ID: MRFR/AM/6843-HCR | February 2021 | Region: Global | 111 pages
Global Micro-Mobility Market is expected to grow at a CAGR of 13% for the forecast period and is projected to cross USD 150 Billion by 2025.
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.
Sustainable, cost efficient, energy efficient, and flexible transportation alternative.
By Weight Capacity
By Travel range
Frequently Asked Questions (FAQ) :
The micro mobility market is assessed to expand at 13% CAGR.
By 2025, the valuation of the micro mobility market is supposed to be USD 150 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).