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Micromobility Market:Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Micromobility MarketThe 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.
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The growing popularity of on-demand transport services, government efforts for smart cities, and an increase in venture capital and strategic investments are some of the key factors driving the micromobility market's growth. In order to commute within a 10 km radius, micromobility refers to a variety of small, lightweight vehicles that operate at a maximum speed of 15 mph (25 km/h).
An increase in pollution levels, increased urbanization, a cost-effective means of transportation, and growing environmental awareness are other reasons propelling the micromobility market's expansion. Additionally, the industry is anticipated to grow over the long run as more individuals switch to micromobility forms of transit as a result of worries about their health, cleanliness, and social isolation following an initial delay brought on by covid-induced lockdowns.
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Micromobility Market Share
The electric bicycle category, which is based on vehicle type, is anticipated to provide attractive growth prospects during the forecast period since e-bikes are the least expensive means of transportation, resulting in faster acceptance among end users.
Due to the growing demand for electric-powered micromobility transportation modes, the electrically powered category is anticipated to have the biggest micromobility
market share over the projection period.
Micromobility Market Share Analysis
Based on vehicle type, the electric bicycle segment is expected to provide lucrative opportunities for growth during the forecast period as e-bikes are the cheapest modes of transportation leading to faster adoption among end consumers.
Based on propulsion type, the electrically powered segment is expected to hold the largest micromobility market share during the forecast period due to the rising demand for electric-powered micromobility transportation modes.
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Micromobility Market Segmentation
Micromobility Market by Propulsion Type
• Human Powered
• Electrically Powered
Micromobility Market by Vehicle Type
• E-kick Scooters
• Bicycles
• Skateboards
• Others
Micromobility Market by Sharing Type
• Docked
• Dock-less
Micromobility Market by Age Group
• 15-34
• 35-54
• 55 and Above
Key Companies
• Beam Mobility Holdings
• Bird
• Electricfeel
• Dott
• Lime
• Neuron Mobility
• VOI
• Yulu
• Zagster
• Floatility GmbH
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Private car ownership has been the most common and preferred way of moving people from point A to point B. But, over the past few years with the rise of Mobility-as-a-service, even car companies want to be a complete Mobility service provider in order to keep pace with changing consumer behaviour.
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