Global Micro Mobility Market Size, Drivers, Trends

The Micro-mobility Charging Infrastructure Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Micro-mobility Charging Infrastructure Global Market Report 2024, The micro-mobility charging infrastructure market size has grown exponentially in recent years. It will grow from $5.66 billion in 2023 to $7.06 billion in 2024 at a compound annual growth rate (CAGR) of 24.9%. The growth in the historic period can be attributed to business viability and market competition, user experience enhancement, consumer adoption and demand, emergence of micro-mobility services, urbanization and last-mile solutions..

The micro-mobility charging infrastructure market size is expected to see exponential growth in the next few years. It will grow to $16.36 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%. The growth in the forecast period can be attributed to market competitiveness and demand, smart city initiatives, user convenience, environmental concerns, integration with public transport networks.. Major trends in the forecast period include financial viability and roi, urbanization and congestion solutions, environmentally conscious solutions, collaboration with urban planners..

The rising adoption of e-scooters and e-bikes is expected to propel the micro-mobility charging infrastructure market going forward. An electric bike or e-scooter is a conventional bike with an electric motor to assist the action of the pedals, making cycling less stressful or replacing pedalling. The social distancing being the best line of defense against COVID-19, there has recently been a sudden increased demand for personal e-mobility. Furthermore, Climate change and the need to attain net-zero emissions are pushing the global shift to emission-free transportation. These adoptions result in greater production of e-vehicle, thus increasing the demand for micro-mobility charging infrastructure. For instance, in October 2021, Niu Technologies, a China-based electric scooter company, in there third quarter of 2021, e-scooter sales volume was 397, 079 representing a 58.3% year-over-year growth. Furthermore, the YTD (Year-to-date) sales volume in 2021 was 799726. Therefore, the rising adoption of e-scooters and e-bikes will drive the micro-mobility charging infrastructure market.

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The micro-mobility charging infrastructure market covered in this report is segmented –

1) By Type: Wired, Wireless

2) By Vehicle Type: E-Scooters, E-Bikes, E-Unicycles, E-Skateboards

3) By Source: Solar Powered, Battery Powered

4) By End-Users: Residential, Commercial

Technological advancement is the key trend gaining popularity in micro mobility charging infrastructure market. Major companies operating in micro mobility charging infrastructure are focusing on developing new innovative products using technological advancements to improve their offerings and enhance user experience. For instance, in August 2022, Dat Bike, a Vietnam-based provider of electric vehicles launched Dat Charge an ultra-fast charging station for its electric-bikes. Dat Charge cuts EV charging time by charging 100km in 20 minutes as opposed to 60 minutes or more for normal EV charging stations.

The micro-mobility charging infrastructure market report table of contents includes: