E-Bikes Dominated the Japan Micromobility Market

The Japanese micromobility market is a growing and it will grow at a rate of 78.7% in the years to come, to reach a value of USD 11,663 million by 2030, as per a report by a market research firm P&S Intelligence in one of its reports.

E-bikes had the largest share in the industry in Japan in the past. This has a lot to do with fact that e-bike sharing service is a suitable and environment-friendly mobility option, extremely beneficial in limiting the pollution.

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The dockless category will grow faster in the years to come. This is because of the increasing count of companies choosing for dockless bike sharing concept, as it needs less spending than a docked system. The operators find dockless bike sharing more attractive, because of its affordability and convenient features, including flexible and easy parking.

The battery swapping can be attained in two ways: (a) The rider substitutes the discharged one with a charged one at a swapping center. (b) A micromobility employee swaps discharged batteries with charged batteries going around the cities.

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The growth of the Japanese micromobility market has been exponential, because of factors including low pricing, high availability, and ease of functioning. The increase in acceptance rate of micromobility services is 10 times higher as compared to the ride-sharing services in its initial phase.Most profitable criteria for choosing a service for a consumer is cost. Micromobility is an option for low-cost travel, which has enticed travelers to try the service initially.

Additionally, the government of the country has also recognized micromobility as a replacement to intra-city transport systems in the duration of the peak hours. Therefore, these factors power the growth of the micromobility in Japan.

It is because of the need for reducing traffic congestion, the demand for micromobility services will continue to rise in the years to come.

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This release was published on openPR.