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Micro-Mobility Market

Micro-Mobility Market Size, Share and Segmentation by Vehicle Type (Electric Kick Scooters, Electric Skateboards, Electric Bicycles), by Battery Type (Sealed Lead Acid, NiMH, Li-ion), by Voltage (Below 24V, 36V, 48V, Greater than 48V), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1640 | June 2022 | Region: Global | 120 Pages


Report Scope & Overview:

Micro-Mobility Market Size was valued at USD 29.13 billion in 2021 and is expected to reach USD 70.69 billion by 2028 and grow at a CAGR of 13.5% over the forecast period 2022-2028.

Micro-mobility vehicles are utilized for travel over shorter distances than traditional automobiles. Bicycles, skateboards, electric vehicles, and other types of vehicles are examples of some of the most popular forms of micro-mobility. The term "micro-mobility" refers to a variety of low-powered, compact cars that go at a maximum speed of 25 km per hour (15 miles per hour). These vehicles are regarded to be appropriate for traveling within a range of 10 km. This actively involves the use of a variety of vehicles such as bicycles, electric bicycles, electric scooters, electric skateboards, shared bicycles, electric pedal-assisted bicycles, and other types of electric bicycles.

Micro-Mobility Market Revenue Graph

The commercial sector is one of the many application areas that are suitable for micro-mobility cars. The market for micro-mobility vehicles is consistently expanding in a number of countries throughout the world. The concept of micro-mobility refers to an expanding sector of the transportation industry that encompasses trips taken in a variety of lightweight vehicles.

Yamaha introduced its brand-new e-Vino single-seater electric scooter in March 2021. The e-Vino has a recharge duration of three hours.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • Due to geopolitical tensions, the demand for Micro-Mobility systems is on the rise.

  • These automobiles are low-emission and low-cost.

  • In addition to saving money and time, using micro-mobility cars saves both.

  • Micro-Mobility Market and urban regions are seeing an increase in demand for small vehicles.

  • Micro-mobility cars are being encouraged by governments in a variety of countries.

RESTRAINTS: 

  • In order to implement the Micro-Mobility System, it is extremely difficult to build the infrastructure.

  • A micro-mobile vehicle's development and production are incredibly time-consuming.

  • In rural terrain, these vehicles are unusable.

OPPORTUNITIES: 

  • Micro-mobility vehicle sharing programs are being developed by the government.

  • New growth prospects are projected to arise from the usage of intelligent transportation technologies.

  • Massive investments are predicted in the Micro-Mobility business.

CHALLENGES: 

  • Lack of knowledge regarding micro-mobility cars.

  • The adoption rate will be lower if people aren't aware of the product.

  • The shared transportation providers are mainly found in urban regions.

IMPACT OF COVID-19:

Since COVID-19 was released, the world has been confronted with unprecedented difficulties in the fields of economics, human rights, and healthcare. Lockdown measures have slowed the spread of coronavirus, but they have also taken a heavy financial toll on the government. The automobile and mobility industries are particularly heavily hit from a business perspective. In order to contain the coronavirus, lockdowns and stay-at-home orders have been implemented. However, this has resulted in tremendous financial difficulties. At a time when people are more likely to work from home and skip restaurants and grocery stores, the micro-mobility industry which includes bikes, e-scooters, and mopeds—is suffering from a drop in ridership and revenues. Since the COVID-19 problem began, the utilization of micro-mobility solutions has decreased significantly.

KEY MARKET PLAYERS:

Yellow Scooters (US), YAMAHA MOTOR CO., Lime Scooter (US), Micro Mobility Systems AG (Switzerland), Mobike (China), Yadea Technology Group Co., Ltd.; Jiangsu Xingri E-vehicle CO., LTD.; Xiaomi; SEGWAY INC.; Boosted USA; Air wheel Holding Limited; LTD.; Accell Group, Bird Rides, Inc. (US), Motivate (Lyft) (US), SWAGTRON, Pride Mobility Products Corp. (US), EV RIDER LLC (US), ofo Inc. (China), Golden Technologies (US), Merits Co. Ltd (Taiwan), Invacare Corporation (US) are some of the affluent competitors with significant market share in the Micro-Mobility Market.

MARKET ESTIMATION: 

Market, By Battery Type:

Based on the battery type segment, the global market has been divided into Electric Kick Scooters, Electric Skateboards, and Electric Bicycles. In 2020, the electric bicycles category accounted for more than 87% of the global revenue in the industry. Due to their affordability and ease of use, the segment is expected to grow at a 14.6% CAGR over the next five years. Over the projected period, the electric kick scooter market is expected to have the second-highest CAGR, at 10.5%.

Market, By Battery Type:

The global market has been divided into Sealed Lead Acid, NiMH, and Li-ion based on the battery type segment. It is expected that the sealed lead-acid battery category would account for more than 55.0 percent of the market's sales in 2020. Over the forecast period, the segment is expected to grow at a CAGR of more than 12.6 percent. Because of their cost-effectiveness, these batteries are chosen by manufacturers.

