Global Micro-Mobility Market Size, Share, and Forecast Analysis 2025-2029

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What Are the Micro-Mobility Market Size Forecast for 2025?
The size of the micro-mobility market has seen accelerated expansion in the past few years. The market, which is projected to be valued at $62.98 billion in 2024, is expected to expand to $75.14 billion in 2025, with a compound annual growth rate (CAGR) of 19.3%. This surge during the historical period can be traced back to factors such as urban growth, shifts in consumer behavior, economic elements, influence of COVID-19, and progress in infrastructure.

What Is the Market Size Outlook for Micro-Mobility Until 2029?
The scale of the micro-mobility market is predicted to undergo substantial expansion in the upcoming years, escalating to $161.74 billion in 2029 with a 21.1% compound annual growth rate (CAGR). The growth anticipated during this period is due to a multitude of factors such as global events and pandemics, trends towards health and wellness, changing consumer tastes, the amalgamation of data and AI, and a symbiosis with public transportation systems. Major trends projected during this forecast timeline include going electric, a diversified array of vehicles, the advent of autonomous micro-mobility, an emphasis on a user-focused design approach, and the incorporation of circular economy initiatives.

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What Are the Major Factors Driving Demand in the Micro-Mobility Market?
The growth of the micro-mobility market is anticipated to be driven by the escalating demand for public transportation. Public transportation facilitates the journey of a large number of individuals using specified routes via buses, metros, and trains. Micro-mobility plays an important role in easing and improving people's mobility in highly populated areas, enhancing personal travel, and offering users easier access to transit options. Furthermore, the need for micro-mobility is bolstered by urbanization, as an increasing number of individuals require transportation access. For example, a report released by the US Bureau of Labor Statistics in September 2022 highlighted that in the USA, consumer expenditure on general public and other forms of transport increased by 72% in 2021. Notably, intercity bus ticket costs rose by 87.4% and intercity train fares soared by 40.7%. Consequently, the burgeoning demand for public transportation is expected to fuel the micro-mobility market.

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How Are End-Use Segments Shaping the Micro-Mobility Market Outlook?
The micro-mobility market covered in this report is segmented -

1) By Type: Bicycles, E-Bikes, E-Kick Scooters, Other Types
2) By Speed: Up To 25 Kmph (Kilometers Per Hour), 25-45 Kmph (Kilometers Per Hour)
3) By Propulsion: Human Powered, Electrically Powered
4) By Sharing Type: Docked, Dock-Less
5) By Ownership: Business To Business, Business To Consumers

Subsegments:
1) By Bicycles: Traditional Bicycles, Folding Bicycles, Cargo Bicycles
2) By E-Bikes: Pedal-Assist E-Bikes, Throttle-Controlled E-Bikes, E-Mountain Bikes
3) By E-Kick Scooters: Standalone E-Scooters, E-Scooter Sharing Systems
4) By Other Types: E-Mopeds, Segways, Electric Skateboards

What Are the Strategic Trends Transforming the Micro-Mobility Market Landscape?
Advancements in product design and technology have become prominent trends gaining traction in the micro-mobility market. Top players in the micro-mobility space are crafting innovative products armed with cutting-edge technologies to carve out a competitive advantage. For example, in January 2022, LIME, an American micro-mobility service provider, introduced the Gen4 E-bike, an electric bike equipped with a swappable, interchangeable battery. It boasts unique enhancements like higher motor power, a fixture for mobile phones, a mirror display handlebar, an automatic two-speed transmission, and a sleek modular design.

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Who Are the Prominent Companies in the Micro-Mobility Market by ?
Major companies operating in the micro-mobility market include Yadea Technology Group Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Xiaomi Corp., Segway Inc., Swagtron, Airwheel Holding Limited, Yamaha Motor Co. Ltd., Accell Group N.V., Derby Cycle AG, Neutron Holdings Inc., Bird Rides Inc., ElectricFeel AG, Beam Mobility Holdings Pte. Ltd., Dott B.V., Yulu Bikes Pvt. Ltd., Voi Technology AB, Tier Mobility GmbH, Dynamic, Helbiz Inc., Veo Technologies Inc., Razor USA LLC, Ninebot Inc., Gogoro Inc., Superpedestrian, VanMoof, Cowboy, Spin

Which Region Is Expected to See the Highest CAGR in the Micro-Mobility Market?
Asia-Pacific was the largest region in the micro-mobility market in 2024. North America is expected to be the fastest-growing region in the micro-mobility market during the forecast period. The regions covered in the micro-mobility market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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