#micro-mobility

Scooters help with unwalkable places, but we still need to fix walkability.

This is a photo of e-scooter riders at the Georgia World Congress Center this weekend, on International Boulevard in Downtown. I recently read an article from someone who came to Atlanta for the Superbowl and decided that it was an “unwalkable city,” so he got around Downtown and other neighborhoods mostly by e-scooter instead of walking.

Micro-mobility devices of all kinds are definitely good for quickly getting us past the bleaker landscapes of Atlanta, and I've used my own personal kick scooter for that. It's nice to be able to sail past blank walls, abandoned buildings, and parking facilities so that you don't have to look at them too long. These devices can help cover distances that are scaled primarily for cars rather than for people on foot.

Significant Growth in the Micro Mobility Market Driven by Sustainable Solutions

Meticulous Research®, a globally recognized market research company, has published a comprehensive report titled Micro Mobility Market by Mobility Type, Sharing Type, Speed, End User, and Geography – Global Forecast to 2031. According to the report, the global micro mobility market is anticipated to reach $32.4 billion by 2031, growing at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2031. The primary drivers for this growth include the increasing demand for sustainable transportation solutions, the rising need for first- and last-mile connectivity, and the affordability of micro mobility vehicles. As cities around the world experience increasing traffic congestion and environmental challenges, micro mobility offers an effective solution to reduce reliance on cars in urban areas. Additionally, the growing venture capital investments supporting the emergence of innovative startups are accelerating market growth. However, the market faces some challenges, such as the lack of a standardized regulatory framework.

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Emerging Opportunities and Key Challenges

The report outlines several promising opportunities for the market. Multimodal docking and charging systems, as well as increased government adoption of micro mobility fleets, are expected to provide significant growth avenues for stakeholders. Moreover, the rising popularity of electric bikes (e-bikes) and e-scooters among both consumers and governments is contributing to this positive trend. However, the market also faces challenges such as theft, vandalism, and the need for effective security measures. Despite these obstacles, the integration of Internet of Things (IoT) technology and the rising adoption of micro mobility services in smart cities are key trends that will shape the future of the market. IoT-enabled systems offer improved fleet management, predictive maintenance, and data-driven insights, contributing to operational efficiency and user convenience.

Mobility Type and Speed Segmentation: Key Insights

The micro mobility market is broadly segmented by mobility type into manual and electric categories. In 2024, manual mobility is expected to hold the largest share, representing over 53.0% of the global market. This dominance is attributed to shifting consumer preferences towards more environmentally friendly transportation options, the increasing demand for first- and last-mile transport solutions, and substantial investments in cycling infrastructure. For instance, the French government's $2.2 billion investment plan from 2023 to 2027 aims to double the country’s cycling lanes, promoting manual micro mobility. However, the electric mobility segment is forecast to grow at the highest CAGR during the projection period. The rising popularity of e-bikes and e-scooters, which allow for longer-distance trips with less effort, and the introduction of innovative electric vehicles, such as VeoRide, Inc.'s (U.S.) Apollo e-bike, are driving the growth of this segment.

In terms of speed, the market is divided into two segments: up to 25 km/h and 25 km/h to 50 km/h. In 2024, the up to 25 km/h segment is expected to dominate, largely due to the increasing adoption of compact micro mobility vehicles and their focus on safety, ease of riding, and stability. However, the 25 km/h to 50 km/h segment is anticipated to grow at the highest CAGR, driven by rising demand for faster micro mobility solutions and companies focusing on high-performance vehicles. NIU Technologies (China) recently introduced its BQi-C3 Pro Electric Urban Commuter Bike, which offers a top speed of 28 mph, highlighting this trend.

Sharing Type and End User Segmentation: Analyzing Market Trends

The global micro mobility market is also segmented by sharing type into docked and docked-less services. In 2024, the docked segment is expected to hold the largest share, accounting for over 75.0% of the market. This preference is largely due to the advantages of docked systems, such as vehicle protection against theft and vandalism, and the increasing investment in micro mobility infrastructure in urban areas. For example, Bolt Operations OÜ (Estonia) launched e-scooter charging docks in Estonia in October 2021, promoting sustainable and safe micro mobility in cities. The docked segment is also expected to witness the highest CAGR during the forecast period due to government and municipal efforts to promote micro mobility services.

From an end user perspective, the market is broadly categorized into private and commercial sectors. In 2024, the commercial segment is anticipated to account for over 55.0% of the market, driven by increased adoption of micro mobility solutions by businesses for sustainable transportation. Companies such as Bird Global, Inc. (U.S.) are launching state-of-the-art e-scooters at military bases, such as Barksdale Air Force Base in Louisiana, to enhance eco-friendly commuting options. The commercial segment is projected to grow at the highest CAGR due to the rising use of micro mobility in universities, healthcare centers, and corporate campuses, where convenient and sustainable transportation is increasingly in demand.

