Micro-Mobility Market: Industry Expected to Experience a Positive Growth till 2031 | Cannondale Bicycle Corporation, Zongshen Electric Motorcycle, Merida Industry Co. Ltd.

Global Micro-Mobility Market reached US$ 3.6 Billion in 2023 and is expected to reach US$ 9.0 Billion by 2031, growing with a CAGR of 12.1% during the forecast period 2024-2031.

DataM Intelligence has published a new research report on "Micro-Mobility Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. . The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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The Micro-Mobility market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.

Urbanization is leading to challenges like traffic congestion, pollution, and limited parking, prompting a shift towards micro-mobility solutions for last-mile connectivity. Electric bikes and scooters provide environmentally friendly alternatives to traditional cars, helping to reduce air pollution and greenhouse gas emissions. The market is witnessing growth driven by major players expanding their micro-mobility offerings; for example, NIU Technologies launched products targeting urban commuters in China, Europe, and the U.S. North America is the leading region in this market, with companies like Veo actively expanding operations. Veo recently secured an e-scooter permit in New York City and plans to produce 1,000 scooters in 2023, enhancing their shared micro-mobility services across over 50 U.S. locations.

Key Developments:

On February 8, 2024, Aponyx introduced high-speed electric scooters manufactured in India, marking a significant step forward in eco-friendly transportation.

On November 26, 2023, TVS Motor Company unveiled its electric two-wheeler range aimed at catering to diverse consumer segments, with a production capacity of approximately 25,000 units per month.

Additionally, on August 16, 2023, eBikeGo, an electric bike startup, announced plans to launch its Muvi brand of e-scooters internationally. The company has strategically selected Virginia, Barcelona, and Spain as key locations for its global expansion, set to commence in April 2024.

Forecast Growth Projected:

The Global Micro-Mobility Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Micro-Mobility Market:

Cannondale Bicycle Corporation, Zongshen Electric Motorcycle, Merida Industry Co. Ltd., Yamaha Bicycles, Terra Motor, Rad Power Bikes, Trek Bikes, Riese & Muller, Derby Cycle and VanMoof B.V.

Segment Covered in the Micro-Mobility Market:

By Type: Electric Scooters, Electric Bicycles (e-bikes), Electric Skateboards, Electric Kick Scooters, Others

By Sharing Type: Docked, Dockless

By Service: Ride-Sharing, Subscription-Based, Pay-Per-Use, Corporate and Institutional, Others

By End-User: Individual Consumers, Businesses and Enterprises, Public Sector and Governments, Tourism and Hospitality, Others

Regional Analysis:

The global Micro-Mobility Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Micro-Mobility Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Micro-Mobility Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Micro-Mobility manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Micro-Mobility in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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The research study aims to address the following key questions:

➡What is the expected growth rate of the Micro-Mobility Market during the forecast period of 2031?

➡What key factors are driving the Micro-Mobility Market across various regions?

➡Who are the leading vendors in the Micro-Mobility industry, and what strategies contribute to their success?

➡What is the anticipated market scope for the projected period?

➡What major trends are influencing the industry's growth in the coming years?

➡What challenges does the Micro-Mobility Market face?

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