Micromobility Market Size to Reach 195.42 Billion USD by 2030 at a CAGR of 17.4% | Evaluate reports

micromobility market size

Latin America and the Middle East have the largest market share. LAMEA would post the highest CAGR of 25.9% during 2021-2030.

BANGALORE, KARNATAKA, INDIA, January 10, 2022 /EINPresswire.com/ – Micromobility market

The global micromobility market was valued at USD 40.19 billion in 2020 and is expected to reach USD 195.42 billion by 2030, registering a CAGR of 17.4% from 2021 to 2030. The main drivers of market growth micromobility include the increasing trend of on-demand micromobility. transportation services, government initiatives for smart cities, and increased venture capital and strategic investments. Micromobility refers to a range of small, light vehicles operating at a speed of no more than 15 miles per hour (25 km / h) and is considered ideal for daily trips within a radius of 10 km.

Other factors driving the growth of the micromobility market are increasing pollution levels, rapid urbanization, cost-effective mode of transportation, and growing concern for environmental impact. Additionally, after an initial slowdown due to covid-induced blockages, the market is expected to rise further in the long term, as issues with health, hygiene and social distancing encourage more people to switch to micromobility modes of transportation.

Get a detailed analysis of the impact of COVID-19 on the micromobility market: https://reports.valuates.com/request/sample/ALLI-Manu-1E46/Micromobility_Market

Trends influencing the growth of the micromobility market:

Growing Environmental Concerns Driving Market Growth

As urbanization increases, the demand for micromobility will explode further due to rising pollution levels, growing environmental awareness and increasing congestion in urban cities.

Micromobility modes of transport such as bicycles, scooters, mopeds and skateboards, etc. provide easy access to essential public infrastructure, reduce the overall environmental footprint and are much more cost effective than traditional modes of transport. Thus, the growing environmental concern will drive the growth of the micromobility market during the forecast period.

Increased government initiatives for smart cities will accelerate market growth

Growing government initiatives and support for building smart cities with the necessary cycling infrastructure, etc. further fuel market growth. Initiatives such as the creation of pop-up cycle lanes, the creation of more open spaces and the creation of some streets inaccessible to motorized vehicles, etc. contribute to the growth of the micromobility market and will continue to increase during the forecast period. Major governments around the world are completely changing their cities’ transportation systems by opening up spaces for cyclists and pedestrians, further driving the growth of the micromobility market.

Increasing trend of on-demand transportation systems further drives market growth

On-demand micromobility services include the availability of e-bikes and e-scooters offering flexibility, price comparison, and other features like real-time feedback, ratings, and more. In addition, with the advent of various mobile applications, location, price, and determining supply and demand has become much easier. Thus, the increasing demand for micromobility transportation services is fueling the growth of the micromobility market and will continue to grow during the forecast period.

Presence of key market players and increased investment will accelerate market growth

The increased demand for ridesharing and bicycle pooling services among office commuters and the presence of major market players such as Uber and Ola have further provided a huge boost to the growth of the market. Several offerings such as pick-up and drop-off services, co-passenger information, greater convenience and affordable prices have increased the demand for micromobility transportation services, further boosting the growth of the micromobility market. . The increase in investments also contributes to the growth of the market.

The impact of Covid 19 has led to a shift in preference for modes of transport leading to market growth

Although there was an initial collapse in the micromobility market due to covid-induced lockdowns, the rebound has been positive. Covid 19 has led to the addition of new consumers in the micromobility sector, as electric bikes, scooters, mopeds, etc. offer weak points of contact and better management of social distancing. Hence, the micromobility market is expected to increase further owing to changing consumer preferences during the forecast period.

Micromobility market share analysis

Based on the type of vehicle, the e-bikes segment is expected to offer lucrative growth opportunities during the forecast period as e-bikes are the cheapest modes of transportation resulting in faster adoption by consumers. final.
On the basis of the propulsion type, the electric segment is expected to hold the largest micromobility market share during the forecast period owing to the increasing demand for electric micromobility transportation modes.

Browse the table of contents and list of figures on: https://reports.valuates.com/reports/ALLI-Manu-1E46/micromobility

Segmentation of the micromobility market

Micromobility market by type of propulsion
• Human power
• Power supply

Micromobility market by vehicle type
• Electric scooters
• Bicycles
• Skateboards
• Others

Micromobility market by type of sharing
• Moored
• Without dock

Micromobility market by age group
• 15-34
• 35-54
• 55 years and over

Micromobility market by region
• North America
• Europe
• Asia Pacific
• LAMEA

Key companies
• Beam Mobility Holdings
• Bird
• Electric sensation
• Point
• Lime
• Mobility of neurons
• VOI
• Yulu
• Zagster
• Floatility GmbH

Inquire for personalized data: https://reports.valuates.com/request/customisation/ALLI-Manu-1E46/Micromobility_Market

Similar reports:

1. Electric bicycle market: https://reports.valuates.com/market-reports/ALLI-Auto-0O416/electric-bike

2. Electric scooters and electric motor cycles market: https://reports.valuates.com/market-reports/QYRE-Auto-1Z1154/global-electric-scooter-and-motorcycle

3. Electric bicycle market: https://reports.valuates.com/market-reports/QYRE-Auto-771/global-pedelec

4. Vehicle electrification market: https://reports.valuates.com/market-reports/ALLI-Manu-2Y52/vehicle-electrification

5. Bike sharing market without docking station: https://reports.valuates.com/market-reports/QYRE-Auto-36I3937/global-dockless-bike-sharing

6. Electric car market: https://reports.valuates.com/market-reports/QYRE-Othe-3Z153/electric-car

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