Micromobility market is anticipated to grow at a significant CAGR of 15.5% during the forecast period. Micromobility is a type of lightweight transportation that is geared for one-on-one use and operate at a speed of not more than 15 miles per hour (25 km/h). Micromobility transportation is mainly focused on urban transportation that weighs less than 500 kgs. It includes electronic scooters and e-bikes, traditional bicycles and scooters, electric skateboards, electric water bikes, and hoverboards. The factors such as rapid industrialization, development of smart cities, and vehicle infrastructure, rising oil and gas prices, and growing initiatives by both public and private stakeholders in favor of eco-friendly means of transportation are primary factors driving the growth of the market. For instance, in May 2022, Neuron pledged to be Carbon Negative by 2025. The company launched its Impact Report titled “Meeting Micromobility’s Potential”, which highlights the positive impact of neurons on the environment, economy, and community. Further, in November 2021, Voi pledged to become climate positive across all its towns and cities by 2030.
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Additionally, the growing investment and cooperation of the government in promoting micromobility transportation as an eco-friendly alternative to public transportation in urban areas is another factor anticipated to drive the demand for a micromobility transportation system during the forecast period. For instance, in July 2022, Neuron Mobility Pte. Ltd. partnered with Transport for New South Wales and Western Sydney Parklands for the state’s e-scooter trials. Apart from this, in December 2021, Voi Technology raised $115 million in an oversubscribed, convertible, and debt financing round that will enable Voi to continue expanding its mobility platform into new markets next year.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Micromobility Market by Type
- Electric Kick Scooters
- Electric Skateboards
- Electric Bicycles
Global Micromobility Market by Battery Type
- Lead-acid
- Nicked Metal
- Hydride
- Lithium-Ion
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Beam Mobility Holdings Pte. Ltd.
- Bird Rides, Inc.
- Dott
- ElectricFeel AG
- Helbiz, Inc.
- Neuron Mobility Pte. Ltd.
- Neutron Holdings, Inc.(Lime)
- Rad Power Bikes Inc.
- Voi Technology AB
- Yulu Bikes Pvt. Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global micromobility market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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