Markntel Advisors’ report, Micro-Mobility Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2028, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Micro-Mobility presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Micro-Mobility Market Research Report & Market Summary:

The Global Micro-Mobility Market is projected to grow at a CAGR of around 22% during the forecast period, i.e., 2023-28. Most of the market growth would be propelled by the rapidly surging urbanization, skyrocketing vehicle ownership costs, rising traffic congestion, and the mounting demand for emission-free & cost-effective transportation. In addition, increasing partnerships among the bike sharing companies & mobility-as-a-service providers to cater to the ever-evolving adoption of e-bikes & e-scooters by consumers for improved comfort & higher speed over short distances are also projected to boost the Micro-Mobility market in the coming years. 

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Micro-Mobility Market Dynamics:

Key Driver-

Mounting Demand for On-demand Transportation Services - The rapidly increasing urban population and rising establishment of smart cities worldwide are leading to the ever-growing demand for on-demand public transportation and, in turn, Micro-Mobility services. Governments of different countries are making significant transformative changes to improve the life quality of people by making massive investments in implementing Micro-Mobility solutions, such as bicycles, e-bikes, e-kick scooters, & e-mopeds, which offer benefits like fare comparison, flexibility, wide availability of vehicles, subscription-based services, real-time feedback, online payments, mobile apps, & GPS navigation. These vehicles are usually parked outside the streets or campuses, which allows users to pick up & ride as & when required without any wait. Hence, the increasing number of smart cities, coupled with various government initiatives toward implementing on-demand public transport, are projected to drive the global Micro-Mobility market during 2023-28.

Micro-Mobility Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Requirement

  • First & Last Mile Trips (Very Short Distance)
  • Short Distance Trips

By Application

  • Commercial (Available on Rent)
  • Private

By Autonomy Level

  • Manual
  • Semi-Autonomous
  • Autonomous (Self Driving)

By Power Source

  • Man-powered
  • Fuel-powered
  • Hybrid Electric Vehicles (HEV)
  • Plug in Hybrid Electric Vehicles (PHEV)
  • Battery Electric Vehicles (BEV)

By Sharing Service Model

  • Station based
  • Dockless (do not require a parking station)
  • Hybrid (Station based + Dockless)

By Vehicle Type

  • Electric Scooters
  • Electric Skateboards
  • Electric Bicycles (also known as Bike)
  • Pedal Bicycles
  • Others (Electric Unicycle, Golf Carts, etc.)

Of both, E-bikes or electric bicycles currently hold the most prominent share of the Global Micro-Mobility Market as they are the most affordable & convenient alternatives to traditional public transport. E-bikes are easy to charge, economical, and do not incur massive investments in establishing their infrastructure. In order to reduce the excessive burden on public transportation systems, governments of several countries, especially India & China, are making regulatory & subsidy changes to increase the adoption of e-bikes, which are eco-friendly & reliable, can be used on rough terrains, and are gradually becoming the ideal transportation mode.

By Region

  • North America
  • South America
  • Asia-Pacific
  • Middle East & Africa
  • Europe.

Of all regions globally, North America is expected to attain a prominent share of the Micro-Mobility Market during 2023-28. It owes to the rapidly increasing fleet size of e-bikes & e-scooters, which are simple, reliable, portable, & cost-efficient modes of transport, massive investments by venture capitalists, and the mounting popularity of recreational activities using e-bikes across the region. In addition, the growing influx of tourists in the US that use a variety of Micro-Mobility vehicles to explore different locations, coupled with the surging demand for scooters, bikes, & skateboards for delivering daily essentials & medicines in the US, are also projected to boost the market in the coming years.

As indicated in the latest market research report published by Markntel Advisors, “Micro-Mobility Research Report: Forecast (2023-2028)”, this report offers a detailed analysis of the industry, featuring insights into the Micro-Mobility industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/global-micromobility-market.html

Top Companies Operating in the Micro-Mobility Market:

  • Ofo
  • Mobike
  • Hello Bike
  • Scoot
  • Skip Transportation
  • Spin
  • Bird
  • Lime
  • Rydies
  • Segway Inc.
  • Dynamic Bicycles
  • Uber
  • Micro Mobility Systems
  • Others.

*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address*

Other Report:

Key Report Highlights:

  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Frequently Asked Questions (FAQs)-

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  2. What are the trends influencing the current scenario of the market?
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  4. How has the industry been evolving in terms of geography & Micro-Mobility Market adoption?
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  1. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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