E-Scooter Financing Market Share, Global Industry Size, Growth, Competitor Landscape, Regional Outlook 2023 to 2033

The global e-scooter financing market revenue amounted to US$ 17 billion in 2022. Looking ahead, the e-scooter financing market is projected to expand significantly and reach a total value of US$ 279.8 billion by the year 2033. This growth is anticipated to occur steadily at a CAGR of 29% during the forecast period.

E-scooter financing currently accounts for around 22.6% of the total e-vehicle financing market. In recent years, electric scooters have gained traction because they are convenient, easy to use, and relatively eco-friendly. They are quite simple to drive and hence can be a viable substitute for traditional modes of transportation, particularly in large cities for short distances.

E-Scooter Financing Market

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Electrically powered scooters are becoming more popular as consumers are preferring personal mobility solutions as compared to public transportation. E-scooters are becoming a more common and vital mode of urban mobility. Rising awareness of environmental pollution and the need to migrate from traditional gasoline-powered vehicles to electric-powered vehicles, which aids in the decarbonization of urban transportation will fuel sales.

Congestion is one of the most serious urban issues faced by cities, causing endless traffic jams. Using public transport results in delays, poor sanitation, cancellations, last-mile commute issues, and even a lack of safety. Individuals are looking for easy, time-efficient, and cost-effective forms of transportation to get to their destination due to rising traffic congestion and long commutes.

Electric scooters, especially ones manufactured for city transportation, provide a number of advantages. These e-scooters are small enough to fit in public transportation, easy to transfer over short distances, and does not get stuck in traffic in general. Furthermore, electric scooters are free of oil and fossil fuels, making for a green and peaceful mode of urban transportation. Backed by the aforementioned factors, sales in the global e-scooter financing market are expected to gain traction in the forthcoming years.

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