Global Micro-Mobility Market Segments 2024, Forecast To 2033
5 Mar, 2024
The micro-mobility market has experienced rapid growth, reaching $52.03 billion in 2023 and expanding to $62.05 billion in 2024, reflecting a 19.3% CAGR. Factors driving this historic growth include urbanization, shifts in consumer behavior, economic influences, the impact of COVID-19, and infrastructure development. Anticipating continued expansion, the market is forecasted to achieve $121.64 billion in 2028, with an 18.3% CAGR. Future trends encompass electrification, diverse vehicle offerings, autonomous micro-mobility, a focus on user-centric design, and initiatives supporting the circular economy.
Global Micro-Mobility Market Key Driver
The micro-mobility market is on an upward trajectory due to the increasing demand for public transportation. Public transportation's popularity surged, with notable increases in expenditure, as reported by the US Bureau of Labor Statistics. The overall consumer expenditure on public and other transportation rose by 72% in 2021. This growing reliance on public transportation fuels the micro-mobility market, offering efficient and accessible options for urban commuting.
Get A Free Sample Of The Global Micro-Mobility Market ReportGlobal Micro-Mobility Market Segments
The micro-mobility market covered in this report is segmented –
1) By Type: Bicycles, E-Bikes, E-Kick Scooters, Other Types
2) By Speed: Up To 25 Kmph (kilometres per hour), 25-45 Kmph (kilometres 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
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
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
Major Micro-Mobility Industry Players
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
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AIOps Micro-Mobility Market Overview
Micro-mobility is the usage of bicycles, electric scooters, and e-bikes to commute short distances around cities. Users usually rent such a scooter or bike for a limited time using a mobile application.
Micro-Mobility Global Market Report 2023 provides data on the global micro-mobility market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The micro-mobility market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.