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Micromobility Market Size, Share, Growth, Industry Forecast | Valuates Reports

08-18-2021 07:54 AM CET | Tourism, Cars, Traffic

Press release from: Valuates Reports

Micromobility Market Size, Share, Growth, Industry Forecast |

The Micromobility Market is Segmented by Type Propulsion Type (Human Powered and Electrically Powered), Vehicle Type (E-kick Scooters, Bicycles, Skateboards, and Others), Sharing Type (Docked and Dock-less), and Age Group (15-34, 35-54, and 55 and Above): Global Opportunity Analysis and Industry Forecast, 2021–2030. It is published in Valuates Reports under Automotive Industry.

The global micromobility market was valued at USD 40.19 Billion in 2020 and is projected to reach USD 195.42 Billion by 2030, registering a CAGR of 17.4% from 2021 to 2030.

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The micromobility market is still in its infancy, and its evolution or growth will be determined by regulatory approval and consumer acceptance.

Major factors driving the growth of micromobility market are:

The rise in the trend of on-demand transportation services, government initiatives for smart cities, and rise in venture capital and strategic investments, supplement the growth of the global micromobility market.

Increasing government attempts to establish bike-sharing infrastructure and intelligent transportation systems are predicted to drive the global micromobility market.

Furthermore, in response to rising environmental concerns, government officials are giving incentives for the use of environmentally friendly transportation options such as bicycles and electric bikes. This is expected to propel the micromobility market growth.

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Based on type, Electrically Powered is projected as the most lucrative segment. Based on sharing type, Docked is projected as the most lucrative segment. Based on age group, the population between 35-54 is projected as the most lucrative segment. Based on the region, LAMEA is expected to exhibit the highest CAGR of 25.9% during 2021-2030.

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Similar Reports:

1. Electric Bike Market:

2. Electric Scooter and Motorcycle Market:

3. Bicycle market:

4. Zero Emission Vehicle (ZEV) market :

5. Pedelec Market:

6. Vehicle Electrification Market:

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