Inkwood Research anticipates that the global micro mobility market will reach $13266.38 million by 2026, growing at a CAGR of 12.09% during the forecast period, 2021-2026. Micro mobility entails vehicles like bikes, scooters, bicycles, and autonomous shuttles that are ideal for less than a 5km distance. Micro mobility shows great promise for the growing problem of congestion in the cities. There are many growing commercial applications for micro mobility vehicles, such as short-distance deliveries. Also, there is a rising trend of micro mobility vehicles.

GLOBAL MICRO MOBILITY MARKET FORECAST 2021-2026

Global Micro Mobility Market by Requirement (Under 2 Miles, 2 -5 Miles) by Location (Roads, Tracks (Shared Paths), Footpath) by Application (Private, Commercial) and by Geography

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Inkwood Research anticipates that the global micro mobility market will reach $13266.38 million by 2026, growing at a CAGR of 12.09% during the forecast period, 2021-2026.

Micro mobility entails vehicles like bikes, scooters, bicycles, and autonomous shuttles that are ideal for less than a 5km distance. Micro mobility shows great promise for the growing problem of congestion in the cities. There are many growing commercial applications for micro mobility vehicles, such as short-distance deliveries. Also, there is a rising trend of micro mobility vehicles.
Micro Mobility Market

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Key drivers of the global micro mobility market growth:

  • Growing congestion in cities
    • Congestion or traffic is a significant deterrent to the growth of the economy in cities. It not only slows down the economy but also affects the people psychologically.
    • Car traffic is worsening in the United States, India, China, and many other cities worldwide.
    • Micro mobility vehicles take up less space, and has less impact on the environment.
  • Declining battery prices
  • Shortage of parking spaces
  • Travel cost savings

Key factors restraining market growth:

  • Not suitable for certain weather conditions
  • Inadequacy of infrastructure
    • Micro mobility vehicles require electric charging stations, paved roads, bike lanes, pedestrian sidewalks, robust internet connectivity, and proper lane markings for their growth.
    • Many countries lack these infrastructures, affecting the adoption of these vehicles.
    • Furthermore, there is a need for coordination between micro mobility companies and city regulators to maximize the micro mobility solution’s positive effects.

The report scope of the global micro mobility market covers the segmentation analysis of requirement, location, and application.

Market by Location:

  • Roads
  • Tracks (Shared Paths)
    • Tracks are marked paths along the roads that are restricted to low-speed modes such as bicycles, e-bikes, and e-scooters.
    • It is highly specific to the purpose for which it is built and ensures a sense of safety regulated by the tracks usage policy.
    • Many European countries have highly developed tracks and infrastructures for micro mobility vehicles.
    • This segment captured the largest share in 2020 in the location category of the market.
  • Footpath

The major players in the global micro mobility market are:

  • Limebike
  • Bird Rides Inc
  • Spin Scooters
  • Swiftmile
  • Micro Mobility Systems AG
  • Segway
  • Others

Key strategies adopted by some of these companies:

In December 2020, Ingram Micro Inc was acquired by Platinum Equity for $7.2 billion. In December 2020, Aurora Innovation acquired Uber’s self-driving unit, Advanced Technologies Group (ATG). In December 2020, Middle East’s first e-scooter private subscription service was launched by FENIX in Dubai.

Key findings of the global micro mobility market:

  • There has been an increase in connected and autonomous vehicles for micro mobility.
  • There is rising adoption of mobility-as-a-service (MaaS).
  • Cybersecurity issues with passenger and vehicle data generation can hinder the market growth.

 

Frequently Asked Questions & Answers (FAQs):

  • What is the major problem tackled by micro mobility solutions?

A: Traffic congestion is a major problem tackled by micro mobility solutions.

  • Which country dominates the micro mobility market?

A:   The United States dominates the micro mobility market.

  • What is the impact of COVID-19 on the micro mobility market?

A: The COVID-19 pandemic’s overall impact on the micro mobility market has been negative due to the reduced demand and low disposable income.

