ID: MRFR/AM/6843-HCR | February 2021 | Region: Global | 111 pages
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.
Sustainable, cost efficient, energy efficient, and flexible transportation alternative.
By Weight Capacity
By Travel range
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
|Market Size||2027: USD 184 Billion|
|CAGR||66% CAGR (2020-2027)|
|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||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The micro mobility market is assessed to expand at 17.62% CAGR.
By 2027, the valuation of the micro mobility market is supposed to be USD 255.41 Bn.
The micro mobility market, on the basis of travel range, is poised to be led by the up to 20 kgs segment.
The 2 wheeler segment is projected to dominate the micro mobility market.
The key players are 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), and Invacare Corporation (US).
Micromobility also helps to fill the first- and last-mile transportation gaps, helping commuters reach existing transportation options. Not only is this convenient, but it also helps to increase transportation equity, providing more residents with equal access to transportation options.
They can help to reduce car usage and congestion and contribute to the more efficient use of parking and other shared public spaces. Silent when in use and low in emissions, e-scooters also promise substantial environmental benefits.