Micro-Mobility Global Market Report 2024

Description

“Micro-Mobility Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on micro-mobility market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for micro-mobility? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The micro-mobility market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Bicycles; E-Bikes; E-Kick Scooters; Other Types
2) By Speed: Up To 25 Kmph (kilometers per hour); 25-45 Kmph (kilometers per hour)
3) By Propulsion: Human Powered; Electrically Powered
4) By Sharing Type: Docked; Dock-Less
5) By Ownership: Business To Business; Business To Consumers
Companies Mentioned: Yadea Technology Group Co. Ltd.; Jiangsu Xinri E-Vehicle Co. Ltd.; Xiaomi Corp.; Segway Inc.; Swagtron
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Micro-mobility refers to the use of bicycles, electric scooters, and e-bikes for short-distance commuting within urban areas. Users typically rent these scooters or bikes for a limited time through a mobile application.

The main types of micro-mobility options include bicycles, e-bikes, e-kick scooters, and other similar modes of transportation. An e-kick scooter is a vehicle that can be stood on and propelled at a maximum speed of 15 miles per hour by an electric motor. These scooters operate at various speeds, such as up to 25 kmph and 25-45 kmph, and can be human-powered or electrically powered. They may be part of different sharing models, including docked and dockless systems. Ownership models can include business-to-business and business-to-consumer arrangements.

The micro-mobility market research report is one of a series of new reports from The Business Research Company that provides micro-mobility market statistics, including micro-mobility industry global market size, regional shares, competitors with a micro-mobility market share, detailed micro-mobility market segments, market trends and opportunities, and any further data you may need to thrive in the micro-mobility industry. This micro-mobility market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The micro-mobility market size has grown rapidly in recent years. It will grow from $52.03 billion in 2023 to $62.05 billion in 2024 at a compound annual growth rate (CAGR) of 19.3%. The growth observed in the historic period can be attributed to factors such as urbanization, shifts in consumer behavior, economic factors, the impact of COVID-19, and infrastructure development.

The micro-mobility market size is expected to see rapid growth in the next few years. It will grow to $121.64 billion in 2028 at a compound annual growth rate (CAGR) of 18.3%. The anticipated growth in the forecast period can be attributed to factors such as global events and pandemics, a focus on health and wellness trends, evolving consumer preferences, integration of data and artificial intelligence, and increased collaboration with public transit systems. Major trends expected in the forecast period include electrification, a diverse range of vehicles, the development of autonomous micro-mobility solutions, a focus on user-centric design, and initiatives promoting a circular economy.

The micro-mobility market is anticipated to experience growth, driven by the increasing demand for public transportation. Public transportation involves collective travel modes, such as buses, trains, and metros, allowing more individuals to commute along predefined routes. Micro-mobility complements this by facilitating and optimizing local mobility within densely populated areas, enhancing individual travel, and offering convenient transportation access. Urbanization further contributes to the surge in micro-mobility demand, with a growing population seeking efficient transportation solutions. In 2021, consumer expenditure on public and other transportation in the USA rose by 72%, signifying increased interest in intercity bus and train travel, as reported by the US Bureau of Labor Statistics in September 2022. Hence, the expanding demand for public transportation is expected to propel the micro-mobility market.

The growth of the micro-mobility market is projected to be fueled by the increasing trend of urbanization. Urbanization, characterized by rising population concentration in cities and towns, prompts the expansion of urban areas. Micro-mobility solutions play a crucial role in addressing transportation challenges associated with urbanization, including traffic congestion, parking demand, and environmental sustainability. As of January 2022, the United States Department of Commerce reported a population increase in the US to 332,403,650, growing by 0.21% from 2021. This exemplifies the ongoing urbanization trend contributing to the growth of the micro-mobility market.

An emerging trend in the micro-mobility market is the focus on product innovations by major companies. These innovations involve the development of technologically advanced products to gain a competitive advantage. For instance, in January 2022, LIME, a US-based micro-mobility company, introduced the Gen4 E-bike-a swappable battery electric bike with features such as increased motor power, a mobile-phone holder, a handlebar with display mirroring, an automatic two-speed transmission, and a modular design.

Innovative products, particularly those incorporating cognitive intelligence (CI) for micro-mobility, are gaining popularity in the market. Companies are striving to create a society where mobility brings happiness and liberation. In November 2022, Honda R&D Co. Ltd., a Japan-based company, launched CI-powered micro-mobility devices that combine Honda CI with Honda AI, emphasizing stress-free, environmentally sustainable, and easily transportable solutions. The development of micro-mobility technologies with CI aims to enable ubiquitous, stress-free, and collision-free movement of people and objects.

