Global Micro Mobility (Scooters) Market to Reach $69 Billion by 2029, Growing at 24.4% CAGR

Which drivers are expected to have the greatest impact on the over the micro mobility (scooters) market's growth?
The surge in shared mobility solutions is anticipated to stimulate micro-mobility (scooters) market expansion in the future. Shared mobility solutions are transport options that enable users to use vehicles like cars, bikes, or scooters on a rental basis. The surge is credited to consumer preferences for sustainable means of transport, economic considerations, city development and infrastructural advancements, regulatory encouragement, and policy drives. Micro-mobility (scooters) contributes to the shared mobility industry by offering handy, last-mile commute solutions that improve access and minimize traffic. For example, as per the European Commission, a Belgium-based institution, the 2023 European shared mobility index reported an 11% aggregate surge in ridership relative to the first quarter of 2022, with dockless bikes seeing the most significant growth at a remarkable 33% over the previous year. Therefore, the surge in shared mobility services has fueled the expansion of the micro-mobility (scooters) market.

Get Your Micro Mobility (Scooters) Market Report Here:
https://www.thebusinessresearchcompany.com/report/micro-mobility-scooters-global-market-report

What is the future CAGR of the micro mobility (scooters) market, and how will it impact industry expansion?
The market size for micro mobility, specifically scooters, has witnessed a significant expansion over the past few years. The market is set to escalate from $23.19 billion in 2024 to $28.79 billion in 2025, escalating at a compound annual growth rate (CAGR) of 24.2%. Factors contributing to this surge in the historic period include increased interest in micro-mobility and cost-effective travel alternatives, rising need for last-mile connectivity solutions, a growth in the use of electric bikes and scooters, an escalation in shared mobility services, and burgeoning urbanization.

It is projected that the micro mobility (scooters) market will experience incredible growth in the coming years, reaching a size of $69 billion in 2029 with a compound annual growth rate (CAGR) of 24.4%. This predicted growth during the forecast period can be linked to factors like increasing greenhouse gas emissions, surging demand for electric skateboards and bicycles, growing investment in clean energy, intensifying traffic congestion, and the consumer shift towards eco-friendly transport options. Key trends during this forecast period comprise the integration of edge computing technology and internet of things (IoT) devices into micro-mobility solutions, technological advancements, the launch of state-of-the-art features and functionalities in e-scooters and e-bikes, the integration of global positioning system (GPS) navigation, and advancements in battery management systems.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20880&type=smp

What are the most significant trends transforming the micro mobility (scooters) market today?
Leading corporations in the micro-mobility (scooters) market are innovating and introducing solutions like kick scooters to improve urban transport and foster sustainable travel methods. These kick scooters are lightweight, non-powered scooters tailored for commuting short distances and are frequently used in city settings for efficient and eco-conscious transit. For example, NIU Technologies, an electric scooter company based in China, introduced the KQi3 Max, a kick scooter, in October 2022. This particular model, known for its top speed of 20 MPH and 40.4-mile range, is powered by a 40v lithium battery. It also offers four custom riding settings, a spacious deck, and the ability to carry a load of up to 265 pounds, providing comfort and stability for riders of various body types.

Which key market segments comprise the micro mobility (scooters) market and drive its revenue growth?
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)

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20880

What regions are at the forefront of micro mobility (scooters) market expansion?
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.

Who are the leading players fueling growth in the micro mobility (scooters) market?
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.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=20880&type=smp

What Is Covered In The Micro Mobility (Scooters) Global Market Report?

•Market Size Forecast: Examine the micro mobility (scooters) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the micro mobility (scooters) market for a structured understanding.
•Key Players Overview: Analyze major players in the micro mobility (scooters) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the micro mobility (scooters) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the micro mobility (scooters) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the micro mobility (scooters) market.
•Industry Challenges: Identify potential risks and obstacles affecting the micro mobility (scooters) market.
•Competitive Landscape: Review strategic developments in the micro mobility (scooters) market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.