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Micro-Mobility Market Outlook 2024: Exclusive Report By The Business Research Company | Yadea Technology Group Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Xiaomi Corp., Segway Inc., Swagtron, Boosted USA
Micro-Mobility Market Size
The Business Research Company offers in-depth market insights through Micro-Mobility Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The micro-mobility market size has grown rapidly in recent years. It will grow from $52.03 billion in 2023 to $62.05 billion in 2024 at a compound annual growth rate (CAGR) of 19.3%. The growth in the historic period can be attributed to urbanization, consumer behavior shifts, economic factors, covid-19 impact, infrastructure development.
The micro-mobility market size is expected to see rapid growth in the next few years. It will grow to $121.64 billion in 2028 at a compound annual growth rate (CAGR) of 18.3%. The growth in the forecast period can be attributed to global events and pandemics, health and wellness trends, consumer preferences, data and ai integration, integration with public transit.. Major trends in the forecast period include electrification, vehicle diversity, autonomous micro-mobility, focus on user-centric desig, circular economy initiative..
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Market Segmentation:
The micro-mobility market covered in this report is segmented -
1) By Type: Bicycles, E-Bikes, E-Kick Scooters, Other Types
2) By Speed: Up To 25 Kmph (kilometres per hour), 25-45 Kmph (kilometres per hour)
3) By Propulsion: Human Powered, Electrically Powered
4) By Sharing Type: Docked, Dock-Less
5) By Ownership: Business To Business, Business To Consumers
Major Driver - Rising Demand For Public Transportation Drives Growth In The Micro-Mobility Market
Increasing demand for public transportation is expected to propel the growth of the micro-mobility market going forward. Public transportation is a mode of local transportation that allows more people to travel together along specified routes that include buses, trains, and metros. Micro-mobility facilitates and streamlines people's movement or mobility inside a populated region, enhances individual movement, and provides users with simpler access to transportation. Additionally, urbanization has also favored the demand for micro-mobility as more and more people will require access to transportation. For instance, in September 2022, according to a report published by the US Bureau of Labor Statistics, a US-based organization for financial stability and economic growth, in the USA, the consumer expenditure on overall public and other transportation climbed by 72% in 2021, with intercity bus tickets increasing by 87.4% and intercity train fares increasing by 40.7%. Therefore, the increasing demand for public transportation will drive the micro-mobility market.
Competitive Landscape:
Major companies operating in the micro-mobility market report are Yadea Technology Group Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Xiaomi Corp., Segway Inc., Swagtron, Boosted USA, Airwheel Holding Limited, Yamaha Motor Co. Ltd., Accell Group N.V., Derby Cycle AG, Neutron Holdings Inc., Bird Rides Inc., ElectricFeel AG, Floatility GmbH, Beam Mobility Holdings Pte. Ltd., Dott B.V., Yulu Bikes Pvt. Ltd., Voi Technology AB, Lyft Inc., Tier Mobility GmbH, Beijing Mobike Technology Co. Ltd., DoorDash, Dynamic, Helbiz Inc., Veo Technologies Inc., Razor USA LLC, Ninebot Inc., Gogoro Inc., GenZe by Mahindra, Superpedestrian, VanMoof, Cowboy, Jump Bikes, Spin, Wheels Labs .
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Top Trend - Revolutionizing Urban Mobility By Exploring Cutting-Edge Innovations In The Micro-Mobility Market
Product innovations have emerged as key trends gaining popularity in the market for micro-mobility. Major companies operating in the micro-mobility market are developing innovative products featuring technologies to gain a competitive edge in the market. For instance, in January 2022, LIME, a US-based shared micro-mobility company launched the Gen4 E-bike, which is an electric bike with a swappable, interchangeable battery. Some of its unique features include increased motor power, a mobile-phone holder, a handlebar with display mirroring, an automatic two-speed transmission, and a modular design.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Micro-Mobility Market Characteristics
3. Micro-Mobility Market Trends And Strategies
4. Micro-Mobility Market - Macro Economic Scenario
5. Micro-Mobility Market Size And Growth
…..
27. Micro-Mobility Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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