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Kick Scooter Sharing Market Witnessing Massive Growth says P&S Intelligence
The benefits offered by these services have lured in a large population of the millennials, who fall within the age bracket of 20 to 35 years. Millennials consider kick scooter sharing an enjoyable and fun commuting option and find these services useful for sightseeing and exploring while traveling to new places. Thus, the concept of kick scooter sharing is gaining popularity among young tourists on account of the flexibility of mobility and parking offered by it.
On account of the increasing popularity, Neutron Holdings Inc. (Lime), Taxify OU (Bolt), TIER Mobility GmbH (Tier), Neuron Mobility Pte. Ltd., Skinny Labs Inc. (Spin), Bird Rides Inc. (Bird), emTransit B.V. (Dott), BYKE Mobility GmbH (Wind), Grin Scooters SAPI de CV (Grin), Waybots Inc. (Skip), Beam Mobility Holdings Pte. Ltd. (Beam), Bycyshare Technologies Pvt. Ltd. (Mobycy), LMTS Holding S.C.A. (Circ), and mytaxi Polska sp. Z.o.o. (Hive) are entering the fray.For instance, Lime launched 100 kick scooters in Roanoke Island, North Carolina , in October 2019 and250 kick scootersin Montreal, Canada , in August 2019 .
Geographically, North America is expected to lead the kick scooter sharing market in the coming years due to such a strong presence of service providers such as Spin and Bird, apart from Lime. The service was first introduced in the North American countries to solve the issue of first- and last-mile connectivity. On the other hand, the European region is expected to adopt kick scooter sharing services at the fastest pace in the foreseeable future, due to their growing popularity in Spain , Belgium , Austria , France , and Switzerland .
Thus, the increasing focus on first- and last-mile connectivity will accelerate the usage of kick scooter sharing services in the future.
Presently, Europe is the largest scooter sharing market, as the urban road congestion here is pushing governments to encourage people to shift to shared mobility instead of taking their own vehicles out.
https://www.psmarketresearch.com/market-analysis/scooter-sharing-market
Asia-Pacific is the most significant region for the micromobility market, as its vast middle-class population wants nothing more than a cost-effective commute.
https://www.psmarketresearch.com/market-analysis/micromobility-market
P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Prajneesh Kumar
P&S Intelligence
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