Market, By Voltage:

The global market has been divided into Below 24V, 36V, 48V, and Greater than 48V based on the voltage segment. More than 75% of the global revenue will come from the below 24V sector in 2020. Micro-mobility cars often employ batteries with a voltage of fewer than 24 volts, which provides enough power for the motors and a limited range of electric vehicles compared to other vehicle types.

MARKET SEGMENTATION:

By Vehicle Type:

  • Electric Kick Scooters

  • Electric Skateboards

  • Electric Bicycles

By Battery Type:

  • Sealed Lead Acid

  • NiMH

  • Li-ion

By Voltage:

  • Below 24V

  • 36V

  • 48V

  • Greater than 48V

Micro-Mobility Market Segment Chart

REGIONAL ANALYSIS:

North America, Europe, Asia-Pacific, and the rest of the world make up the global Micro-Mobility Market. A gain in the Micro-Mobility Market Share can be attributed to a higher acceptance rate for micro-mobility vehicles in North America. During the predicted period, the North American region is expected to do well. The Asia-Pacific region is expected to generate the most revenue from micro-mobility cars in the coming years because of the growing demand in both the commercial and industrial sectors. In 2020, the Asia Pacific area accounted for more than 48.0 percent of worldwide revenue. Nearly all the micro-mobility vehicle manufacturers are based outside of North America and Europe in the Asia Pacific. With the use of distribution channels or the OEM channel, these players make money by selling overseas items. India, China, and Japan are establishing standards and rules for vehicle charging infrastructure, and this is projected to have a favorable impact on the regional market growth. Over the course of the projected period, Asia Pacific is expected to be the fastest-growing region in terms of revenue growth.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Micro-Mobility Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 29.13  Billion
Market Size by 2028 US$ 70.69 Billion
CAGR CAGR of 13.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Vehicle Type (Electric Kick Scooters, Electric Skateboards, Electric Bicycles)
• by Battery Type (Sealed Lead Acid, NiMH, Li-ion)
• by Voltage (Below 24V, 36V, 48V, Greater than 48V)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Yellow Scooters (US), YAMAHA MOTOR CO., Lime Scooter (US), Micro Mobility Systems AG (Switzerland), Mobike (China), Yadea Technology Group Co., Ltd.; Jiangsu Xingri E-vehicle CO., LTD.; Xiaomi; SEGWAY INC.; Boosted USA; Air wheel Holding Limited; LTD.; Accell Group, Bird Rides, Inc. (US), Motivate (Lyft) (US), SWAGTRON, Pride Mobility Products Corp. (US), EV RIDER LLC (US), ofo Inc. (China), Golden Technologies (US), Merits Co. Ltd (Taiwan), Invacare Corporation (US)
Key Drivers •Due to geopolitical tensions, the demand for Micro-Mobility systems is on the rise.

•These automobiles are low-emission and low-cost.
RESTRAINTS •In order to implement the Micro-Mobility System, it is extremely difficult to build the infrastructure.

•A micro-mobile vehicle's development and production are incredibly time-consuming.


Frequently Asked Questions (FAQ) :

Ans:- The market size is expected to reach USD 70.69 billion by 2028.

Ans:- Asia pacific region is anticipated to be the primary driver of the market.

Ans:- On-demand micro-mobility services, such as e-bikes and e-kick scooters, give end-users flexibility, real-time feedback, vehicle monitoring, and rating.

Ans:- Raw material vendors, Distributors, Regulatory authorities, Commercial research & development (R&D) institutions, Importers and exporters, and consulting firms, Trade/Industrial associations, End-use industries are the stakeholder of this report.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Micro-Mobility Market Segmentation, By Vehicle Type

8.1 Electric Kick Scooters

8.2 Electric Skateboards

8.3 Electric Bicycles

 

9. Global Micro-Mobility Market Segmentation, By Battery Type

9.1 Sealed Lead Acid

9.2 NiMH

9.3 Li-ion

 

10. Global Micro-Mobility Market Segmentation, by Voltage

10.1 Below 24V

10.2 36V

10.3 48V

10.4 Greater than 48V

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 YAMAHA MOTOR CO.,

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Yellow Scooters (US)

12.3 Lime Scooter (US)

12.4 Micro Mobility Systems AG (Switzerland)

12.5 Mobike (China)

12.6 Yadea Technology Group Co., Ltd.

12.7 Jiangsu Xingri E-vehicle CO., LTD.

12.8 Xiaomi

12.9 SEGWAY INC.

12.10 Boosted USA

12.11 Air wheel Holding Limited LTD.

12.12 Accell Group

12.13 Bird Rides, Inc. (US)

12.14 Motivate (Lyft) (US)

12.15 SWAGTRON

12.16 Pride Mobility Products Corp. (US)

12.17 EV RIDER LLC (US)

12.18ofo Inc. (China)

12.19 Golden Technologies (US)

12.20 Merits Co. Ltd (Taiwan)

12.21 Invacare Corporation (US)

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

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Secondary Research

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