Micro-Mobility Market Research Report: By Weight Capacity (Up to 100 kg, 100–250 kg, Above 250 kg), By Travel Range (Up to 20 km, 20–40 km, Above 40 km), By Type (2-wheeler, 3-wheeler, Others) and By Application (Commercial, Residential) – Forecast to 2027

Micro-Mobility Market Forecast

Micro-Mobility Market is projected to be worth USD 184 Billion by 2027, registering a CAGR of 66% during the forecast period (2021 - 2027), The market was valued at USD 184 billion in 2020.

Market USP

Sustainable, cost efficient, energy efficient, and flexible transportation alternative.

Market Drivers

• Rising oil & gas prices


• Excellent energy conversion rates


• Growing demand for shared and dockless scooters


• Reduction in emissions


• Rapidly growing global population


• Growing e-scooter and e-bike sharing and renting services

Market Restraints

• Requirement for dedicated bike infrastructure


• Inapplicability for rural terrain


• Lack of public awareness

Key Players

• Yellow Scooters (US)


• Bird Rides, Inc. (US)


• Lime Scooter (US)


• Micro Mobility Systems AG (Switzerland)


• ofo Inc. (China)


• Mobike (China)


• Motivate (Lyft) (US)


• Pride Mobility Products Corp. (US)


• EV RIDER LLC (US)


• Golden Technologies (US)


• Merits Co. Ltd (Taiwan)


• Invacare Corporation (US)

Segmentation

By Weight Capacity

• Up to 100 kg: This is the largest market within the segment. Most personal micro mobility devices fall under this category. This segment is slated to dominate the market due to the huge potential customer base as well as the range of products that it encapsulates.

• 100–250 kg: This segment is growing parallel to the growth of long-range micro mobility systems as well as having a larger weight-bearing capacity.

• Above 250 kg: This segment is primarily growing to cater to the growing demand for micro mobility for commercial and industrial enterprises. This segment also boasts some of the heaviest load-bearing micro mobility systems with excellent range.

By Travel range

• Up to 20 km: The largest market within this segment, ranges of up to 20 km have the most potential for micro mobility applicability due to better energy conservation, relatively shorter time taken to reach the destination, ease of parking.

• 20–40 km: Due to an increase in innovation within the micro mobility industry, larger distances can be traversed using micro mobility systems which are more cost and time-efficient. Global emphasis on environment conservation acts as a driver for this segment due to its low emission profile and its excellent energy conversion rates.

• Above 40 km: This market is growing due to the advances in micro mobility systems and their increasing load-bearing capabilities. Presently the smallest market within the segment, it will become a driver for the entire micro mobility market with innovation and gradual saturation of the other two markets within the segment.

By Type

• 2-wheeler: 2-wheeler micro mobility systems are currently the largest market within this segment due to their unparalleled efficiency, wide product range, small size (which aids in navigation and parking), and consumer preference.

• 3-wheeler: This is the fastest-growing market within the segment, primarily buoyed by the increased range and load-bearing that they offer. 3 -wheelers also have a crucial advantage of offering much better balance over 2-wheelers making them more suitable for long-distance micro mobility. The constraint is their size and reduced energy efficiency, factors which the innovation within this market is working to circumvent.

• Others: This includes 4-wheeler micro mobility systems as well as micro mobility systems created for commercial and industrial use.

By Application

• Commercial: A fast-growing market segment, the commercial applicability of micro mobility systems is manifold, being used to transport heavy loads over short distances, offering flexibility in maneuvering as well as being more cost-efficient than traditional systems.

• Residential: The residential micro mobility market is the largest market within this segment. An increase in urbanization, ever-increasing oil & gas prices, and growing traffic congestion are all factors driving this market. This segment also has the most diverse range of products catering to a variety of transportation requirements, further driving the growth of this segment.

By Region

• North America: The North American region is one of the best markets for micro mobility due to excellent public awareness, strong emphasis on eco-friendliness, urban planning and geographical features extremely conducive to the use of micro mobility systems and the presence of some of the major players within this market.

• Europe: The primary drivers for the European micro mobility market are road congestion, increased urbanization which is consequently increasing the average travel distance for work and increased applicability in industries.

• Asia-Pacific: The largest regional market, the Asia-Pacific region boasts of some of the most urban and congested population centers in the world. Micro mobility offers a faster and cheaper alternative than traditional mobility systems. The energy and cost efficiency of micro mobility systems when applied to commercial and industrial enterprises, of which the Asia-Pacific region is the largest in the world, is also a reason for this market to grow within the region.

• Rest of the World: Rising urbanization and the offered ease in mobility are driving this market.

Market Synopsis

Micro mobility is fast becoming an efficient and reliable means of transportation within cities and towns. The rising oil & gas prices, saturation within the automotive sector, increasing road congestion, ease of parking, ease of accessibility as well as excellent energy conversion rates are driving this market at a very fast rate. Micro mobility reduces emissions, something that is spurring the market for it in countries like the US and China.

Being midway between walking and taking transportation, micro mobility is finding applicability in all short transportation requirements for individuals as well as for commercial enterprises. This is because they offer a sustainable travel mode, incorporate exercise within transportation (self-charging cycles as well as scooters), are a better alternative for last-mile travel and replace the use of cars for mobility over relatively short distances

Report Scope:

Report Attribute/Metric	Details
Market Size	2027: USD 184 Billion
CAGR	66% CAGR (2020-2027)
Base Year	2019
Forecast Period	2020-2027
Historical Data	2018
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Weight Capacity, Travel Range, Type, Application
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Yellow Scooters (US), Bird Rides, Inc. (US), Lime Scooter (US), Micro Mobility Systems AG (Switzerland), ofo Inc. (China), Mobike (China), Motivate (Lyft) (US), Pride Mobility Products Corp. (US), EV RIDER LLC (US), Golden Technologies (US), Merits Co. Ltd (Taiwan), Invacare Corporation (US)
Key Market Opportunities	Sustainable, cost efficient, energy efficient, and flexible transportation alternative Increasing road congestion, ease of parking, ease of accessibility as well as excellent energy conversion rates
Key Market Drivers	Rising oil & gas prices Excellent energy conversion rates Growing demand for shared and dockless scooters Reduction in emissions Rapidly growing global population Growing e-scooter and e-bike sharing and renting services

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