Latest Trends In Global Micromobility Market

Micromobility refers to a mode of transportation that involves lightweight, small-scale vehicles designed for short-distance travel within urban or suburban areas.

These vehicles are typically compact, easy to maneuver, and well-suited for covering relatively short distances, often referred to as the "last mile" or "first mile" of a journey.

Micromobility solutions have gained prominence as cities seek to address issues related to congestion, pollution, and limited urban space.

One real-world example of micromobility is the electric scooter (e-scooter) sharing programs that have become increasingly popular in many cities.

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Another example is the use of dockless bicycles, which are available for rent at various locations throughout a city. Users can unlock the bicycles using a mobile app, ride them to their destination, and then leave them at their destination without needing to return them to a specific docking station.

MICROMOBILITY MARKET SIZE AND FORECAST

The Global Micromobility Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

RECENT DEVELOPMENT

Veo, one of the shared micro mobility firms that secured New York City's e-scooter permit, is moving into retail. Starting Thursday, the company will be selling its Cosmo X seated, pedal-less scooter across the United States.

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Cosmo X Can reach speeds of 17 miles per hour, Over 45 miles of range. It has a 500W motor which is great for hills. Waterproof swappable battery, Takes 5-6 hours to charge.

Also It's "Mountain bike-inspired suspension" with coil spring front fork. It has 18-inch pneumatic tires, Aluminum alloy frame, Front and rear mechanical drum brakes in waterproof casing.

The main difference between the Cosmo X and shared Cosmo S is the ability to customize the former to the owner's tastes. Users will be able to choose between fun colors for the body like Malibu pink, cosmic blue or Moondust, as well as a range of rim colors.

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THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

How should the car manufacturers look at this market and how it will impact them?
Which country/region has the biggest growth opportunity? US, Europe, China, ASEAN or India?
How much supplemental volumes can electric scooter, bikes, gasoline scooter manufacturers expect per annum and how should the component suppliers prepare themselves for this?
The opportunity for compact traction motor, wheel, wiring harness and brake manufacturers
Monthly active user base and average revenue per ride in top 10 countries
How does the micro mobility users profile vary from US/Europe to Asia?
The legislative roadblocks and how the micromobility operators plan to overcome them
Opportunity for software/technology/GPS providers
Investment opportunity for car rental/ taxi operator companies to offer a holistic mobility solution
Market share of micro mobility operators in different regions

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This release was published on openPR.