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E-Scooter-sharing - Spain

Spain

Spain is projected to see a revenue of €40.90m in the E-Scooter-sharing market by 2024.
The market is expected to grow at an annual growth rate (CAGR 2024-2029) of 4.00%, reaching a projected market volume of €49.77m by 2029.
The number of users in this market is expected to amount to 2,618.00k users by 2029, with a user penetration of 4.9% projected for 2024 and 5.5% by 2029.
The average revenue per user (ARPU) is expected to be €17.47.
By 2029, 100% of the total revenue in the E-Scooter-sharing market will be generated through online sales.
In comparison to other countries, United States is expected to generate the most revenue in this market, with a projected revenue of €677,100k by 2024.
Spain is experiencing a surge in E-Scooter-sharing services, with major companies such as Lime and Voi expanding their operations in the country.

Key regions: China, Germany, Thailand, Saudi Arabia, India

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Moneda

Analyst Opinion

The E-Scooter-sharing market in Spain has experienced significant growth in recent years, driven by changing customer preferences and favorable market trends.

Customer preferences: One of the key factors driving the growth of the E-Scooter-sharing market in Spain is the increasing preference for eco-friendly transportation options. With growing concerns about air pollution and climate change, more and more people are opting for sustainable modes of transportation. E-Scooter-sharing provides a convenient and environmentally friendly solution for short-distance travel, making it an attractive choice for many consumers.

Trends in the market: One of the major trends in the E-Scooter-sharing market in Spain is the rise of dockless systems. Unlike traditional bike-sharing programs that require users to pick up and return bikes at designated docking stations, dockless E-Scooter-sharing allows users to locate and unlock scooters using a mobile app, providing greater flexibility and convenience. This trend has gained popularity in Spain due to its ease of use and the ability to park scooters anywhere, making it a popular choice for short trips and last-mile connectivity. Another trend in the market is the integration of E-Scooter-sharing services with existing transportation infrastructure. Many cities in Spain have started to incorporate E-Scooter-sharing as part of their public transportation systems, allowing users to seamlessly switch between different modes of transport. This integration not only enhances the accessibility and convenience of E-Scooter-sharing but also promotes a more sustainable and efficient transportation network.

Local special circumstances: Spain's favorable climate and urban landscape make it an ideal market for E-Scooter-sharing. The country experiences mild weather throughout the year, which encourages outdoor activities and makes E-Scooter-sharing a viable transportation option. Additionally, Spain has a well-developed urban infrastructure with a high population density in major cities, creating a strong demand for alternative modes of transportation.

Underlying macroeconomic factors: The growth of the E-Scooter-sharing market in Spain is also influenced by underlying macroeconomic factors. Spain has experienced steady economic growth in recent years, which has led to an increase in disposable income and consumer spending. This has allowed more people to afford and utilize E-Scooter-sharing services, contributing to the market's expansion. Furthermore, the government's support for sustainable transportation initiatives and the promotion of electric vehicles has also played a role in the development of the E-Scooter-sharing market in Spain. The government has implemented policies and regulations to encourage the adoption of electric vehicles, including E-Scooters, by offering incentives and subsidies. This support has created a favorable environment for E-Scooter-sharing companies to operate and expand their services in Spain. In conclusion, the E-Scooter-sharing market in Spain is experiencing significant growth due to changing customer preferences, favorable market trends, local special circumstances, and underlying macroeconomic factors. The increasing demand for eco-friendly transportation options, the rise of dockless systems, the integration with existing transportation infrastructure, Spain's favorable climate and urban landscape, and the government's support for sustainable transportation initiatives have all contributed to the expansion of the market. As these factors continue to drive the market's growth, the E-Scooter-sharing industry in Spain is expected to thrive in the coming years.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings and revenues of e-scooter-sharing services.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.