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Micro Mobility Market Size, Share & Growth | Forecast [2031]
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Micro Mobility Market Size, Share & Growth | Forecast [2031]

Segments - Micro-mobility Market by Propulsion Types (Human Powered and Electrically Powered), Vehicle Types (E-kick Scooters, Bicycles, Skateboards, and Others), Sharing Types (Docked and Dockless), Age Group (15-34, 35-54, and 55 and Above), and Regions (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Akash Vedpathak
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :AL-3477 | 4.1 Rating | 75 Reviews | 198 Pages | Format : PDF Excel PPT

Report Description


Micro-mobility Market Outlook

The global micro-mobility market was valued USD 55.39 Billion in 2022 and is likely reach to USD 234.66 Billion by 2031, expanding at a CAGR of 17.4% during the forecast period, between 2023 and 2031. Micro mobility alludes a scope of lightweight vehicles working at a speed of not more than 15 miles per hour (25 km/h) and is considered ideal for driving inside the 10 km range.

This effectively incorporates the use of various sorts of vehicles such as bikes, e-bicycles, electric bikes, electric skateboards, shared bikes, and electric pedal helped (pedelec) bikes.

The advancements in urban areas have set out various open doors for the development of the global micro-mobility market. Besides, the presence of various specialist organization organizations followed by their speculations and formative methodologies has drawn in various little vehicles armada proprietors to hold hands toward supporting the idea of micro-mobility.

Micro-mobility Market Outlook

In 2020, the market recorded an adverse consequence inferable due to the pandemic. The severe measures and ongoing lockdown to contain the Covid-19 have obstructed the retail business movement of miniature versatility vehicles across the world.

The COVID-19 pandemic has thoroughly disrupted assembling tasks and supply chains. Nonetheless, the dread of public transportation urged a few clients to focus on buying miniature portability gadgets during 2020-21. The post-COVID climate is relied upon to speed up the progress to more economical portability.

  • The ascent in the pattern of on-request transportation administration is estimated to drive the market growth.
  • Government initiatives for savvy urban communities can contribute to the growth of the market.
  • Increasing funding from key players can positively influence the global micro-mobility market. 
  • High cost and lack of investment in emerging economies can restrain the market growth.
  • Expanding government endeavors to setup bicycle-sharing foundation and astute transportation frameworks are anticipated to drive the global micro-mobility market

Scope of Micro-mobility Market report:

The report on the Micro-Mobility market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Micro-mobility Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast

Base Year

2022

Historic Data

2016 & 2021

Forecast Period

2023–2031

Segmentation

Propulsion Types (Human Powered and Electrically Powered), Vehicle Types (E-kick Scooters, Bicycles, Skateboards, and Others), Sharing Types (Docked and Dockless), Age Group (15-34, 35-54, and 55 and Above)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

Yadea Technology Group Co., Ltd., JIANGSU XINRI E-VEHICLE CO., LTD., Xiaomi, SEGWAY INC., SWAGTRON, Boosted USA, Air wheel Holding Limited, YAMAHA MOTOR CO., LTD., and Accell Group.

Micro-mobility Market Segment Insights

Electrically powered segment to account a large market share

Based on propulsion types, the market can be bifurcated into human powered and electrically powered. The electrically powered segment to account a major market share during the forecast period. Rapid electrification due to rising fossil fuel prices is driving the growth of the market segment.

Micro-mobility Market Propulsion Types

Electric kick scooter segment to exhibit a high CAGR

In terms of vehicle types, the micro-mobility market can be fragmented into electric kick scooters, electric skateboards, and electric bikes. The electric kick bikes segment held 85% of the market share, and is projected to expand at a CAGR of more than 14% during the forecast period.

A few nations are pursuing boosting the utilization of electric bikes utilizing both administrative and endowments changes to diminish the weight on open transportation frameworks. The bike-sharing market is propelling the segment growth.

Dockless segment to expand at a robust pace

On the basis of sharing types, the market can be bifurcated into docked and dockless. The dock less segment is estimated to expand at a robust CAGR during the forecast period. On the other hand, the docked segment is expected to constitute a considerable market share in the projected timeline.

Micro-mobility Market Sharing Types

15-34 segment to dominate the market

Based on age group, the market can be segregated into 15-34, 35-54, and 55 and above.  The 15-34 segment is estimated to dominate the market during the forecast period. Rising disposable income is one of the major drivers of the market segment.

Micro-mobility Market Regional Outlook

The market in Asia Pacific to exhibit a high CAGR

On the basis of regions, the market can be classified as North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific represented more than a 45% market share in 2020. Most players fabricating micro-mobility vehicles work in countries in Asia Pacific.

The legislatures of economies, for example, India, China, and Japan are setting up guidelines for vehicle charging foundation, which is anticipated to contribute to market development.

Micro-mobility Market Region

Segments

By Propulsion Types

  • Human Powered
  • Electrically Powered

By Vehicle Types

  • E-kick Scooters
  • Bicycles
  • Skateboards
  • Others

By Sharing Types

  • Docked
  • Dockless

By Age Group

  • 15-34
  • 35-54
  • 55 and Above

By Regions

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

By Key Players

Competitive Landscape

The key market players such as Yadea Technology Group Co., Ltd., JIANGSU XINRI E-VEHICLE CO., LTD., Xiaomi, SEGWAY INC., SWAGTRON, Boosted USA, Air wheel Holding Limited, YAMAHA MOTOR CO., LTD., and Accell Group.

Micro-mobility Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Micro-mobility Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Micro-mobility Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Micro-mobility Market - Supply Chain
  4.5. Global Micro-mobility Market Forecast
     4.5.1. Micro-mobility Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Micro-mobility Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Micro-mobility Market Absolute $ Opportunity
5. Global Micro-mobility Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Micro-mobility Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Micro-mobility Demand Share Forecast, 2019-2026
6. North America Micro-mobility Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Micro-mobility Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Micro-mobility Demand Share Forecast, 2019-2026
7. Latin America Micro-mobility Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Micro-mobility Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Micro-mobility Demand Share Forecast, 2019-2026
8. Europe Micro-mobility Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Micro-mobility Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Micro-mobility Demand Share Forecast, 2019-2026
9. Asia Pacific Micro-mobility Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Micro-mobility Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Micro-mobility Demand Share Forecast, 2019-2026
10. Middle East & Africa Micro-mobility Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Micro-mobility Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Micro-mobility Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Micro-mobility Market: Market Share Analysis
  11.2. Micro-mobility Distributors and Customers
  11.3. Micro-mobility Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Yadea Technology Group Co., Ltd.
     11.4.2. JIANGSU XINRI E-VEHICLE CO., LTD.
     11.4.3. Xiaomi
     11.4.4. SEGWAY INC.
     11.4.5. SWAGTRON
     11.4.6. Boosted USA
     11.4.7. Air wheel Holding Limited
     11.4.8. Y

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