How big is the Micro Mobility Market?

The Micro Mobility Market size is expected to reach USD 5.43 billion in 2024 and grow at a CAGR of greater than 12% to reach USD 9.77 billion by 2029. Read More

What is the current Micro Mobility Market size?

In 2024, the Micro Mobility Market size is expected to reach USD 5.43 billion. Read More

Who are the key players in Micro Mobility Market?

Bird Global, Inc., Lyft, Inc., Lime, TIER and Dott are the major companies operating in the Micro Mobility Market. Read More

Which is the fastest growing region in Micro Mobility Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Micro Mobility Market?

In 2024, the North America accounts for the largest market share in Micro Mobility Market. Read More

What years does this Micro Mobility Market cover, and what was the market size in 2023?

In 2023, the Micro Mobility Market size was estimated at USD 4.78 billion. The report covers the Micro Mobility Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Micro Mobility Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Micro Mobility Market Size & Share Analysis - Industry Research Report

Micro Mobility Market Size & Share Analysis - Growth Trends & Forecasts (2024-2029)

The Micro Mobility Market Report is Segmented by Vehicle Type (Electric Kick Scooters, Electric Mopeds, and Electric Bicycles), Battery (Sealed Lead Acid, Nimh, and Li-Ion), Voltage (Below 24V, 36V, 48V, and Greater Than 48V), Sharing Type (Docked and Dockless), and Geography (North America (United States, Canada, and Rest of North America), Europe (Germany, United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and Rest of the World (South America and Middle East and Africa)). The Market Sizes and Forecasts for all the Segments are Offered in Terms of Value (USD).

Micro Mobility Industry Overview

The micromobility market is dominated by a few globally established companies such as Bird Global Inc., Lyft Inc., Lime, TIER, and Dott. Companies are also exploring partnerships with local governments to align with smart city initiatives. Moreover, investments in R&D are leading to advances in battery technology, which is crucial for improving the range and performance of micromobility solutions.

In September 2022, Magna strategically invested USD 77 million in Yulu to launch its entry into the micromobility market. This included setting up a battery-swapping business aimed at enhancing energy solutions for Yulu's fleet of electric bikes in India, which could significantly improve urban mobility efficiency.