Press release
Micro Mobility (Scooters) Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Micro Mobility (Scooters)
What Is the Projected Growth of the Micro Mobility (Scooters) Market?
The scale of the micro mobility (scooters) market has experienced remarkable expansion in the past years. It is projected to surge from $23.19 billion in 2024 and reach up to $28.79 billion in 2025, showcasing a compound annual growth rate (CAGR) of 24.2%. The preceding growth can be traced back to factors such as escalating demand for micro-mobility solutions and affordable commuting alternatives, necessity for last-mile connectivity, surge in usage of electric bikes and scooters, proliferation of shared mobility services, and intensifying urbanization.
The micro-mobility (scooters) market is projected to experience massive growth in the ensuing years, with its value expected to reach $69 billion in 2029 along with a compound annual growth rate (CAGR) of 24.4%.The phenomenal growth in the forecast period is due to factors like the increase in greenhouse gas emissions, the burgeoning demand for electric skateboards and bicycles, escalating investments in green energy, increasing traffic issues, and a shift towards sustainable modes of transport among consumers. The forecast period will also witness certain significant trends such as incorporation of edge computing technology and internet of things (IoT) gadgets, technological developments, introduction of advanced features in e-scooters, e-bikes, and other micro-mobility solutions, inclusion of global positioning system (GPS) for navigation, and advancements in battery management systems.
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What Are the Different Micro Mobility (Scooters) Market Segments?
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 Are the Primary Drivers Shaping the Micro Mobility (Scooters) Market?
The expansion of shared mobility services is likely to fuel the rise of the micro-mobility (scooters) market in the future. Shared mobility services encompass transport choices that enable users to share vehicles such as cars, bikes, or scooters on a temporary basis. Increase in such services is credited to consumer preference for sustainability, economical aspects, urban growth and infrastructural development, regulatory backing, and policy initiatives. Micro-mobility (scooters) contribute to shared mobility services by offering easy, end-to-end travel options that boost accessibility and lessen crowding. For example, in July 2023, as per the European Commission, a Belgium-based establishment, the 2023 European shared mobility index reveals an 11% collective rise in ridership compared to quarter 1 2022, with unanchored bikes witnessing the highest growth, with a significant 33% increase in journeys over the past year. Consequently, the surge in shared mobility services is a driving force for the growth of the micro-mobility (scooters) market.
Which Companies Are Leading 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.
What Are the Major Trends Shaping the Acellular Dermal Matrices Market?
Leading firms in the micro-mobility (scooters) sector are introducing cutting-edge solutions such as kick scooters to improve urban travel and encourage green commuting. Kick scooters, which are lightweight and non-motorized, are intended for short-range trips and are commonly utilized in city settings for convenient and environmentally friendly travel. For example, in October 2022, NIU Technologies, a company based in China specializing in electric scooters, introduced the KQi3 Max, a kick scooter with a maximum speed of 20 MPH and a distance capability of 40.4 miles. Powered by a 40v lithium battery, the KQi3 Max is equipped with four custom riding modes, a broader deck, and a load capacity of 265 pounds, providing riders of all sizes with comfort and stability.
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What Are the Top Revenue-Generating Geographies 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Micro Mobility (Scooters) Market?
2. What is the CAGR expected in the Micro Mobility (Scooters) Market?
3. What Are the Key Innovations Transforming the Micro Mobility (Scooters) Industry?
4. Which Region Is Leading the Micro Mobility (Scooters) Market?
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