Micro Mobility Market Demand, Business Scenario, Future Growth, Applications, Types, Analysis, Insights and Forecasts 2028

 Rising need to reduce traffic congestion in urban areas and reduce reliance on private vehicles and encourage use of public transport is also driving a shift towards micro mobility solutions.

The Global Micro Mobility Market report offers an elaborate analysis of the different elements of the industry, such as product development and technological advancements, product types, applications, and major expansion strategies undertaken by prominent companies. The assessment has been done based on primary and secondary research with a special focus on technological advancements, prominent industry players and suppliers, and distributors operating in the industry.

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Key Highlights of Report

  • The residential segment accounted for largest market share of 59.4% in 2019. Rapid urbanization and population increase are factors causing an exponential increase in congestion, which is driving demand for micro mobility solutions for use in residential areas.
  • 3-wheeler segment revenue is expected to expand at a rapid CAGR of 19.3% during the forecast period. Better balance offered by 3-wheelers as compared to two-wheeler makes them a more convenient and safer option for covering a longer distance.
  • Up to 20 Km segment accounted for a significantly high revenue share in the micro mobility market in 2019. Better energy efficiency is a prime feature offered by the travel range of up to 20 km.
  • Up to 100 Kg segment accounted for a significantly high revenue share in the micro mobility market in 2019. Shifting consumer preference towards more convenient, affordable, lightweight and efficient modes of transportation are factors driving demand for micro mobility solutions with a weight capacity of up to 100 Kg.
  • Key players in the market include Bird Rides, Inc., Lime Scooter, Micro Mobility Systems Ltd.s, Ofo Inc., Mobike, Motivate International Inc. (Lyft), Pride Mobility Products® Corporation, Golden Technologies, Uber, and Invacare Corporation.

Key geographical areas:

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

The Micro Mobility market intelligence report talks about the market size, share, value, and production cost analysis over the forecast period 2021-2028.

  • Application Outlook (Revenue, USD Billion; 2021–2028)
    • Residential
    • Commercial
  • Type Outlook (Revenue, USD Billion; 2021–2028)
    • 2-wheeler
    • 3-wheeler
    • Others
  • Travel Range Outlook (Revenue, USD Billion; 2021–2028)
    • Up To 20 Km
    • 20-40 Km
    • More than 40 Km

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Global Micro Mobility Market Report – Table of Contents:

  • Chapter 1 includes the global Micro Mobility market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
  • Chapter 2 broadly categorizes the Micro Mobility market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
  • Chapter 3 elaborates on the competitive outlook of the Micro Mobility market, focusing on the major manufacturers and vendor landscape.
  • Chapter 4 exhaustively studies the key manufacturers of the Micro Mobility industry, along with their anticipated sales and revenue shares.
  • Chapters 5 includes market segmentation based on product type, application range, and market players.

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