Global Micro-Mobility Market was valued at USD 3.1 billion In 2018, Observing a CAGR of 17.0% during 2019–2024

Published Date: Feb, 2020

The global micro-mobility market is expected to grow at a CAGR of 17.0% during the forecast period with its market size was valued at USD 3.1 billion in 2018. Smart cities and smart workplace will bring ample new opportunities for micro-mobility in the near future. The developed infrastructure will have defined e-scooter and bicycle parking areas. This will further boost the use of such mode of transport for short trips within the radius.  

Electric scooter held the largest share in the micro-mobility market in 2018

On the basis of mode of transport, the market is segmented into electric scooters, electric skateboards, shared bicycles, bicycles and others. Among these, electric scooter captures major market share in 2018 and is expected to grow at significant pace. Since, e-scooters support negligible carbon emission and being motor operated offers ease of use.

Geography Insight

Geographically, US, European Union and China are major regions contributing to the micro-mobility market in terms of revenue as well as company’s penetration. Besides, micro-mobility pricing in china is around five-times less than in US. And therefore, the revenue generated from the region is comparatively less and is still in growing phase. Further, around 50 million people in US travel using bicycle on regular basis and similar trend is rising in other two regions as well. These trends are expected to drive the micro-mobility market in the region.

Competitive Insight

Some of the key players operating in the global micro-mobility market are Beijing Mobike Technology Co. Ltd., Bird Rides Inc., Easymile SAS, Floatility GmbH, LimeBike, Scoot Network, Skip Transportation, Spin Scooters, Sway Mobility, and Zagster.

Key Takeaway from the Report:

  • Among all the requirement type, first and last mile segment together captures largest market share in 2018 and is expected to grow at fastest pace during the forecast period.
  • Of all the location, the road attributed for the foremost share in the micro-mobility market in 2018.
  • Among all the application, the commercial application has major market share in the micro-mobility market in 2018.
  • Of all mode of transport, electric scooter captures major market share in the micro-mobility market in 2018.

The Report Offers:

  • Historical market estimate for the years 2014–2018 and forecast for the years 2019–2024
  • Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
  • Market insights by in-depth segmentation with industry dynamics.
  • Competitive analysis and benchmarking of the industry leaders and their product offerings
  • Profiles of leading players and innovators, their financial overview and product portfolio
  • Analysis of key industry trends and recent developments
  • Value chain analysis and distribution channel analysis with opportunity assessment
  • Market share analysis of major players

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The report provides the market value for the base year 2018 and a yearly forecast till 2024 in terms of revenue (USD Million). The report segments the global micro-mobility market on the basis of requirement, location, application, mode of transport, and region.

 

Global Micro-Mobility Market Coverage

Requirement Insight and Forecast 2014-2024

  • First and Last Mile
  • Short Distance

Location Insight and Forecast 2014-2024

  • Tracks
  • Road
  • Footpath

Application Insight and Forecast 2014-2024

  • Private
  • Commercial

Mode of Transport Insight and Forecast 2014-2024

  • Electric Scooters
  • Electric Skateboards
  • Shared Bicycles
  • Bicycles
  • Others

Geographical Segmentation

Micro-Mobility Market by Region

North America

  • By Requirement
  • By Location
  • By Application
  • By Mode of Transport
  • By Country – U.S., Canada, and Mexico

Europe

  • By Requirement
  • By Location
  • By Application
  • By Mode of Transport
  • By Country – Germany, U.K., France, Spain, Switzerland, Belgium, Austria, Denmark, and Rest of Europe

Asia-Pacific (APAC)

  • By Requirement
  • By Location
  • By Application
  • By Mode of Transport
  • By Country – China, Japan, India, South Korea, Malaysia, Thailand, Singapore, Taiwan, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Requirement
  • By Location
  • By Application
  • By Mode of Transport
  • By Country – Brazil, South Africa, Saudi Arabia, and Other Countries
Our Industry
Global Micro-Mobility Market was valued at USD 3.1 billion In 2018, Observing a CAGR of 17.0% during 2019–2024