Increasing Road Congestion Driving Kick Scooter Sharing Market

In 2018, the global kick scooter sharing market generated $143.4 million and is predicted to attain $4,090.5 million in 2025, advancing at a 51.3% CAGR during the forecast period (2019–2025). The market is growing due to the surging urban road congestion, rising adoption of kick scooter sharing as a fun and recreational traveling option, and increasing demand for first and last-mile transportation.

The use of kick scooters, which use battery and electric motor for power generation and propulsion, for the purpose of public sharing is referred to as kick scooter sharing services.

A major trend being observed in the kick scooter sharing market is the inflow of heavy investments. Key players in the domain, along with the numerous start-up companies entering the market, are receiving heavy investments from venture capitalists.

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These services were introduced in 2017 and investments of more than $2.2 billion have been put in start-ups, within a span of two years. For example, Atomico and Index Ventures invested massively in the top two U.S.electric kick scooter sharing companies, namely Neutron Holdings Inc. (Lime) and Bird Rides Inc., respectively.

Hence, the market is growing due to the rapidly increasing road congestion and rising adoption of kick scooter sharing as a fun and recreational traveling option.