Demand of Kick Scooter Sharing Market - Industry Trends and Growth Forecast to 2025

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The global kick scooter sharing market share registered revenue of $143.4 million in 2018, and it is projected to reach $4,090.5 million by 2025, at a CAGR of 51.3% during the forecast period (2019–2025). Among the different models, the first and last-mile category held the larger share in the market in 2018, and it is forecast to remain the larger category during the forecast period, owing to its idealness to travel shorter distances.

Kick Scooter market Demand

The inflow of heavy investments is a key trend being witnessed in the kick scooter sharing market. Major players, along with the numerous start-up companies in the industry, are receiving hefty investments from several venture capitalists, equaling over $2.2 billion till date. For instance, in 2018, European investors, Index Ventures and Atomico, massively funded two of the top U.S. electric kick scooter sharing companies, namely Bird Rides Inc. and Neutron Holdings Inc. (Lime), respectively.

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North America is the largest kick scooter sharing market, globally, contributing the majority of the worldwide revenue in 2018. The market in the region came into being in late 2017, with the introduction of the services by Bird, Lime, and Spin in the U.S. Moreover, in late 2017, different kick scooter sharing companies began to flood the U.S., in an effort to occupy a significant market share before saturation. By the end of 2018, around 85,000 kick scooters were available for sharing purposes in numerous U.S. cities, where these have almost replaced the bike sharing services, earlier predominant.

Some other important players operating in the global kick scooter sharing market are Waybots Inc. (Skip), Social Bicycles Inc. (JUMP), VOI Technology AB, Taxify OU (Bolt), emTransit B.V. (Dott), Beam Mobility Holdings Pte. Ltd. (Beam), and LMTS Holding S.C.A. (Circ), TIER Mobility GmbH (Tier), BYKE Mobility GmbH (Wind), Bycyshare Technologies Pvt. Ltd. (Mobycy), Neuron Mobility Pte. Ltd., Grin Scooters SAPI de CV (Grin), mytaxi Polska sp. z o.o. (Hive), and Skinny Labs Inc. (Spin).

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