Market Research Report

Global Micro-Mobility Market Research Report: Forecast (2023-2028)

By Requirement (First & Last Mile Trips, Short Distance Trips), By Application (Commercial, Private), By Autonomy Level (Manual, Semi-Autonomous, Autonomous), By Power Source (Man-...powered, Fuel-powered, Hybrid Electric Vehicles, Plug in Hybrid Electric Vehicles, Battery Electric Vehicles), By Sharing Service Model (Station based, Dockless, Hybrid), By Vehicle Type (Electric Scooters, Electric Skateboards, Electric Bicycles, Pedal Bicycles, Others), By Region (North America, South America, Asia-Pacific, Middle East & Africa, Europe), By Company (Ofo, Mobike, Hello Bike, Scoot, Skip Transportation, Spin, Bird, Lime, Rydies, Segway Inc., Dynamic Bicycles, Uber, Micro Mobility Systems, Others) Read more

  • Automotive
  • Apr 2023
  • 212
  • PDF, Excel, PPT

Market Definition

With significantly increasing population levels worldwide, the need for an enhanced & bigger public transportation network is drastically rising. Most people have dropped the concept of private vehicle ownership for their commute purposes owing to increasing traffic congestion, rising costs, increasing fuel & insurance prices, and the lack of convenient parking options. Hence, Micro-Mobility services have emerged as a more convenient & cost-effective alternative to conventional modes of transport in order to bridge the gap between first-mile & last-mile transportation needs worldwide.

Market Insights & Analysis: Global Micro-Mobility Market (2023-28)

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. 

Governments of various countries are taking several initiatives for environmental conservation and establishing sustainable transportation infrastructure, i.e., leading to the rising adoption of Micro-Mobility solutions, particularly e-bikes & e-kick scooters that offer easy fare comparison, flexibility, & real-time feedback & review ratings, in order to make public transportation more accessible, reduce the number of vehicles on roads & reduce their impact on the environment, and offer affordable & practical ways to get around for quick journeys.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 22%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, UK, France, Spain, Italy, Belgium, Netherland, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Egypt, Rest of MEA
Key Companies Profiled Ofo, Mobike, Hello Bike, Scoot, Skip Transportation, Spin, Bird, Lime, Rydies, Segway Inc., Dynamic Bicycles, Uber, Micro Mobility Systems, Others
Unit Denominations USD Million/Billion

 

E-kick scooters are gaining traction by offering short-distance mobility options. They operate on a dockless sharing model and are usually used to cover a distance of less than 3.1 miles on one trip. Overall, the Global Micro-Mobility Market exhibits a lot of potential for expansion owing to various ongoing efforts being made worldwide toward establishing smart cities & sustainable automotive infrastructure. Several small vehicle fleet owners are all working together toward promoting the implementation of Micro-Mobility services through massive investments & development strategies, which projects a lucrative future for the overall growth of the market in the coming years.

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.


Global Micro-Mobility Market Research Report: Forecast (2023-2028)

Growth Restraint: Rising Incidence of E-Bike Vandalism & Theft

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.

Market Segmentation

Based on Vehicle Type:

  • Electric Scooter
  • Electric Skateboard
  • E-Bikes (Electric Bicycle)
  • Pedal Bicycle
  • 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.

Moreover, the rapidly rising traffic congestion in many countries is instigating commuters to find convenient, time-efficient, & affordable transportation and, in turn, augmenting the demand for e-bikes globally.

Based on Sharing System:

  • Docked
  • Dock-less
  • Hybrid

Here, dockless sharing systems are gaining traction worldwide owing to the various challenges being faced by docked systems in terms of limited space, accessibility, convenience, and the requirement for public grants. Dockless sharing systems rely heavily on smartphone applications, GPS built into all bikes, & the internet to locate & unlock bikes without any need for specified parking. Several industry participants are increasingly opting for dockless sharing systems owing to the lesser overall expenses of setting them up. In addition, convenient features like improved parking flexibility & cost-efficiency are other prominent aspects augmenting the adoption of dockless bike sharing systems globally, eventually aiding in enhancing the Global Micro-Mobility Market size.

Regional Projection

Geographically, the Global Micro-Mobility Market expands across:

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

Moreover, growing concerns over traffic congestion, air pollution, & GHG emissions owing to increasing urban population, entwined with rising consumer preference for short-mile commutes, and significant funding by investors for various Micro-Mobility start-ups are further stimulating the regional market growth. In the US, the Federal Highway Administration is actively conducting R&D activities for expanding Micro-Mobility services with more innovations and looking into areas like curbside safety, management, resiliency, equity, & user behavior. The extensive presence of prominent e-bike & e-scooter manufacturers in the country and their increasing investments in Micro-Mobility services & charging infrastructure management are set to spur growth in the Micro-Mobility market across North America over the coming years.

Recent Developments in the Global Micro-Mobility Market

  • In August 2022, Bird Global, Inc. secured permit extensions and expanded its shared e-mobility programs to new cities in the US, including California, San Diego, Tennessee, Memphis, Newark, New Jersey, North Carolina, etc., in line with its aim to offer university students, as well as residents & visitors eco-friendly transportation alternatives.
  • The same year & month, Lyft, Inc. announced that it would supply bikes, stations, rider app & website, and back-end operator software to Mexico City's Mobility Department's new bike share system, ECOBICI, i.e., operating in the US.

Gain a Competitive Edge with Our Global Micro-Mobility Market Report

  1. Global Micro-Mobility Market Report by Markntel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  3. Global Micro-Mobility Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Micro-Mobility Market is projected to grow at a CAGR of around 22% during 2023-28.

