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.

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

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.

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

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)

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:

𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐃𝐫𝐢𝐯𝐞𝐫 𝐀𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 (𝐀𝐝𝐚𝐬) 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/advanced-driver-assistance-systems-adas-market

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/electric-transporters-market

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬 (𝐄𝐯) 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/electric-vehicles-ev-market

𝐌𝐨𝐮𝐧𝐭𝐚𝐢𝐧 𝐁𝐢𝐤𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/mountain-bike-market

𝐀𝐥𝐥-𝐓𝐞𝐫𝐫𝐚𝐢𝐧 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 (𝐀𝐭𝐯) 𝐀𝐧𝐝 𝐔𝐭𝐢𝐥𝐢𝐭𝐲 𝐓𝐚𝐬𝐤 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 (𝐔𝐭𝐯) 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/all-terrain-vehicle-atv-and-utility-task-vehicle-utv-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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