PUBLISHER: Polaris Market Research | PRODUCT CODE: 1671115
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1671115
The micro-mobility market size is expected to reach USD 145.83 billion by 2034, according to a new study by Polaris Market Research. The report "Micro-mobility Market Size, Share, Trends, and Industry Analysis Report: By Application (Commercial and Private), Type, End Users, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The micro-mobility market is experiencing significant growth driven by many factors such as rising urbanization, increasing environmental awareness, and the need for cost-effective, efficient transportation solutions. Key drivers include the growing demand for sustainable last-mile connectivity, government initiatives supporting eco-friendly transport, and advancements in electric vehicle technology. Micro-mobility market opportunities lie in expanding shared mobility services, integrating smart technologies for fleet management, and tapping into emerging markets in Asia Pacific and Latin America.
Major micro-mobility market trends include the rise of electric scooters and bikes, the integration of IoT for better user experience, and an emphasis on green, carbon-neutral solutions. With continued innovation and infrastructure investments, the market is poised for substantial growth, providing convenient, eco-friendly alternatives to traditional transport.
By application, the private segment dominates the micro-mobility market share due to increasing demand for personal ownership of electric scooters and bikes, driven by urban commuters seeking cost-effective, eco-friendly solutions. The commercial segment is growing rapidly, fueled by the expansion of shared mobility services and last-mile delivery solutions.
Based on type, the electric scooters segment leads the micro-mobility market revenue share, owing to their widespread adoption in personal and shared mobility services, offering convenience and efficiency for short-distance travel. The electric skateboard segment is registering the highest growth, particularly among younger consumers seeking alternative, portable transportation solutions.
By end users, the micro-mobility services segment holds the largest market share, driven by the growing demand for shared electric scooters and bike-sharing programs in urban areas. The state & national authorities segment is experiencing the highest growth due to their increasing investments in infrastructure and initiatives to promote sustainable transportation solutions.
Europe dominates the micro-mobility market, supported by its strong focus on sustainable transport, advanced infrastructure, and supportive government policies. Asia Pacific is the fastest-growing region, driven by rapid urbanization, high population density, and the growing demand for affordable, last-mile connectivity solutions.
Polaris Market Research has segmented the micro-mobility market report on the basis of application, type, end users, and region: