Press release
Rising Shared Mobility Services Drive Significant Growth In The Micro Mobility (Scooters) Market : Major Factor in the Transformation of the Micro Mobility (Scooters) Market in 2025
Micro Mobility (Scooters) Market Size
The market for micro mobility (scooters) has seen massive expansion in the past few years. It is projected to increase from $23.19 billion in 2024 to $28.79 billion in 2025, with a compound annual growth rate (CAGR) of 24.2%. Factors catalysing this growth in the historical phase can be linked to the rising demand for micro-mobility options and cost-effective travel solutions, increased need for last-mile connectivity, growth in the use of electric bikes and scooters, an uptick in shared mobility services, and accelerating urbanization.
Anticipations are high for the micro mobility (scooters) market, as it is predicted to experience considerable expansion in the upcoming years. Specifically, the market is projected to escalate to $69 billion in 2029, growing at a compound annual growth rate (CAGR) of 24.4%. This projected growth over the forecast period is due to several factors like increasing greenhouse gas emissions, a surge in requirement for electric skateboards and e-bicycles, investments in clean energy sources, worsening traffic congestion, and consumers leaning towards more sustainable modes of transportation. Noteworthy trends expected during the forecast period include blending with edge computing technology and internet of things (IoT) devices, technological advances, the introduction of advanced features and capabilities in e-scooters, e-bikes, among other micro-mobility solutions, incorporation of global positioning system (GPS) navigation, plus introductions of innovations in better battery management systems.
What Key Elements Are Boosting Growth in the Micro Mobility (Scooters) Market?
The micro-mobility (scooters) market's expansion is set to be driven by the increased usage of shared mobility services. These services involve short-term sharing options for transport such as cars, scooters, and bikes. The rise in these services is due to factors such as consumer demand for sustainability, economical considerations, urban development and infrastructure, as well as policy support and regulatory measures. Micromobility (scooters) enhance these services, providing easy and suitable transport options for the last leg of a journey, which in turn helps increase accessibility and decrease congestion. For example, according to the European Commission, a Belgium-based organization, the European shared mobility index for July 2023 showed an overall 11% increase in ridership compared to quarter 1 of 2022. Dockless bikes were highlighted as the most growing aspect with a remarkable 33% increase in journeys over the past year. Thus, the micro-mobility (scooters) market has thrived due to the rise in shared mobility services.
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Who Are the Major Industry Players Fueling Micro Mobility (Scooters) Market Expansion?
Major companies operating in the micro mobility (scooters) market are Xiaomi Corporation, Yadea Group, Lyft Inc., Bolt Technology Inc., Voi Technology Inc., Ola Electric Mobility Pvt Ltd., Neutron Holdings Inc., Gogoro Inc., Bird Global Inc., Ather Energy Pvt Ltd., Spin Inc., Dott, Unagi Inc., Segway-Ninebot Inc., Razor USA LLC, Helbiz, Swagtron LLC, E-Twow, TaoTao Inc., Inokim Inc., Mercane Inc., Mini Motor USA Inc.
How Is the Micro Mobility (Scooters) Market Evolving?
Dominant firms in the micro-mobility (scooters) sector are resorting to the creation of innovative solutions like kick scooters to scale up urban mobility and facilitate sustainable travelling methods. Kick scooters, which are non-motorized and lightweight, are designed specifically for short commutes, turning them into a popular choice in cityscapes for easy and environment-friendly transportation. As a case in point, NIU Technologies, a firm based in China that produces electric scooters, rolled out the KQi3 Max, a kick scooter in October 2022. Known for its maximum speed of 20 MPH and a distance potential of 40.4 miles due to its 40v lithium battery, the KQi3 Max comes with four customisable riding modes, a more spacious deck, and a weight-bearing capacity of 265 pounds, ensuring comfortable and steady rides for people of different sizes.
How Is the Segmentation of the Micro Mobility (Scooters) Market Defined?
The micro mobility (scooters) market covered in this report is segmented -
1) By Type: Bicycles; E-Bikes; E-kick Scooters; Other Types
2) By Battery Type: Lithium-ion; Lithium-ion polymer; Lead acid; Other Battery Types
3) By Sharing Type: Docked; Dock-less
4) By Ownership: Business-To-Business; Business-To-Consumer
5) By Application: Private; Commercial
Subsegments:
1) By Bicycles: Conventional Bicycles; Shared Bicycles; Folding Bicycles; Cargo Bicycles; Hybrid Bicycles; Mountain Bicycles; E-Bikes
2) By E-Bikes: Pedal-Assist E-Bikes (Pedelecs); Throttle-Controlled E-Bikes; Folding E-Bikes; Cargo E-Bikes; Speed Pedelecs
3) By E-Kick Scooters: Commuter E-Scooters; Heavy-Duty E-Scooters; Folding E-Scooters; Shared E-Scooters; Off-Road E-Scooters
4) By Other Types: Electric Skateboards; Hoverboards; Segways; Unicycles; Electric Tricycles (E-Trikes)
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What Is the Leading Region in the Micro Mobility (Scooters) Market?
Asia-Pacific was the largest region in the micro mobility (scooters) market in 2024 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the micro mobility (scooters) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Micro Mobility (Scooters) Global Market Report?
- Market Size Analysis: Analyze the micro mobility (scooters) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the micro mobility (scooters) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall micro mobility (scooters) market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the micro mobility (scooters) market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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