Press release
Micromobility Market to Triple by 2030, Projected to Reach $162 Billion with a 17.5% CAGR as per Stellar Market Research
Micromobility Market
Micromobility encompasses lightweight transportation options like electric scooters, electric skateboards, and electric bicycles. Rising traffic congestion, increasing oil prices, ease of parking, and the saturation of the auto sector are key drivers. The growing popularity of e-bike and e-scooter rentals and sharing services is creating new market opportunities.
For more detailed insights and comprehensive data, please refer to the full report:https://www.stellarmr.com/report/Micromobility-Market/495
Micromobility Market Size and Growth
Market Size in 2023: USD 52.39 Billion
Expected Market Size in 2030: USD 162.00 Billion
CAGR (2024-2030): 17.5%
Market Dynamics:
Increase in Venture Capital and Strategic Investments: Over $5.7 billion invested in micromobility startups since 2015, with a significant portion targeting China.
Lower Break-even Points Favoring the Economies: Electric scooters have a lower acquisition cost compared to cars, making them economically viable faster.
Struggles of Service Providers: COVID-19 has impacted service providers significantly, leading to layoffs and consolidation.
Cities Supporting Cycling: Increased focus on bicycle lanes and pedestrian-friendly policies post-COVID-19 lockdowns.
COVID Impact Analysis: The pandemic initially reduced micromobility usage by 60-70%, but trends indicate a recovery to pre-crisis levels by 2021-22. Consumer surveys suggest increased willingness to use micromobility solutions post-pandemic.
Market Segmentation:
Vehicle Type: Electric bicycles dominate with over 85% of global sales in 2023, followed by electric scooters with a notable CAGR of 10.3%.
Regional Insights: Asia Pacific leads with over 45% of global revenue in 2023. The region is expected to grow fastest due to supportive government policies.
For further insights and detailed analysis, request the free sample report:https://www.stellarmr.com/report/req_sample/Micromobility-Market/495
Table of Content
Micromobility Market Overview
Definition and Scope
Market Dynamics
Impact of COVID-19
Market Segmentation
By Vehicle Type
Electric Kick Scooters
Electric Skateboards
Electric Bicycles
By Battery Type
Sealed Lead Acid
NiMH
Li-ion
By Sharing Type
Dockless
Docked
Regional Insights
North America
Europe
Asia Pacific
Middle East and Africa
South America
Competitive Landscape
Key Players and Market Share
Recent Developments
Strategic Analysis
Market Drivers and Challenges
Economic and Political Factors
Technological Advancements
Environmental and Legal Factors
Future Trends and Opportunities
Conclusion and Recommendations
For further insights and detailed analysis, request the free sample report:https://www.stellarmr.com/report/req_sample/Micromobility-Market/495
Micromobility Market Key Players:
Yadea Technology Group Co., Ltd. (China)
JIANGSU XINRI E-VEHICLE CO., LTD. (China)
Xiaomi (China)
SEGWAY INC. (USA)
SWAGTRON (USA)
Boosted USA (USA)
Airwheel Holding Limited (USA)
YAMAHA MOTOR CO., LTD. (Japan)
Accell Group (Netherlands)
Derby Cycle (Germany)
Beam Mobility Holdings PTE. Ltd (Singapore)
Bird Rides (USA)
DOTT (Netherlands)
Electricfeel (Switzerland)
Floatility GmbH (Germany)
Lime (USA)
Neuron
VOI
Yulu Bikes Pvt. Ltd (China)
Objective: To provide a comprehensive analysis of the Micromobility Market for stakeholders. This report details dominant trends, market dynamics, and competitive structures, along with Porter's Five Forces Model and PESTEL Analysis to design business strategies and understand market influences.
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Key offerings:
Market Share, Size, and Forecast by Revenue|2024-2030
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by segments, sub-segments and Region
Competitive Landscape- key Players and Other Prominent key players.
Contact Stellar Market Research:
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
sales@stellarmr.com
About Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. We provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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