Global Micro-Mobility Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 2/24/2023
- NO OF PAGES
- 270
- CATEGORY
- Information Technology
Market Overview:
The global micro-mobility market size was valued at around USD 49.2 billion in 2021 and expected to grow at a CAGR of 15.5% during the forecast period. The global micro-mobility market refers to the use of lightweight vehicles, such as electric scooters, electric bikes, and electric skateboards, for short distance transportation. Micro-mobility solutions are designed to offer a convenient and eco-friendly alternative to traditional modes of transportation, such as cars and buses, for short trips. These vehicles are often rented on a short-term basis through mobile apps, making them an affordable and flexible transportation option for urban commuters. The micro-mobility market is rapidly growing due to the increasing demand for eco-friendly and convenient transportation solutions in urban areas.
Covid-19 Impact:
The COVID-19 pandemic has had a mixed impact on the global micro-mobility market. On the one hand, the pandemic has led to a decrease in the use of shared micro-mobility solutions, as people have been hesitant to use shared vehicles due to health and safety concerns. On the other hand, the pandemic has also led to an increase in the demand for personal micro-mobility solutions, such as electric bikes and scooters, as people have been looking for alternative modes of transportation to avoid crowded public transportation.
During the pandemic, many micro-mobility service providers had to temporarily shut down their operations or reduce their fleet size due to the decrease in demand. However, as lockdowns started to lift, the demand for shared micro-mobility solutions began to rebound. To address the concerns around safety and hygiene, many micro-mobility service providers introduced measures such as regular cleaning and disinfecting of vehicles, providing personal protective equipment, and implementing social distancing guidelines.
The pandemic has also led to a shift towards personal micro-mobility solutions, as people have been looking for individual transportation options that are safer and more flexible than public transportation. This has led to an increase in the sales of electric bikes and scooters, as well as the emergence of new players in the personal micro-mobility market.
Overall, the impact of the COVID-19 pandemic on the global micro-mobility market has been mixed, with a decrease in the demand for shared micro-mobility solutions, and an increase in the demand for personal micro-mobility solutions.
Market Dynamics:
Drivers:
Increasing urbanization: As more people move to cities, there is a growing need for convenient and eco-friendly transportation solutions for short distances. Micro-mobility solutions such as electric bikes, scooters, and skateboards offer a sustainable and affordable way for urban commuters to get around.
Growing environmental concerns: With increasing concerns over air pollution and climate change, there is a growing demand for eco-friendly transportation solutions. Micro-mobility solutions powered by electric batteries offer a cleaner and more sustainable alternative to traditional gasoline-powered vehicles.
Advancements in technology: Advancements in battery technology and electric motors have made micro-mobility solutions more efficient, affordable, and convenient. The development of lightweight and foldable vehicles has also made it easier to store and transport these vehicles.
Government initiatives: Governments around the world are promoting the use of micro-mobility solutions as a way to reduce traffic congestion, improve air quality, and reduce carbon emissions. Many cities are investing in bike lanes and other infrastructure to support micro-mobility solutions.
Changing consumer preferences: There is a growing trend towards urbanization, work-from-home policies, and flexible work schedules, which are changing the way people commute. Micro-mobility solutions offer a convenient and flexible way to get around for short distances, without the hassle of owning and maintaining a car.
Restraints:
Safety concerns: Micro-mobility vehicles are often considered less safe than traditional modes of transportation such as cars and buses. This has led to concerns over the safety of riders, particularly in cities with heavy traffic or poor road conditions.
Lack of infrastructure: Micro-mobility solutions require proper infrastructure such as dedicated bike lanes, parking spaces, and charging stations. The lack of such infrastructure can make it difficult for micro-mobility service providers to offer their services effectively.
Limited range and battery life: Micro-mobility solutions such as electric scooters and bikes often have limited range and battery life, which can make them less practical for longer trips or in areas with limited charging infrastructure.
Regional Analysis:
North America: The North American region is expected to witness significant growth in the micro-mobility market, driven by the increasing demand for eco-friendly and sustainable transportation solutions. The US is the largest market for micro-mobility solutions in the region, with a large number of service providers operating in major cities such as New York, San Francisco, and Los Angeles.
Europe: The European market for micro-mobility solutions is also expected to grow rapidly, driven by the increasing demand for sustainable and efficient transportation solutions. Countries such as Germany, France, and the UK have witnessed the highest growth in the micro-mobility market, with a large number of service providers operating in major cities.
