Automotive Market research

Micro Mobility Market Analysis and Global Forecast 2023-2033

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Micro Mobility Market Research Report: By Application (Commercial, Private), By Mode of Transport (Shared Bicycles, Electric Scooters, Electric Skateboards, Others), By Location (Road, Footpath, Track), and by Region — Forecast till 2033

Page: 130

Report Published on: January 21, 2025
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Description

Micro Mobility Market Overview

The Micro Mobility Market Size is expected to reach USD 114.25 Billion by 2033. The Micro Mobility industry size accounted for USD 3.21 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 12.54% from 2023 to 2033. The micro mobility market encompasses lightweight, short-distance transportation solutions, including electric scooters, bicycles, and shared bikes. It primarily serves urban environments, offering an alternative to traditional vehicles for trips typically under 10 kilometers. This market is driven by increasing urbanization, the need for sustainable transport options, and advancements in battery technology. It also benefits from growing investments in smart city infrastructure and the push toward reducing carbon emissions.

Global Micro Mobility Market Synopsis

Micro-Mobility MarketCOVID-19 Impact Analysis

The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the Micro mobility market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers to adopt various strategies to stabilize the company.

Global Micro Mobility Market Dynamics

The major factors that have impacted the growth of Micro Mobility are as follows:

Drivers:

⮚      Technological Advancements

Innovations in battery technology, connectivity, and vehicle design have enhanced the performance and appeal of micro mobility solutions. Improvements in battery life, charging infrastructure, and smart features, like GPS tracking and integrated payment systems, have made these modes of transport more accessible and user-friendly.

Restraint:

  • Infrastructure Limitations

The success of micro mobility solutions heavily depends on adequate infrastructure, such as dedicated bike lanes, safe parking areas, and charging stations. Many urban areas lack the necessary infrastructure to support widespread micro mobility adoption, which can hinder the effectiveness and appeal of these solutions.

Opportunity:

⮚      Technological Innovations

Advances in technology offer numerous opportunities for improving micro mobility solutions. Innovations in battery technology can lead to longer-lasting and faster-charging vehicles. Enhanced connectivity features, such as IoT integration, can provide real-time data for better fleet management and user experience. Additionally, incorporating AI and machine learning for predictive maintenance and route optimization can further enhance the appeal and efficiency of micro mobility solutions.

 Micro Mobility Market Segment Overview

By Application

Micro-Mobility Market Application AnalysisBased on the Application, the market is segmented based on Commercial, Private. the commercial segment generally dominates due to the widespread adoption of shared mobility services, including scooter and bike-sharing programs, which cater to a broad user base and generate significant revenue

By Mode of Transport

Based on the Mode of Transport, the market has been divided into Shared Bicycles, Electric Scooters, Electric Skateboards, Others. electric scooters typically dominate due to their popularity for short-distance travel, ease of use, and extensive adoption in shared mobility services.

By Location

Based on Location, the market has been divided into Road, Footpath, Track. road segments generally dominate due to their extensive use for both personal and shared micro mobility vehicles, providing direct access and connectivity in urban areas.

Global Micro Mobility Market Regional Analysis

Based on region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The area of North America is anticipated to dominate the market for the usage of Micro Mobility, followed by those in Asia-Pacific and Europe.

Global Micro-Mobility Market Regional AnalysisMicro Mobility North America Market

North America dominates the Micro Mobility market due to several factors. With a value of USD 79.2 billion in 2021, the North American region emerged as the largest micro mobility market. Over the course of the forecast period, this region is anticipated to develop at a strong CAGR of 13.00%. This is explained by the growing number of people living in cities and their improved infrastructure, which boosts public transportation.

Micro Mobility Asia Pacific Market

The Asia-Pacific region has been witnessing remarkable growth in recent years. It is projected that the micro mobility market in Asia-Pacific will expand at a faster rate throughout the projected timeframe. The Asia-Pacific region is anticipated to generate the greatest revenues during the forecast period due to the growing demand for automobiles across all sectors. Furthermore, the micro mobility market in China commanded the most market share, while the micro mobility market in India grew at the quickest rate in the Asia-Pacific area.

Competitive Landscape

The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as Motivate Inc, Bond Mobility Inc., ANYWHEEL PTE. LTD, Yulu Bikes Pvt. Ltd, and SMOOVE SAS are some of the leading players in the global  Micro Mobility Industry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.

Key Market Players:

  • Motivate Inc
  • Bond Mobility Inc.
  • ANYWHEEL PTE. LTD
  • Yulu Bikes Pvt. Ltd
  • SMOOVE SAS
  • DiDi Chuxing
  • CycleHop LLC
  • Donkey Republic ApS
  • Wheels Labs Inc.
  • Bird Rides Inc.

