The global micro mobility market is expected to reach a market size of USD 290.39 Billion in 2028 and register a double-digit CAGR over the forecast period, according to latest analysis by Emergen Research. Robust revenue growth of the market can be attributed to rapidly increasing range of transportation services and vehicles, including e-bikes, dockless and docked shared bicycles, electric scooters, and electric skateboards.

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. Urban consumers are increasingly adopting micro mobility solutions due to enhancement in connectivity, mobile payments, quick battery charging, convenience of these solutions, and growing smartphone penetration in urban and rural areas. Rising investments by companies offering micro mobility solutions is also resulting in development of more cost-effective and advanced vehicles in the micro mobility solutions market.

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Competitive Terrain:
The global Micro Mobility industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Key players involved in the market such as 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.

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Regional Landscape section of the Micro Mobility report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Emergen Research has segmented the global micro mobility market on the basis of application, type, travel range, weight capacity, and region:

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

Weight Capacity Outlook (Revenue, USD Billion; 2021–2028)

Up to 100 Kg

100-250 Kg

More than 250 Kg

Research Report on the Micro Mobility Market Addresses the Following Key Questions:

Who are the dominant players of the Micro Mobility market?

Which regional market is anticipated to have a high growth rate over the projected period?

What consumer trends and demands are expected to influence the operations of the market players in the Micro Mobility market?

What are the key growth drivers and restraining factors of the Micro Mobility market?

What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?

What is the overall impact of the COVID-19 pandemic on the Micro Mobility market and its key segments?

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