Micro-Mobility Market Report By Vehicle Types, Top Companies, Trends, Regional Projections and Growth Opportunities to 2028

The Global Micro-Mobility Market size 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. 

Governments of various countries are taking several initiatives for environmental conservation and establishing sustainable transportation infrastructure, i.e., leading to the rising adoption of Micromobility solutions, particularly e-bikes & e-kick scooters that offer easy fare comparison, flexibility, & real-time feedback & review ratings, in order to make public transportation more accessible, reduce the number of vehicles on roads & reduce their impact on the environment, and offer affordable & practical ways to get around for quick journeys.

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Micro-Mobility Market Segmentation Analysis

• By Requirement (First & Last Mile Trips, Short Distance Trips)
• By Application (Commercial, Private)
• By Autonomy Level (Manual, Semi-Autonomous, Autonomous)
• By Power Source (Man-powered, Fuel-powered, Hybrid Electric Vehicles, Plug in Hybrid Electric Vehicles, Battery Electric Vehicles)
• By Sharing Service Model (Station based, Dockless, Hybrid)
• By Vehicle Type (Electric Scooters, Electric Skateboards, Electric Bicycles, Pedal Bicycles, Others)
• By Region (North America, South America, Asia-Pacific, Middle East & Africa, Europe)

E-Bikes or Electric Bicycles Currently Hold the Most Prominent Market Share

E-bikes or electric bicycles currently hold the most prominent share of the Global Micro-Mobility Market as they are the most affordable & convenient alternatives to traditional public transport. E-bikes are easy to charge, economical, and do not incur massive investments in establishing their infrastructure. In order to reduce the excessive burden on public transportation systems, governments of several countries, especially India & China, are making regulatory & subsidy changes to increase the adoption of e-bikes, which are eco-friendly & reliable, can be used on rough terrains, and are gradually becoming the ideal transportation mode.

North America is Expected to Attain a Prominent Share

Of all regions globally, North America is expected to attain a prominent share of the Micro-Mobility Market during 2023-28. It owes to the rapidly increasing fleet size of e-bikes & e-scooters, which are simple, reliable, portable, & cost-efficient modes of transport, massive investments by venture capitalists, and the mounting popularity of recreational activities using e-bikes across the region. In addition, the growing influx of tourists in the US that use a variety of Micro-Mobility vehicles to explore different locations, coupled with the surging demand for scooters, bikes, & skateboards for delivering daily essentials & medicines in the US, are also projected to boost the market in the coming years.

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Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Ofo, Mobike, Hello Bike, Scoot, Skip Transportation, Spin, Bird, Lime, Rydies, Segway Inc., Dynamic Bicycles, Uber, Micro Mobility Systems, and Others. are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various countries?
6. How have the buying behavior, customer in- inclination, and expectations from product manufacturers been evolving during 2018-28?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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