Key development:

August 2022: Bird Global, Inc. enlarged into new US cities. Bird Global, Inc. announced that cities including San Diego, California; Memphis, Tennessee; and Newark, New Jersey; as well as Durham, North Carolina; and Louisville, Kentucky, will expand their shared e-mobility programs with Bird.

Scope of the Report

Global Micro Mobility Market, by Application
  • Commercial
  • Private
Global Micro Mobility Market, by Mode of Transport
  • Shared Bicycles
  • Electric Scooters
  • Electric Skateboards
  • Others
Global Micro Mobility Market, by Location
  • Road
  • Footpath
  • Track
Global Micro Mobility Market, by Region
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Benelux
    • Nordic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Indonesia
    • Austalia
    • Malaysia
    • India
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of Middle East & Africa

 

Parameters Indicators
Market Size 2033: $114.25 Billion
CAGR 12.54% CAGR (2023-2033)
Base year 2022
Forecast Period 2023-2033
Historical Data 2021
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations Application, Mode of Transport, Location
Geographies Covered North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors Motivate Inc, Bond Mobility Inc., ANYWHEEL PTE. LTD, Yulu Bikes Pvt. Ltd, SMOOVE SAS, DiDi Chuxing, CycleHop LLC, Donkey Republic ApS, Wheels Labs Inc., Bird Rides Inc.
Key Market Opportunities • larger road congestion, parking facilities, easy access as well as energy conversion rates
Key Market Drivers • rising e-scooter and e-bike sharing and renting services Government initiatives for sharing vehicles and intelligent transportation

REPORT CONTENT BRIEF:

  • High-level analysis of the current and future Micro Mobility Industry trends and opportunities
  • Detailed analysis of current market drivers, restraining factors, and opportunities analysis in the future
  • Historical market size for the year 2021, and forecast from 2023 to 2033
  • Micro Mobility market share analysis for each segment
  • Competitor analysis with a comprehensive insight into its product segment, financial strength, and strategies adopted.
  • Identifies key strategies adopted by the key players including new product development, mergers and acquisitions, joint ventures, collaborations, and partnerships.
  • To identify and understand the various factors involved in the global Micro Mobility market affected by the pandemic
  • To provide year-on-year growth from 2022 to 2033
  • To provide short-term, long-term, and overall CAGR comparison from 2022 to 2033.

Provide Total Addressable Market (TAM) for the Global Micro Mobility Market

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Frequently Asked Questions (FAQ)

The global Micro-Mobility market is growing at a CAGR of ~12.54% over the next 10 years

Asia Pacific is expected to register the highest CAGR during 2023-2033

North America holds the largest share in 2022

Motivate Inc, Bond Mobility Inc., ANYWHEEL PTE. LTD, Yulu Bikes Pvt. Ltd, SMOOVE SAS, DiDi Chuxing, CycleHop LLC, Donkey Republic ApS, Wheels Labs Inc., Bird Rides Inc

Yes, we offer 16 hours of analyst support to solve the queries

Yes, we do provide regional as well as country-level reports. Other than this we also provide a sectional report. Please get in contact with our sales representatives

Table of Content

Table of Content

Chapter 1.   Executive Summary

Chapter 2.   Scope Of The Study

                     2.1.   Market Definition

                     2.2.   Scope Of The Study

                               2.2.1.   Objectives of Report

Chapter 3.   Evolve BI Methodology

Chapter 4.   Market Insights and Trends

                     4.1.   Supply/ Value Chain Analysis

                     4.2.   Porter’s Five Forces Analysis

                               4.2.1.   Threat Of New Entrants

                               4.2.2.   Bargaining Power Of Buyers

                               4.2.3.   Bargaining Power Of Suppliers

                               4.2.4.   Threat Of Substitutes

                               4.2.5.   Industry Rivalry

                     4.3.   Impact of COVID-19 on Micro-mobility Market

                               4.3.1.   Impact on Market Size

                               4.3.2.   End User Trend, Preferences and Budget Impact

                               4.3.3.   Regulatory Framework/Government Policies

                               4.3.4.   Key Players Strategy to Tackle Negative Impact

                               4.3.5.   Opportunity Window

Chapter 5.   Market Dynamics

                     5.1.   Introduction

                     5.2.   DRO Analysis

                               5.2.1.   Drivers

                               5.2.2.   Restraints

                               5.2.3.   Opportunities

Chapter 6.   Global Micro-mobility Market, By Application

                     6.1.   Introduction

                     6.2.   Commercial

                     6.3.   Private

Chapter 7.   Global Micro-mobility Market, By Mode of Transport

                     7.1.   Introduction

                     7.2.   Shared Bicycles

                     7.3.   Electric Scooters

                     7.4.   Electric Skateboards

                     7.5.   Others

Chapter 8.   Global Micro-mobility Market, By Location

                     8.1.   Introduction

                     8.2.   Road

                     8.3.   Footpath

                     8.4.   Track

Chapter 9.   Global Micro-mobility Market, By Region

                     9.1.   Introduction

                     9.2.   North America

                               9.2.1.   Introduction

                               9.2.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.2.3.   Market Size and Forecast, By Country, 2020 - 2028

