E-Scooter-sharing - Lithuania | Statista Market Forecast

Lithuania is expected to see significant growth in the E-Scooter-sharing market.
By 2024, revenue in this market is projected to reach US$814.10k.
Furthermore, it is expected to show an impressive annual growth rate (CAGR 2024-2029) of 5.79%, resulting in a projected market volume of US$1.08m by 2029.
In terms of user numbers, the E-Scooter-sharing market in Lithuania is expected to have 85.87k users users by 2029.
User penetration is projected to be 2.9% in 2024 and 3.3% by 2029.
The average revenue per user (ARPU) is expected to amount to US$10.43.
It is estimated that 100% of total revenue will be generated through online sales by 2029.
However, in global comparison, United States is expected to generate the most revenue in this market with US$730m in 2024.
Lithuania's E-Scooter-sharing market is seeing a surge in popularity, as urban commuters opt for eco-friendly and cost-effective transportation options.

Definition:

The E-Scooter-sharing market comprises e-scooter-sharing services that provide short-term rentals of electric motorized scooters (stand-up scooters). In e-scooter-sharing, scooters are generally owned by an e-scooter-sharing provider and can be reserved independently by customers around the clock. Customers are required to open an account with the e-scooter-sharing provider and can then reserve the vehicles, typically with a smartphone app. Providers normally offer dockless services, so it is possible to find e-scooters everywhere within the provider’s business zone, e.g., on sidewalks, and to leave the scooters anywhere in accordance with traffic regulations. Moped-sharing services are not available in all countries; thus, only a limited number of countries and regions can be selected.

Additional Information:

The main performance indicators of the E-Scooter-sharing market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the mentioned market. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year.

The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.

For further information on the data displayed, refer to the info button right next to each box.

Free-floating e-scooter-sharing services
Services such as Lime, Tier, Bird, and Movo

Private e-scooter usage
Multi-day e-scooter rentals
Peer-to-peer e-scooter reservations
Bike sharing and other forms of micro-mobility

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

Customer preferences: Customers in Lithuania are increasingly embracing the convenience and flexibility offered by e-scooter sharing services. With the rise of urbanization and the growing need for sustainable transportation options, e-scooters provide a viable solution for short-distance travel. The ease of use, affordability, and eco-friendly nature of e-scooters make them an attractive choice for many Lithuanian consumers.

Trends in the market: One of the key trends in the e-scooter sharing market in Lithuania is the expansion of service providers. Several local and international companies have entered the market, increasing competition and providing consumers with a wider range of options. This trend has led to improved service quality and lower prices, making e-scooter sharing even more accessible to the general public. Another trend in the market is the integration of e-scooter sharing services with existing transportation networks. Many cities in Lithuania have introduced dedicated lanes and parking spots for e-scooters, making it easier for users to access and park the vehicles. This integration with public transportation systems enhances the overall convenience and attractiveness of e-scooter sharing.

Local special circumstances: Lithuania's compact size and well-developed urban infrastructure make it an ideal market for e-scooter sharing. The relatively short distances between key destinations and the availability of bike lanes and pedestrian-friendly areas create a conducive environment for e-scooter usage. Additionally, Lithuania's high smartphone penetration rate and tech-savvy population contribute to the growing popularity of e-scooter sharing services.

Underlying macroeconomic factors: The growth of the e-scooter sharing market in Lithuania is also influenced by macroeconomic factors. The country has experienced steady economic growth in recent years, leading to increased disposable income and higher consumer spending. This economic stability provides individuals with the financial means to afford e-scooter sharing services, further driving market growth. Furthermore, Lithuania's commitment to sustainability and reducing carbon emissions aligns with the eco-friendly nature of e-scooters. The government has implemented policies and initiatives to promote sustainable transportation options, including e-scooter sharing. These efforts create a supportive regulatory environment and encourage the adoption of e-scooters as a greener alternative to traditional modes of transportation. In conclusion, the e-scooter-sharing market in Lithuania is developing rapidly due to changing customer preferences, favorable market trends, local special circumstances, and underlying macroeconomic factors. The convenience, affordability, and eco-friendliness of e-scooters, coupled with Lithuania's compact size and well-developed urban infrastructure, make it an ideal market for e-scooter sharing services. As the market continues to grow, it is expected that more players will enter the market, further driving competition and innovation in the industry.

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.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.