Micro-mobility Market: Global Industry Analysis and Forecast (2024-2030)

The Micro-mobility Market size was valued at USD 79.12 Billion in 2023 and is expected to grow at a CAGR of 17.4 % from 2024 to 2030, reaching nearly USD 243.22 Billion.

Micro-mobility Market Overview:

The micro-mobility market has experienced a substantial rise in recent years, driven by the increasing demand for efficient, affordable, and eco-friendly transportation solutions in urban environments. Micro-mobility encompasses a variety of small, lightweight vehicles, such as electric scooters, bikes, and shared rideable devices, designed to provide quick and convenient short-distance travel. These vehicles are particularly appealing in dense urban areas, where traffic congestion and pollution have made traditional transportation options less viable. The global shift towards sustainable transportation, along with the growing interest in alternative modes of commuting, has significantly fueled the expansion of the micro-mobility market.

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Micro-mobility  Market Trends:

One of the dominant trends in the micro-mobility market is the growing popularity of electric scooters and bikes as a preferred mode of transportation in urban areas. These devices are ideal for short-distance travel, offering a convenient and sustainable alternative to cars and public transit. The rise in electric vehicle adoption is closely linked to the increasing demand for e-scooters and e-bikes, as they provide an eco-friendly and cost-effective solution for daily commutes. The integration of GPS tracking, mobile apps, and real-time data analytics has also contributed to the rise of shared electric scooters, allowing users to easily locate, unlock, and rent them, further accelerating the adoption of micro-mobility.

What are Micro-mobility Market Dynamics?

The micro-mobility market is shaped by several key dynamics, including technological innovation, urbanization, and changing consumer behavior. The rapid pace of technological development has led to the creation of smarter, more efficient micro-mobility vehicles, which have become increasingly appealing to consumers looking for sustainable transportation options. Moreover, with the rise of congestion in urban centers, micro-mobility is seen as an ideal solution for short-distance, last-mile connectivity. This demand is further amplified by environmental concerns and the push for sustainable cities, creating a favorable environment for the growth of micro-mobility solutions in both developed and emerging markets.

Micro-mobility Market Opportunities:

The micro-mobility market presents significant opportunities for growth, particularly in emerging economies where urbanization is accelerating. As cities become more congested and pollution levels rise, there is a growing demand for alternative transportation options that can alleviate these challenges. Micro-mobility offers a convenient solution for short commutes, particularly in densely populated areas where traditional modes of transport are inefficient or environmentally harmful. This opens up opportunities for companies to expand their micro-mobility fleets and services, capitalizing on the increasing interest in sustainable and flexible transportation solutions.

What is Micro-mobility Market Regional Insight?

The micro-mobility market is thriving in regions such as North America, Europe, and Asia-Pacific, with the highest adoption rates observed in urbanized areas. In Europe and North America, micro-mobility solutions, particularly e-scooters and bike-sharing services, have gained significant traction due to favorable regulatory policies, an increasing focus on sustainability, and the growing need to reduce congestion and emissions in major cities. Countries such as the United States, Germany, and France have seen the proliferation of shared e-scooter platforms, with cities integrating these services into their broader transportation networks. The market in these regions benefits from a highly developed infrastructure, which supports the efficient deployment and usage of micro-mobility devices.

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What is Micro-mobility  Market Segmentation?

by Propulsion Type

Human Powered
Electrically Powered

by Vehicle Use

E-kick scooters
Bicycles
Skateboards
Hover-board
Low-Speed EVs
Segway
Mopeds and Scooters
Other

by Sharing Type

Docked
Dock-less

by Age Group

15-34
35-54
55 and above

by Ownership

Business to Business
Business to Consumer

Some of the current players in the Micro-mobility  Market are:

1. Accell Group
2. AGC Inc.
3. Airwheel Holding Limited
4. Beam Mobility Holdings PTE. Ltd
5. Bird Global, Inc
6. Bolt Mobility
7. Boosted USA
8. Derby Cycle
9. DOTT
10. Electric feel
11. Helbiz
12. Hellotracks LLC
13. JIANGSU XINRI E-VEHICLE CO., LTD.
14. Joyride
15. Jugnoo
16. ‎Lime Micro-mobility
17. Luna Systems
18. Lyft, Inc.
19. SWAGTRON
20. Velvioo LLC
21. VOI
22. Vulog

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Key Offerings:

Past Market Size and Competitive Landscape
Micro-mobility  Market Size, Share, Size & Forecast by different segment
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Micro-mobility  Market Segmentation – A detailed analysis by Product
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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