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Micro-Mobility Market Trends

  • Report ID: GMI6674
  • Published Date: Sep 2023
  • Report Format: PDF

Micro-mobility Market Trends

The trend of electric mobility in the micro-mobility industry signifies a shift toward more sustainable and eco-friendly transportation solutions. E-scooters & e-bikes, powered by electricity, have gained popularity due to their reduced environmental footprint compared to traditional gasoline-powered vehicles. They produce zero emissions at the point of use, contributing to cleaner air and decreased carbon emissions. Additionally, electric micro-mobility options offer improved performance including higher speeds and longer ranges, enhancing user satisfaction. This trend aligns with global efforts to combat climate change and promote greener transportation alternatives for urban mobility.
 

For instance, in August 2023, Zen Mobility launched the cargo E3W Micro Pod. This innovative vehicle caters to the growing demand for efficient last-mile delivery solutions, making it easier for businesses to manage urban logistics sustainably. By introducing cargo-specific micro-mobility options, Zen Mobility contributes to market evolution, addressing commercial needs and expanding the utility of micro-mobility services beyond personal transportation, thereby enhancing the micro-mobility market’s relevance and potential growth.
 

The trend of last-mile connectivity responds to the common urban transportation challenge of efficiently bridging the gap between public transit stops and users' final destinations. Micro-mobility solutions, such as e-scooters & e-bikes, provide a convenient, eco-friendly, and cost-effective means for commuters to cover short distances. Users can easily access and rent these vehicles through mobile apps, creating a seamless & integrated transportation ecosystem. This trend enhances urban mobility, reduces congestion, and encourages more people to use sustainable transportation for daily commutes, addressing the evolving needs of modern cities.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of micro-mobility reached USD 66.4 billion in 2022 and is set to record over 13% CAGR from 2023 to 2032, due to the introduction of cutting-edge features & capabilities in e-scooters and e-bikes.

The electric propulsion segment recorded 75% of the market share in 2022, owing to the influx of advanced technologies, such as GPS tracking and app-based rentals to offer enhanced convenience.

Asia Pacific held over 70% of the market share in 2022 and may exceed USD 66.4 billion by 2032, driven by the rapid urbanization and higher congestion in cities across the region.

Some of the major micro-mobility firms include Brompton Bicycle Ltd., FOCUS BIKES GMBH, Giant Bicycles, Go Trax, Gyroor, Halo Board, Jetson, Yamaha Motors, and Micro Mobility Systems AG.

Micro-Mobility Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 24
  • Tables & Figures: 403
  • Countries covered: 21
  • Pages: 300
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