Micro-mobility Market Trending Technologies with 17% of CAGR by 2030 – Potential Opportunity Is Opening in the Coming Years

Precedence Research presents a new report on micro-mobility market size, share, growth, industry trends, and forecast 2021 to 2030, covering various industry elements and growth trends helpful for predicting the market’s future.

The global micro-mobility market size is forecasted to reach from US$ 48.11 billion in 2021 to US$ 198.03 billion by 2030 and is anticipated to grow at compounded annual growth rate (CAGR) of 17% from 2021 to 2030.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030. The micro-mobility market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

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The factors such as rising oil and gas, rising road congestion, saturation in the automotive industry, and convenience of parking are expected to propel the micro-mobility market expansion. In addition, factors such as the global micro-mobility market growth of electric kick scooter and electric bicycle rental and sharing services are projected to open up new potential for micro-mobility in next year’s.

As greenhouse gas emissions have risen, numerous programs to combat climate change have been implemented, allowing policymakers to rest their hopes in electric vehicles. As a result, a climate change action plan was enacted to minimize transportation-related emissions by embracing sustainable and environmentally friendly transportation alternatives such as electric automobiles and public transportation. In addition, increased investments in clean energy and government attempts to reduce CO2 emissions are likely to drive demand for electric skateboards and electric bicycles.

Furthermore, several important businesses and governments around the world are increasing their investments in the micro-mobility mode of transportation, which is expected to boost the micro-mobility market growth. The government restrictions and regulations, on the other hand, may stifle market expansion during the forecast period.

The micro-mobility market is expected to increase in response to the rapidly growing demand for shared mobility solutions in metropolitan areas, such as ridesharing and car sharing. Micro-mobility vehicles also have a micro, light weight design, a lower payload capacity, an electric or human-powered powertrain, and a limited number of passengers. The global micro-mobility market is likely to be driven by these factors.

Competitive Landscape Analysis:

Some of the leading companies operating in the micro-mobility market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Major companies operating in this report are

• Beijing Mobike Technology Co. Ltd
• Micro Mobility Systems
• Dynamic Bicycles
• Skip Transportation
• Bird Rides Inc.
• Scoot Network
• Easymile SAS
• DoorDash
• GoBike
• GoJek

Market Dynamics

Drivers

Growing government initiatives

Governments in developed regions around the world are providing subsidies to micro mobility manufacturers in order to assist them in building proper road infrastructure and reaching a large number of customers. Furthermore, in response to growing environmental concerns, government officials are offering incentives to use environmentally friendly transportation options such as electric bikes, bicycles, and electric mopeds. Governments are also putting in bike lanes, charging stations, and bike parking zones. As a result, increased government initiatives to build proper road infrastructure is driving the growth of the micro-mobility market.

Restraints

Lack of consumer awareness

There is a consumer awareness problem in the micro-mobility market. The advantages and applications of micro-mobile vehicles are limited. Furthermore, the majority of people are not aware of the vehicle’s financial benefits. A lack of product awareness may lead to lower adoption and demand for micro-mobility vehicles. The lack of shared transportation options in developing areas could also stymie the growth of the micro-mobility market.

Opportunities

Surge in prices of fuels

The recent increase in oil and gas prices is significantly contributing to the rising demand for micro-mobility. The fuel market is prone to extreme price fluctuations and changes. The rising cost of gasoline has left many customers unable to meet their obligations. As a result, many people are opting for vehicles that do not require any kind of fuel to operate. Micro-mobility vehicles do not require fuel to operate. These fuel-efficient vehicles benefit the environment by reducing the use of gasoline and diesel. As a result, the rise in fuel prices will spur the growth of the micro-mobility market.

Challenges

Lack of infrastructure

Micro-mobility vehicles require a bike infrastructure. The design and production of a micro-mobility vehicle are complex and difficult. Obtaining good two-wheeler infrastructure in this market is difficult. It is significant market constraints that will affect demand and supply.In addition, rural regions are unaware about micro-mobility transportations. As a result, the lack of infrastructure for two-wheeler vehicles is the major challenge for the growth of micro-mobility market.