In November 2022, Helbiz Inc., a US-based intra-urban transportation company, successfully completed the acquisition of Wheels Labs Inc. This undisclosed sum acquisition enhances Helbiz's operational capacity, expanding its market presence to 67 markets globally. The acquisition contributes to a more diversified business model and improves the company's financial profile. Wheels Labs Inc. is a US-based company specializing in micro-mobility leasing and management.

Major companies operating in the micro-mobility market report 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, Neutron Holdings Inc., Bird Rides Inc., ElectricFeel AG, Floatility GmbH, Beam Mobility Holdings Pte. Ltd., Dott B.V., Yulu Bikes Pvt. Ltd., Voi Technology AB, Lyft Inc., Tier Mobility GmbH, Beijing Mobike Technology Co. Ltd., DoorDash, Dynamic, Helbiz Inc., Veo Technologies Inc., Razor USA LLC, Ninebot Inc., Gogoro Inc., GenZe by Mahindra, Superpedestrian, VanMoof, Cowboy, Jump Bikes, Spin, Wheels Labs .

Asia-Pacific was the largest region in the micro-mobility market in 2023. North America is expected to be the fastest-growing region in the micro-mobility market during 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, Africa

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

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.

Product Code: r11143

1. Executive Summary

2. Micro-Mobility Market Characteristics

3. Micro-Mobility Market Trends And Strategies

4. Micro-Mobility Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Micro-Mobility Market Size and Growth

5.1. Global Micro-Mobility Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Micro-Mobility Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Micro-Mobility Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Micro-Mobility Market Segmentation

6.1. Global Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Bicycles
E-Bikes
E-Kick Scooters
Other Types
6.2. Global Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
Human Powered
Electrically Powered
6.4. Global Micro-Mobility Market, Segmentation By Sharing Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Docked
Dock-Less
6.5. Global Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Micro-Mobility Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Micro-Mobility Market

8.1. Asia-Pacific Micro-Mobility Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Micro-Mobility Market

9.1. China Micro-Mobility Market Overview
9.2. China Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Micro-Mobility Market

10.1. India Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Micro-Mobility Market

11.1. Japan Micro-Mobility Market Overview
11.2. Japan Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Micro-Mobility Market

12.1. Australia Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Micro-Mobility Market

13.1. Indonesia Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Micro-Mobility Market

14.1. South Korea Micro-Mobility Market Overview
14.2. South Korea Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Micro-Mobility Market

15.1. Western Europe Micro-Mobility Market Overview
15.2. Western Europe Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Micro-Mobility Market

16.1. UK Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Micro-Mobility Market

17.1. Germany Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Micro-Mobility Market

18.1. France Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Micro-Mobility Market

19.1. Italy Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Micro-Mobility Market

20.1. Spain Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Micro-Mobility Market

21.1. Eastern Europe Micro-Mobility Market Overview
21.2. Eastern Europe Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Micro-Mobility Market

22.1. Russia Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Micro-Mobility Market

23.1. North America Micro-Mobility Market Overview
23.2. North America Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Micro-Mobility Market

24.1. USA Micro-Mobility Market Overview
24.2. USA Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Micro-Mobility Market

25.1. Canada Micro-Mobility Market Overview
25.2. Canada Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Micro-Mobility Market

26.1. South America Micro-Mobility Market Overview
26.2. South America Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Micro-Mobility Market

27.1. Brazil Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Micro-Mobility Market

28.1. Middle East Micro-Mobility Market Overview
28.2. Middle East Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Micro-Mobility Market

29.1. Africa Micro-Mobility Market Overview
29.2. Africa Micro-Mobility Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Micro-Mobility Market, Segmentation By Speed, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Micro-Mobility Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Micro-Mobility Market Competitive Landscape And Company Profiles

30.1. Micro-Mobility Market Competitive Landscape
30.2. Micro-Mobility Market Company Profiles
- 30.2.1. Yadea Technology Group Co. Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Jiangsu Xinri E-Vehicle Co. Ltd.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Xiaomi Corp.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Segway Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Swagtron
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Micro-Mobility Market Competitive Benchmarking

32. Global Micro-Mobility Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Micro-Mobility Market

34. Micro-Mobility Market Future Outlook and Potential Analysis

34.1 Micro-Mobility Market In 2028 - Countries Offering Most New Opportunities
34.2 Micro-Mobility Market In 2028 - Segments Offering Most New Opportunities
34.3 Micro-Mobility Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer