The global micromobility market is anticipated to grow at a considerable CAGR of 15.5% during the forecast period. According to a report by OECD, by 2050 around 55% of the global population will reside in cities as compared to 37% in 2075. Thus, the growing population has led to the emergence of thousands of new cities globally, which in turn will increase the urbanization and congestion in cities. An increase in such conditions will create difficulties in the current transportation system to keep up with the growing population. Thus growing concerns such as congestion, the high costs of owning a vehicle, and growing awareness related to environmental impact are pushing people to adopt micromobility transportation.
In recent years, micromobility businesses both direct-to-consumer companies and sharing platforms have seen strong demand, owing to the rising demand for environment-friendly, single-rider, open-air transit alternatives. Further propelling various strategic initiatives in a bid to bring down carbon emissions and growing emerging technologies and startups are further anticipated to drive the demand for the micromobility market during the forecast period. For instance, in June 2022, European micro-mobility operator Dott expanded its e-bike and e-scooter information available in Google Maps, making it easier for more people to discover shared vehicles in an efficient way to travel across cities. In addition, in May 2022, Bird Global, Inc. unveiled its new parking technology, Bird Visual Parking System (VPS), a new parking tool, powered by Google’s ARCore Geospatial API and enables geo-localize parked scooters with pinpoint accuracy by leveraging Google 3D scanning, augmented reality (AR) technology and Google map street view data from around the world. In March 2022, SPIDERS, a Saudi micro-mobility rentals company closed a $1.4 million pre-seed investment round led by Watheeq Capital. Lastly, in October 2022, the European micro-mobility group, TIER, announced the close of its $200 million Series D funding round. The move is anticipated to consolidate its position as a micro-mobility company in Europe.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Type
- By Battery Type
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including Beam Mobility Holdings Pte. Ltd., Bird Rides, Inc, ElectricFeel AG, Voi Technology AB, and others.
Micromobility Market Report Segment
By Type
- Electric Kick Scooters
- Electric Skateboards
- Electric Bicycles
By Battery Type
- Lead-acid
- Nicked Metal
- Hydride
- Lithium-Ion
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Micromobility Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
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.
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