Micro-mobility Market Growth
Potential & Forecast, 2032

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. Additionally,
the rising technological advancements in battery efficiency and design
improvements are enhancing the safety and performance of hoverboards, further contributing
to the market growth.

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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.  

Jetson, Go Trax, Gyroor, FOCUS BIKES GMBH, Brompton
Bicycle Ltd., Giant Bicycles, Halo Board, Yamaha Motors, and Micro Mobility
Systems AG are among the major companies operating in the micro-mobility market.
These firms are introducing innovative micro-mobility solutions, such as
advanced electric scooters, bicycles, and compact electric vehicles to meet the
increasing demands for sustainable transportation options. For instance, in
September 2023, Yamaha expanded its range of small high-tech drive units with
the introduction of PWseries C2, a new lightweight, adaptable eBike motor to
cater to the urban and commuter markets.

Partial chapters of report table of contents
(TOC):

Chapter
2   Executive Summary

2.1   
Micro-mobility market 360⁰ synopsis,
2018 - 2032

2.2    Business
trends

2.2.1    Total
Addressable Market (TAM), 2023-2032

2.3    Regional
trends

2.4    Type trends

2.5    Propulsion
trends

2.6    Age trends

2.7    Sharing
trends

2.8    Business
model trends

Chapter 3   Micro-mobility Industry Insights

3.1    Impact of
COVID-19

3.2    Impact of
the Russia-Ukraine war

3.3    Industry
ecosystem analysis

3.4    Vendor
matrix

3.5    Profit
margin analysis

3.6    Technology
& innovation landscape

3.7    Patent
analysis

3.8    Key news and
initiatives

3.8.1   
Partnership/Collaboration

3.8.2   
Merger/Acquisition

3.8.3    Investment

3.8.4    Level of
autonomy launch & innovation

3.9    Regulatory
landscape

3.10    Impact
forces

3.10.1    Growth
drivers

3.10.1.1   
Increasing technological advancements in North America

3.10.1.2   
Increasing consumer demand for convenient, on-demand transportation solutions

3.10.1.3    Surge
in investments from startups and established organizations

3.10.1.4    Rising
awareness of environmental issues

3.10.2    Industry
pitfalls & challenges

3.10.2.1    Safety
concerns

3.11    Growth
potential analysis

3.12    Porter’s
analysis

3.13    PESTEL
analysis

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