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Micromobility Market Size, Share, Growth, Industry Forecast | Valuates Reports
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.
View Full Report: https://reports.valuates.com/reports/ALLI-Manu-1E46/micromobility
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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MICROMOBILITY INDUSTRY SHARE ANALYSIS
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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