European Electric Two- Wheeler Sharing Market Overview and Competitive Landscape

Posted by Rahul Gautam on January 4th, 2021

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). 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.

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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.