New York, According to a new market research report published by Global Insight Services “Micro-mobility Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Micro-mobility is a term used to describe small, personal vehicles that are used for short trips. This can include bikes, scooters, and skateboards. Micro-mobility is a growing trend in cities as a way to reduce traffic and pollution.
There are many benefits to micro-mobility. For one, it is a more efficient way to get around. Bikes and scooters can navigate through traffic much easier than cars. They are also more environmentally friendly, as they produce zero emissions.
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Key Trends
There are a few key trends in micro-mobility technology that are worth mentioning. Firstly, there is a trend towards more compact and lightweight vehicles. This is partly due to the fact that people are increasingly using micro-mobility vehicles for commuting and other short journeys, and so they need something that is easy to carry and store.
Secondly, there is a trend towards electric-powered vehicles. This is because electric vehicles are more efficient and have lower running costs than petrol or diesel vehicles. Finally, there is a trend towards connected and autonomous vehicles. This means that vehicles are able to communicate with each other and with infrastructure and that they can be operated without a human driver.
Key Drivers
There are several key drivers of the micro-mobility market. One is the increasing cost of car ownership and operation. This is especially true in urban areas, where the cost of parking, insurance, and fuel can be quite high. Another driver is the increasing congestion on roads and highways. This has led to a search for alternatives to the traditional car commute.
Micro-mobility options, such as electric scooters, offer a more affordable and convenient way to get around. They are also much less likely to contribute to traffic congestion. In addition, many people find micro-mobility options to be more fun and exciting than traditional methods of transportation.
Market Segments
The micro-mobility market report is bifurcated on the basis of propulsion type, vehicle use, sharing type, age group and region. On the basis of propulsion type, it is segmented into human powered and electrically powered. Based on vehicle use, it is analyzed across e-kick scooters, bicycles, skateboards, and others. By sharing type, it is divided into docked and dock-less. By age group it is spread across 15-34, 35-54, 55 and above. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Players
The micro-mobility market report includes players such as Xiaomi, SEGWAY INC., SWAGTRON, Boosted USA, Airwheel Holding Limited, Yamaha Motor Co., Lt., Accell Group, Derby Cycle, Bird Rides, and DOTT.
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Reasons to buy Micro-mobility Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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