Friday, October 30, 2020

E-scooter market could be worth 40 to 50 billion USD by 2025

The world market in self-service electric scooters could reach 40 to 50 billion US dollars in 2025, 12 to 15 billion of which would be in Europe, according to a study carried out by the Boston Consulting Group (BCG) published on Friday.

Calculating the potential market from the relevant population, the average number of journeys per user and the average price, the BCG estimated it would increase by 12 to 15 billion dollars in the United States by 2025, as in Europe, 6 to 8 billion in China and 10 to 12 billion in the rest of the world.

Over this period, electric scooters were predicted to take about 15% of the global market in motorized mobility on demand, a market to whose growth they contributed by widening it to include short journeys, according to the consultancy firm.

Around 35% of journeys were less than 2 kilometres and 75% less than 10 km, the BCG, for whom electric scooters were relevant in terms of distances of between 0.5 and 4 km, observed.

“However, in spite of all the advantages offered by self-service scooters, their mass adoption is not established,” the BCG considered. In terms of challenges, the firm cited a lack of demand in towns with under 100,000 inhabitants, frequent users’ interest in buying their own machine, and problems caused by the scooters’ appearance in urban areas (notably in terms of safety and the cluttering-up of pavements).

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Nelson
Nelson
Nelson is a writer for LooksDangerous and currently rides a Boosted Mini X, Exway X1 Pro and Segway ES2. Co-founder of dutch lobbygroup LegaalRijden, which focusses on legalizing ESK8 in the Netherlands.
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