E-Scooter-sharing - Norway | Statista Market Forecast

In Norway, the projected revenue for the E-Scooter-sharing market in 2024 is estimated to be US$29.26m.
This revenue is expected to grow annually at a rate of 4.62%, resulting in a market volume projection of US$36.68m by 2029.
The number of users in this market is expected to reach 1.53m users by 2029, with a projected user penetration of 23.3% in 2024 and 26.7% by 2029.
The average revenue per user (ARPU) is expected to be US$22.79.
By 2029, 100% of the total revenue generated in the E-Scooter-sharing market in Norway will be through online sales.
It is worth noting that in global comparison, United States is expected to generate the most revenue in this market, with a projected revenue of US$730m in 2024.
E-Scooter-sharing services in Norway are gaining popularity among environmentally-conscious commuters due to the country's strong focus on sustainability.

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 Norway is experiencing significant growth and development.

Customer preferences: Customers in Norway are increasingly turning to e-scooter-sharing services as a convenient and eco-friendly mode of transportation. The ease of use and flexibility offered by e-scooters, combined with their low environmental impact, make them an attractive option for short-distance travel in urban areas. Additionally, the younger generation, who are more environmentally conscious and tech-savvy, are particularly drawn to e-scooter-sharing services.

Trends in the market: One of the key trends in the e-scooter-sharing market in Norway is the expansion of service providers. Several international companies have entered the market, competing with local players to capture a share of the growing demand. This increased competition has led to innovations in technology and service offerings, such as improved battery life, enhanced safety features, and user-friendly mobile applications. Another trend is the integration of e-scooter-sharing services with existing public transportation systems. This allows customers to seamlessly switch between different modes of transport, further enhancing the convenience and accessibility of e-scooters. The integration of e-scooter-sharing services with public transportation not only benefits customers but also helps reduce traffic congestion and improve air quality in urban areas.

Local special circumstances: Norway's strong commitment to sustainability and green initiatives has played a significant role in the development of the e-scooter-sharing market. The government has implemented policies and regulations that support the use of electric vehicles, including e-scooters. This has created a favorable environment for e-scooter-sharing companies to operate and expand their services. Furthermore, Norway's well-developed infrastructure, including bike lanes and charging stations, makes it easier for e-scooter-sharing companies to establish their operations and ensure a seamless experience for customers. The country's compact urban areas and high population density also contribute to the success of e-scooter-sharing services, as they provide a large customer base and shorter travel distances.

Underlying macroeconomic factors: Norway's strong economy and high disposable income levels have contributed to the growth of the e-scooter-sharing market. Customers are willing to spend on convenient and sustainable transportation options, and e-scooter-sharing services fit the bill. Additionally, the government's focus on reducing carbon emissions and promoting sustainable transportation aligns with the preferences of customers, further driving the demand for e-scooter-sharing services. In conclusion, the e-scooter-sharing market in Norway is experiencing significant growth and development due to customer preferences for convenient and eco-friendly transportation options. The expansion of service providers, integration with public transportation systems, and favorable government policies and infrastructure have all contributed to the market's success. With the country's strong economy and commitment to sustainability, the e-scooter-sharing market in Norway is expected to continue its upward trajectory.

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.

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