Asia Pacific: The Asia Pacific region is expected to witness the highest growth in the micro-mobility market, driven by the increasing urbanization, population growth, and government initiatives to promote sustainable transportation. China is the largest market for micro-mobility solutions in the region, with a large number of service providers operating in major cities such as Beijing, Shanghai, and Guangzhou.
Latin America: The Latin American region is also expected to witness significant growth in the micro-mobility market, driven by the increasing demand for sustainable and affordable transportation solutions. Countries such as Brazil, Mexico, and Argentina have witnessed the highest growth in the micro-mobility market, with a large number of service providers operating in major cities.
Middle East and Africa: The Middle East and Africa region is expected to witness moderate growth in the micro-mobility market, driven by the increasing demand for sustainable and efficient transportation solutions. Countries such as the UAE, South Africa, and Egypt have witnessed the highest growth in the micro-mobility market, with a large number of service providers operating in major cities.
Market Segmentation:
By Vehicle Type:
· Bicycles
· Electric Scooters
· Electric Skateboards
· Electric Bikes
· Others
By Technology:
· Docked
· Dockless
By Region:
· North America
· Europe
· Asia-Pacific
· Latin America
· Middle East & Africa
Competitive Landscape:
The global micro-mobility market is highly competitive and is characterized by the presence of both established players and new entrants.
Some of the key players in the market include:
Lime
Bird
Spin
Voi
Tier Mobility
Jump Bikes
Lyft
Uber
Mobike
Ofo
These companies operate in different regions and offer a variety of micro-mobility solutions such as electric scooters, bikes, and skateboards. The market is also witnessing new entrants, including start-ups, that are introducing innovative solutions to meet the growing demand for sustainable and eco-friendly transportation options.
In addition to the above companies, there are also several traditional transportation companies that are entering the micro-mobility market, including car rental companies, public transportation providers, and bike-sharing companies. For example, car rental companies such as Hertz and Avis have started offering electric scooter rentals, while public transportation providers such as the New York City Metropolitan Transportation Authority have launched their own bike-sharing programs.
Overall, the global micro-mobility market is highly competitive and dynamic, with new players entering the market and existing players expanding their offerings to meet the growing demand for sustainable transportation solutions.
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Micro-Mobility market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Micro-Mobility would help in identifying future applications in this market.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Objectives of the Study:
• To provide with an exhaustive analysis on the Micro-Mobility Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Historic Year: 2016-2022
Forecast: 2024-2035
1 Micro-Mobility Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of Micro-Mobility
1.3 Micro-Mobility Market Scope and Market Size Estimation
1.3.1 Market Concentration Ratio and Market Maturity Analysis
1.3.2 Global Micro-Mobility Revenue and Growth Rate from 2016-2026
1.4 Market Segmentation
1.4.1 Types of Micro-Mobility
1.4.2 Applications of Micro-Mobility
1.4.3 Research Regions
1.5 Market Dynamics
1.5.1 Micro-Mobility Industry Trends
1.5.2 Micro-Mobility Drivers
1.5.3 Micro-Mobility Market Challenges
1.5.4 Micro-Mobility Market Restraints
1.6 Industry News and Policies by Regions
1.6.1 Industry News
1.6.2 Industry Policies
1.7 Mergers & Acquisitions, Expansion Plans
1.8 Micro-Mobility Industry Development Trends under COVID-19 Outbreak
1.8.1 Global COVID-19 Status Overview
1.8.2 Influence of COVID-19 Outbreak on Micro-Mobility Industry Development
2 Industry Chain Analysis
2.1 Upstream Raw Material Supply and Demand Analysis
