, ease of use, and cost-effectiveness. Users can conveniently locate, unlock, and ride e-scooters, promoting last-mile connectivity and reducing traffic congestion.

Request a Sample Copy of the Research Report: https://www.snsinsider.com/sample-request/1214

Market Analysis

The e-scooter sharing market is experiencing robust growth, driven by several key factors. Firstly, the increasing emphasis on sustainable transportation solutions has propelled the demand for electric scooters. Additionally, the rise of smart city initiatives and the growing awareness of the environmental impact of traditional transportation have boosted the adoption of e-scooter sharing. Furthermore, the convenience offered by these services, coupled with advancements in technology and infrastructure, has significantly contributed to the expansion of the market. Government initiatives and regulatory support also play a crucial role in propelling the e-scooter sharing market forward. Many governments around the world are embracing these services as part of their broader strategy to reduce traffic congestion, lower carbon emissions, and enhance overall transportation efficiency. Regulatory frameworks that facilitate the integration of e-scooters into existing transportation systems and ensure rider safety contribute to the market’s sustained growth.

Impact of Recession

The ongoing global recession has presented a mixed impact on the e-scooter sharing market. On one hand, economic downturns may lead to reduced disposable income, potentially affecting the willingness of individuals to spend on non-essential services such as e-scooter rentals. However, the recession has also accelerated the shift towards cost-effective and sustainable transportation options, with e-scooter sharing emerging as a viable solution. As individuals seek affordable alternatives, the market may witness increased demand during challenging economic times.

Impact of Russia-Ukraine War

The Russia-Ukraine war has introduced uncertainties into the global economic landscape, impacting various industries, including e-scooter sharing. The conflict’s negative repercussions, such as increased geopolitical tensions and economic instability, may pose challenges to the market’s growth. Supply chain disruptions, fluctuating fuel prices, and altered consumer behavior could influence the adoption of e-scooter sharing. However, amidst the turmoil, the focus on sustainable and resilient urban mobility solutions may drive governments and communities to further invest in e-scooter sharing as part of their long-term planning.

Key Regional Development

In North America, the e-scooter sharing market is thriving due to a combination of supportive regulatory environments and a tech-savvy population. Major cities are witnessing increased adoption, driven by the need for efficient and sustainable urban transportation. Europe exhibits a robust e-scooter sharing landscape, with cities embracing these services to address congestion and reduce emissions. Strict environmental regulations and the push for green mobility contribute to the market’s growth. The Asia-Pacific region, particularly in densely populated urban areas, is a hotspot for e-scooter sharing. The market is bolstered by the rising awareness of environmental issues and the quest for convenient, short-distance travel solutions.

Key Takeaway from E-Scooter Sharing Market Study

• The retro segment is poised to dominate the market, fueled by the nostalgia-driven aesthetic preferences of riders. Classic designs and vibrant colors evoke a sense of style, attracting a diverse demographic.
• Simultaneously, the Li-ion segment is set to play a pivotal role, with lithium-ion batteries offering enhanced performance, longer battery life, and faster charging capabilities. The combination of retro appeal and advanced battery technology positions these segments as key drivers of the e-scooter sharing market’s future success.

Recent Developments Related to E-Scooter Sharing Market

• Electric scooter sharing company Zypp has recently forged a collaboration with Spencer’s Retail, a prominent player in the retail industry. This partnership is poised to reshape the landscape of urban logistics by incorporating eco-friendly transportation solutions into the delivery ecosystem.
• Bird has announced a substantial expansion of its operations in the metropolis. As the city embraces the adoption of electric scooters as part of its urban mobility strategy, Bird is set to play a pivotal role in shaping the future of transportation in the Big Apple.

About Us:

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.

Contact Us:

Akash Anand – Head of Business Development Strategy

Email: info@snsinsider.com

Phone: +1–415–230–0044 (US) | +91–7798602273 (IND)

Website: https://www.snsinsider.com