   A. The mounting demand for emission-free & cost-effective transportation, rising vehicle ownership costs, and increasing traffic congestion are the prime factors projected to drive the Micro-Mobility Market through 2028.

   A. Hello Bikes, Ofo, LimeBike, Skip Transportation, Spin Scooters, Lyft Inc. Sway Mobility, Scoot Network, Beijing Mobike Technology, and Bird Global, Inc., among others are the key companies participating in the Micro-Mobility Market.

   A. E-bikes are projected to provide profitable opportunities for the leading players in the Micro-Mobility Market during 2023-28.

   A. Globally, North America would generate remunerative prospects for the Micro-Mobility Market during 2023-28.

  1. Introduction
    1. Market Segmentation
    2. Product Definition
    3. Research Process
    4. Assumptions
  2. Executive Summary
  3. Expert Verbatim- What our Experts Say?
  4. Global Micro-mobility Start-Ups Ecosystem
  5. Global Micro-mobility Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Requirement
        1. First & Last Mile Trips (Very Short Distance)
        2. Short Distance Trips
      2. By Application
        1. Commercial (Available on Rent)
        2. Private
      3. By Autonomy Level
        1. Manual
        2. Semi-Autonomous
        3. Autonomous (Self Driving)
      4. By Power Source
        1. Man-powered
        2. Fuel-powered
        3. Hybrid Electric Vehicles (HEV)
        4. Plug in Hybrid Electric Vehicles (PHEV)
        5. Battery Electric Vehicles (BEV)
      5. By Sharing Service Model
        1. Station based
        2. Dockless (do not require a parking station)
        3. Hybrid (Station based + Dockless)
      6. By Vehicle Type
        1. Electric Scooters
        2. Electric Skateboards
        3. Electric Bicycles (also known as Bike)
        4. Pedal Bicycles
        5. Others (Electric Unicycle, Golf Carts, etc.)
      7. By Region
        1. North America
        2. South America
        3. Asia-Pacific
        4. Middle East & Africa
        5. Europe
      8. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
    3. Market Attractiveness Index
      1. By Requirement
      2. By Application
      3. By Autonomy Level
      4. By Power Source
      5. By Sharing Service Model
      6. By Vehicle Type
      7. By Region
  6. North America Micro-mobility Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Requirement
      2. By Application
      3. By Autonomy Level
      4. By Power Source
      5. By Sharing Service Model
      6. By Vehicle Type
      7. By Country
        1. US
        2. Canada
        3. Mexico
    3. Market Attractiveness Index
      1. By Requirement
      2. By Application
      3. By Autonomy Level
      4. By Power Source
      5. By Sharing Service Model
      6. By Vehicle Type
      7. By Country
  7. South America Micro-mobility Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Requirement
      2. By Application
      3. By Autonomy Level
      4. By Power Source
      5. By Sharing Service Model
      6. By Vehicle Type
      7. By Country
        1. Brazil
        2. Others
    3. Market Attractiveness Index
      1. By Requirement
      2. By Application
      3. By Autonomy Level
      4. By Power Source
      5. By Sharing Service Model
      6. By Vehicle Type
      7. By Country
  8. Asia-Pacific Micro-mobility Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Requirement
      2. By Application
      3. By Autonomy Level
      4. By Power Source
      5. By Sharing Service Model
      6. By Vehicle Type
      7. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Others
    3. Market Attractiveness Index
      1. By Requirement
      2. By Application
      3. By Autonomy Level
      4. By Power Source
      5. By Sharing Service Model
      6. By Vehicle Type
      7. By Country
  9. Middle East & Africa Micro-mobility Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Requirement
      2. By Application
      3. By Autonomy Level
      4. By Power Source
      5. By Sharing Service Model
      6. By Vehicle Type
      7. By Country
        1. UAE
        2. Saudi Arabia
        3. South Africa
        4. Others
    3. Market Attractiveness Index
      1. By Requirement
      2. By Application
      3. By Autonomy Level
      4. By Power Source
      5. By Sharing Service Model
      6. By Vehicle Type
      7. By Country
  10. Europe Micro-mobility Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Requirement
      2. By Application
      3. By Autonomy Level
      4. By Power Source
      5. By Sharing Service Model
      6. By Vehicle Type
      7. By Country
        1. Germany
        2. UK
        3. France
        4. Spain
        5. Italy
        6. Belgium
        7. Netherland
        8. Others
    3. Market Attractiveness Index
      1. By Requirement
      2. By Application
      3. By Autonomy Level
      4. By Power Source
      5. By Sharing Service Model
      6. By Vehicle Type
      7. By Country
  11. Global Micro-mobility Market Policies, Regulations, Product Standards
  12. Global Micro-mobility Market Imports & Exports Statistics
  13. Global Micro-mobility Market Trends & Insights
  14. Global Micro-mobility Market - Buyers Key Decision Making Factors
  15. Global Micro-mobility Market - Strategies Adopted by Suppliers
  16. Global Micro-mobility Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  17. Global Micro-mobility Market Hotspot & Opportunities
  18. Global Micro-mobility Market Key Strategic Imperatives for Success & Growth
  19. Competition Outlook
    1. Competition Matrix
      1. Service/Product Portfolio
      2. Target Markets
      3. Research & Development
      4. Strategic Alliances
      5. Strategic Initiatives
    2. Company Profiles of top companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Ofo
      2. Mobike
      3. Hello Bike
      4. Scoot
      5. Skip Transportation
      6. Spin
      7. Bird
      8. Lime
      9. Rydies
      10. Segway Inc.
      11. Dynamic Bicycles
      12. Uber
      13. Micro Mobility Systems
      14. Others
  20. Disclaimer


Micro-Mobility Market - Segmentation Slide