E-Scooter-sharing - Puerto Rico | Statista Market Forecast

Puerto Rico is expected to witness a surge in the revenue of the E-Scooter-sharing market, which is projected to reach US$1.39m in 2024.
The market is anticipated to grow at an annual growth rate (CAGR 2024-2029) of 2.41%, resulting in a projected market volume of US$1.57m by 2029.
By 2029, the number of users is expected to amount to 72.37k users in Puerto Rico.
It is projected that the user penetration will increase from 2.1% in 2024 to 2.2% by 2029.
The average revenue per user (ARPU) is expected to be US$20.01 in Puerto Rico.
Furthermore, it is anticipated that 100% of total revenue will be generated through online sales by 2029.
Interestingly, in global comparison, United States is expected to generate the most revenue in the E-Scooter-sharing market, with US$730m in 2024.
E-scooter-sharing in Puerto Rico is on the rise, with companies like Muving and Lime expanding their fleets to provide eco-friendly 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 Puerto Rico has witnessed significant growth in recent years, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in Puerto Rico have played a crucial role in the development of the E-Scooter-sharing market. With its warm climate and beautiful landscapes, Puerto Rico attracts a large number of tourists and outdoor enthusiasts. These individuals are increasingly looking for convenient and eco-friendly transportation options to explore the island. E-Scooter-sharing services provide a perfect solution, allowing users to easily navigate through the streets and enjoy the scenic beauty of Puerto Rico. Trends in the market have also contributed to the growth of E-Scooter-sharing in Puerto Rico. The global trend of urbanization has led to increased congestion and pollution in cities, making sustainable transportation options more attractive. E-Scooter-sharing services offer a convenient and affordable alternative to traditional modes of transportation, especially for short-distance travel. This trend has been embraced by the local population and has contributed to the rapid adoption of E-Scooter-sharing services in Puerto Rico. Local special circumstances have further fueled the growth of the E-Scooter-sharing market in Puerto Rico. The island's limited public transportation infrastructure, especially in rural areas, has created a demand for flexible and accessible transportation options. E-Scooter-sharing services have filled this gap by providing last-mile connectivity and easy access to popular tourist destinations. Additionally, Puerto Rico's status as a popular cruise ship destination has attracted a large number of tourists who are eager to explore the island on E-Scooters. Underlying macroeconomic factors have also played a role in the development of the E-Scooter-sharing market in Puerto Rico. The island's economy heavily relies on tourism, and the government has been actively promoting sustainable tourism initiatives. E-Scooter-sharing services align with these initiatives by offering an environmentally friendly transportation option for both tourists and locals. Furthermore, the increasing availability of smartphones and mobile applications has made it easier for users to access and use E-Scooter-sharing services, contributing to their widespread adoption. In conclusion, the E-Scooter-sharing market in Puerto Rico has experienced significant growth due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The demand for convenient and eco-friendly transportation options, the global trend of urbanization, the island's limited public transportation infrastructure, and the government's focus on sustainable tourism have all contributed to the rapid adoption of E-Scooter-sharing services in Puerto Rico.

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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