Micro-Mobility Market Size, Revenue Analysis, Industry Outlook, Forecast to 2028

This comprehensive Micro-Mobility Market report by “MarkNtel Advisors: Leading Market research Company” offers valuable insights into the current and future market landscape, providing clarity on potential challenges and strategies for optimal brand positioning. It features detailed market segmentation, in-depth analysis of key market players, emerging trends in consumer behavior and supply chain dynamics, and opportunities in new geographical markets. With the insights from this report, you can manage your marketing strategies for goods and services more effectively.

“According to recent market analysis report, the Global Micro-Mobility Market is expected to grow at a CAGR of 22% during the forecast period of 2023 to 2028.”

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Driving Force Behind the Growth of the Micro-Mobility Market through 2028

Mounting Demand for On-demand Transportation Services - The rapidly increasing urban population and rising establishment of smart cities worldwide are leading to the ever-growing demand for on-demand public transportation and, in turn, Micro-Mobility services. Governments of different countries are making significant transformative changes to improve the life quality of people by making massive investments in implementing Micro-Mobility solutions, such as bicycles, e-bikes, e-kick scooters, & e-mopeds, which offer benefits like fare comparison, flexibility, wide availability of vehicles, subscription-based services, real-time feedback, online payments, mobile apps, & GPS navigation. These vehicles are usually parked outside the streets or campuses, which allows users to pick up & ride as & when required without any wait. Hence, the increasing number of smart cities, coupled with various government initiatives toward implementing on-demand public transport, are projected to drive the global Micro-Mobility market during 2023-28.

Market Segment Highlights:

By Requirement

• First & Last Mile Trips (Very Short Distance)

• Short Distance Trips

By Application

• Commercial (Available on Rent)

• Private

By Autonomy Level

• Manual

• Semi-Autonomous

• Autonomous (Self Driving)

By Power Source

• Man-powered

• Fuel-powered

• Hybrid Electric Vehicles (HEV)

• Plug in Hybrid Electric Vehicles (PHEV)

• Battery Electric Vehicles (BEV)

By Sharing Service Model

• Station based

• Dockless (do not require a parking station)

• Hybrid (Station based + Dockless)

Here, dockless sharing systems are gaining traction worldwide owing to the various challenges being faced by docked systems in terms of limited space, accessibility, convenience, and the requirement for public grants. Dockless sharing systems rely heavily on smartphone applications, GPS built into all bikes, & the internet to locate & unlock bikes without any need for specified parking.

By Vehicle Type

• Electric Scooters

• Electric Skateboards

• Electric Bicycles (also known as Bike)

• Pedal Bicycles

• Others (Electric Unicycle, Golf Carts, etc.)

Micro-Mobility Market Regional Outlook:

• North America

• South America

• Europe

• The Middle East & Africa

• Asia-Pacific.

Of all regions globally, North America is expected to attain a prominent share of the Micro-Mobility Market during 2023-28.

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Micro-Mobility Market Competition Analysis:

Some of the top Micro-Mobility companies operating in the market are Ofo, Mobike, Hello Bike, Scoot, Skip Transportation, Spin, Bird, Lime, Rydies, Segway Inc., Dynamic Bicycles, Uber, Micro Mobility Systems, Others.

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