Press release
Micro-Mobility Market Projected to Hit USD 11.26 Billion by 2032, to grow 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. 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.๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/micro-mobility-market/request-for-sample
๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
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.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
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:
โข Yadea Technology Group Co. Ltd.
โข JIANGHU XINRI E-VEHICLE Co. Ltd.
โข Xiaomi
โข SEGWAY INC.
โข Boosted USA
โข YAMAHA MOTOR Co. LTD.
โข Accell Group
โข Derby Cycle
โข Bird Global Inc.
โข Motherson Sumi Systems Limited
โข Central Glass Co. Ltd.
โข TIER
โข Fuyao Glass Industry Group
โข Raine Scooters
โข Skip Transportation
โข Unagi Scooters
โข Easymile SAS
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/buy/2086/2
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
โ The market segmentation for micro-mobility is primarily based on vehicle type, battery, voltage, and region.
โ By vehicle type analysis, the electric bicycles segment accounted for the largest market share owing to their high convenience and affordability.
โ 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.
๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐ ๐ญ๐จ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/micro-mobility-market
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
โข North America (U.S., Canada)
โข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
โข Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
โข Latin America (Brazil, Mexico, Argentina)
โข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
๐๐ข๐๐ซ๐จ-๐๐จ๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
โข 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
โข 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
โข 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
โข 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
โข The global key market players include Yadea Technology, Yamaha Motor., Raine Scooters, Unagi Scooters, and Accell Group
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
๐๐๐ฏ๐๐ง๐๐๐ ๐๐ซ๐ข๐ฏ๐๐ซ ๐๐ฌ๐ฌ๐ข๐ฌ๐ญ๐๐ง๐๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ (๐๐๐๐ฌ) ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/advanced-driver-assistance-systems-adas-market
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/electric-transporters-market
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐ก๐ข๐๐ฅ๐๐ฌ (๐๐ฏ) ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/electric-vehicles-ev-market
๐๐จ๐ฎ๐ง๐ญ๐๐ข๐ง ๐๐ข๐ค๐ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/mountain-bike-market
๐๐ฅ๐ฅ-๐๐๐ซ๐ซ๐๐ข๐ง ๐๐๐ก๐ข๐๐ฅ๐ (๐๐ญ๐ฏ) ๐๐ง๐ ๐๐ญ๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐๐ฌ๐ค ๐๐๐ก๐ข๐๐ฅ๐ (๐๐ญ๐ฏ) ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/all-terrain-vehicle-atv-and-utility-task-vehicle-utv-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ง๐๐จ:
Polaris Market Research
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New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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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