The scooter sharing market is on the way of growth and this trend will continue to grow in the years to come as well.
APAC will have the fastest growth in the years to come. This has a lot to do with the abrupt growth of scooter sharing fleet in India.
In the past, the most distinct development in the industry is the sudden increase of scooter sharing in India. The nation became the principal scooter sharing fleet operator at a global level.
There is an increasing growth of scooters in the sharing fleet of India. Also, faster disposition of scooter sharing fleets in Taiwan is also a big reason for the growth of the industry.
Growing road congestion in cities is among the key drivers for the growth of the industry. Increasing populace in key cities globally has brought about an increased count of daily commuters, thus creating road congestion, particularly in peak hours.
In order to reduce this problem, countries are on the lookout for alternatives. This scenario is a key driver for the scooter sharing market, globally.
Governments and scooter sharing service providers reassure daily travelers to make use of scooter sharing services. This aids in reducing traffic congestion on roads, since scooters are compact and need less space on roads and parking areas.
vehicle sharing programs, are a great prospect for the stalwarts of the industry. For example, Poppy, a Belgium-based company, is involved in scooter and car sharing services. Also, a U.S.-based service provider Scoot offers e-scooter sharing services accompanied by bike and kick scooter sharing services.
Based on trip, one-way trip will dominate the industry in the years to come. Convenient users mainly take advantage of scooter sharing services for a fast ride to neighboring destinations, for optimizing their expenses and travel time. People are more and more for making use of these services for last and first mile connectivity.
In the years gone by, major players have taken quite a lot of strategic measures, for example service launches, partnerships, and investments, for gaining a competitive edge in the industry. For example, in October 2019, Uber had a partnership with Cityscoot for providing scooter sharing services through its mobile application, in Paris. The users were able to book a Cityscoot scooter for making payment from Uber’s App. In September, that year, WeMo Scooter introduced its scooter sharing service in Taiwan with 200 scooters.
Increasing congestion of vehicles on the road has a lot to do with the growing demand for scooter sharing, and this trend will continue in the years to come as well.