Micro-Mobility Market, By Requirement (First & Last Mile, and Short Distance), By Location (Roads, Tracks and Footpath), By Application (Private and Commercial- Logistics), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Micro mobility is a class of modes of transport which is provided by very light vehicles, for example, electric skateboards, electric scooters, electric pedal-assisted and shared bicycles assisted. The primary condition to fit in the category of micro-mobility is the gross weight of the vehicle should be less than 500kg. It refers to a range of small, lightweight vehicles operating at speeds typically below 25 km/h and driven by users personally. Micro mobility includes fully active modes like cycling, walking and using a scooter. It also includes partially active modes, for example riding an e-cycle, which can have significant health benefits. Micro-mobility network means the part of the Internet that is locally close to the node. One of the main benefits of micro-mobility is that it helps to reduce road congestion by encouraging people to use micro-mobility devices instead of cars. With more micro-mobility cars on the road, there will be less usage of cars, especially for short-distance trips, lower our environment footprint, and provide convenient methods of transportation for short trips- all while being cost-effective.Micro-mobility market size accounted for US$ 3.8 billion in 2020 and is estimated to be US$ 11.18 billion by 2030 and is anticipated to register a CAGR of 11.5%.

Reducing prices of the battery

The reducing prices of the battery and GPS systems enabling cost that becomes micro-mobility affordable which is the major propelling factor for the growth of the global market. Additionally, by using micro-mobility reduces the travelling cost and environmental degradation which is another driving factor for the growth of the target market. Also, the micro-mobility needs for the efficient transportation system for the short distance which is the boosting factor for the growth of the global market. Moreover, the introduction of the autonomous and connected vehicles for micro-mobility is the fueling factor for the growth of the target market.

However, the development in the customers- centric services restrain the growth of the global market. Nevertheless, the development of 5G and autonomous technology can create an opportunity for the growth of the global market.

Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

Micro-mobility Market is segmented based on requirement, location, application, and region.

Type Insights

On the basis of requirement, the Micro-mobility Market is segmented into first & last mile, and short distance.

Location Insights

On the basis of location, the target market is segmented into roads, tracks and footpath

Application Insights

Based on application, the target market is segmented into private and commercial-logistics.

Regional Insights:

Micro-mobility Market size accounted for US$ 3.8 billion in 2020 and is estimated to be US$ 11.18 billion by 2030 and is anticipated to register a CAGR of 11.5%. On region the Micro-mobility Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts highest revenue share to the micro-mobility market due to last-mile connectivity and public transportation. Micro-mobility is fueled by urbanization. The demand for energy-efficient transportation is growing as the urban population grows. Asia Pacific is expected to witness largest revenue in the upcoming years due to changing lifestyles and government initiatives on the pollution free schemes.  

Report Scope:

Micro-Mobility Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The leading players operating in the Micro-Mobility Market includes Marble Robot B, operates as a robotics company. Braun Melsungen AG. is one of the world’s leading providers and manufacturers of healthcare solutions. EasyMile SAS is a pioneer in autonomous vehicle technology and smart mobility solutions. Floatility GmbH offers electric and mobility-sharing technology for short distance transport using smart phone enabled electric vehicles. Meituanbike (Mobike) is a Chinese fully station-less bicycle-sharing system. ANI Technologies (Ola) operates as an online transportation network company. Uber Technologies Inc. is an American mobility as a service provider. Lime Bike is a transportation company based in San Francisco, USA.  Bird Rides, Inc. provides software solutions. Skip Transport, Inc. is a San-Francisco based company which provided a scooter-sharing system in several American cities.

• In June 2022, Striemo Inc. is a developing Striemo, an electric micro mobility vehicle that provides a new mobility experience with user comfort front and center, slated for launch by the end of 2022.
• In 2020, Yamaha launched its new single-seater electric scooter e-Vino with 3-hour recharge time.