Micromobility Rentals Market Review: Long-Term Opportunity Vs. Short-Term Challenges

Micromobility Rentals Market Latest Edition Published with Forecast to 2027
According to the report, Demand for User Flexibility and Expansion of Geographic Location is one of the primary growth factors for the market. Rise of Micromobility as a Budget-Friendly Mode of Transportation is also expected to contribute significantly to the Micromobility Rentals market. Overall, applications of Micromobility Rentals, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.

AMA’s Analyst on the Global Micromobility Rentals Market identified that the demand is rising in many different parts of the world due to "Growing Traffic Congestion on Roads ". Furthermore, some recent industry insights like "In August 2022, Rental car giant Hertz announced their new partnership with Polestar to buy up to 65,000 electric vehicles over the next five years. Now, Polestar 2 EVs are available for Australians to rent through Hertz across many parts of the country." is constantly making the industry dynamic. One of the challenges that industry facing is "Occurrence of Theft and Vandalism"

The Propulsion, such as Gasoline, is boosting the Micromobility Rentals market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Operational Mode, such as Dockless, is boosting the Micromobility Rentals market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Service, such as Pay as You Go, is boosting the Micromobility Rentals market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Micromobility Rentals market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Micromobility Rentals market and other related sub-markets covered in the study.

o Key & emerging players in the Micromobility Rentals market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Micromobility Rentals market size is calculated using market estimation process, the Micromobility Rentals market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Micromobility Rentals market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales