The global micro mobility market is expected to reach a market size of USD 290.39 Billion in 2028 and register a double-digit CAGR over the forecast period, according to latest analysis by Emergen Research. Robust revenue growth of the market can be attributed to rapidly increasing range of transportation services and vehicles, including e-bikes, dockless and docked shared bicycles, electric scooters, and electric skateboards. Rising need to reduce traffic congestion in urban areas and reduce reliance on private vehicles and encourage use of public transport is also driving a shift towards micro mobility solutions. Urban consumers are increasingly adopting micro mobility solutions due to enhancement in connectivity, mobile payments, quick battery charging, convenience of these solutions, and growing smartphone penetration in urban and rural areas. Rising investments by companies offering micro mobility solutions is also resulting in development of more cost-effective and advanced vehicles in the micro mobility solutions market.
The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Micro Mobility market. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Bird Rides, Inc., Lime Scooter, Micro Mobility Systems Ltd., Ofo Inc., Mobike, Motivate International Inc. (Lyft), Pride Mobility Products Corporation, Golden Technologies, Uber, Invacare Corporation
Research Report on the Micro Mobility Market Addresses the Following Key Questions:
- Who are the dominant players of the Micro Mobility market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Micro Mobility market?
- What are the key growth drivers and restraining factors of the Micro Mobility market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Micro Mobility market and its key segments?
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Emergen Research has segmented the global Micro Mobility market on the basis of type, type of care, and region
Segments Covered in this report are:
Application Outlook (Revenue, USD Billion; 2021–2028)
- Residential
- Commercial
Type Outlook (Revenue, USD Billion; 2021–2028)
- 2-wheeler
- 3-wheeler
- Others
Travel Range Outlook (Revenue, USD Billion; 2021–2028)
- Up To 20 Km
- 20-40 Km
- More than 40 Km
In conclusion, the Micro Mobility Market report is an exhaustive database that will help readers formulate lucrative strategies. The Micro Mobility Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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