Micro Mobility Market Size to Boost USD 290.39 Billion By 2028 | CAGR 18.8% - Published by Emergen Research

The global Micro Mobility Market is expected to reach a market size of USD 290.39 Billion in 2028 and register a double-digit CAGR over the forecast period, according to latest analysis by Emergen Research. Robust revenue growth of the market can be attributed to rapidly increasing range of transportation services and vehicles, including e-bikes, dockless and docked shared bicycles, electric scooters, and electric skateboards.

Rising need to reduce traffic congestion in urban areas and reduce reliance on private vehicles and encourage use of public transport is also driving a shift towards micro mobility solutions. Urban consumers are increasingly adopting micro mobility solutions due to enhancement in connectivity, mobile payments, quick battery charging, convenience of these solutions, and growing smartphone penetration in urban and rural areas. Rising investments by companies offering micro mobility solutions is also resulting in development of more cost-effective and advanced vehicles in the micro mobility solutions market.

The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/493

Drivers of the Micro Mobility Market :

Several factors are driving the growth of the micro mobility market. Firstly, the rise of urbanization has led to overcrowded streets and increased commute times, prompting consumers to seek efficient modes of transportation. Micro mobility offers a convenient solution for short-distance travel, allowing commuters to bypass traffic congestion and reach their destinations quickly. Additionally, the growing awareness of environmental issues has prompted individuals to adopt more sustainable transportation options, further fueling the demand for micro mobility solutions.

Growth Factors of the Micro Mobility Market :

Despite the challenges, several factors are contributing to the continued growth of the micro mobility market. Technological advancements, such as the development of lightweight materials and efficient battery technologies, are enhancing the performance and affordability of micro mobility vehicles. Additionally, the emergence of innovative business models, such as ride-sharing and subscription-based services, is making micro mobility more accessible to a broader range of consumers. Furthermore, supportive government policies and investments in infrastructure are creating favorable conditions for the expansion of micro mobility networks in urban areas.

Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/493

The report also discusses the key players involved in the market such as:

Bird Rides, Inc., Lime Scooter, Micro Mobility Systems Ltd.s, Ofo Inc., Mobike, Motivate International Inc. (Lyft), Pride Mobility Products® Corporation, Golden Technologies, Uber, and Invacare Corporation.

The report provides a thorough estimation of the overall impact of the pandemic on the Micro Mobility Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Micro Mobility Market

Micro Mobility Latest Industry News:

In January 2020, Bird Rides, which is the leader in micro mobility, announced the acquisition of the leader in European micro mobility, Circ, which is based in Berlin. The acquisition is expected to strengthen the position of Bird Rides in the European micro mobility market.

Direct Order Can Be Placed Through This Link [Exclusive Copy] @  https://www.emergenresearch.com/select-license/493

Micro Mobility Market Segment Analysis :

Emergen Research has segmented the global micro mobility market on the basis of application, type, travel range, weight capacity, and region:

Application Outlook (Revenue, USD Billion; 2021-2028)

Residential
Commercial
Type Outlook (Revenue, USD Billion; 2021-2028)

2-wheeler
3-wheeler
Others
Travel Range Outlook (Revenue, USD Billion; 2021-2028)

Up To 20 Km
20-40 Km
More than 40 Km
Weight Capacity Outlook (Revenue, USD Billion; 2021-2028)

Up to 100 Kg
100-250 Kg
More than 250 Kg
Regional Outlook (Revenue, USD Billion; 2021-2028)

North America
U.S.
Canada
Europe
Germany
U.K.
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
Rest of MEA

Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/micro-mobility-market

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights

About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

This release was published on openPR.