Revolutionizing Urban Mobility: Exploring the Micromobility Market

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Micromobility Market Size, Share, Growth,
Development and Demand Forecast to 2030
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The micromobility market was valued at 3,060
million in 2021, and it is set to reach 10,351
million by 2030, growing at a CAGR of 14.5
between 2021 and 2030, according to a research
report by a market research company PS
Intelligence. This can be credited to the
constant enhancements in smart cities and the
automotive infrastructure globally, increasing
number of micromobility vehicles with several
benefits, including compact size, ease to use,
low weight, and increasing need for ridesharing
in tier 1 cities. In 2021, the bike-sharing
category held the largest revenue share of
approximately 68.4, and will continue its
dominance in the years to come. This can be
attributed to the extensive use of such services
in the APAC region as these services are
cost-effective and environment-friendly mobility
options, enormously helpful in battling the
problem of pollution. To receive free sample
pages of this report_at_ https//www.psmarketresearch
.com/market-analvsis/micromobilitv- market/report-
sample The less traveling cost involved with
sharing a bike is the major contributor to the
growth of the industry. Usually, the revenue
structure of these businesses comes with an
initial fixed charge for unlocking the vehicle is
0.20 for half hour of travel on average, which
is way cheaper than a four-wheeler vehicle
sharing option, like car rental and taxi,
ridesharing. Furthermore, several businesses are
providing subscription-based bike-sharing
services on a monthly, weekly, and daily basis,
which makes travel more cost-efficient for
regular customers. For example, Citi Bike
provides a day pass, three-day pass, and annual
membership to its customers. The kick scooter
sharing category is projected to grow fastest in
the years to come. This growth can be credited to
the role of kick scooters in resolving first-and
last-mile traveling issues worldwide and the huge
investment by venture capitalists, major
investors, and also from automotive stalwart, in
this industry. Inquire before purchase_at_
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irv-url micromobilitv-market In 2021, North
America had the larger revenue share of the kick
scooter sharing industry, and it is projected to
continue its dominance in the future. The reason
for the growth of this industry in this region is
the increasing number of startups and growing
expenditure by several venture capitalists, with
large automobile players.
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PRESCIENT STRATEGIC INTELLIGENCE Where
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Technological enhancements are mainly responsible
for the development of the scooter sharing
industry across the globe, as such services are
solely reliant on technology for back-end
functioning, to enable customers to access the
rides 24x7. The scooter-sharing services are
mainly provided through mobile apps, where the
providers and the users connect for doing
payments, booking rides, and parking
vehicles. Hence, the constant enhancements in
smart cities and the automotive infra globally,
an increasing number of micromobility vehicles
with several benefits, will drive the
micromobility market in the future.
The research offers market size of the
Micromobility Market for the period 2017
-2030. Market Segmentation by Service Type
Bike Sharing o Station-Based o Dock-Less By
region o North America - U.S. and Canada o Europe
- U.K., Italy, Germany, Netherlands, Spain,
France, Finland, and Rest of Europe o
Asia-Pacific (APAC) - China, Singapore, India,
Thailand, and Rest of APAC o Latin America,
Middle East, and Africa (LAMEA) - Mexico, Brazil,
U.A.E., and Rest of LAMEA Kick Scooter
Sharing o First and Last-Mile o Multimodal
By region o North America - U.S. and Canada o
Europe - Spain, France, Belgium, Switzerland,
Austria, and Rest of Europe o APAC - Singapore,
Malaysia, Thailand, and Rest of APAC o LAMEA -
Mexico, Brazil, Colombia, and Rest of LAMEA
Scooter Sharing o One-Way o Round By
region o North America - U.S. and Canada o Europe
- Italy, Germany, Netherlands, Spain, France,
Austria, Portugal, Poland, Belgium, Switzerland,
and Rest of Europe o APAC - China, India, Taiwan,
and Rest of APAC
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o LAMEA - Mexico, Brazil, and Rest of LAMEA
Market Segmentation by Region North
America Europe APAC LAMEA
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