Rise in the trend of on-demand transportation services and surge in government initiatives for smart cities drive the growth of the global micromobility market
PORTLAND, Ore., Aug. 18, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Micromobility Market by Propulsion Type (Human Powered and Electrically Powered), Vehicle Type (E-kick Scooters, Bicycles, Skateboards, and Others), Sharing Type (Docked and Dock-less), and Age Group (15-34, 35-54, and 55 and Above): Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the global micromobility industry was estimated at $40.19 billion in 2020, and is anticipated to hit $195.42 billion by 2030, registering a CAGR of 17.4% from 2021 to 2030.
Drivers, restraints, and opportunities-
Rise in the trend of on-demand transportation services, surge in government initiatives for smart cities, and increase in strategic investments drive the growth of the global micromobility market. On the other hand, low rate of internet penetration in the developing regions and surge in bike vandalism & theft restrain the growth to some extent. However, high-end transportation system and rising government initiatives for the development of bike-sharing infrastructure are expected to create lucrative opportunities in the industry.
Download Report (273 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/11737
Rapid spread of the disease led to a negative impact on the global automotive industry, with a downturn in demand for new and old vehicles, especially during the initial period. This, in turn, affected the growth of the micromobility market.
However, the global situation is getting back on track slowly & steadily, and the market is anticipated to revive soon.
Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/11737
The electrically powered segment to dominate by 2030-
Based on propulsion type, the electrically powered segment contributed to more than three-fourths of the global micromobility market share in 2020, and is anticipated to rule the roost by 2030. The same segment would also register the fastest CAGR of 17.9% throughout the forecast period. This is attributed to increased adoption of electrically powered vehicles across the world.
The docked segment to maintain the dominant share-
Based on sharing type, the docked segment accounted for more than three-fifths of the global micromobility market revenue in 2020, and is expected to lead the trail by 2030. The same segment would also grow at the fastest CAGR of 18.0% during the forecast period. This is due to the fact that with the docked sharing option on board, the user is no longer responsible for the bicycle when the trip is finished, thereby minimizing user liability.
Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/micro-mobility-market/purchase-options
Asia-Pacific, followed by Europe and North America garnered the major share in 2020-
Based on region, Asia-Pacific, followed by Europe and North America garnered the major share in 2020, holding more than half of the global micromobility market, owing to increased adoption of advanced transportation across Asian countries. However, the market across LAMEA would cite the fastest CAGR of 25.9% from 2021 to 2030, due to the investments & developments carried out by global companies across the region to support the micromobility infrastructure.
Key players in the industry-
Beam Mobility Holdings
Schedule a FREE Consultation Call with Our Analysts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/11737
Similar Reports We Have on Automotive & Transportation Industry:
Mobility on Demand Market by type (Station-Based, E-Hailing, Car Rental, and Car Sharing), by service type (Information, Navigation, and Payment), by vehicle type (commercial and personal), and by connectivity type, (3G, 4G, 5G, WiFi, V2V, V2I, V2P, and V2N) - Global Opportunity Analysis and Industrial Forecast 2017-2030.
Electric Mobility Scooter Market by Battery Type (SLA, Li-ion, and NiMH), and by Number of Tire (2 Wheeler, 3 Wheeler, 4 Wheeler, and 5 Wheeler) - Global Opportunity Analysis and Industry Forecast, 2017-2030.
Mobility-as-a-Service Market by Organization Size (Large Enterprises and Small & Medium Enterprises), Service Type (E-Hailing, Bike Sharing, Car Sharing, Pop-Up Busses, and Self-Driving Cars), Vehicle Type (Buses, Car, and Air-Flights), Application Type (Personalized Application Services, Dynamic Journey Management, Flexible Payments, Transactions, Journey Planning, and Other), and Business Model (Business-To-Business, Business-To-Consumer, and Peer-To-Peer): Global Opportunity Analysis and Industry Forecast, 2019–2030.
Smart Mobility Market by Element (Bike Commuting, Car Sharing, and Ride Sharing), Solution (Traffic Management, Parking Management, Mobility Management and Others), and Technology (3G & 4G, Wi-Fi, GPS, RFID, Embedded System, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Shared Mobility Market by Service (Ride Hailing, Bike Sharing, Ride Sharing and Car Sharing), Vehicle (Passenger Cars, LCVs, Busses & Coaches and Micro mobility), Business Model (P2P, B2B and B2C) and Power Source (Fuel Powered, Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV) and Battery Electric Vehicle (BEV)): Global Opportunity Analysis and Industry Forecast, 2021–2030.
Car-as-a-service Market by Propulsion Type (IC Powered Vehicle, and Electric Vehicle), End Use (Private, and Corporate), and Vehicle Type (Multi Utility Vehicle (MUV), Sports Utility Vehicle (SUV), Economical Car, Executive Car, and Luxury Car): Global Opportunity Analysis and Industry Forecast, 2021–2030.
Scooter Sharing Market by Trip (One-way trip and Round trip), Booking Mode (Online and Offline): Global Opportunity Analysis and Industry Forecast, 2021–2030.
Car Sharing Market by Model (Peer-to-Peer Car Sharing, Station Based Car Sharing, and Free Floating Car Sharing), Trip Type (Round Trip, and One-Way Trip), Application (Corporate Business, and Private), Vehicle Class (Economy Class, Mid-Range Class, Executive Class, and Luxury Class), and Fuel Type (Battery Electric Vehicle, Hybrid Electric Vehicle, and Internal Combustion Engine Vehicles): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Bike Sharing Market by Bike Type (Traditional/Convectional and E-Bikes), and Sharing System (Docked and Dock-less): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn |
SOURCE Allied Market Research