Micro Mobility (Scooters) Market Size to Reach $53.79 Billion by 2029 | Growth at 23.8% CAGR Forecast

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What is the Projected Market Size of the Micro Mobility (Scooters) Industry?
In the previous years, the market size for micro mobility, particularly scooters, has seen a significant upsurge. It is projected to escalate from $18.69 billion in 2024 to $22.93 billion in 2025, with a compound annual growth rate (CAGR) of 22.7%. Factors like heightened demand for micro-mobility solutions, cost-effective touring alternatives, the need for last-mile connectivity, surge in electric bikes and scooters' usage, growth in shared mobility services, and burgeoning urbanization, contributed to the market's growth during the historical period.

What Will Be the Size of the Micro Mobility (Scooters) Market by 2029?
In the years to come, the micro mobility (scooters) market is projected to experience significant growth, escalating to a market value of $53.79 billion in 2029, with a compound annual growth rate (CAGR) of 23.8%. The predicted growth within this period stems from increasing greenhouse gas emissions, a surge in demand for electric skateboards and bicycles, substantial investments in clean energy, escalating traffic congestion, and consumers opting for environmentally sustainable modes of transportation. The forward-looking trends for this period encompass integration with edge computing technology and the Internet of Things (IoT) devices, technological evolution, the introduction of advanced features and functionality in electric scooters, bikes, and other micro-mobility solutions, integration of global positioning system (GPS) navigation, and breakthroughs in refined battery management systems.

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What Are the Key Drivers Accelerating Growth in the Micro Mobility (Scooters) Market?
The growth of the micro-mobility (scooters) market is predicted to be driven by a rise in shared mobility services. These services offer transport options that enable users to collectively use vehicles like cars, bikes, or scooters on a temporary basis. The uptick in these services is due to an increase in consumer preference for sustainable options, economic considerations, urban growth, infrastructure development, and the support of regulations and policies. Micromobility (scooters) bolsters shared mobility services by offering easy-to-use options for last-mile transportation, which improves accessibility and reduces traffic congestion. For instance, per the 2023 European shared mobility index from the European Commission, a Belgium-based group, there was an overall ridership growth of 11% in July 2023 compared to the first quarter of 2022. Dockless bikes recorded the most significant growth, with a significant 33% rise in trips over the previous year. Thus, the burgeoning shared mobility services have catalyzed the expansion of the micro-mobility (scooters) market.

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How Is the Micro Mobility (Scooters) Market Segmented by Type, Application, and Region?
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)

What Are the Key Trends Driving Growth in the Micro Mobility (Scooters) Market?
Key players in the micro-mobility (scooters) sector are pioneering novel solutions like kick scooters to enhance urban transit and support sustainable commuting methods. Kick scooters are light, non-motorized scooters designed for short-range travel, typically utilized in city surroundings for convenient and environmentally friendly transportation. For instance, NIU Technologies, an electric scooter enterprise based in China, unveiled the KQi3 Max kick scooter in October 2022. The scooter, with a maximum speed of 20 MPH and a travel range of 40.4 miles, runs on a 40v lithium battery. It offers four personalized riding modes, a more expansive deck, and a load capacity of 265 pounds, ensuring comfort and stability for riders of all sizes.

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Who Are the Leading Companies Driving 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.

Which Is the Leading Region in the Global 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.

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