Global Electric Scooter Rentals Market Overview:
Electric Scooter rental is the term used to describe the temporary rental of an Electric Scooter. Users pay for motor vehicle rental on an hourly basis, either in advance before using the vehicle or through a subscription. The user can locate the nearest parking space to pick up the car or park the car closest to the destination. Users can access these rental services via mobile apps. Lessees are verified by a two-wheeler rental company by verifying their driver's licence and other national certificates. Renting a bike has become much easier and more convenient since its digitization. Furthermore, users prefer the Electric Scooter rental service because they do not have to worry about maintenance and can easily pick up the Electric Scooter at the nearest dock. The global electric scooter rental market is estimated to increase due to rising demand for micro-mobility services as a method of transportation due to their cost-effectiveness and a focus on the development and availability of sustainable modes of transportation.
|Unit||Value (USD Million)|
|Key Companies Profiled||Helbiz (United States), Lime (United States), Jump (United States), Bird (United States), Grow Mobility (China), nextbike (Germany), Cityscoot (France), Lyft (United States), Bolt (Estonia) and Ola Electric (India)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
- Market Driver
- Increasing Demand for Micro Mobility and Emission-Free Vehicles
- Growing Adoption of Electric Scooters for Short Commute
- Increased Use of Smartphones
- High Cost of Rental Services
- Lack of Charging Infrastructure in Developing Nations may hamper Market Growth
- Rising Awareness towards Environment and Cheaper Transportation Mode
- Increasing Investments by Ride-Hauling Companies in Micro-mobility Space
- Stringent Government Regulations on Pollution
- Customer Retention is one of Major Challenge Faced by Electric Scooter Rental
The demand for electric scooter rental is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Helbiz, Lime, Jump, Bird and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders such as Helbiz, Lime, Jump, Bird demonstrate a market-defining vision of how electric scooter rental can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings.
Some of the key players profiled in the report are Helbiz (United States), Lime (United States), Jump (United States), Bird (United States), Grow Mobility (China), nextbike (Germany), Cityscoot (France), Lyft (United States), Bolt (Estonia) and Ola Electric (India). Additionally, following companies can also be profiled that are part of our coverage like Neuron Mobility (Singapore), Bounce Share (India) and Spin (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Electric Scooter Rentals market by 2027. Considering Market by Propulsion, the sub-segment i.e. Pedal will boost the Electric Scooter Rentals market. Considering Market by Operational Model, the sub-segment i.e. Dockless will boost the Electric Scooter Rentals market. Considering Market by Service Type, the sub-segment i.e. Pay as you go will boost the Electric Scooter Rentals market.
In July 2021 Helbiz had announced the launch of E-Scooter Rental Service in Italy. Helbiz teamed up with Telepass to create a fleet of 300 safe and innovative electric scooters in Reggio Emilia's downtown and neighbouring areas. This contributes to Helbiz's ongoing expansion efforts in Italy, with the company now operating in 25 locations. Users can use the Helbiz or TelepassPay mobile apps on iOS and Android to geolocate, rent, and unlock e-scooters with a single tap. In addition, Helbiz has created dedicated parking spots across Reggio Emilia.
What Can be Explored with the Electric Scooter Rentals Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Electric Scooter Rentals Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Electric Scooter Rentals
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Electric Scooter Rentals market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Electric Scooter Rentals market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Government & Regulatory Bodies, Electric Scooter Manufactures, End-use industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Electric Scooter Rentals Market?
The Electric Scooter Rentals market is expected to see a CAGR of % during projected year 2021 to 2027.
2. Who are the top performing companies in Electric Scooter Rentals Market?
Top performing companies in the Global Electric Scooter Rentals market are Helbiz (United States), Lime (United States), Jump (United States), Bird (United States), Grow Mobility (China), nextbike (Germany), Cityscoot (France), Lyft (United States), Bolt (Estonia) and Ola Electric (India), to name a few.
3. What trending factors would impact Electric Scooter Rentals Market growth most?
"Rise in Tourism to Fuel Market Growth" is seen as one of major influencing trends for Electric Scooter Rentals Market during projected period 2021-2027.