Micro-mobility Market Growth Potential & Forecast, 2032

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Micro-mobility Market Trends, Analysis
Forecast, 2032
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• Industry Insights

• Micro-mobility Market is projected to cross USD
  231.1 Million by 2032. The rising demand for
  sustainable transportation solutions is spurring
  multiple authorities and municipalities to invest
  heavily in enhancing urban infrastructure to
  accommodate and promote the adoption of
  micro-mobility services. With the increasing need
  for efficient solutions, new entrants are funding
  the development of innovative micro-mobility
  vehicles and services to capitalize on the
  expanding market opportunities, adding impetus to
  the industry growth. For instance, in September
  2022, Magna, entered the rapidly developing
  micro-mobility sector by investing 77 million in
  Yulu, India's largest electric shared mobility
  provider.

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• Based on propulsion, the pedal assist
  micro-mobility market is set to foresee
  significant growth between 2023 and 2032.
  Pedal-assist bicycles offer efficient and
  sustainable transportation option for
  short-distance commuting and recreational
  activities due to their combination of manual
  pedaling and electric motor assistance.
  Additionally, the increasing focus on
  environmental conservation and physical
  well-being is amplifying the demand for
  pedal-assist bicycles, further fostering their
  integration into urban mobility solutions.
• Micro-mobility market from the hoverboard type
  segment is projected to witness optimum demand
  between 2023 and 2032 driven by the surging
  preference for last-mile connectivity solutions
  and the higher emphasis on eco-conscious
  commuting in urban environments. Hoverboards have
  gained popularity as convenient and trendy
  personal transportation options due to their
  compact size, ease of use, and eco-friendly
  electric propulsion.

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• Regional Analysis

Europe micro-mobility industry is poised to
record robust growth between 2023 and 2032
attributed to the increasing focus on sustainable
transportation solutions and urban mobility
initiatives. Furthermore, with the increasing
emphasis on sustainable transportation solutions,
several regional market players are strategically
investing in the development of diverse
micro-mobility services, including e-scooters,
bicycles, and electric mopeds. The growing
partnerships with local governments and
transportation authorities for enhancing
accessibility and promoting the adoption of
micro-mobility options will also add to the
industry growth. For instance, in August 2022,
Voi, launched its operations in Europe's 100th
city, for providing residents and tourists with
sustainable means of urban transportation.

• Competitive Analysis

• Jetson, Go Trax, Gyroor, FOCUS BIKES GMBH,
  Brompton Bicycle Ltd., Giant Bicycles, Halo
  Board, Yamaha Motors, and Micro Mobility Systems
  AG

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