2.1.1 Global Micro-Mobility Major Upstream Raw Material and Suppliers
2.1.2 Raw Material Source Analysis
2.2 Major Players of Micro-Mobility
2.2.1 Major Players Manufacturing Base of Micro-Mobility in 2020
2.2.2 Major Players Market Distribution in 2020
2.3 Micro-Mobility Manufacturing Cost Structure Analysis
2.3.1 Production Process Analysis
2.3.2 Manufacturing Cost Structure of Micro-Mobility
2.3.3 Labor Cost of Micro-Mobility
2.4 Market Channel Analysis of Micro-Mobility
2.5 Major Down Stream Customers by Application
3 Global Micro-Mobility Market, by Type
3.1 Global Micro-Mobility Revenue and Market Share by Type (2016-2021)
3.2 Global Micro-Mobility Production and Market Share by Type (2016-2021)
3.3 Global Micro-Mobility Revenue and Growth Rate by Type (2016-2021)
3.3.1 Global Micro-Mobility Revenue and Growth Rate of Manual
3.3.2 Global Micro-Mobility Revenue and Growth Rate of Semi-autonomous
3.3.3 Global Micro-Mobility Revenue and Growth Rate of Autonomous
3.4 Global Micro-Mobility Price Analysis by Type (2016-2021)
3.4.1 Explanation of Different Type Product Price Trends
4 Micro-Mobility Market, by Application
4.1 Downstream Market Overview
4.2 Global Micro-Mobility Consumption and Market Share by Application (2016-2021)
4.3 Global Micro-Mobility Consumption and Growth Rate by Application (2016-2021)
4.3.1 Global Micro-Mobility Consumption and Growth Rate of Commercial (2016-2021)
4.3.2 Global Micro-Mobility Consumption and Growth Rate of Private (2016-2021)
5 Global Micro-Mobility Consumption, Revenue ($) by Region (2016-2021)
5.1 Global Micro-Mobility Revenue and Market Share by Region (2016-2021)
5.2 Global Micro-Mobility Consumption and Market Share by Region (2016-2021)
5.3 Global Micro-Mobility Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4 North America Micro-Mobility Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4.1 North America Micro-Mobility Market Under COVID-19
5.4.2 North America Micro-Mobility SWOT Analysis
5.5 Europe Micro-Mobility Consumption, Revenue, Price and Gross Margin (2016-2021)
5.5.1 Europe Micro-Mobility Market Under COVID-19
5.5.2 Europe Micro-Mobility SWOT Analysis
5.6 China Micro-Mobility Consumption, Revenue, Price and Gross Margin (2016-2021)
5.6.1 China Micro-Mobility Market Under COVID-19
5.6.2 China Micro-Mobility SWOT Analysis
5.7 Japan Micro-Mobility Consumption, Revenue, Price and Gross Margin (2016-2021)
5.7.1 Japan Micro-Mobility Market Under COVID-19
5.7.2 Japan Micro-Mobility SWOT Analysis
5.8 Middle East and Africa Micro-Mobility Consumption, Revenue, Price and Gross Margin (2016-2021)
5.8.1 Middle East and Africa Micro-Mobility Market Under COVID-19
5.8.2 Middle East and Africa Micro-Mobility SWOT Analysis
5.9 India Micro-Mobility Consumption, Revenue, Price and Gross Margin (2016-2021)
5.9.1 India Micro-Mobility Market Under COVID-19
5.9.2 India Micro-Mobility SWOT Analysis
5.10 South America Micro-Mobility Consumption, Revenue, Price and Gross Margin (2016-2021)
5.10.1 South America Micro-Mobility Market Under COVID-19
5.10.2 South America Micro-Mobility SWOT Analysis
5.11 South Korea Micro-Mobility Consumption, Revenue, Price and Gross Margin (2016-2021)
5.11.1 South Korea Micro-Mobility Market Under COVID-19
5.11.2 South Korea Micro-Mobility SWOT Analysis
5.12 Southeast Asia Micro-Mobility Consumption, Revenue, Price and Gross Margin (2016-2021)
5.12.1 Southeast Asia Micro-Mobility Market Under COVID-19
5.12.2 Southeast Asia Micro-Mobility SWOT Analysis
6 Global Micro-Mobility Production by Top Regions (2016-2021)
6.1 Global Micro-Mobility Production by Top Regions (2016-2021)
6.2 North America Micro-Mobility Production and Growth Rate
6.3 Europe Micro-Mobility Production and Growth Rate
6.4 China Micro-Mobility Production and Growth Rate
6.5 Japan Micro-Mobility Production and Growth Rate
6.6 India Micro-Mobility Production and Growth Rate
7 Global Micro-Mobility Consumption by Regions (2016-2021)
7.1 Global Micro-Mobility Consumption by Regions (2016-2021)
7.2 North America Micro-Mobility Consumption and Growth Rate
7.3 Europe Micro-Mobility Consumption and Growth Rate
7.4 China Micro-Mobility Consumption and Growth Rate
