The Micro Mobility Global Market Report 2023, provides comprehensive information on the micro mobility market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Micro Mobility Global Market Report 2023, the global micro-mobility market size is expected to grow from $43.85 billion in 2022 to $52.31 billion in 2023 at a compound annual growth rate (CAGR) of 19.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global micro-mobility market size is expected to grow to $102.14 billion in 2027 at a CAGR of 18.2%.
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Product innovations have emerged as key trends gaining popularity in the market for micro-mobility. Major companies operating in the micro-mobility market are developing innovative products featuring technologies to gain a competitive edge in the market. For instance, in January 2022, LIME, a US-based shared micro-mobility company launched the Gen4 E-bike, which is an electric bike with a swappable, interchangeable battery. Some of its unique features include increased motor power, a mobile-phone holder, a handlebar with display mirroring, an automatic two-speed transmission, and a modular design.
The micro mobility market is segmented:
1) By Type: Bicycles, E-Bikes, E-Kick Scooters, Other Types
2) By Speed: Up To 25 Kmph (kilometres per hour), 25-45 Kmph (kilometres per hour)
3) By Propulsion: Human Powered, Electrically Powered
4) By Sharing Type: Docked, Dock-Less
5) By Ownership: Business To Business, Business To Consumers
Asia-Pacific was the largest region in the micro mobility market in 2022.
The table of contents in TBRC’s micro mobility market report includes:
1. Executive Summary
2. Micro-Mobility Market Characteristics
3. Micro-Mobility Market Trends And Strategies
4. Micro-Mobility Market – Macro Economic Scenario
5. Micro-Mobility Market Size And Growth
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26. Africa Micro-Mobility Market
27. Micro-Mobility Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Micro-Mobility Market
29. Micro-Mobility Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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