The global Micro-mobility market size is expected to reach USD 69.32 billion by 2028, registering a CAGR of 13.7%, from 2021 to 2028, according to a study conducted by Grand View Research, Inc. The growing carbon emission by traditional fuel-based vehicles has been a key concern for government authorities. The sustainability move toward smart cities is one of the key factors responsible for the adoption of eco-friendly and cost-effective transportation. Since the electric kick scooters, electric bicycles, and electric skateboards run on batteries, there are no carbon or gaseous emissions from these vehicles. This mode of transportation is gaining popularity amongst environmentally conscious commuters. Adopting such eco-friendly vehicles not only reduces the carbon and sulfur emissions in the atmosphere but also decreases fuel consumption. Furthermore, these vehicles use ultra-quiet chains for operating the electric motor, thereby facilitating noise-free rides.
The
market growth can be attributed to the growth of the shared micro-mobility
service industry across the world, which has spurred the demand for electric
kick scooters, electric bicycles, and electric skateboards. Companies such as
Bird Rides, Inc.; Lime; Spin; and Uber Technologies Inc. offering electric
scooter-sharing services, are procuring electric kick scooters mainly from
manufacturers such as Ninebot-Segway, Yadea Technology Group Co., Ltd., Jiangsu
Xinri E-Vehicle Co. Ltd., and Xiaomi.
Furthermore,
the penetration of electric kick scooter-sharing services is witnessing an
exponential adoption rate since 2016. Companies such as YoBike and Pony Bikes;
Urbo Solutions and Bleeper Bikes; and Bykeare offering electric bicycle-sharing
services across Europe. The growth of the market can be attributed to the
increasing adoption of scooters and bicycles as the preferred mode of
transportation, especially from the time when electric kick scooters and
electric bicycles entered this market space.
The
Asia Pacific region is expected to emerge as the prominent region with China as
the largest electric kick scooters market owing to the presence of several
electric kick scooter manufacturers such as JIANGSU XINRI E-VEHICLE CO., Air
wheel Holding Limited, Yadea Technology Group Co., Ltd., LTD., and Xiaomi in
China. The country accounted for the largest share of the market in 2020.
Moreover, the regional market growth can be attributed to the increasing need
for reducing carbon emissions and developing technologically advanced and
fast-charging station
Related Press
Release@ Micro-mobility
Market Report
Micro-mobility Market Report Highlights
- The electric
bicycle segment dominated the market in 2020 and is expected to reach USD
62.52 billion by 2028
- The sealed
lead-acid battery segment dominated the market in 2020 and is expected to
reach USD 36.68 billion by 2028
- Asia Pacific
is projected to account for the largest market share and is expected to
reach USD 32.01 billion by 2028
- Some of the
prominent participants in the industry are Yadea Technology Group Co.
Ltd.; JIANGSU XINRI E-VEHICLE CO., LTD.; Xiaomi; SEGWAY INC.; SWAGTRON; Boosted
USA; Airwheel Holding Limited; YAMAHA MOTOR CO. LTD.; Accell Group; and
Derby Cycle
List of Key Players of the Micro-mobility Market
- Yadea
Technology Group Co., Ltd.
- JIANGSU
XINRI E-VEHICLE CO., LTD.
- Xiaomi
- SEGWAY INC.
- SWAGTRON
- Boosted USA
- Airwheel Holding
Limited
- YAMAHA MOTOR
CO., LTD.
- Accell Group
- Derby Cycle
Micro-mobility Market Report Scope
Report Attribute |
Details |
Market size value in 2021 |
USD 28.18
billion |
Revenue forecast in 2028 |
USD 69.32
billion |
Growth Rate |
CAGR of 13.7%
from 2021 to 2028 |
Base year for estimation |
2020 |
Historical data |
2018 - 2019 |
Forecast period |
2021 - 2028 |
Related Reports@
Electric Kick Scooter Market
Micro-mobility Market Segmentation
Grand
View Research has segmented the global micro-mobility market based on vehicle
type, battery, voltage, and region:
Micro-mobility Vehicle Type Outlook (Revenue, USD
Million, 2018 - 2028)
- Electric
Kick Scooters
- Electric
Skateboards
- Electric Bicycles
Micro-mobility Battery Outlook (Revenue, USD Million,
2018 - 2028)
- Sealed Lead
Acid
- NiMH
- Li-Ion
Micro-mobility Voltage Outlook (Revenue, USD Million,
2018 - 2028)
- Below 24V
- 36V
- 48V
- Greater than
48V
Micro-mobility Regional Outlook (Revenue, USD Million,
2018 - 2028)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Mexico
- Middle East
& Africa
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-95196
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment