Global Micro-Mobility Market Report 2023: Increasing Demand for Public Transportation Drives Growth

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May 16, 2023, 17:30 ET

DUBLIN, May 16, 2023 /PRNewswire/ -- The "Micro-Mobility Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the market.

The global micro-mobility market is expected to grow from $43.85 billion in 2022 to $52.31 billion in 2023 at a compound annual growth rate (CAGR) of 19.3%. The micro-mobility market is expected to grow to $102.14 billion in 2027 at a CAGR of 18.2%.

Major players in the micro-mobility market are Yadea Technology Group Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Xiaomi Corp., Segway Inc., Swagtron, Boosted USA, Airwheel Holding Limited, Yamaha Motor Co. Ltd., Accell Group N.V., Derby Cycle AG, Lime (Neutron Holdings Inc.), Bird Rides Inc., ElectricFeel AG, Floatility GmbH, Beam Mobility Holdings Pte. Ltd., Dott, Yulu Bikes Pvt. Ltd., and Voi Technology AB.

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Micro-mobility is the usage of bicycles, electric scooters, and e-bikes to commute short distances around cities. Users usually rent such a scooter or bike for a limited time using a mobile application.

The main types of micro-mobility include bicycles, e-bikes, e-kick scooters, and other types. An e-kick scooter refers to a vehicle that may be stood on and pushed at a maximum speed of 15 miles per hour by an electric motor. They are operated at various speeds such as up to 25 kmph and 25-45 kmph with propulsion types such as human-powered and electrically powered that consist of different sharing types such as docked and dockless. The ownership includes business-to-business and business-to-consumers.

Product innovations have emerged as key trends gaining popularity in the market for micro-mobility. Major companies operating in the micro-mobility market are developing innovative products featuring technologies to gain a competitive edge in the market. For instance, in January 2022, LIME, a US-based shared micro-mobility company launched the Gen4 E-bike, which is an electric bike with a swappable, interchangeable battery. Some of its unique features include increased motor power, a mobile-phone holder, a handlebar with display mirroring, an automatic two-speed transmission, and a modular design.

In November 2022, Helbiz Inc., a US-based intra-urban transportation company, completed the acquisition of Wheels Labs Inc. for an undisclosed sum. The acquisition boosts Helbiz's capacity to function by expanding its footprint to 67 markets worldwide, creating a more diverse business model, and improving its financial profiles. Wheels Labs Inc. is a US-based micro-mobility leasing and management company.

Asia-Pacific was the largest region in the micro-mobility market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the micro-mobility market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the micro-mobility market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Increasing demand for public transportation is expected to propel the growth of the micro-mobility market going forward. Public transportation is a mode of local transportation that allows more people to travel together along specified routes that include buses, trains, and metros. Micro-mobility facilitates and streamlines people's movement or mobility inside a populated region, enhances individual movement, and provides users with simpler access to transportation. Additionally, urbanization has also favored the demand for micro-mobility as more and more people will require access to transportation.

For instance, in September 2022, according to a report published by the US Bureau of Labor Statistics, a US-based organization for financial stability and economic growth, in the USA, the consumer expenditure on overall public and other transportation climbed by 72% in 2021, with intercity bus tickets increasing by 87.4% and intercity train fares increasing by 40.7%. Therefore, the increasing demand for public transportation will drive the micro-mobility market.

The micro-mobility market consists sales of electric scooters, electric skateboards, shared bicycle fleets, and electric pedal assisted (pedelec) bicycles. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Key Topics Covered:

1. Executive Summary

2. Micro-Mobility Market Characteristics

3. Micro-Mobility Market Trends And Strategies

4. Micro-Mobility Market - Macro Economic Scenario
4.1. COVID-19 Impact On Micro-Mobility Market
4.2. Ukraine-Russia War Impact On Micro-Mobility Market
4.3. Impact Of High Inflation On Micro-Mobility Market

5. Micro-Mobility Market Size And Growth
5.1. Global Micro-Mobility Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Micro-Mobility Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Micro-Mobility Market Segmentation
6.1. Global Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Bicycles
E-Bikes
E-Kick Scooters
Other Types

6.2. Global Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Up To 25 Kmph (kilometres per hour)

25-45 Kmph (kilometres per hour)
6.3. Global Micro-Mobility Market, Segmentation By Propulsion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Human Powered
Electrically Powered

6.4. Global Micro-Mobility Market, Segmentation By Sharing Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Docked
Dock-Less

6.5. Global Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Business To Business
Business To Consumers

7. Micro-Mobility Market Regional And Country Analysis
7.1. Global Micro-Mobility Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Micro-Mobility Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/hrqhzd

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