Micromobility Market Size, Trends, Share, Growth, and Opportunity Forecast, 2023 - 2030 Global Industry Analysis By Vehicle Type (Electric Scooters, Electric Bicycles, Electric Skateboards), By Rental Model (Dockless, Station-based), By End User (Commuters, Tourists, Leisure) and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

The Global Micromobility Market is expected to expand at a CAGR of 16.5% between 2023 and 2030. The term "micromobility" describes a quickly expanding market category that includes, among other things, electric scooters, bicycles, and hoverboards. These vehicles, which have rapidly gained popularity in recent years, provide a practical and environmentally efficient way to travel short distances in metropolitan settings. The distinctive and varied uses of micromobility may be observed in a number of industries, including last-mile deliveries, personal transportation, urban commuting, and tourism. Electric scooters and bicycles are in high demand in the personal transportation market segment since they provide a practical and affordable substitute for more conventional forms of mobility. Conversely, urban commuting has embraced micromobility as a means of addressing clogged roads, lowering traffic and carbon emissions, and offering urban dwellers a practical and reasonably priced form of transportation. As a result, bike- and scooter-sharing programs have expanded throughout cities globally, establishing micromobility as an essential element of smart cities and sustainable urban development. Utilizing the potential of micromobility, last-mile delivery businesses have also adopted electric scooters and bicycles to enable quick and effective deliveries in metropolitan areas. These cars can maneuver through clogged roadways, which speeds up deliveries and increases client pleasure.

Micromobility Market Major Driving Forces

Growth of Bike-Sharing Services: As more individuals look for alternative forms of transportation, bike-sharing services are anticipated to grow in both urban and rural locations.

Growing Adoption of E-Bikes: As more individuals look for more environmentally friendly short-distance transportation options, it is anticipated that the use of electric bikes will increase.

The Emergence of Multimodal Services: Businesses are providing services that combine electric scooters, bicycles, and public transportation.

Integration with Public Transportation: In order to give passengers smooth connectivity, micromobility services are anticipated to integrate with public transportation networks, such as buses and trains. 

Micromobility Market Key Opportunities

Urban Mobility Solutions: By offering practical, eco-friendly substitutes for conventional forms of transportation such as vehicles and public transportation, micromobility presents chances to address urban transportation issues.

Last-Mile Connectivity: By providing commuters with flexible and affordable ways to get from transit hubs to their ultimate destinations, micromobility solutions such as electric scooters, bicycles, and e-bike, fill the gap in last-mile connectivity.

Sustainable Transportation: The need for sustainable transportation solutions is rising as worries about air pollution and climate change grow. Promoting environmentally friendly transportation options that lower carbon emissions and ease traffic on city streets is made possible by micromobility.

Micromobility Market Key Trends

·         Emergence of electric micromobility vehicles such as e-bikes and e-scooters.

·         Micromobility integration with public transit networks.

·         Shared micromobility services are starting to appear in cities.

·         Growing numbers of people are using station-based and dockless rental schemes.

·         The spread of micromobility to rural and suburban regions.

·         Increasing need for first- and last-mile connectivity micromobility solutions.

·         The construction of micromobility-specific infrastructure, such as bike lanes and scooter parking areas.

·         Technology integration for improved user experience and fleet management.

·         Move toward environmentally friendly forms of transportation.

·         Changes in regulations to handle operational and safety issues in the micromobility industry.

Market Competition Landscape

In the competitive landscape of the micromobility market, numerous companies vie for market share, offering a diverse range of services and solutions tailored to urban transportation needs. Leading players in the industry include established bike-sharing and scooter-sharing operators, as well as startups and technology firms entering the space. Companies such as Lime, Bird, and Spin dominate the electric scooter market, while others such as Jump (owned by Uber) and Lyft focus on bike-sharing and e-bike services. Additionally, traditional bicycle manufacturers and automotive companies have also entered the micromobility space, leveraging their expertise in manufacturing and distribution. Collaboration between micromobility operators, local governments, and transit agencies is becoming increasingly common, as cities seek to integrate micromobility services into their transportation ecosystems. Partnerships with ride-hailing companies and public transit providers further contribute to the competitive landscape, driving innovation and expanding market reach. As the micromobility market continues to evolve, competition intensifies, leading to ongoing advancements in technology, service offerings, and regulatory compliance. Prominent players in the market include:

·         Lime

·         Bird

·         Spin

·         Jump (owned by Uber)

·         Lyft

·         Voi

·         Tier

·         Bolt

·         Dott

·         Beam

·         Scoot

·         Mobike

·         Ofo

·         Cityscoot

·         Citi Bike