Regional Analysis: Europe Leads, but Asia-Pacific Shows Highest Growth Potential

Geographically, the micro mobility market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe is expected to dominate the global market in 2024, with a market share exceeding 37.0%. This is driven by factors such as the growing adoption of e-bikes and e-scooters, city initiatives to reduce car usage, and the focus of foreign companies on expanding sustainable transportation across the region. Bird Global, Inc. (U.S.) has been expanding its operations in countries like Italy, France, and Spain, reinforcing its commitment to urban mobility solutions. Meanwhile, Asia-Pacific is expected to register the highest CAGR of 14.0% during the forecast period. Rapid urbanization, increasing demand for shared micro mobility services, and city governments’ focus on adopting sustainable urban transportation solutions are propelling market growth in this region. For example, in November 2023, Beam Mobility Holdings Pte. Ltd. (Singapore) introduced 300 seated e-scooters for hire across Auckland, New Zealand, underscoring the region’s growing focus on sustainable transportation options.

Conclusion: The Future of Micro Mobility Looks Bright

The micro mobility market is poised for significant growth over the coming years, driven by a combination of technological advancements, urbanization, and a rising demand for sustainable transportation solutions. While challenges such as theft and the need for regulatory clarity remain, the opportunities presented by multimodal systems, electric mobility, and smart city integrations are expected to drive continued innovation and market expansion. As governments, businesses, and consumers increasingly prioritize eco-friendly transport options, the micro mobility market is set to become an integral part of the global urban transportation landscape.

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Key Players:

Some of the key players operating in the micro mobility market are Bird Global, Inc. (U.S.), Lyft, Inc. (U.S.), Neutron Holdings, Inc. (Lime) (U.S.), Dott (Netherlands), Helbiz Italia S.r.l. (Italy), Bolt Operations OÜ (Estonia), Voi Technology AB (Sweden), Superpedestrian, Inc. (U.S.), Beam Mobility Holdings Pte. Ltd. (Singapore), Hello Inc. (China), Niu Technologies (China), VeoRide, Inc. (U.S.), felyx sharing B.V. (Netherlands), Boaz Bikes (U.S.), and CycleHop LLC dba HOPR (U.S.).

Key questions answered in the report-

Which are the high-growth market segments based on mobility type, speed, sharing type, and end user?

What was the historical market for micro mobility?

What are the market forecasts and estimates for the period 2024–2031?

What are the major drivers, restraints, and opportunities in the micro mobility market?

Who are the major players, and what shares do they hold in the micro mobility market?

What is the competitive landscape like in the micro mobility market?

What are the recent developments in the micro mobility market?

What are the different strategies adopted by the major players in the micro mobility market?

What are the key geographic trends, and which are the high-growth countries?

Who are the local emerging players in the global micro mobility market, and how do they compete with the other players?

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Voi says e-scooters are too “heavily regulated” in London and the firm cannot compete with the “largely unregulated rental e-bikes”. Photo: Fitzrovia News. Shared micro-mobility rental firm Voi says it may be forced to withdraw its e-scooters from London’s streets as it has become “financially unsustainable” to operate them. The firm might roll out shared e-bikes instead. In a letter requesting…

A map showing the proposed locations for the bays. Image: Westminster Council. Westminster City Council has detailed its plans to enforce new rules on dockless e-bikes, in a bid to stop them being dumped on pavements. The Labour-run borough plans to create 220 parking bays for the bikes, after locals complained that they were a danger to people with disabilities and visual impairment. Several…

Powered by EIT Urban Mobility, the E+ Mobility Acceleration Programme is once again searching for innovative urban mobility startups that solve challenges related to the fields of energy, micromobility, and shared mobility. Applications are open now and close on April 21! Shaped by the need to transform into more sustainable and innovative societies, urban mobility… This content is for members…

“Visiting Istanbul? Marti Seagulls will take you anywhere you want to go.”

The value of the micro-mobility market in Turkey in 2020 stood at $92.8 million, and it is expected to rise to $14,711.1 million by 2030, demonstrating a 64.5% CAGR between 2021 and 2030.

The signature Turkish technology start-up company Martı is among the leading players operating in the Turkish micro-mobility market, BusinessWire writes.

It was citing the recently published report “Turkey Micromobility Market Research Report: By Type, Model, Sharing System – Industry Analysis and Growth Forecast to 2030”.