Micromobility market is anticipated to grow at a significant CAGR of 15.5% during the forecast period. Micromobility is a type of lightweight transportation that is geared for one-on-one use and operate at a speed of not more than 15 miles per hour (25 km/h). Micromobility transportation is mainly focused on urban transportation that weighs less than 500 kgs. It includes electronic scooters and e-bikes, traditional bicycles and scooters, electric skateboards, electric water bikes, and hoverboards. The factors such as rapid industrialization, development of smart cities, and vehicle infrastructure, rising oil and gas prices, and growing initiatives by both public and private stakeholders in favor of eco-friendly means of transportation are primary factors driving the growth of the market. For instance, in May 2022, Neuron pledged to be Carbon Negative by 2025. The company launched its Impact Report titled “Meeting Micromobility’s Potential”, which highlights the positive impact of neurons on the environment, economy, and community. Further, in November 2021, Voi pledged to become climate positive across all its towns and cities by 2030.
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Major regions are discussed here includes Europe, Middle East, Africa, North America, Latin America and Asia Pacific. Target audience has grown fast therefore it is important to understand their needs and nothing is better than referring a good Micromobility Market research report as it covers all the details. Such report allows business owners to well-serve them. Market research also allows enhancing customers’ buying decision and provides detailed information on pricing structure of major regions. Important data collection about the entire market is essential for market growth and Micromobility Market report is the best medium to attain this.
Micromobility Market research report also allows testing novel product features and gathering feedback from target customers. It works as the best guide in the product development. Another key part covered in this Micromobility Market report is it allows making effective communication with customers and understanding competitors in the market. It further aims at providing accurate view of where to stack up in comparison. It provides understanding of position of different competitors in the market to spot out their strengths as well as weaknesses to help key players in addressing them better. Thorough data provided here includes competitive analysis for the estimation period 2022-2028 allows getting actionable insights into a huge amount of data of competitors. Secondary research technique can also be used to collect important market data. Micromobility Market research report refers to the activity of collecting data related to market preferences as well as requirements. It affects each aspect of the business including product, consumer service and the brand. Micromobility Market report also allows following important steps to fulfill the needs and reduce the risk involved in the business. Latest corona virus related details are also shared in this market study report to make aware about current market position and its impact on market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Micromobility Market Report Segment
By Type
- Electric Kick Scooters
- Electric Skateboards
- Electric Bicycles
By Battery Type
- Lead-acid
- Nicked Metal
- Hydride
- Lithium-Ion
Global Micromobility Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global micromobility market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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