Micro-mobility Market Showing Impressive Growth during Forecast Period 2021 - 2031 | Xiaomi, SEGWAY INC., Boosted USA

Micro-mobility is a term used to describe small, personal vehicles that are used for short trips. This can include bikes, scooters, and skateboards. Micro-mobility is a growing trend in cities as a way to reduce traffic and pollution.

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There are many benefits to micro-mobility. For one, it is a more efficient way to get around. Bikes and scooters can navigate through traffic much easier than cars. They are also more environmentally friendly, as they produce zero emissions.

Micro-mobility is not without its challenges, however. One of the biggest is safety. Bikes and scooters can be tricky to navigate, and accidents are not uncommon. There is also the issue of storage. Bikes and scooters need to be stored somewhere when they are not in use, which can be difficult in densely populated areas.

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Key Trends

There are a few key trends in micro-mobility technology that are worth mentioning. Firstly, there is a trend towards more compact and lightweight vehicles. This is partly due to the fact that people are increasingly using micro-mobility vehicles for commuting and other short journeys, and so they need something that is easy to carry and store.

Secondly, there is a trend towards electric-powered vehicles. This is because electric vehicles are more efficient and have lower running costs than petrol or diesel vehicles. Finally, there is a trend towards connected and autonomous vehicles.

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Key Drivers

There are several key drivers of the micro-mobility market. One is the increasing cost of car ownership and operation. This is especially true in urban areas, where the cost of parking, insurance, and fuel can be quite high. Another driver is the increasing congestion on roads and highways. This has led to a search for alternatives to the traditional car commute.

Micro-mobility options, such as electric scooters, offer a more affordable and convenient way to get around. They are also much less likely to contribute to traffic congestion. In addition, many people find micro-mobility options to be more fun and exciting than traditional methods of transportation.

Market Segments

The micro-mobility market report is bifurcated on the basis of propulsion type, vehicle use, sharing type, age group and region. On the basis of propulsion type, it is segmented into human powered and electrically powered. Based on vehicle use, it is analyzed across e-kick scooters, bicycles, skateboards, and others. By sharing type, it is divided into docked and dock-less. By age group it is spread across 15-34, 35-54, 55 and above. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

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Key Players

The micro-mobility market report includes players such as Xiaomi, SEGWAY INC., SWAGTRON, Boosted USA, Airwheel Holding Limited, Yamaha Motor Co., Lt., Accell Group, Derby Cycle, Bird Rides, and DOTT.

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