E-scooters are not a new sensation but have been in the market for a long time now that it has created different impressions in the minds of the users.
There are certain offerings and qualities that have led to its progress in these years so far, and it can be proven by the tremendous growth in its niche.
Let’s look at the market growth to understand the emergence.
Market Growth of E-scooter:
The sharing market size of the electric scooter was USD 18.6 billion in the year 2019, and it is projected to become USD 28.56 billion in 2025 at a CAGR rate of 7.3%. So here is the evidence of its prosperity.
According to a Business Wire report, the global e-scooter market is expected to grow by 2138.50 thousand units during the year 2020-2024 with a CAGR of 6%.
As of March 2020, the availability of e scooter sharing services is available in 117 European and US cities.
Every coin has two sides and the e-scooter app services are not far from the saying, as there are both positives and negatives but they keep on improving with the technologies like IoT, machine learning, etc.
If you are a businessman, who would like to step your foot into this business, then here are some advantages you can make use of, for a flourishing business by launching Uber for the e-scooter clone.
From the statistics above, we can interpret that the shared-mobility concept is adopted by the public. For example, in the year 2015, only 15% of adults used Uber, which later rose to 36% by the year 2018. BCG estimates that the e-scooter rides market will amount to $40 to $50 billion by the year 2025.
Conclusion:
There is still a colossal possibility of growth in the e-scooter services market. It is the best opportunity for you to start the on-demand scooter app development without further delay, as our Appdupe team is here to help you out.
If you are a dedicated entrepreneur, looking for a chance to invest in the traveling industry, then e-scooter app development is the right future scope.
Environment friendly:Since it is evident that the electric scooter doesn’t operate on gas, the environment is clean.
Avoid traffic:The electric scooters are the best case to avoid traffic for the less space taken by them, as they are dockless scooters.
According to a report, the scooter market size across the world will gain revenue of USD $13,864 million by the year 2025.
It is projected to grow at a rate of 7.5% over the years up to 2025.
We can now see why it is obvious that these startups are gaining huge acceptance now.
Every industry faces its own ups and downs.
E-scooter industry since some past years has reached the point of success in 2018.
With the arrival of some of the brands like Uber and Lyft in the E-scooter territory, the industry was for sure going to gain great revenue.After a great investment during the past years and facing the challenges in different cities, e-scooter businesses are making it really big today.
Talking about some of the industry giants that include, Lime, Uber, Lyft, Bird, and Spin, these E-scooter companies have left their benchmark with their increased business revenue using the E-scooter apps and the concept of ride sharing.
For the one planning to build their own E-scooter app for their city, keeping track of how these e-scooter giants are progressing, their growth rate and how they are planning the future moves is very important to grow their business.
Read the full article to get the current update in the E-scooter industry.
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Collaborating the convenience of booking an on demand E-scooter.
You can create your own Uber for E-scooter app and get a fully white-labelled and ready-to-use app from AppDupe.https://appdupecloneapps.blogspot.com/2019/04/uber-for-e-scooters-app-smart-scooters.html