7.5 Japan Micro-Mobility Consumption and Growth Rate
7.6 Middle East & Africa Micro-Mobility Consumption and Growth Rate
7.7 India Micro-Mobility Consumption and Growth Rate
7.8 South America Micro-Mobility Consumption and Growth Rate
7.9 South Korea Micro-Mobility Consumption and Growth Rate
7.10 Southeast Asia Micro-Mobility Consumption and Growth Rate
8 Competitive Landscape
8.1 Competitive Profile
8.2 Spin Market Performance Analysis
8.2.1 Company Profiles
8.2.2 Micro-Mobility Product Profiles, Application and Specification
8.2.3 Spin Sales, Revenue, Price, Gross Margin 2016-2021
8.2.4 Company Recent Development
8.2.5 Strategies for Company to Deal with the Impact of COVID-19
8.3 Uber Market Performance Analysis
8.3.1 Company Profiles
8.3.2 Micro-Mobility Product Profiles, Application and Specification
8.3.3 Uber Sales, Revenue, Price, Gross Margin 2016-2021
8.3.4 Company Recent Development
8.3.5 Strategies for Company to Deal with the Impact of COVID-19
8.4 Sway Mobility Market Performance Analysis
8.4.1 Company Profiles
8.4.2 Micro-Mobility Product Profiles, Application and Specification
8.4.3 Sway Mobility Sales, Revenue, Price, Gross Margin 2016-2021
8.4.4 Company Recent Development
8.4.5 Strategies for Company to Deal with the Impact of COVID-19
8.5 Dynamic Bicycles Market Performance Analysis
8.5.1 Company Profiles
8.5.2 Micro-Mobility Product Profiles, Application and Specification
8.5.3 Dynamic Bicycles Sales, Revenue, Price, Gross Margin 2016-2021
8.5.4 Company Recent Development
8.5.5 Strategies for Company to Deal with the Impact of COVID-19
8.6 Lyft Market Performance Analysis
8.6.1 Company Profiles
8.6.2 Micro-Mobility Product Profiles, Application and Specification
8.6.3 Lyft Sales, Revenue, Price, Gross Margin 2016-2021
8.6.4 Company Recent Development
8.6.5 Strategies for Company to Deal with the Impact of COVID-19
8.7 Lime Market Performance Analysis
8.7.1 Company Profiles
8.7.2 Micro-Mobility Product Profiles, Application and Specification
8.7.3 Lime Sales, Revenue, Price, Gross Margin 2016-2021
8.7.4 Company Recent Development
8.7.5 Strategies for Company to Deal with the Impact of COVID-19
8.8 Bird Market Performance Analysis
8.8.1 Company Profiles
8.8.2 Micro-Mobility Product Profiles, Application and Specification
8.8.3 Bird Sales, Revenue, Price, Gross Margin 2016-2021
8.8.4 Company Recent Development
8.8.5 Strategies for Company to Deal with the Impact of COVID-19
9 Global Micro-Mobility Market Analysis and Forecast by Type and Application
9.1 Global Micro-Mobility Market Revenue & Volume Forecast, by Type (2021-2026)
9.1.1 Manual Market Revenue and Volume Forecast (2021-2026)
9.1.2 Semi-autonomous Market Revenue and Volume Forecast (2021-2026)
9.1.3 Autonomous Market Revenue and Volume Forecast (2021-2026)
9.2 Global Micro-Mobility Market Revenue & Volume Forecast, by Application (2021-2026)
9.2.1 Commercial Market Revenue and Volume Forecast (2021-2026)
9.2.2 Private Market Revenue and Volume Forecast (2021-2026)
10 Micro-Mobility Market Supply and Demand Forecast by Region
10.1 North America Market Supply and Demand Forecast (2021-2026)
10.2 Europe Market Supply and Demand Forecast (2021-2026)
10.3 China Market Supply and Demand Forecast (2021-2026)
10.4 Japan Market Supply and Demand Forecast (2021-2026)
10.5 Middle East and Africa Market Supply and Demand Forecast (2021-2026)
10.6 India Market Supply and Demand Forecast (2021-2026)
10.7 South America Market Supply and Demand Forecast (2021-2026)
10.8 South Korea Market Supply and Demand Forecast (2021-2026)
10.9 Southeast Asia Market Supply and Demand Forecast (2021-2026)
10.10 Explanation of Market Size Trends by Region
10.11 Micro-Mobility Market Trends Analysis
11 New Project Feasibility Analysis
11.1 Industry Barriers and New Entrants SWOT Analysis
11.2 Analysis and Suggestions on New Project Investment
12 Expert Interview Record
13 Research Finding and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Data Source
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
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The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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