Key Trends in E-Mobility Services Market: Size and Share Insights for 2024

The E-Mobility Services Market is experiencing rapid growth, driven by the increasing adoption of electric vehicles (EVs) and the need for convenient and sustainable transportation solutions. Here's a comprehensive overview of the key points, trends, and recent industry news: The global market for E-Mobility Services was valued at USD 3.30 billion in 2021 and is projected to reach USD 65.81 billion by 2030, growing at a CAGR of 35.7% from 2023 to 2030. E-mobility services refer to various offerings that provide services to customers using electric vehicles. These services include support for charging stations in specific areas where fleets are based and where capacity is needed.

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Competitive Landscape

The competitive landscape of the e-mobility services market is comprised of various market players, including Neutron Holdings Inc., Uber Technologies Inc., Bird Rides Inc., Enterprise Holdings Inc., Donkey Republic APS, Grab Holdings Inc., Cityscoot SAS, Car2go N.A. LLC, ANI Technologies Pvt. Ltd., and Didi Global. These companies employ different strategies, such as product launches and partnerships, across different regions to maintain their dominance in the e-mobility services industry.

Key Market Trends

Expansion of Shared Mobility Services: The market is witnessing a surge in the popularity of electric ride-hailing, car-sharing, and scooter-sharing platforms, offering on-demand, eco-friendly transportation options.

Integration of Renewable Energy: The integration of renewable energy sources, such as solar panels, into EV charging infrastructure is making e-mobility even more environmentally friendly.

Emergence of Fast-Charging Networks: The development of fast-charging networks is addressing the issue of "range anxiety" and improving the convenience of owning and using electric vehicles.

Growth of Electric SUVs and Trucks: There is a growing trend towards the adoption of electric SUVs and trucks, catering to a wider range of consumer preferences.

Key Market Segments

Service Type: The e-mobility services market is segmented into ride-hailing, car-sharing, and last-mile commuting services.

Vehicle Type: The market is divided into battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), with BEVs accounting for the larger market share.

Commuting Pattern: The last-mile commuting segment is the largest and fastest-growing, as e-mobility services provide convenient transportation for short distances.

End-Use: The personal use segment dominates the market, as consumers use e-mobility services for commuting, running errands, and short trips.

Regional Outlook

Asia-Pacific: The region, led by China, is the largest and fastest-growing market for e-mobility services, driven by government support and the increasing adoption of EVs.

Europe: Countries like Germany, the UK, and France are major markets, with well-established bike-sharing systems and growing investment in charging infrastructure.

North America: The US and Canada are seeing significant growth in e-mobility services, particularly in the ride-hailing and car-sharing segments.

Latin America and the Middle East and Africa: These regions are still in the nascent stage, but the adoption of EVs and related services is increasing at a rapid pace.

Recent Industry News and Developments

Partnerships and Collaborations: In March 2023, Nextbike by TIER announced that it has won the tenders to operate its bike-sharing systems in Santander, Arteixo, and the Bizkaia (Biscay) region in Spain.

Government Initiatives: In February 2023, the German government released the National Cycling Plan (NRVP 3.0), which aims to promote cycling and drive the expansion of the bike-sharing market in Germany.

Investments and Funding: In May 2023, the French government announced a EUR 2 billion investment in a new bicycle plan through 2027, which includes building infrastructure, renewing aid for cycle purchases, and tripling the cycling modal share from 3% to 9%.

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Overall, the E-Mobility Services Market is poised for significant growth, driven by the increasing adoption of electric vehicles, the expansion of shared mobility services, and the integration of renewable energy sources into the charging infrastructure. The market is attracting substantial investment and innovation from both established players and startups, as the industry continues to evolve and meet the growing demand for sustainable transportation solutions.

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This release was published on openPR.