Micro-Mobility Market Size Revenue to Hit US$ 11.26 Billion By 2032, at a CAGR of 12.6% | PMR

According to Polaris Market Research's latest study, the Micro-Mobility Market is anticipated to grow at a compound annual growth rate (CAGR) of 12.6% over the estimated period. The market was valued at USD 3.87 Billion in 2023 and is anticipated to reach USD 11.26 Billion by 2032.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/micro-mobility-market/request-for-sample

The high saturation of the automotive sector and the steep rise in road congestion are the primary factors pushing the market growth forward. Besides, a significant surge in electric bicycles and electric kick scooter sharing and renting services is propelling the industry's expansion.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

Micro-mobility is a term used to describe small, lightweight vehicles used for transportation over short distances. Operated at speeds typically below 15mph and driven by users personally, these vehicles can seamlessly navigate highly dense areas. Micro-mobility can use both human-powered and electric vehicles. However, electric vehicles can't have IC engines or travel over 28mph to remain classified as micro-mobility. These vehicles take the form of bicycles, e-bikes, and electric scooters. Also, skateboards, pedelec bicycles, and shared bicycle fleets are covered under micro-mobility. Micro-mobility is known for its wide range of beneficial features, which include enhanced versatility, seamless app connectivity, and durability.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

The micro-mobility market is dominated by the presence of a few globally established firms. The top industry participants offering their products/services in the market include:

• Yadea Technology Group Co. Ltd.
• JIANGHU XINRI E-VEHICLE Co. Ltd.
• Xiaomi
• SEGWAY INC.
• Boosted USA
• YAMAHA MOTOR Co. LTD.
• Accell Group
• Derby Cycle
• Bird Global Inc.
• Motherson Sumi Systems Limited
• Central Glass Co. Ltd.
• TIER
• Fuyao Glass Industry Group
• Raine Scooters
• Skip Transportation
• Unagi Scooters
• Easymile SAS

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/2086/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

• The market segmentation for micro-mobility is primarily based on vehicle type, battery, voltage, and region.

• By vehicle type analysis, the electric bicycles segment accounted for the largest market share owing to their high convenience and affordability.

• By battery analysis, the sealed lead acid battery segment dominated the global market as there's a high preference for these batteries among various large manufacturers.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

• North America (U.S., Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/micro-mobility-market

𝐌𝐢𝐜𝐫𝐨-𝐌𝐨𝐛𝐢𝐥𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

• Electric bicycles segment accounted for largest market share in 2022, which is mainly driven by its low cost and numerous advantages like maintenance free and environmental-friendliness

• Sealed lead acid segment dominated the global market in 2022, owing to the high prevalence for these batteries due to its high reliability and sustainability

• 36V segment is expected to expand at fastest growth rate over the anticipated period on account of the wide adoption for the 36V batteries to enhance the overall performance of the electric vehicles

• Asia Pacific region is likely to grow at considerable growth rate during the projected period, which is mainly accelerated to continuous rise in the sales of electric scooters and bicycles in the region

• The global key market players include Yadea Technology, Yamaha Motor., Raine Scooters, Unagi Scooters, and Accell Group

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐒𝐦𝐚𝐫𝐭 𝐅𝐥𝐞𝐞𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/smart-fleet-management-market

𝐅𝐥𝐨𝐨𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/flooring-market

𝐈𝐧𝐬𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/global-high-temperature-insulation-market

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐑𝐚𝐝𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/global-automotive-radar-market

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐓𝐰𝐨-𝐖𝐡𝐞𝐞𝐥𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/electric-two-wheeler-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
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Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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