Allied Market Research published a report, titled, Bike and Scooter Sharing Telematics Market by Service Type (Pay-as-you-go and Subscription pay-as-you-go), Operational Model (Dockless and Station-Based), Propulsion (Pedal, Electric and Gasoline) and Vehicle Type (Bike, Scooter and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033 . According to the report, the bike and scooter sharing telematics market was valued at $3.8 billion in 2023, and is estimated to reach $8.1 billion by 2033, growing at a CAGR of 7.9% from 2024 to 2033.
Prime determinants of growth
Increasing urban population and growing environmental concerns are the two primary factors driving the growth of global bike and scooter sharing telematics market. Furthermore, regulatory and operational challenge is the main factor restraining the growth of global bike and scooter sharing telematics market. Moreover, market expansion and innovation in technology are the two significant opportunities that can enhance the growth of global bike and scooter sharing telematics market in the future.
Report coverage details:
Report Coverage
