Micro-Mobility Market Trends: Redefining Urban Transportation with E-Scooters and E-Bikes To Reach US$ 9.0 Billion By 2031

Latest Research Report Study on Micro-Mobility Market

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.

Micro-Mobility Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Micro-Mobility refers to the use of small, lightweight vehicles designed for short-distance travel, typically in urban environments. These vehicles include electric scooters, e-bikes, skateboards, and other personal transportation modes that are both eco-friendly and efficient for navigating congested areas. Micro-mobility solutions provide an alternative to traditional cars, offering reduced emissions, cost-effectiveness, and convenience for daily commutes and last-mile transportation.

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.

Industry Development:

On February 8, 2024, Aponyx introduced high-speed electric scooters in India, manufactured locally. This launch marks a major step forward in promoting environmentally conscious transportation through the development of electric two-wheelers.

On November 26, 2023, TVS Motor Company unveiled its range of electric two-wheelers to cater to a variety of consumer segments. The company's production capacity stands at approximately 25,000 units per month.

Growth Forecast 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.

Research Process:

Both primary and secondary data sources have been used in the global Micro-Mobility Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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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 for Micro-Mobility Market:

The regional analysis of the Micro-Mobility Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Micro-Mobility market?

➠ Who are the leading manufacturers in the global Micro-Mobility industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Micro-Mobility industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Micro-Mobility market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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