Micro-Mobility Market is expected to witness growth from 2023 to 2028 with a CAGR of 22%. The market size, segment size, current situation, and development trends are among the primary subjects of the report. This study also covers market value analysis, cost chain structure and continues to provide important information on how dynamics are changing to produce market-improving elements.
The research includes a study of the elements that encourage market expansion. The competitive environment of the market is covered in the report. This offers a variety of factors that could have an impact on the market in the future. The study is based on historical growth statistics and current market trends. In-depth market segmentation, geographical research, and industry competition trends are all included. It looks at each particular growth trend and contribution to the market under study from a strategic standpoint.
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Scope of The Report -
- Describes the scope of the Micro-Mobility Market and provides an industry overview, along with an executive summary of the various market segments classifications, market shares, and trends.
- Offers a qualitative analysis of the current market state and prospective tendencies. Rising markets, market drivers, market problems, industry entry barriers, and consumer preference studies, all are analyzed deeply.
- Examines the competitive environment by offering information on the participants, such as their sales volume, revenue, and market shares, as well as their prices and gross margins. Also provides details on market concentration ratio, mergers, acquisitions, and expansion strategies.
- Concentrates on the regional market, providing in-depth information on the world's most representative countries and regions.
- Offers market segment analysis for various products based on sales volume, revenue market share, and growth rate, as well as price analysis for each category.
- To enable readers to get a closer look at the downstream market, the data is broken down into many segments and includes consumption, revenue, market share, and growth rate.
- Provides a list of the major market participants, along with details on their history, product descriptions, market performance, latest advancements, SWOT analysis, etc.
- Covers key raw material suppliers and pricing analysis, manufacturing cost structure analysis, and alternative product analysis
- Readers have the opportunity to look into the future of the industry through the forecast information for both the overall market as well as the breakdown market.
The Dynamic of the Micro-Mobility Industry -
Driving Factor: 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.
Major Challenges: With the launch of Micro-Mobility services, there are rising instances of bike vandalism, battery & bike theft, missing helmets, and theft of other bike components, among others. As a result, several Micro-Mobility service providers are shutting their businesses. In addition, many cases have been reported, such as bikes being snapped in half, dumped in rivers, & set on fire.
Moreover, careless users leave their e-bikes on sidewalks & remote locations, which obstructs pedestrians & disabled persons. Hence, the increasing cases of e-bike vandalism & theft shall act as a prominent growth challenge for the global market through 2028.
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Micro-Mobility Market Segmentation and Regional Overview -
The report includes a comprehensive study that concentrates on the market segments and geographical growth of Micro-Mobility Market. It assesses the market according to segments, regions, and manufacturers or firms, as well as the revenue share and sales of the major countries. The Micro-Mobility Market is segmented as:
Segment, By Requirement
- First & Last Mile Trips (Very Short Distance)
- Short Distance Trips
Segment, By Application
- Commercial (Available on Rent)
- Private
Segment, By Autonomy Level
- Manual
- Semi-Autonomous
- Autonomous (Self Driving)
Segment, By Power Source
- Man-powered
- Fuel-powered
- Hybrid Electric Vehicles (HEV)
- Plug in Hybrid Electric Vehicles (PHEV)
- Battery Electric Vehicles (BEV)
Segment, By Sharing Service Model
- Station based
- Dockless (do not require a parking station)
- Hybrid (Station based + Dockless)
Segment, By Vehicle Type
- Electric Scooters
- Electric Skateboards
- Electric Bicycles (also known as Bike)
- Pedal Bicycles
- Others (Electric Unicycle, Golf Carts, etc.)
The study also looks into the industry in light of geological conditions. In addition, the study identifies the variables affecting the growth of each region & segment.
By Regions –
- North America
- South America
- Asia-Pacific
- Middle East & Africa
- Europe
Competitive Overview -
Information on new market entrants, presence, product installations and spots, product capabilities, company strengths and weaknesses, product launches, product dominance, and operation dominance are all covered in the report. To help readers better understand their competitors and the competitive environment in general, it introduces players in the market from the standpoint of market share, concentration ratio, etc. and goes into extensive detail on the leading companies in the market. Regional conflicts, mergers and acquisitions, and emerging market trends are also considered. The market participants discussed in the report are:
- Ofo
- Mobike
- Hello Bike
- Scoot
- Skip Transportation
- Spin
- Bird
- Lime
- Rydies
- Segway Inc.
- Dynamic Bicycles
- Uber
- Micro Mobility Systems
- Others
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