The increasing population in many cities around the world is causing a sharp surge in the number of daily commuters, which, in turn, is leading to road congestion, especially during peak hours of the day. One of the most effective solutions to the problem is to increase the adoption of various ride-sharing services such as scooter sharing services. As a result, the governments of several countries are rapidly implementing regulations and policies for promoting the adoption of scooter-sharing services.
As scooters are smaller and have more compact sizes than other vehicles the increasing adoption of scooter-sharing services plays a pivotal role in reducing road congestion, which subsequently reduces the prevalence of road accidents. In addition to this, the deployment of ride-sharing services greatly reduces the number of vehicles running on the roads, which leads to a significant reduction in greenhouse gas emissions. At a time when air pollution is increasing at an alarming rate in several cities, the adoption of ride-sharing services is turning out to be a great method for mitigating environmental degradation.
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Due to the rising road congestion in cities and towns, rapid technological advancements, greater convenience, and increasing concerns over the emission of greenhouse gases and the resultant shift toward eco-friendly modes of travel, the global scooter sharing market is expected to witness significant growth during the forecast period (2019–2025). The market is predicted to advance at a 24.4% CAGR during the forecast period and attain $553.0 million in revenue by 2025, a considerable increase from its recorded value of $99.8 million in 2018.
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