The primary consumer base for kick scooter sharing services are the people between the ages of 20 and 35 years, or millennials. The preference of millennials has been quite different from the conventional methods, which is why their inclination towards shared mobility, kick scooter sharing included, is increasing. Rather than buying their own vehicles, people have started opting for shared mobility services for convenience and cost-effectiveness. Kick scooter sharing in particular has become a fun and recreational traveling option for millennials. Apart from this, this concept is also gaining popularity among tourists for exploration and sightseeing purposes. It is due to all these factors that the demand for kick scooter sharing services is growing.
Kick scooters sharing services refer to the utilization of kick scooters for covering short distances, generally 5 km or less. In 2018, the global kick scooter sharing market generated a revenue of $143.4 million and is expected to reach a value of $4,090.5 million in 2025, advancing at a 51.3% during the forecast period (2019–2025). The two models of kick scooter sharing services are multimodal and first and last-mile. Out of these, the first and last-time services were more in demand in 2018 and are the situation is projected to remain the same in the coming years as well.
Growing Adoption of Kick Scooter Sharing as a Fun and Recreational Traveling Option is a Major Driver for the Market
Key Questions Addressed/Answered in the Report
- What is the current scenario of the kick scooter sharing market?
- What are the historical and present sizes of the categories within the market segments and their future potential?
- What is the number of kick scooter sharing rides registered across different regions?
- What are the business models of the kick scooter sharing service providers?
- What are the regulations governing the kick scooter sharing services in major countries across the world?
- What are the major catalysts for the market and their expected impact during the short, medium, and long terms?
- What are the evolving opportunities for the players in the market?
- What are the market shares of the major players in different regions as well as globally?
