Press release
Travel Cost Savings to boost Global Micro Mobility Market Demands
Micro Mobility Market
"Browse 13 Market Data Tables and 15 Figures spread over 90 Pages, along with an in-depth TOC on the Global Micro Mobility Market Forecast 2021-2026."
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Micro mobility entails a range of lightweight & small vehicles that are usually driven by users. These include electric scooters, shared bicycles, electric pedal-assisted, electric skateboards, electric scooters, etc.
Travel Cost Savings is a Significant Growth Driver
The most lucrative criteria in the selection of service for any consumer is its cost. In that terms, micro mobility offers low-cost travel, along with ease of functioning and high availability. The prospect of a swift return on investment and low operational costs has also resulted in several startups and mobility services exploring business opportunities. The developed nations are keen on e-bikes and bicycles due to health and environmental benefits. The low-cost commute encourages a consumer to replace their walking phase with a convenient mode for first-or-last-mile connectivity.
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Commercial is the Dominant Application
The commercial market entails delivery services. These include items booked online through a smartphone with additional handling or delivery charges. Such services need to be compact and swift in utility to ensure the huge network of delivery points and resources. There has been a significant transition to electric-powered mobility modes like e-bikes, e-mopeds, and e-scooters from the conventional two-wheelers.
With micro mobility being a budding novel concept, the market remains untapped. The competitive rivalry is thus evaluated to be low since manufacturers focus on making the service/product profitable for buyers. Some of the prominent market players include, Bird Rides Inc, Micro Mobility Systems AG, Segway, Limebike, Spin Scooters, Swiftmile, etc.
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