Global Micro-mobility Charging Infrastructure Market

The global micro-mobility charging infrastructure market was valued 3.23 billion in 2020 is anticipated to reach USD 16.64 billion by 2028, expanding at a CAGR of 23.4% during the forecasted period, between 2020 and 2028. Micro-mobility is an efficient and reliable mode of transportation within short distance in towns and cities with excellent energy conversion rate as compared to fossil fuel vehicles. The transportation mode as micro mobility offers sustainable travel mode with an improved alternative for last mile travel.

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The COVID-19 pandemic crisis severely damaged economies of the world. The pandemic led to lockdown across the globe with restrictive containment measures including social distancing, closure of the operations, and disrupted supply chain, which ultimately impeded the demand for public transport. Moreover, the third wave of pandemic can create challenges for the market.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing oil and gas prices, ease of parking, and rising road congestion are the prominent factors projected to fuel the demand and increase the adoption of micro-mobility in the coming years.
• Rising investments in the micro-mobility modes of transportation is a major factor propelling the market growth.  
• Rapid adoption of the micro-mobility mode of transportation to curb environmental pollution along with rise in awareness about greenhouse gas emissions are some of the factors that can propel the market growth during the forecast period.
• Lack of stringent regulatory framework and presence of unfavourable polices can restrain the market.
• Rising demand for shared mobility solutions and increased awareness about flexible transportation alternative among the users are expected to generate lucrative growth opportunities.

Scope of the Report:

The report on global micro-mobility charging infrastructure market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Micro-mobility Charging Infrastructure Market Segment Insights

E-scooters segment to hold a major market share

Based on vehicle types, the market can be segmented into e-scooters, e-bikes, e-unicycles, and e-skateboards. The e-scooters segment dominated the market in 2020 accounting for above 55% of revenue share across the globe owing to the growing use of e-scooters, as they are easy to park and recharge. Moreover, the e-bikes segment is expected to emerge as prominent growing segment during the forecast period.

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Wired segment to dominate the market

On the basis of charger types, the global micro-mobility charging infrastructure market can be divided into wired and wireless. The wired segment held a large revenue share of more 50% in 2020 and is expected to dominate the market. Rising focus on deployment of wired charging stations due to surge in demand for e-scooters is the major factor peopling the market growth. On the other hand, the wireless segment is projected to grow at a rapid pace in near future.

Battery segment to register a steady growth rate

In terms of power source, the market can be bifurcated into solar powered and battery powered. The battery powered segment accounted for more than 55% revenue share in 2020 and is anticipated to continue the trend of dominance during the forecast period. Moreover, the solar powered segment is expected to register a high growth rate due to the increasing awareness about eco-friendly vehicles.

Residential segment to account a significant market share

Based on end-uses, the global micro-mobility charging infrastructure market can be segregated into commercial and residential. The residential segment held a dominant position in 2020 owing to the factors such as rapid urbanization and rising traffic congestion. However, the commercial segment is anticipated to emerge as prominent growing segment during the forecast period.

Based on regions, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific to constitute a significnant share of the market in the projected timeline due to rapid industrialization and shift toward use of battery-powered vehices in Japan, China, India, and Indonesia. Besides, North America is projected to exhibit a high CAGR during the forecast period.

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Segments

Segments covered in the Report
By Vehicle Types

• E-scooters
• E-bikes
• E-unicycles
• E-skateboards

By Charger Types

• Wired
• Wireless

By Power Sources

• Solar Powered
• Battery Powered

By End-uses

• Commercial
• Residential

By Regions

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

By Key Players

• Ather Energy
• Get Charged, Inc.
• Giulio Barbieri SRL
• Ground Control Systems
• Magment GmbH
• bike-energy
• Flower Turbines
• Perch Mobility
• Robert Bosch GmbH
• Mobility House GmbH.

Competitive Landscape

The major players in the global micro-mobility charging infrastructure market are Ather Energy, Get Charged, Inc., Giulio Barbieri SRL, Ground Control Systems, Magment GmbH, bike-energy, Flower Turbines, Perch Mobility, Robert Bosch GmbH, and Mobility House GmbH.

In June 2021, the Miami Parking Authority (MPA) partnered with Swiftmile to launch the newly developed network of micro-mobility charging stations equipped with solar panels to charge e-scooters with clean, renewable energy.

In March 2021, France-based market players announced the installation of 150 charging stations for micro mobility vehicles including e-scooters and e-bicycles, aiming the rise in use of micro mobility vehicles leading reduction in pollution.