Micro Mobility Market Scope
Micro Mobility refers to the use of small, lightweight, and electric personal transportation devices such as scooters, hoverboard, skateboards, and electric bicycles. These devices are designed to provide an efficient and environmentally-friendly mode of transportation for short-distance commuting. They are compact, portable, and easy to use, making them a popular choice for urban commuters and recreational users alike. With the rise of sustainable transportation solutions, micro-mobility is becoming a rapidly growing industry that is expected to grow in popularity in the years to come. Increase in the demand for compact and lightweight personal transportation solutions this factor is driving the market growth. Moreover, Micro mobility vehicles are more complex than traditional bikes this factor may impact to market growth.
|Unit||Value (USD Million)|
|Key Companies Profiled||AGC Inc (Japan), Lyft Inc. (United States), Bird (United States), Lime (United States), Tier Mobility (Germany), Bolt Mobolity (United States), Helbiz (United States), Voi Technology (Sweden) and Wind Mobolity (Germany)|
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Micro Mobility. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Micro Mobility market throughout the predicted period.
AGC Inc (Japan), Lyft Inc. (United States), Bird (United States), Lime (United States), Tier Mobility (Germany), Bolt Mobolity (United States), Helbiz (United States), Voi Technology (Sweden) and Wind Mobolity (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Dott (Belgium), KIWIride (Switzerland), Tilercharge(Netherlands), E-stralian (Australia), Fluctuo (France), Neuron Mobility (Singapore), Mosa (Netherlands), Baqme (Netherlands), Luup (Japan), TRYP.TO (United States), Linear Labs (United States), Ridepanda (United States) and Others.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Micro Mobility market by Type and Region with country level break-up.
On the basis of geography, the market of Micro Mobility has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesIn February 2023, Helbiz, Inc., a leading provider of micro-mobility solutions announced its acquisition of Wheels Labs, Inc., Wheels's diverse business mix includes shared micro-mobility, long-term rental service, vehicles dedicated to retail, and B2B operations
In November 2022, Lyft,Inc. and Motional, a global leader in driverless technology, announced the planned launch of a fully driverless ride-hail service in loss angles. The service will use Motional's all-electronic IONIQ 5-based robotaxies to be the first time that residents in Los Angeles can request an autonomous vehicle (AV) in the Lyft app.
Influencing Trend:Growing demand for micro-mobility solutions such as electric scooters
Market Growth Drivers:Increase in the demand for compact and lightweight personal transportation solutions
Challenges:High Cost of Maintenance and Charging
Restraints:Micro mobility vehicles are more complex than traditional bikes
Opportunities:Increased Demand for Urban Mobility Solutions
Key Target AudienceMicro Mobility Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries