The global micro mobility market is expected to reach a market size of USD 290.39 Billion in 2028 and register a double-digit CAGR over the forecast period, according to latest analysis by Emergen Research. Robust revenue growth of the market can be attributed to rapidly increasing range of transportation services and vehicles, including e-bikes, dockless and docked shared bicycles, electric scooters, and electric skateboards. Rising need to reduce traffic congestion in urban areas and reduce reliance on private vehicles and encourage use of public transport is also driving a shift towards micro mobility solutions. Urban consumers are increasingly adopting micro mobility solutions due to enhancement in connectivity, mobile payments, quick battery charging, convenience of these solutions, and growing smartphone penetration in urban and rural areas. Rising investments by companies offering micro mobility solutions is also resulting in development of more cost-effective and advanced vehicles in the micro mobility solutions market.

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Key Highlights of Report

In June 2019, Bird Rides announced the launch of a new electric micro mobility offering named Bird Cruiser, which is a new seated electric vehicle. The new electric micro mobility offering increases access for a greater number of individuals who want to adopt eco-friendly transportation in place of car trips.

The residential segment accounted for largest market share of 59.4% in 2019. Rapid urbanization and population increase are factors causing an exponential increase in congestion, which is driving demand for micro mobility solutions for use in residential areas.

3-wheeler segment revenue is expected to expand at a rapid CAGR of 19.3% during the forecast period. Better balance offered by 3-wheelers as compared to two-wheeler makes them a more convenient and safer option for covering a longer distance.

Up to 20 Km segment accounted for a significantly high revenue share in the micro mobility market in 2019. Better energy efficiency is a prime feature offered by the travel range of up to 20 km.

Up to 100 Kg segment accounted for a significantly high revenue share in the micro mobility market in 2019. Shifting consumer preference towards more convenient, affordable, lightweight and efficient modes of transportation are factors driving demand for micro mobility solutions with a weight capacity of up to 100 Kg.

North America accounted for largest revenue share contribution to the global micro mobility market in 2019. Stringent government regulations regarding emission levels is a primary factor driving adoption of micro mobility solutions in countries in the region.

Key players in the market include Bird Rides, Inc., Lime Scooter, Micro Mobility Systems Ltd.s, Ofo Inc., Mobike, Motivate International Inc. (Lyft), Pride Mobility Products® Corporation, Golden Technologies, Uber, and Invacare Corporation.

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Important Points Mentioned in the Micro Mobility Market Study

Manufacturing Analysis: The report initially analyzes the various segments of the market in a brief manner, which includes product types, applications, and so on. Further, the report consists of a separate section wherein an in-depth analysis of the manufacturing process has been provided which has been verified thorough primary information collected by experts of reputed industries as well as the industry analysts.

Sales and Revenue Estimation: By applying several top-down and bottom-up approaches on the previous years’ sales and revenue data as well as the present market scenario, the analysts have anticipated the market growth and size in major geographies. The report further includes an all-inclusive study on the applications and end-user industries participating in the market. Furthermore, the report provides crucial data on the regulatory policies and guidelines, as well as the macro-economic factors, that determine the evolution of the market along with predictive analysis.

Demand & Supply Assessment: The report further offers key information on the manufacturing and cost analysis, consumption ration, import/export factors, and product and service distribution.

Competitiveness: The report provides crucial data based on the company profile, product portfolio, product and service cost, potential, and sales and revenue generated by the key pioneers and other leading companies.

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Application Outlook (Revenue, USD Billion; 2021–2028)

Residential

Commercial

Type Outlook (Revenue, USD Billion; 2021–2028)

2-wheeler

3-wheeler

Others

Travel Range Outlook (Revenue, USD Billion; 2021–2028)

Up To 20 Km

20-40 Km

More than 40 Km

Weight Capacity Outlook (Revenue, USD Billion; 2021–2028)

Up to 100 Kg

100-250 Kg

More than 250 Kg

Regional scope: – North America; Europe; Asia Pacific; Central & South America; MEA

Here are the questions we answer…

What are the future opportunities in store for the vendors operating in the Micro Mobility market?

What does the competitive landscape look like?

Which emerging technologies are believed to impact the Micro Mobility market performance?

What are the key trends and dynamics?

Which regulations that will impact the industry?

Which segment will offer the most opportunity for growth between 2020 and 2028?

Where will most developments take place in the long term?

Who are the most prominent vendors and how much market share do they occupy?

What are the latest technologies or discoveries influencing the Micro Mobility market growth worldwide?  

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Table of Content

Chapter 1. Micro Mobility Market Methodology & Sources

    1.1. Micro Mobility Market Definition

    1.2. Micro Mobility Market Research Scope

    1.3. Micro Mobility Market Methodology

    1.4. Micro Mobility Market Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2028

Chapter 3. Micro Mobility Market Key Insights

Chapter 4. Micro Mobility Market Segmentation & Impact Analysis

Chapter 5. Micro Mobility Market By Products Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)

Chapter 6. Micro Mobility Market By Types Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)

Chapter 7. Micro Mobility Market By Applications Insights & Trends Revenue (USD Million), Volume (Kilo Tons)

Chapter 8. Micro Mobility Market By End Use Insights & Trends Revenue (USD Million), Volume (Kilo Tons)

Chapter 9. Micro Mobility Market Regional Outlook

Chapter 10. Competitive Landscape

Continued…

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Contact Us: Eric Lee Corporate Sales Specialist Emergen Research | Web: www.emergenresearch.com Direct Line: +1 (604) 757-9756 E-mail: sales@emergenresearch.com Facebook | LinkdIn | Twitter | Blogs

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Contact Information:

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Facebook | LinkdIn | Twitter | Blogs