Market Overview
The North American electric two-wheeler sharing market is projected to grow considerably in the coming years, owing to growing demand for quick and affordable last-mile connectivity, ease of availability, improvements in the energy storage systems, and significant technological advancements needed for efficient fleet management and vehicle sharing systems.
Based on the vehicle, the North American electric two-wheeler sharing market has been categorized into scooters, kick-scooters, bikes, and others. The bikes category had a significant share in the market in 2017, owing to their early introduction as compared to other categories. In addition, heavy investments made by leading vehicle-sharing companies into electric bike-sharing start-ups is further expected to boost the market during the forecast period. For instance, in April 2018, Uber Technologies Inc. made a $200 million acquisition of bike-sharing start-up JUMP and further plans to bolster the start-up through significant investment. Such investments helped various electric bike-sharing start-ups to establish a sustainable business model and increase their consumer base, thereby driving the demand for electric bikes. However, kick-scooters are expected to be the fastest growing category during the forecast period.
The U.S. leads the North American electric two-wheeler sharing market, owing to the growing number of electric two-wheeler sharing start-ups in the country and wide acceptance/adoption of electric two-wheelers for short commute or last-mile connectivity in the country. Also, these start-ups are being heavily backed up by investors, thereby allowing them to expand their business models to other cities/states in the country and increasing their consumer base. For example, Lime, a U.S.-based electric scooter sharing start-up, is backed by Uber Technologies Inc. and Alphabet Inc. to expand its reach to other cities in the U.S.
Growth Drivers
The growth of the North American electric two-wheeler sharing market is predominantly driven by rising demand for quick and low-cost last-mile connectivity, ease of availability of the shared electric two-wheelers in the region, advancements in the energy storage systems, and technological innovations in sharing business models.
As per World Bank, the urbanites in the U.S. made up 82.06% of the total population in 2017, while the same stood at 81.35% in Canada. With the urbanization on the rise, ground transportation is getting saturated with vehicles in urban region, thus, leading toward a sharp collapse of the urban transportation industry. The growing congestion in the traffic has been reduced to a little extent with the arrival of car sharing, ride hailing, and ride sharing services in the recent past. Electric two-wheeler sharing is helping mitigate the problem of growing traffic congestion, which is also helping the North American electric two-wheeler sharing market grow.
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Industry Competitive Landscape
The North American electric two-wheeler sharing market is dominated by the vehicle sharing start-ups and is marked by the growing number of acquisitions, and financial backings or investments. Some of the key players in the market are Scoot Networks, Skip Scooters, Bird Rides Inc., Lime, and Spin (formerly known as Skinny Labs Inc.).
The North American electric two-wheeler sharing market is projected to grow considerably in the coming years, owing to growing demand for quick and affordable last-mile connectivity, ease of availability, improvements in the energy storage systems, and significant technological advancements needed for efficient fleet management and vehicle sharing systems.
Based on the vehicle, the North American electric two-wheeler sharing market has been categorized into scooters, kick-scooters, bikes, and others. The bikes category had a significant share in the market in 2017, owing to their early introduction as compared to other categories. In addition, heavy investments made by leading vehicle-sharing companies into electric bike-sharing start-ups is further expected to boost the market during the forecast period. For instance, in April 2018, Uber Technologies Inc. made a $200 million acquisition of bike-sharing start-up JUMP and further plans to bolster the start-up through significant investment. Such investments helped various electric bike-sharing start-ups to establish a sustainable business model and increase their consumer base, thereby driving the demand for electric bikes. However, kick-scooters are expected to be the fastest growing category during the forecast period.
The U.S. leads the North American electric two-wheeler sharing market, owing to the growing number of electric two-wheeler sharing start-ups in the country and wide acceptance/adoption of electric two-wheelers for short commute or last-mile connectivity in the country. Also, these start-ups are being heavily backed up by investors, thereby allowing them to expand their business models to other cities/states in the country and increasing their consumer base. For example, Lime, a U.S.-based electric scooter sharing start-up, is backed by Uber Technologies Inc. and Alphabet Inc. to expand its reach to other cities in the U.S.
Growth Drivers
The growth of the North American electric two-wheeler sharing market is predominantly driven by rising demand for quick and low-cost last-mile connectivity, ease of availability of the shared electric two-wheelers in the region, advancements in the energy storage systems, and technological innovations in sharing business models.
As per World Bank, the urbanites in the U.S. made up 82.06% of the total population in 2017, while the same stood at 81.35% in Canada. With the urbanization on the rise, ground transportation is getting saturated with vehicles in urban region, thus, leading toward a sharp collapse of the urban transportation industry. The growing congestion in the traffic has been reduced to a little extent with the arrival of car sharing, ride hailing, and ride sharing services in the recent past. Electric two-wheeler sharing is helping mitigate the problem of growing traffic congestion, which is also helping the North American electric two-wheeler sharing market grow.
Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/north-america-electric-two-wheeler-sharing-market/report-sample
Industry Competitive Landscape
The North American electric two-wheeler sharing market is dominated by the vehicle sharing start-ups and is marked by the growing number of acquisitions, and financial backings or investments. Some of the key players in the market are Scoot Networks, Skip Scooters, Bird Rides Inc., Lime, and Spin (formerly known as Skinny Labs Inc.).
