What Has Been the Growth Trajectory of the Micro Mobility (Scooters) Market?
The micro mobility (scooters) market has seen considerable growth due to a variety of factors.
• The market size of micro mobility, specifically scooters, has seen significant growth in the past few years. It is projected to expand from $23.19 billion in 2024 to $28.79 billion in 2025, boasting a compound annual growth rate (CAGR) of 24.2%.
The growth experienced during the historic period is primarily driven by an increased demand for micro-mobility and cost-effective traveling solutions, a surge in the need for last-mile connectivity solutions, a rise in the usage of electric bikes and scooters, an upswing in shared mobility services, and escalating urbanization.
How Does the Forecast Look for the Micro Mobility (Scooters) Market?
The micro mobility (scooters) market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, a considerable surge in the micro mobility (scooters) market size is anticipated. By 2029, it is projected to expand to $69 billion, increasing at a Compound Annual Growth Rate (CAGR) of 24.4%.
The projected growth during this period can be associated with factors such as escalating greenhouse gas emissions, the popularity of electric skateboards and bicycles, increased investment in clean energy, burgeoning traffic congestion, and a consumer predilection for eco-friendly modes of transportation. Integrated edge computing technology and Internet of Things (IoT) devices, technological progression, debut of innovative features and capabilities in e-scooters, e-bikes and other micro-mobility solutions, incorporation of Global Positioning System (GPS) navigation, and advances in enhanced battery management systems are some of the principal trends anticipated during the forecast period.
Which Drivers Are Accelerating Growth In The Micro Mobility (Scooters) Market?
The rise in shared mobility services is projected to significantly influence the expansion of the micro-mobility (scooters) market. Shared mobility services are transport options enabling users to utilize communal vehicles, be they cars, bikes, or scooters, typically on a temporary basis. The surge in shared mobility services can be credited to factors like consumer demand for sustainable options, financial considerations, urban growth, infrastructure advancement, regulatory backing, and proactive policies. By offering easy, "last mile" transport options, micromobility (scooters) amplifies the value of shared mobility services, boosting accessibility while mitigating traffic. For instance, the European Commission, a Belgium-based entity, indicated in July 2023 that the European shared mobility index for 2023 showed an 11% overall rise in ridership compared to the first quarter of 2022. Interestingly, dockless bikes saw the most impressive surge, with a significant 33% increase in trips over the previous year. Consequently, it's clear that the micro-mobility (scooters) market has experienced growth as a direct outcome of the rising popularity of shared mobility services.
How Are The Segments Defined Within The Global Micro Mobility (Scooters) Market?
The micro mobility (scooters) market covered in this report is segmented –
1) By Type: Bicycles, E-Bikes, E-kick Scooters, Other Types
2) By Battery Type: Lithium-ion, Lithium-ion polymer, Lead acid, Other Battery Types
3) By Sharing Type: Docked, Dock-less
4) By Ownership: Business-To-Business, Business-To-Consumer
5) By Application: Private, Commercial
Subsegments:
1) By Bicycles: Conventional Bicycles, Shared Bicycles, Folding Bicycles, Cargo Bicycles, Hybrid Bicycles, Mountain Bicycles, E-Bikes
2) By E-Bikes: Pedal-Assist E-Bikes (Pedelecs), Throttle-Controlled E-Bikes, Folding E-Bikes, Cargo E-Bikes, Speed Pedelecs
3) By E-Kick Scooters: Commuter E-Scooters, Heavy-Duty E-Scooters, Folding E-Scooters, Shared E-Scooters, Off-Road E-Scooters
4) By Other Types: Electric Skateboards, Hoverboards, Segways, Unicycles, Electric Tricycles (E-Trikes)
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How Are New Trends Expected To Influence The Growth Of The Micro Mobility (Scooters) Market?
Leading firms active in the micro-mobility (scooters) market are introducing inventive solutions such as kick scooters to improve urban transport and advocate for sustainable commuting. Kick scooters are non-motorized, portable scooters tailored for short-range travel, typically utilized in city settings for comfortable and environmentally friendly transit. As an example, NIU Technologies, an electric scooter corporation from China, introduced the KQi3 Max, a kick scooter in October 2022. This scooter achieves a maximum speed of 20 MPH and a distance capability of 40.4 miles. Equipped with a 40v lithium battery, the KQi3 Max has four custom riding styles, an expanded deck, and can hold up to 265 pounds, thus guaranteeing rider comfort and stability irrespective of their size.
Who Are the Key Players in the Micro Mobility (Scooters) Market?
Major companies operating in the micro mobility (scooters) market are include:
•Xiaomi Corporation
• Yadea Group
• Lyft Inc.
• Bolt Technology Inc.
• Voi Technology Inc.
• Ola Electric Mobility Pvt Ltd.
• Neutron Holdings Inc.
• Gogoro Inc.
• Bird Global Inc.
• Ather Energy Pvt Ltd.
• Spin Inc.
• Dott
• Unagi Inc.
• Segway-Ninebot Inc.
• Razor USA LLC
• Helbiz
• Swagtron LLC
• E-Twow
• TaoTao Inc.
• Inokim Inc.
• Mercane Inc.
• Mini Motor USA Inc.
What Is The Most Dominant Region In The Micro Mobility (Scooters) Market?
Asia-Pacific was the largest region in the micro mobility (scooters) market in 2024 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the micro mobility (scooters) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
