Micro Mobility Market Product Development Strategies by Prominent Players: Beijing Mobike Technology Co. Ltd., Bird Rides Inc., Easymile SAS, Floatility GmbH, LimeBike, Scoot Network, Skip Transportation, Spin Scooters, Sway Mobility and Zagster

Micro Mobility Market Outlook - 2027: Micro mobility refers to a range of small, lightweight devices operating at speeds. Micro mobility devices include bicycles such as E-bikes, electric scooters, electric skateboards, shared bicycles, and electric pedal assisted bicycles. Micro mobility devices can be human-powered or electric, and can be privately owned or available through a shared fleet. Some speed peddled and electric kick scooter models fall into this moderate speed subcategory. Most micro mobility devices are considered to be low-speed (top speed of 25 kilometers (16 mi)/h), but devices can have speeds up to 45 kilometers (28 mi)/h and still be considered micro mobility.

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COVID-19 SCENARIO ANALYSIS
• The coronavirus outbreak has heavily impacted the manufacturing industry. OEMs and parts suppliers have yet to return to full production capacity.
• Coronavirus caused demand to fall lower, and remain at lower levels for much longer than in a usual year.
• Consequent delays in delivery might impact the market at multiple levels from postponed new car model launches.
• As the effects of the pandemic start to wane and the industry begins to recover, OEMs will explore various options to drawback consumers and offset the drop in sales.
• Massive crisis is going to change the outlook for auto manufactures in the near future as the focus is likely to shift toward health and wellness solutions in vehicles.

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Top impacting factors: Market scenario analysis, trends, drivers and impact analysis

The significant factors impacting the growth of the micro mobility market are inflow of heavy investments and reducing the gap by offering mobility options along with lower commuting cost. However, rise in cyber threat and development in 5g and advanced technology hampers the growth of the automotive micro mobility market. On the other hand, smart cities and smart work places will fuel the demand for the micro mobility market.

Inflow of heavy investments

Recent trend in the micro mobility market has been the inflow of heavy investments directed toward its development. Many players with new start-up are resulting in the inflow of heavy investments, which increases the demand for mobility market, which drives the growth of the micro mobility market in near future.

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Reducing the gap by offering mobility options along with lower commuting cost

Micro mobility plays a pivotal role in covering the gap by offering mobility options for shorter distances. Moreover, it has lower community cost attached with micro mobility sharing services when compared to other modes of transportation. This leads to the growth of the micromobility market in near future.

Key benefits of the report:
• This study presents the analytical depiction of the market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of micro mobility market share.
• The current market is analyzed from 2020 to 2027 to highlight the micro mobility market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed micro mobility market analysis based on competitive intensity and how the competition will take shape in coming years.

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Questions answered in the micro mobility market research report:
• Which are the leading market players active in the market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

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