Micro-Mobility Market Analysis, Development, and Forecast by 2031

MARKET OVERVIEW

Micro-mobility involves transportation using light vehicles like shared bicycles, electric scooters, electric skateboard etc. Micro mobility vehicles are mostly used for travelling short distances. These vehicles can be used for private as well as commercial purpose. Also, considering traffic jams in urban areas, demand for micro mobility vehicles is expected to increase noticeably. For the forecast period, micro mobility market is anticipated to show a promising growth.

MARKET SCOPE

The "Global Micro-Mobility Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the micro-mobility market with detailed market segmentation by type, location, application, autonomy level and geography. The report provides key statistics on the market status of the leading micro-mobility market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type, the global micro-mobility market is segmented into first and last mile trips and short distance trips.
  
•   On the basis of location, the market is segmented into tracks, roads and footpaths.
  
•   Based on application, the market is bifurcated into commercial and private.
  
•   On the basis of autonomy level, the market is segmented into manual, semi-autonomous and autonomous.
  

MARKET DYNAMICS

Drivers

•   Quick and easy travel for short distances.
  
•   Rising urbanization and increasing per capita disposable income to boost market growth of micro mobility vehicles.
  
•   New market players are entering the market considering the increased usage of micro mobility vehicles.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The micro-mobility market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the micro-mobility market in these regions.

IMPACT OF COVID-19 ON MICRO-MOBILITY MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Due to pandemic, movement of people from one place to another was restricted considerably. Also, due to job losses and salary cuts, purchasing power of the customer was reduced. They tried to avoid all the non-essential expenses. Considering these factors, demand for micro mobility vehicles was affected to a great extent.

MARKET PLAYERS

The report covers key developments in the micro-mobility market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from micro-mobility market are anticipated to lucrative growth opportunities in the future with the rising demand for micro-mobility in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the micro-mobility market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Bird Rides, Inc.
  
•   Donkey Republic
  
•   Dynamic Bicycles, Inc.
  
•   Floatility GmbH
  
•   Lime
  
•   Mobike
  
•   Rydies
  
•   Skip
  
•   Spin (Skinny Labs Inc.)
  
•   Zagster Inc.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Micro-Mobility Report Scope