Report Highlights

• The electrically powered segment dominates the micro-mobility market in terms of propulsion type. Electrically powered micro-mobility vehicles do not require any type of fuel, such as gasoline or diesel, and thus help to reduce pollution.
• The docked segment is the market’s most prominent segment by sharing type, accounting for the largest share of the micro-mobility market.
• Based on the battery, the sealed lead-acid segment garnered revenue share of around 55.1% in 2020
• The 24V voltage segment accounted market share of over 75.5% in 2020
• The electric bicycle vehicle type segment garnered the largest revenue share of around 85% in 2020

Regional Snapshot

North America is expected to register highest CAGR over the forecast period. The North America region will have the highest share of the micro-mobility market. Micro-mobility is fueled by urbanization. The demand for energy-efficient transportation is growing as the urban population grows.

Asia-Pacific region accounted largest revenue share of around 45.5% in 2020. The congestion and traffic are well-known throughout the Asia-Pacific region. Micro-mobility vehicles are ideal for the region because of their small size and light weight. Micro-mobility is widely used in business enterprises in the Asia-Pacific.

Segments Covered in the Report

By Vehicle Type

• Electric Kick Scooters
• Electric Skateboards
• Electric Bicycle

By Battery

• Sealed Lead Acid
• NiMH
• Li-Ion

By Voltage

• Below 24V
• 36V
• 48V
• Greater than 48V

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Why should you invest in this report?

If you are aiming to enter the global micro-mobility market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for micro-mobility are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Micro-mobility Market 

5.1. COVID-19 Landscape: Micro-mobility Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Micro-mobility Market, By Vehicle

8.1. Micro-mobility Market, by Vehicle Type, 2021-2030

8.1.1. Electric Kick Scooters

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Electric Skateboards

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Electric Bicycle

8.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Micro-mobility Market, By Battery

9.1. Micro-mobility Market, by Battery, 2021-2030

9.1.1. Sealed Lead Acid

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. NiMH

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Li-Ion

9.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Micro-mobility Market, By Voltage 

10.1. Micro-mobility Market, by Voltage, 2021-2030

10.1.1. Distribution Channel

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. 36V

10.1.2.1. Market Revenue and Forecast (2019-2030)

10.1.3. 48V

10.1.3.1. Market Revenue and Forecast (2019-2030)

10.1.4. Greater than 48V

10.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Micro-mobility Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.1.2. Market Revenue and Forecast, by Battery (2019-2030)

11.1.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.1.4.2. Market Revenue and Forecast, by Battery (2019-2030)

11.1.4.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.1.5.2. Market Revenue and Forecast, by Battery (2019-2030)

11.1.5.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.2. Market Revenue and Forecast, by Battery (2019-2030)

11.2.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.4.2. Market Revenue and Forecast, by Battery (2019-2030)

11.2.4.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.5.2. Market Revenue and Forecast, by Battery (2019-2030)

11.2.5.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.6.2. Market Revenue and Forecast, by Battery (2019-2030)

11.2.6.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.7.2. Market Revenue and Forecast, by Battery (2019-2030)

11.2.7.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.2. Market Revenue and Forecast, by Battery (2019-2030)

11.3.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.4.2. Market Revenue and Forecast, by Battery (2019-2030)

11.3.4.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.5.2. Market Revenue and Forecast, by Battery (2019-2030)

11.3.5.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.6.2. Market Revenue and Forecast, by Battery (2019-2030)

11.3.6.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.7.2. Market Revenue and Forecast, by Battery (2019-2030)

11.3.7.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.2. Market Revenue and Forecast, by Battery (2019-2030)

11.4.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.4.2. Market Revenue and Forecast, by Battery (2019-2030)

11.4.4.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.5.2. Market Revenue and Forecast, by Battery (2019-2030)

11.4.5.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.6.2. Market Revenue and Forecast, by Battery (2019-2030)

11.4.6.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.7.2. Market Revenue and Forecast, by Battery (2019-2030)

11.4.7.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.5.2. Market Revenue and Forecast, by Battery (2019-2030)

11.5.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.5.4.2. Market Revenue and Forecast, by Battery (2019-2030)

11.5.4.3. Market Revenue and Forecast, by Voltage (2019-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)

11.5.5.2. Market Revenue and Forecast, by Battery (2019-2030)

11.5.5.3. Market Revenue and Forecast, by Voltage (2019-2030)

Chapter 12. Company Profiles

12.1. Beijing Mobike Technology Co. Ltd

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Micro Mobility Systems

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Dynamic Bicycles

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Skip Transportation

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Bird Rides Inc.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Scoot Network

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Easymile SAS

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. DoorDash

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. GoBike

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. GoJek

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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