Press release
Emerging Growth Patterns Driving Rapid Expansion in the Micro-Mobility Market
Micro-Mobility Market
Projected Market Size and Growth Outlook for Micro-Mobility
The micro-mobility market is expected to witness significant growth over the coming years, reaching a valuation of $197.48 billion by 2030. This growth corresponds to an impressive compound annual growth rate (CAGR) of 21.5%. Several factors are fueling this expansion, including city-level sustainability programs, broader access to electric vehicle (EV) charging infrastructure, supportive regulations for micro-mobility adoption, the rise of shared ownership models, and increased demand for last-mile transportation solutions. Key trends influencing the market's trajectory include better integration with public transit systems, an increase in electric micro vehicles, expansion of shared mobility platforms, innovations in lightweight and foldable vehicle designs, and the use of data analytics for urban mobility planning.
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Key Drivers Behind Micro-Mobility Market Growth
Growing environmental concerns and the push for sustainable urban transport are prompting cities to promote micro-mobility solutions as eco-friendly alternatives to traditional vehicles. These initiatives aim to reduce traffic congestion, lower emissions, and improve overall urban livability.
Additionally, enhanced infrastructure such as expanded EV charging networks and regulatory frameworks supporting micro-mobility services are making it more convenient and accessible for users to adopt these modes of transport, further accelerating market growth.
Leading Companies Shaping the Micro-Mobility Market
The micro-mobility market currently features several influential players, including 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, and Spin.
Notably, in September 2023, Bird Global Inc., a U.S.-based micromobility technology company, acquired Spin Operations LLC for $19 million. This acquisition aims to boost Bird's presence and fleet size across North America, enhancing its competitive edge in shared electric mobility services. Spin Operations LLC specializes in shared electric scooters and e-bikes within the U.S. market.
View the full micro-mobility market report:
https://www.thebusinessresearchcompany.com/report/micro-mobility-global-market-report
Emerging Trends Highlighted by Industry Innovations
Micro-mobility companies are focusing on innovative designs such as ultra-portable foldable electric scooters to improve ease of use, storage, and sustainable urban commuting options. These scooters are engineered for quick folding, lightweight portability, and effortless integration with public transit systems, catering to urban commuters' needs for flexible transportation.
For example, in January 2024, UK-based Riley Scooters Limited launched the Riley RS3, a foldable e-scooter aimed at everyday commuting and last-mile travel. The RS3 boasts a 350 W motor with a peak output of 700 W, a removable battery providing roughly 25 km per charge, and a lightweight, weather-resistant frame. It also features multiple riding modes and enhanced safety components such as disc brakes and electronic anti-lock braking systems (E-ABS), making it an ideal choice for urban users seeking compact and eco-friendly transport solutions.
Segment Breakdown and Market Composition of Micro-Mobility
This report categorizes the micro-mobility market by various segments:
1) By Type: Bicycles, E-Bikes, E-Kick Scooters, Other Types
2) By Speed: Up to 25 Kmph, 25-45 Kmph
3) By Propulsion: Human Powered, Electrically Powered
4) By Sharing Type: Docked, Dock-Less
5) By Ownership: Business to Business (B2B), Business to Consumers (B2C)
Subsegments include:
- Bicycles: Traditional, Folding, Cargo
- E-Bikes: Pedal-Assist, Throttle-Controlled, E-Mountain Bikes
- E-Kick Scooters: Standalone, Sharing Systems
- Other Types: E-Mopeds, Segways, Electric Skateboards
This detailed segmentation provides insight into the diverse range of vehicles, propulsion methods, and business models driving the micro-mobility market forward.
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