Global Micro-Mobility Market Outlook for 2023-28

Markntel Advisors has conducted a comprehensive study on the Global Micro-Mobility Market is projected to grow at a CAGR of around 22% during the forecast period, i.e., 2023-28. Most of the market growth would be propelled by the rapidly surging urbanization, skyrocketing vehicle ownership costs, rising traffic congestion, and the mounting demand for emission-free & cost-effective transportation. In addition, increasing partnerships among the bike sharing companies & mobility-as-a-service providers to cater to the ever-evolving adoption of e-bikes & e-scooters by consumers for improved comfort & higher speed over short distances are also projected to boost the Micro-Mobility market in the coming years.

In addition, the Global Micro-Mobility Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth. 

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Key Driver: Mounting Demand for On-demand Transportation Services

The rapidly increasing urban population and rising establishment of smart cities worldwide are leading to the ever-growing demand for on-demand public transportation and, in turn, Micro-Mobility services. Governments of different countries are making significant transformative changes to improve the life quality of people by making massive investments in implementing Micro-Mobility solutions, such as bicycles, e-bikes, e-kick scooters, & e-mopeds, which offer benefits like fare comparison, flexibility, wide availability of vehicles, subscription-based services, real-time feedback, online payments, mobile apps, & GPS navigation. These vehicles are usually parked outside the streets or campuses, which allows users to pick up & ride as & when required without any wait. Hence, the increasing number of smart cities, coupled with various government initiatives toward implementing on-demand public transport, are projected to drive the global Micro-Mobility market during 2023-28.

Global Micro-Mobility Industry Breakdown: Key Revenue Generating Segments

To facilitate focused analysis, the Micro-Mobility Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter's five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:

-By Requirement

-First & Last Mile Trips (Very Short Distance)

-Short Distance Trips

-By Application

-Commercial (Available on Rent)

-Private

-By Autonomy Level

-Manual

-Semi-Autonomous

-Autonomous (Self Driving)

-By Power Source

-Man-powered

-Fuel-powered

-Hybrid Electric Vehicles (HEV)

-Plug in Hybrid Electric Vehicles (PHEV)

-Battery Electric Vehicles (BEV)

-By Sharing Service Model

-Station based

-Dockless (do not require a parking station)

-Hybrid (Station based + Dockless)

-By Vehicle Type

-Electric Scooters

-Electric Skateboards

-Electric Bicycles (also known as Bike)

-Pedal Bicycles

-Others (Electric Unicycle, Golf Carts, etc.)

-By Region

-North America

-South America

-Asia-Pacific

-Middle East & Africa

-Europe

Each sections offer valuable insights into the Micro-Mobility Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.

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Competitive Analysis of the Global Micro-Mobility Industry

-Ofo

-Mobike

-Hello Bike

-Scoot

-Skip Transportation

-Spin

-Bird

-Lime

-Rydies

-Segway Inc.

-Dynamic Bicycles

-Uber

-Micro Mobility Systems

-Others

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Global Micro-Mobility Market Research Report Answers the Following Key Questions

  • How big is the Global Micro-Mobility Market?
  • What is the projected growth rate or CAGR of the Global Micro-Mobility Market during 2022-27?
  • What are the key trends or growth opportunities for the key players in the Global Micro-Mobility Market?
  • Which ‘segment’ seems promising for companies operating in the Global Micro-Mobility Market?

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