Micro-Mobility Market Size, CAGR, Trends 2024-2030

Market Overview and Report Coverage

Micro-mobility refers to the use of small, lightweight vehicles for short distance transportation, such as electric scooters, bikes, and skateboards. These vehicles are typically shared and accessed through mobile apps, making transportation more convenient and environmentally friendly.

The future of the micro-mobility market looks promising, with a projected growth rate of % over the forecasted period. Factors contributing to this growth include increasing urbanization, rising concerns about climate change, and the need for more sustainable transportation options. As cities become more congested, there is a growing demand for alternative modes of transportation that are cost-effective and efficient.

Current trends in the micro-mobility market include the integration of electric vehicles, improvements in infrastructure to support these vehicles, and the adoption of shared mobility services by consumers. Companies are also investing in technology to enhance the user experience and improve the safety of micro-mobility services.

Overall, the micro-mobility market is expected to continue expanding as more people embrace sustainable transportation options, leading to a more environmentally friendly and efficient urban transportation system.

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Market Segmentation

The Micro-Mobility Market Analysis by types is segmented into:

• Bicycle
• Electric Bike
• Electric Scooter

The micro-mobility market consists of three main types - bicycles, electric bikes, and electric scooters. Each type offers a convenient and eco-friendly mode of transportation, allowing individuals to move around urban areas quickly and efficiently. Bicycles are traditional and widely available, while electric bikes provide an added level of assistance for longer distances. Electric scooters are popular for short trips and are easy to use, making them a popular choice for commuters and city dwellers looking for a convenient transportation option.

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The Micro-Mobility Market Industry Research by Application is segmented into:

• Age 18-24
• Age 25-34
• Age 35-44
• Others

Micro-mobility services are gaining popularity among the age groups of 18-24, 25-34, and 35-44, as well as others. These services offer convenient and affordable transportation options for short-distance travel, such as electric scooters and bikes. Young adults aged 18-24 are attracted to the sustainability aspect and flexibility of these services. Middle-aged individuals aged 25-44 appreciate the convenience and cost-effectiveness of micro-mobility solutions. Other market segments see the appeal of reducing carbon footprint and traffic congestion in urban areas.

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In terms of Region, the Micro-Mobility Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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What are the Emerging Trends in the Global Micro-Mobility market?

Emerging trends in the global micro-mobility market include a shift towards electric vehicles, increased adoption of shared mobility services, and integration with public transportation systems. Current trends involve the growth of e-scooter and bike-sharing services, regulatory challenges in various cities, and technological advancements like IoT and AI for efficient fleet management. Additionally, a focus on sustainability and reducing carbon emissions is influencing the development of eco-friendly micro-mobility solutions. Overall, the market is expanding rapidly as consumers seek convenient, affordable, and environmentally friendly ways to travel short distances in urban areas.

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Major Market Players

The micro-mobility market has seen significant growth in recent years, with companies like Bird Rides, Uber, Lyft, Lime, and others leading the way. As of now, some of the key players in the market include Lime, Bird Rides, Voi Technology, Hellobike, and Uber.

Lime is one of the leading companies in the micro-mobility market, offering electric scooters and bikes in various cities worldwide. The company has seen substantial growth since its inception and continues to expand its operations globally. Lime has reported significant sales revenue, with projections of continued growth in the coming years.

Bird Rides, another major player in the market, offers electric scooters for rent in cities across the globe. The company has also experienced rapid growth and has secured substantial investments to fuel its expansion efforts. Bird Rides has reported impressive sales revenue figures and is expected to continue gaining market share.

Voi Technology, a European-based micro-mobility company, has also made a name for itself in the market, offering electric scooters in cities throughout Europe. The company has seen significant market growth and has plans for further expansion in the future. Voi Technology's sales revenue has been on the rise, reflecting the company's strong position in the micro-mobility market.

Overall, the micro-mobility market is expected to continue growing as more people turn to alternative modes of transportation in urban areas. Companies like Lime, Bird Rides, and Voi Technology are poised to benefit from this trend and are likely to see further gains in market share and sales revenue in the coming years.

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