                               9.2.4.   Market Size and Forecast, By Application, 2020 - 2028

                               9.2.5.   Market Size and Forecast, By Mode of Transport, 2020 – 2028

                               9.2.6.   Market Size and Forecast, By Location, 2020 – 2028

                               9.2.7.   US

                                              9.2.7.1.   Introduction

                                              9.2.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.2.7.3.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.2.7.4.   Market Size and Forecast, By Mode of Transport, 2020 – 2028

                                              9.2.7.5.   Market Size and Forecast, By Location, 2020 - 2028

                               9.2.8.   Canada

                                              9.2.8.1.   Introduction

                                              9.2.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.2.8.4.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.2.8.5.   Market Size and Forecast, By Mode of Transport, 2020 – 2028

                                              9.2.8.6.   Market Size and Forecast, By Location, 2020 - 2028

                     9.3.   Europe

                               9.3.1.   Introduction

                               9.3.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.3.3.   Market Size and Forecast, By Country, 2020 - 2028

                               9.3.4.   Market Size and Forecast, By Application, 2020 - 2028

                               9.3.5.   Market Size and Forecast, By Mode of Transport, 2020 – 2028

                               9.3.6.   Market Size and Forecast, By Location, 2020 – 2028

                               9.3.7.   Germany

                                              9.3.7.1.   Introduction

                                              9.3.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.7.3.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.3.7.4.   Market Size and Forecast, By Mode of Transport, 2020 – 2028

                                              9.3.7.5.   Market Size and Forecast, By Location, 2020 - 2028

                               9.3.8.   France

                                              9.3.8.1.   Introduction

                                              9.3.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.8.3.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.3.8.4.   Market Size and Forecast, By Mode of Transport, 2020 – 2028

                                              9.3.8.5.   Market Size and Forecast, By Location, 2020 - 2028

                               9.3.9.   UK

                                              9.3.9.1.   Introduction

                                              9.3.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.9.3.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.3.9.4.   Market Size and Forecast, By Mode of Transport, 2020 – 2028

                                              9.3.9.5.   Market Size and Forecast, By Location, 2020 - 2028

                               9.3.10.   Italy

                                              9.3.10.1.   Introduction

                                              9.3.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.10.3.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.3.10.4.   Market Size and Forecast, By Mode of Transport, 2020 – 2028

                                              9.3.10.5.   Market Size and Forecast, By Location, 2020 - 2028

                               9.3.11.   Rest Of Europe

                                              9.3.11.1.   Introduction

                                              9.3.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.11.3.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.3.11.4.   Market Size and Forecast, By Mode of Transport, 2020 – 2028

                                              9.3.11.5.   Market Size and Forecast, By Location, 2020 - 2028

                     9.4.   Asia-Pacific

                               9.4.1.   Introduction

                               9.4.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.4.3.   Market Size and Forecast, By Country, 2020 - 2028

                               9.4.4.   Market Size and Forecast, By Application, 2020 - 2028

                               9.4.5.   Market Size and Forecast, By Mode of Transport, 2020 – 2028

                               9.4.7.   Market Size and Forecast, By Location, 2020 - 2028

                               9.4.8.   China

                                              9.4.8.1.   Introduction

                                              9.4.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.8.3.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.4.8.4.   Market Size and Forecast, By Mode of Transport, 2020 – 2028

                                              9.4.8.5.   Market Size and Forecast, By Location, 2020 - 2028

                               9.4.9.   India

                                              9.4.9.1.   Introduction

                                              9.4.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.9.3.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.4.9.4.   Market Size and Forecast, By Mode of Transport, 2020 – 2028

                                              9.4.9.5.   Market Size and Forecast, By Location, 2020 - 2028

                               9.4.10.   Japan

                                              9.4.10.1.   Introduction

                                              9.4.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.10.3.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.4.10.4.   Market Size and Forecast, By Mode of Transport, 2020 – 2028

                                              9.4.10.5.   Market Size and Forecast, By Location, 2020 - 2028

                               9.4.11.   South Korea

                                              9.4.11.1.   Introduction

                                              9.4.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.11.3.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.4.11.4.   Market Size and Forecast, By Mode of Transport, 2020 – 2028

