Micro-Mobility Market Worth USD 243.22 Billion By 2030

The Micro-mobility Market size was valued at USD 79.12 Billion in 2023 and is expected to grow at a CAGR of 17.4 % from 2024 to 2030, reaching nearly USD 243.22 Billion.

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Key market dynamics and opportunities

As we know, the fast growth of global cities resulted in more and more problem such as traffic jam and pollution. Electric scooters, bicycles, and other lightweight vehicles have sprouted up all over, serving as sustainable solutions for short-distance travel and reducing dependence on traditional cars. Micro-mobility in public transport systems allows for seamless first and last-mile connectivity, supplying commuters with options along with flexibility right at the start or end of their journey. Technological innovations such as longer battery life and built-in smart road infrastructure also enables the expansion of micro-mobility vehicles. Also, favourable government policies such as green transportation policies and continued investment in dedicated cycling lanes and parking spaces places a supporting environment for market growth.

Segmentation Analysis

The micro-mobility market can be segmented, by vehicle type, by propulsion, by sharing type, by speed and by age group.

Vehicle Type

E-Kick Scooters - Compact, electric powered scooters are also suitable for short-distance commute and are becoming popular alternative for their ease of use and convenience.

Electric Skateboards: These provide a combination of leisure and transport and are attractive to young people looking for a nimble method of getting around town.

Electric Bicycles (E-Bikes) - E-bikes features pedal help, which makes a longer commutes much simpler and extra enticing to wide selection of ages.

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Propulsion

Human-Powered: These bikes and scooters are human-powered, including traditional types, which many people choose for health benefits and the low environmental impact associated with their use.

E-Bike: Increasingly popular in urban areas, electric bicycles enable faster speeds while eliminating some of the physical exertion, as moving parts are powered by a battery.

Country-Level Analysis

U.S: The micro-mobility market in the U.S. is growing very fast, especially in urban places with heavy traffic and environmental issues. There are many cities that have already developed bike-sharing programs and are building infrastructure to allow micro-mobility to thrive, including dedicated bike lanes and parking zones.

Germany: Germany being one of the front-runners in the realm of environment initiatives, has been encouraging micro-mobility further through incentives from the government and well-structured cycling infrastructure. With the aid of policy favouring sustainable urban transport, major cities have seen e-scooter and e-bike usage explode.

China: The huge urban population and aggressive technology development cycle forming the backbone of the micro-mobility market in China. The biggest market share in eModel is driven by the huge demand for eBike and the appearance of a lot of big name manufacturers in the country. With the technology seeing vast improvements and the world of subway automation being innovated, government regulations are also adapting to ensure all safety standards are met, and hopes of automated subway trains will someday be integrated into already-existing transport systems.

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France: The French capital has led the way in the introduction of micro-mobility, with large bike-sharing initiatives and limiting cars from some streets to fight pollution. Supportive Government To long-term sustainable delivery of initiatives and strategies surrounding transport solutions, the government is driving shorter, greener, and cleaner traffic through which micro-mobility businesses can flourish.

Competitor Analysis

Hit by increasing demand and growing trends in the global micro-mobility market, competition raging among key players, but still, they are working more towards making the micro-mobility market thrive even better.

Lime: Another widely used scooter and bike rental throughout several nations, Lime provides scooters and bikes powered by electricity. The organization is all about the sustainability of everything and has associated with the city administration to follow all the local regulations accordingly.

Bird: Leading e-scooter sharing company Bird focuses on safety, with features such as in-app tutorials and geofencing for better rider experience It also continues to grow its global offerings by way of partnerships.

Grin: Mostly operating in Latin America, Grin cryptocurrency mynexus merged with Yellow and became part of Grow Mobility in order to increase its footprint and offering in terms of vehicle types. The business is individually tailored to cater for the specific transport needs of emerging markets.

Ofo - Another pioneer of the dockless bike-sharing space, Ofo continues to be a relevant player, especially in Asia, despite its struggles. The company is moving back in the center to grow with the market.

Conclusion

Related: Micro-Mobility is Set to Take Off Disclaimer: This content was provided by micro-mobility content creators and adapted by online publication Downlevel. Micro-mobility solutions are transforming the transport ecosystem of major cities across the globe - as cities reinvent their infrastructure and adopt favorable policies, they are emerging as an important pillar of sustainable urban commute for metropolitan travel.

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