Uploaded on Jan 15, 2024
Explore the road ahead! Dive into Europe's Electric Two-Wheeler Sharing Market for insightful trend analysis, detailed segment breakdowns, and a glimpse into the promising future. Stay informed, ride smart!"
Europe Electric Two-Wheeler Sharing Market Trends, Segment Analysis and Future Scope
35.0% CAGR Expected in European Electric Two- Wheeler Sharing Market during 2019–2025 © Prescient & Strategic Intelligence Private Limited. All 1 rights reserved One of the major factors propelling the popularity of electric two-wheeler sharing services is the increasing pollution caused by the large-scale utilization of the fossil-fuel powered vehicles in Europe. The greenhouse gas emissions (GHG) caused by the fossil fuels-powered vehicles contribute significantly toward global warming and other types of environmental damage, which in turn creates huge demand for vehicles running on clean energy such as electric vehicles. The increasing road congestion in several major cities of Europe is another important factor boosting the uptake electric two-wheeler sharing services in the region. To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/europe-electric-two-wheeler- sharing-market/report-sample The other major factor pushing the adoption of electric two-wheeler sharing services in Europe is the greater convenience offered by these services over the privately owned vehicles. Moreover, the ride sharing services turn out to be more affordable and cost- effective for the users in the long run as these services eliminate the various types of expenses and hassles usually incurred while owning a vehicle such as maintenance charges, parking expenses and arrangement, insurance claims, and many other kinds of responsibilities. The rising internet penetration and the soaring number of smartphone users are the other important factors fuelling the rise in the requirement for electric two-wheeler sharing services in Europe. Driven by these factors, the European electric two-wheeler sharing market is set to progress at a CAGR of 35.0% during the forecast period (2019–2025) and generate revenue of $597.2 million by 2025. Depending on trip distance, the electric two- wheeler sharing services are divided into- round and one-way trips. Of these, the hailing of one-way rides was found to be higher in 2018. There are mainly two types of electric two-wheelers commonly used for ride sharing services in Europe- kick scooter and electric scooter/moped. Of these two vehicles, the electric scooter-based rides recorded higher demand over the last few years. This is mainly attributed to the existence of major companies offering electric two-wheeler ride sharing services in the region and the availability of scooter sharing services in several European cities from the last five years. The kick scooter-based ride sharing service is expected to register faster growth in demand during the forecast period. In Europe, Spain registered the highest adoption of electric two-wheeler sharing services in 2018. This service was widely adopted in the major cities of the country in the last few years. In Barcelona, the vibrant scooter culture of the city contributed significantly toward the wide-sale adoption of electric two wheeler sharing services. The European electric two wheeler sharing market is expected to record fastest growth in Germany during the forecast period. This is mainly ascribed to the mushrooming demand for electric two wheeler sharing services from the major cities of the country such as Frankfurt, Berlin, and Munich. Therefore, it can be concluded that the demand for electric two wheeler sharing services will boom across Europe in the coming years owing to the numerous advantages offered by these services over privately owned vehicles, rising road congestion in major European cities, and the increasing pollution levels in several European countries. The research offers market size of the European electric two-wheeler sharing for the period 2017–2025. The market size breakdown is as follows. © Prescient & Strategic Intelligence Private Limited. All 2 rights reserved EUROPE ELECTRIC TWO-WHEELER SHARING MARKET By Vehicle – Scooter/Moped and Kick Scooter By Trip - One-Way and Round By Country - Germany, France, Spain, Netherlands, Italy, Austria, Portugal, Poland, Belgium, Switzerland, and Rest of Europe © Prescient & Strategic Intelligence Private Limited. All 3 rights reserved Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. 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