Personal E-Mobility Device Market was valued at USD 27.35 Billion in 2022 and is projected to reach USD 65.52 Billion by 2030, growing at a CAGR of 12.05% from 2024 to 2030.
The personal e-mobility device market has seen tremendous growth in recent years, driven by the need for efficient, eco-friendly transportation options. Personal mobility devices are categorized based on their primary use, primarily divided into two key segments: "Personal Use" and "Shared". These two segments cater to distinct customer needs, contributing to the overall market expansion. This report explores the applications of personal e-mobility devices in detail, providing insight into the characteristics, demand drivers, and growth opportunities for each application.
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The personal use segment of the personal e-mobility device market includes electric scooters, bikes, and other portable, battery-powered devices used by individuals for their day-to-day commute or recreational activities. These devices are designed to provide a convenient, sustainable, and cost-effective transportation alternative for urban commuters looking to avoid traffic congestion, reduce their carbon footprint, and save on transportation costs. Typically, personal use devices are lightweight, easy to store, and require minimal maintenance, making them ideal for short-distance travel. With increasing urbanization and growing concerns over environmental sustainability, this segment has witnessed a surge in demand, especially in metropolitan areas.
One of the main drivers of the personal use segment is the increasing adoption of electric vehicles and the need for green transportation solutions. Personal mobility devices such as e-scooters and e-bikes are perfect solutions for "last-mile" transportation, offering users an easy way to cover short distances that may be too far for walking but too short for a car. With the increasing availability of charging stations, improved battery technologies, and government incentives for sustainable transportation, personal e-mobility devices are becoming more affordable and practical for daily use. The convenience and eco-friendly nature of these devices make them a preferred choice for urban dwellers seeking to reduce their reliance on traditional fuel-based vehicles.
The shared segment of the personal e-mobility device market is focused on fleet-based rental systems, where users can rent electric scooters, bikes, or other devices for short-term use. These systems are typically managed by companies that maintain fleets of devices and offer them to consumers through mobile apps, allowing them to easily locate, rent, and return the devices. Shared mobility solutions have become increasingly popular in cities around the world due to their affordability, convenience, and sustainability. They provide an excellent solution for individuals who do not want to own their own e-mobility devices but still require an eco-friendly transportation option for short trips or urban commuting.
The shared segment has seen a significant increase in popularity with the rise of urban ride-sharing platforms like Lime, Bird, and Spin. These platforms leverage technology to offer an on-demand, pay-per-use service, making e-mobility devices accessible to a broader range of people. They help reduce traffic congestion, lower emissions, and provide an alternative to traditional modes of transportation such as taxis or public transit. Moreover, many cities are introducing regulations and incentives to promote shared e-mobility solutions, which further drives growth in this segment. As a result, the shared application of e-mobility devices is becoming an integral part of urban transport systems, particularly in cities looking to reduce congestion and improve air quality.
Several key trends are currently shaping the personal e-mobility device market. Firstly, the shift toward eco-friendly transportation is a primary driver, as consumers and governments alike are increasingly focusing on sustainability. This trend has led to a growing demand for electric-powered vehicles that help reduce greenhouse gas emissions and reliance on fossil fuels. Innovations in battery technology are also playing a critical role, improving the range and charging efficiency of e-mobility devices, thus making them more attractive to consumers.
Another significant trend is the integration of smart technologies into personal e-mobility devices. Many devices now come equipped with GPS, Bluetooth connectivity, and mobile app integration, enabling users to track their location, check battery levels, and unlock or rent devices seamlessly. Furthermore, the proliferation of shared e-mobility services is driving adoption, especially in urban areas where consumers are looking for convenient, affordable transportation options. The growth of e-mobility is also influenced by supportive government policies, which offer subsidies, tax rebates, and other incentives to encourage the use of electric vehicles, including e-scooters and e-bikes.
As the global demand for sustainable transportation options continues to rise, the personal e-mobility device market presents numerous opportunities for innovation and growth. One major opportunity lies in the development of advanced battery technologies, which can significantly enhance the performance of e-mobility devices. Longer battery life and faster charging times will further reduce barriers to adoption, especially for personal use devices. Additionally, the integration of artificial intelligence (AI) and machine learning in fleet management systems for shared e-mobility devices presents another area of opportunity. These technologies can optimize operations, improve user experience, and enable predictive maintenance, enhancing the efficiency of shared mobility services.
Another opportunity in the market is the expansion of shared mobility solutions into new geographic areas, particularly in emerging markets. As cities around the world focus on reducing congestion and air pollution, the demand for shared e-mobility devices is expected to increase. Partnerships between e-mobility service providers and city governments could foster the growth of charging infrastructure and facilitate smoother integration into urban transport systems. Additionally, as consumer preferences evolve, e-mobility providers may tap into niche markets, such as e-mobility solutions for the elderly or people with disabilities, further broadening their customer base.
1. What are personal e-mobility devices?
Personal e-mobility devices are battery-powered transportation options, such as electric scooters, bikes, and skateboards, designed for individual use to facilitate short-distance travel.
2. Why are personal e-mobility devices becoming popular?
The growing demand for eco-friendly, cost-effective transportation solutions, combined with urbanization and traffic congestion, is driving the popularity of personal e-mobility devices.
3. How do shared e-mobility systems work?
Shared e-mobility systems allow users to rent electric scooters or bikes via a mobile app, enabling short-term access to transportation without ownership.
4. What is the difference between personal use and shared e-mobility devices?
Personal use devices are owned by individuals, while shared devices are part of a rental fleet, available to users on a pay-per-use basis.
5. What are the benefits of personal e-mobility devices?
Personal e-mobility devices offer eco-friendly, convenient, and cost-effective transportation options, especially for short trips and urban commuting.
6. Are there any government incentives for e-mobility devices?
Yes, many governments offer subsidies, tax rebates, and incentives to promote the adoption of electric vehicles, including personal e-mobility devices.
7. How long do the batteries of e-mobility devices last?
Battery life varies depending on the device, but most e-mobility devices offer a range of 15 to 40 miles per charge, with battery life lasting between 2 to 5 years.
8. Can shared e-mobility devices help reduce traffic congestion?
Yes, shared e-mobility devices provide an alternative to traditional vehicles, reducing the number of cars on the road and easing traffic congestion.
9. How safe are personal e-mobility devices?
Personal e-mobility devices are generally safe, but riders are encouraged to wear helmets and follow safety guidelines, as accidents can occur if proper precautions are not taken.
10. What is the future of the personal e-mobility device market?
The future looks promising, with innovations in battery technology, government support, and increasing demand for eco-friendly solutions driving continued growth in the personal e-mobility device market.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Personal E-Mobility Device Market
Personal Use
Shared
Based on Types the Market is categorized into Below types that held the largest Personal E-Mobility Device market share In 2023.
Electric Bike
Electric Scooter
Electric Hoverboard
Electric Unicycle
Electric 4 Wheel Bicycle
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
1. Introduction of the Global Personal E-Mobility Device Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Personal E-Mobility Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Personal E-Mobility Device Market, By Type
6. Global Personal E-Mobility Device Market, By Application
7. Global Personal E-Mobility Device Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Personal E-Mobility Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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