Micro-mobility Market Overview:
Micromobility represents a potentially massive global market, and the key players (regulators, industry, and consumers) must collaborate closely to ensure its success. Micro-mobility is also widely praised for its ability to reduce congestion because it replaces or supplements public transportation by primarily covering first/last mile trips. Various factors such as rapidly increasing demand for shared mobility solutions in urban areas, such as ridesharing, e-hailing, and car sharing, increasing investments in the micro-mobility mode of transportation by several key players and governments around the world, and the continuous increase in urban population over the last decade are primarily driving the global micro-mobility market over the forecast period.When considering potential future developments, micro-mobility isn’t just about personal transportation; it’s also about managing personal deliveries, which may include a shared fleet of delivery drones or autonomous delivery shuttles that could be rented out on occasion via a smartphone to send or receive small packages within specific areas. In the short term, shared cargo e-bikes are a more practical alternative to current sharing programmes.
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COVID-19 Impact Analysis on Micro-mobility Market:
End-user sectors where Micro-mobility are used experienced a decline in growth from January to May in several countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of firms operating in these industries and, as a result, in demand for Micro-mobility manufacturers, influencing the development of the Micro-mobility market in 2020. End-user business demand for Micro-mobility has dropped significantly because of lockdowns and an increase in COVID-19 incidents worldwide.
Market Scope:
To identify and gather appropriate samples for this study, this market report heavily relies on secondary sources, directories, and databases, such as annual reports, press releases, journals, online content, and other databases.
Segmentation:
The Global Micro-Mobility Market is classified into Requirement Type, Location, Application, Autonomy Level, Power Source, and Region. Short distance trips dominated the global market in 2021 and are expected to maintain their dominance throughout the forecast period. Short distance micro mobility for personal transportation on paved roads, sidewalks, and paths; does not include devices used for vocational purposes, commercial goods/services delivery, or off-road travel. Similarly, people with disabilities use motorised wheelchairs and personal mobility devices for short-distance trips.
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Key Players:
Primary and secondary research are used to identify market leaders, while primary and secondary research are used to establish market revenue. Primary research comprised thorough interviews with key thought leaders and industry professionals such as experienced front-line personnel, CEOs, and marketing executives, while secondary research included a review of the leading manufacturers’ annual and financial reports. Secondary sources are utilized to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary sources. The biggest players in the Micro-mobility market are as follows:
- Skip Transportation
- Spin Scooters
- Sway Mobility
- Floatility GmbH
- Beijing Mobike Technology Co. Ltd.
- Bird Rides Inc.
- LimeBike
- Rydies
- Segway Inc.
- Dynamic Bicycles
- Scoot Network
- Zagster
- Grubhub
- Postmates
- Uber
Regional Analysis:
Individual market influencing components and changes in market regulations that effect present and future market trends are also mentioned in the regional overview of the Micro-mobility market analysis. Current and future trends are examined in order to assess overall market potential and uncover profitable trends in order to achieve a more stable footing. The geographical market assessment is based on the present environment and expected trends.
Key Questions Answered in the Micro-mobility Market Report are:
- In 2021, which segment held the largest share of the Micro-mobility market?
- What is the Micro-mobility market’s competitive landscape?
- What are the key drivers assisting Micro-mobility market growth?
- Which region controls most of the Micro-mobility market?
- What will be the Micro-mobility market’s CAGR during the forecast period (2021-2029)?
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