                                              9.4.11.5.   Market Size and Forecast, By Location, 2020 - 2028

                               9.4.12.   Rest Of Asia-Pacific

                                              9.4.11.1.   Introduction

                                              9.4.12.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.12.3.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.4.12.4.   Market Size and Forecast, By Mode of Transport, 2020 – 2028

                                              9.4.12.5.   Market Size and Forecast, By Location, 2020 - 2028

                     9.5.   Rest Of The World (RoW)

                               9.5.1.   Introduction

                               9.5.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.5.3.   Market Size and Forecast, By Application, 2020 - 2028

                               9.5.4.   Market Size and Forecast, By Mode of Transport, 2020 – 2028

                               9.5.5.   Market Size and Forecast, By Location, 2020 - 2028

                               9.5.6.   Market Size and Forecast, By Region, 2020 - 2028

                               9.5.7.   South America

                                              9.5.7.1.   Introduction

                                              9.5.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.5.7.3.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.5.7.4.   Market Size and Forecast, By Mode of Transport, 2020 – 2028

                                              9.5.7.5.   Market Size and Forecast, By Location, 2020 - 2028

                               9.5.8.   Middle East & Africa

                                              9.5.8.1.   Introduction

                                              9.5.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.5.8.3.   Market Size and Forecast, By Application, 2020 - 2028

                                              9.5.8.4.   Market Size and Forecast, By Mode of Transport, 2020 – 2028

                                              9.5.8.5.   Market Size and Forecast, By Location, 2020 - 2028

Chapter 10.   Competitive Landscape

                     10.1.   Introduction

                     10.2.   Vendor Share Analysis, 2020/Key Players Positioning 2020

Chapter 11.   Company Profiles

                     11.1.    Motivate Inc

                               11.1.1.   Business Overview

                               11.1.2.   Financial Analysis

                               11.1.3.   Product Portfolio

                               11.1.4.   Recent Development and Strategies Adopted

                               11.1.5.   SWOT Analysis

                     11.2.   Bond Mobility Inc.

                               11.2.1.   Business Overview

                               11.2.2.   Financial Analysis

                               11.2.3.   Product Portfolio

                               11.2.4.   Recent Development and Strategies Adopted

                               11.2.5.   SWOT Analysis

                     11.3.   Anywheel Pte. Ltd.

                               11.3.1.   Business Overview

                               11.3.2.   Financial Analysis

                               11.3.3.   Product Portfolio

                               11.3.4.   Recent Development and Strategies Adopted

                               11.3.5.   SWOT Analysis

                     11.4.   Yulu Bikes Pvt. Ltd.

                               11.4.1.   Business Overview

                               11.4.2.   Financial Analysis

                               11.4.3.   Product Portfolio

                               11.4.4.   Recent Development and Strategies Adopted

                               11.4.5.   SWOT Analysis

                     11.5.   SMOOVE SAS

                               11.5.1.   Business Overview

                               11.5.2.   Financial Analysis

                               11.5.3.   Product Portfolio

                               11.5.4.   Recent Development and Strategies Adopted

                               11.5.5.   SWOT Analysis

                     11.6.   DiDi Chuxing

                               11.6.1.   Business Overview

                               11.6.2.   Financial Analysis

                               11.6.3.   Product Portfolio

                               11.6.4.   Recent Development and Strategies Adopted

                               11.6.5.   SWOT Analysis

                     11.7.   CycleHop LLC

                               11.7.1.   Business Overview

                               11.7.2.   Financial Analysis

                               11.7.3.   Product Portfolio

                               11.7.4.   Recent Development and Strategies Adopted

                               11.7.5.   SWOT Analysis

                     11.8.   Donkey Republic ApS

                               11.8.1.   Business Overview

                               11.8.2.   Financial Analysis

                               11.8.3.   Product Portfolio

                               11.8.4.   Recent Development and Strategies Adopted

                               11.8.5.   SWOT Analysis

                     11.9.   Wheels Labs Inc.

                               11.9.1.   Business Overview

                               11.9.2.   Financial Analysis

                               11.9.3.   Product Portfolio

                               11.9.4.   Recent Development and Strategies Adopted

                               11.9.5.   SWOT Analysis

                     11.10.    Bird Rides Inc.

                               11.10.1.   Business Overview

                               11.10.2.   Financial Analysis

                               11.10.3.   Product Portfolio

                               11.9.4.   Recent Development and Strategies Adopted

                               11.9.5.   SWOT Analysis

 

Chapter 12.   Key Takeaways

 

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