  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • MARKET DEFINITION
    •    KEY DRIVERS
      • GROWING CONGESTION IN CITIES
      • DECLINING BATTERY PRICES
      • SHORTAGE OF PARKING SPACES
      • TRAVEL COST SAVINGS
    •    KEY RESTRAINTS
      • NOT SUITABLE FOR CERTAIN WEATHER CONDITIONS
      • INADEQUACY OF INFRASTRUCTURE
  1. KEY ANALYTICS
    • IMPACT OF COVID-19 ON MICRO MOBILITY MARKET
    • KEY INVESTMENT INSIGHTS
    •    PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
  2. MARKET BY REQUIREMENT
    • UNDER 2 MILES
    • 2 -5 MILES
  3. MARKET LOCATION
    • ROADS
    • TRACKS (SHARED PATHS)
    • FOOTPATH
  4. MARKET BY APPLICATION
    • PRIVATE
    • COMMERCIAL
  5. GEOGRAPHICAL ANALYSIS
    • UNITED STATES
    • CHINA
  6. COMPETITIVE LANDSCAPE
    •    KEY STRATEGIC DEVELOPMENTS
      • MERGER & ACQUISITIONS
      • PRODUCT LAUNCH & DEVELOPMENTS
      • PARTNERSHIP, CONTRACT/AGREEMENT & COLLABORATION
    •    COMPANY PROFILES
      • EASYMILE SAS
      • FLOATILITY GMBH
      • ANI TECHNOLOGIES (OLA)
      • LIMEBIKE
      • BIRD RIDES INC
      • SKIP TRANSPORT INC
      • SPIN SCOOTERS
      • SCOOT NETWORKS
      • ZAGSTER INC
      • SWIFTMILE
      • MICRO MOBILITY SYSTEMS AG
      • RYDIES GMBH
      • SEGWAY
      • OFO
      • ACCELL GROUP

TABLE LIST

TABLE 1: MARKET SNAPSHOT – MICRO MOBILITY

TABLE 2: GLOBAL MICRO MOBILITY MARKET, BY REQUIREMENT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 3: GLOBAL MICRO MOBILITY MARKET, BY REQUIREMENT, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 4: GLOBAL MICRO MOBILITY MARKET, BY LOCATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 5: GLOBAL MICRO MOBILITY MARKET, BY LOCATION, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 6: GLOBAL MICRO MOBILITY MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 7: GLOBAL MICRO MOBILITY MARKET, BY APPLICATION, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 8: GLOBAL MICRO MOBILITY MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 9: GLOBAL MICRO MOBILITY MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 10: UNITED STATES MICRO MOBILITY MARKET, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 11: UNITED STATES MICRO MOBILITY MARKET, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 12: CHINA MICRO MOBILITY MARKET, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 13: CHINA MICRO MOBILITY MARKET, FORECAST YEARS, 2021-2026 (IN $ MILLION)

FIGURES LIST

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: VALUE CHAIN ANALYSIS

FIGURE 6: GLOBAL MICRO MOBILITY MARKET, GROWTH POTENTIAL, BY REQUIREMENT, IN 2020

FIGURE 7: GLOBAL MICRO MOBILITY MARKET, BY UNDER 2 MILES, 2021-2026 (IN $ MILLION)

FIGURE 8: GLOBAL MICRO MOBILITY MARKET, BY 2-5 MILES, 2021-2026 (IN $ MILLION)

FIGURE 9: GLOBAL MICRO MOBILITY MARKET, GROWTH POTENTIAL, BY LOCATION, IN 2020

FIGURE 10: GLOBAL MICRO MOBILITY MARKET, BY ROADS, 2021-2026 (IN $ MILLION)

FIGURE 11: GLOBAL MICRO MOBILITY MARKET, BY TRACKS (SHARED PATHS), 2021-2026 (IN $ MILLION)

FIGURE 12: GLOBAL MICRO MOBILITY MARKET, BY FOOTPATH, 2021-2026 (IN $ MILLION)

FIGURE 13: GLOBAL MICRO MOBILITY MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020

FIGURE 14: GLOBAL MICRO MOBILITY MARKET, BY PRIVATE, 2021-2026 (IN $ MILLION)

FIGURE 15: GLOBAL MICRO MOBILITY MARKET, BY COMMERCIAL, 2021-2026 (IN $ MILLION)

  1. MARKET BY REQUIREMENT
    • UNDER 2 MILES
    • 2 -5 MILES
  2. MARKET LOCATION
    • ROADS
    • TRACKS (SHARED PATHS)
    • FOOTPATH
  3. MARKET BY APPLICATION
    • PRIVATE
    • COMMERCIAL
  4. GEOGRAPHICAL ANALYSIS
    • UNITED STATES
    • CHINA

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