Global Micro-Mobility Market, By Type (2-Wheeler, 3-Wheeler, Others), Weight Capacity (Up to 100 kg, 100–250 kg, Above 250 kg), Travel Range (Up to 20 km, 20–40 km, Above 40 km), Application (Commercial, Residential), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Micro-Mobility Market
The micro-mobility market is expected to witness market growth at a rate of 13.10% in the forecast period of 2021 to 2028. Data Bridge Market Research report on micro-mobility market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the prices of oil & gas is escalating the growth of micro-mobility market.
Micro-mobility refers to a mode of transportation which makes the use of very light vehicles such as electric scooters, pedelec, electric skateboard, bicycles and shared bicycles among others. 500 kg is the gross weight of vehicles under this category. These vehicles are utilized for short duration travel, generally first or last mile of a journey. Micro-mobility is considered as the miniaturization of transport modes for shorter journeys. Additional conditions for micro-mobility include availability for shared services and usage as primary utility among others.
The rise in the investment for micro-mobility mode of transportation by several key players and governments globally acts as one of the major factors driving the growth of micro-mobility market. The rise in adoption of this type of transportation mode owning to its various features such as compact, lightweight, electric or human-powered powertrain, less payload capacity and limited number of passengers accelerate the micro-mobility market growth. The increase in the demand for shared mobility solutions such as ridesharing, e-hailing and car sharing in urban areas and expansion of the product portfolios and enhancement of distribution networks by key players further influence the micro-mobility market. Additionally, growth in population, reduction in emissions and growth of e-scooter and e-bike sharing and renting services positively affect the micro-mobility market. Furthermore, mergers and acquisition among micro-mobility start-ups by key players in shared mobility transportation and on-demand transportation extend profitable opportunities to the micro-mobility market players in the forecast period of 2021 to 2028.
On the other hand, requirement for dedicated bike infrastructure and inapplicability for rural terrain are the factors expected to obstruct the micro-mobility market growth. Lack of public awareness is projected to challenge the micro-mobility market in the forecast period of 2021-2028.
This micro-mobility market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on micro-mobility market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Micro-Mobility Market Scope and Market Size
The micro-mobility market is segmented on the basis of type, weight capacity, travel range and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the micro-mobility market is segmented into 2-wheeler, 3-wheeler and others.
- On the basis of weight capacity, the micro-mobility market is segmented into up to 100 kg, 100–250 kg and above 250 kg.
- On the basis of travel range, the micro-mobility market is segmented into up to 20 km, 20–40 km and above 40 km.
- On the basis of application, the micro-mobility market is segmented into commercial and residential.
Global Micro-Mobility Market Country Level Analysis
The micro-mobility market is analyzed and market size, volume information is provided by country, type, weight capacity, travel range and application as referenced above.
The countries covered in the global micro-mobility market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the micro-mobility market because of the increase in the standards of living in urban areas, rise in the adoption of micro-mobility services and presence of leading players providing on-demand transportation services in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Micro-Mobility Market Share Analysis
The micro-mobility market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to micro-mobility market.
The major players covered in the micro-mobility market report are Lime, SEGWAY INC., Dynamic Bicycles, Inc., ZAGSTER INC., Grubhub, Uber Technologies Inc, ANI Technologies Pvt. Ltd., DoorDash, Zomato Media Pvt Ltd, Todos los derechos reservados, EasyMile, Spin, Sway Mobility, Inc., Floatility GmbH, Beijing Mobike Technology Co., Ltd, BirdRides, Inc, Lime, Micro Mobility Systems AG, WICKEDRIDE ADVENTURE SERVICES PVT. LTD, Vogo Rentals, Scoot Rides, Inc, Econduce SAPI de CV among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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