Exclusive Report on Global Micro-mobility Industry: to grow at a whopping rate of CAGR 18.32%

The global Micro-mobility market size was valued at $40.52 Billion in 2020 and is expected to reach $161.41 Billion by 2028 growing at the CAGR of 18.32% from 2021 to 2028.

This growth is attributed to:
● Increasing numbers of governments working to establish bike sharing infrastructure, integrate micromobility with intelligent transport systems and provide incentives to adopt environmentally friendly transportation options.
● The high demand and low supply of oil and gas, also, with oil prices reaching new highs, many consumers are finding it increasingly difficult to manage their cost of living, especially in cities with dense populations
● The growth in the popularity of on-demand transportation services and a rise in strategic investments in the indutry.

However, the hurdles in the growth of the market are due to :
● The micro-mobility solution requiring a dedicated bike infrastructure. The design and manufacturing of the micro-mobility vehicle is complex.
● The micro-mobility transportations aren't suitable for all terrains which can seriously affect their potential demand and supply forecast.
● The features that make the vehicles compact and lightweight cause them to develop damages easily if they aren’t driven carefully so their potential target market will need to be educated on how to use them safely and appropriately before buying/renting one.

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The recently published research report on Global Micro-mobility Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Micro-mobility market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Micro-mobility market report also includes the following data points:
● COVID19 Impact on Micro-mobility market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Micro-mobility market

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Key Players
Some of the major Micro-mobility players holding high market share include Motivate Inc, Bond Mobility Inc., and Anywheel Pte. Ltd. These players use new product development and expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Motivate Inc
● Bond Mobility Inc.
● Anywheel Pte. Ltd.
● Yulu Bikes Pvt. Ltd.
● SMOOVE SAS
● DiDi Chuxing
● CycleHop LLC
● Donkey Republic ApS
● Wheels Labs Inc.
● Bird Rides Inc.

Segmental Analysis
Market Segment By Application with the focus on market share, consumption trend, and growth rate of Micro-mobility Market:
o Commercial
o Private

Market Segment By Mode of Transport with focus on market share, consumption trend, and growth rate of Micro-mobility Market:
o Shared Bicycles
o Electric Scooters
o Electric Skateboards
o Others

Market Segment By Location with a focus on market share, consumption trend, and growth rate of Micro-mobility Market:
o Road
o Footpath
o Track

For more information: https://evolvebi.com/product/micro-mobility-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/?_ga=2.180718631.1026529723.1634491530-714380760.1629890610

Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

The Asia Pacific market has exhibited the highest demand rate for micro-mobility vehicles and is likely to witness continued growth during the forecast period. The two-wheeler segment dominates this space, as it's far cheaper to buy and run than a car or larger vehicle.

This region of the world is experiencing rapid urbanization; this paired with the high demand for public transport makes owning a car impractical. Scooters and mopeds are rapidly gaining popularity in this area that is also seeing higher investments into micro-mobility like e-bikes and more that come equipped with many safety features and can save on parking congestion too.

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