People ride electric scooters in Bogota on June 26, 2019. AFP / Juan BARRETO
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The electric-scooter market has exploded over the past two years but operators are by no means assured of finding a long-term niche in the urban transport sector.Bird and Lime have both muscled in on more than 120 cities worldwide and claim a combined 10 million users to date.The BCG calculates that by 2025, the global market will be worth $40 billion to $50 billion.The BCG study calculates that four months of use covers the cost of making a scooter but rented ones tend to last for only three.Bird, whose scooters are used there, contests the figures.According to Bloomberg, Ninebot estimated late last year that four of every five scooters in circulation internationally originated from its factories.Consolidation
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