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Global Micro mobility Market to reach USD 214.57 billion by the end of 2030.

Global Micro mobility Market Size study & Forecast, by Propulsion Type (Human Powered and Electrically Powered), by Vehicle Type (E-kick scooters, Bicycles, Skateboards, Hoverboard, Low Speed EVs, Others) by Sharing Type (Docked and Dock-less) by Age Group (15-34, 35-54, 55 and above) and Regional Analysis, 2023-2030

Product Code: ALTPCV-32753644
Publish Date: 4-08-2023
Page: 200

Global Micro mobility Market is valued approximately at USD 59.46 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 17.4% over the forecast period 2023-2030. Micro mobility encompasses a variety of compact and lightweight transportation options designed for short-distance commutes, typically covering distances of up to 10 kilometers. This category includes a diverse range of vehicles like bicycles, e-bikes, electric scooters, electric skateboards, shared bicycles, electric pedal-assisted bicycles, and more. These modes of transportation are characterized by their speed limit of 15 miles per hour (25 km/h) or less. The global micro mobility market is witnessing expansion attributed to the worldwide advancement of smart cities and vehicle infrastructure. Growth is propelled by various factors, including the rising demand for on-demand transportation services, government efforts to promote smart city initiatives, and increased venture capital investments. Also, the preference for carpool and bike pool services among office commuters contributes to the growth of ride-hailing and ride-sharing services.

The growing preference for bicycles as a convenient and affordable mode of transportation for short trips has resulted in an upsurge in the demand for micro mobility solutions. This increased demand for bicycles is a significant factor driving the market growth of micro mobility. According to Statista, the global bicycle sales are anticipated to experience substantial growth, nearly doubling from 2021 to 2027. With a market value of USD 38.4 billion in 2021, the bicycle industry is expected to continue its upward trajectory, reaching a projected value of USD 73.85 billion by 2027. Additionally, intelligent transportation system and supportive government initiatives for the development of bike-sharing infrastructure are expected to create numerous opportunities for the growth of the global micro mobility market across the globe. However, low internet penetration rate in developing regions stifles the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Micro mobility Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the expanding urban population, presence of key market players and the improved infrastructure of cities, which in turn promotes the use of public transportation. Asia Pacific is expected to fastest growing significantly during the forecast period, owing to increasing demand for vehicles across various sectors, cohesive government initiatives for smart cities, and rising preference for bicycles as a convenient and affordable mode of transportation.
Major market player included in this report are:
Beam Mobility Holdings PTE. Ltd
Bird Global Inc.
DOTT Services Ltd.
Electric feel
Floatility GmbH
Lime Chemicles Ltd.
Neuron Energy Pvt Ltd.
VOI Technology
Yulu Bikes Pvt. Ltd
Recent Developments in the Market:
Ø In August 2022, Bird Global, Inc. has announced its expansion into several new cities across the United States. The company has revealed plans to enhance their shared e-mobility programs in cities such as San Diego, California; Memphis, Tennessee; Newark, New Jersey; Durham, North Carolina; and Louisville, Kentucky.
Ø In March 2022, Lime has partnered with Aspiration, a “sustainability as a service” platform, to provide riders with an effortless means to combat climate change. This collaboration enables Lime to actively contribute to decarbonization efforts by funding the planting of a tree through Aspiration’s reforestation initiative for every ride taken. The partnership aligns Lime’s mission with sustainable practices and supports their commitment to reducing carbon emissions.
Global Micro mobility Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Propulsion Type, Vehicle Type, Sharing Type, Age Group, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Propulsion Type:
Human Powered
Electrically Powered
By Vehicle Type:
E-kick scooters
Low Speed EVs
By Sharing Type:
By Age Group:
55 and above
By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Micro Mobility Market, by region, 2020-2030 (USD Billion)
1.2.2. Micro Mobility Market, by Propulsion Type, 2020-2030 (USD Billion)
1.2.3. Micro Mobility Market, by Vehicle Type, 2020-2030 (USD Billion)
1.2.4. Micro Mobility Market, by Sharing Type, 2020-2030 (USD Billion)
1.2.5. Micro Mobility Market, by Age Group, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Micro Mobility Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Micro Mobility Market Dynamics
3.1. Micro Mobility Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing development of smart cities and vehicle infrastructure Growing popularity of on-demand transportation services
3.1.2. Market Challenges Low rate of internet penetration Increase in bike stealing or damage
3.1.3. Market Opportunities Growing intelligent transportation system Supportive government initiatives for the development of bike-sharing infrastructure
Chapter 4. Global Micro Mobility Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Micro Mobility Market, by Propulsion Type
5.1. Market Snapshot
5.2. Global Micro Mobility Market by Propulsion Type, Performance – Potential Analysis
5.3. Global Micro Mobility Market Estimates & Forecasts by Propulsion Type 2020-2030 (USD Billion)
5.4. Micro Mobility Market, Sub Segment Analysis
5.4.1. Human Powered
5.4.2. Electrically Powered
Chapter 6. Global Micro Mobility Market, by Vehicle Type
6.1. Market Snapshot
6.2. Global Micro Mobility Market by Vehicle Type, Performance – Potential Analysis
6.3. Global Micro Mobility Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
6.4. Micro Mobility Market, Sub Segment Analysis
6.4.1. E-kick scooters
6.4.2. Bicycles
6.4.3. Skateboards
6.4.4. Hoverboard
6.4.5. Low Speed EVs
6.4.6. Others
Chapter 7. Global Micro Mobility Market, by Sharing Type
7.1. Market Snapshot
7.2. Global Micro Mobility Market by Sharing Type, Performance – Potential Analysis
7.3. Global Micro Mobility Market Estimates & Forecasts by Sharing Type 2020-2030 (USD Billion)
7.4. Micro Mobility Market, Sub Segment Analysis
7.4.1. Docked
7.4.2. Dock-less
Chapter 8. Global Micro Mobility Market, by Age Group
8.1. Market Snapshot
8.2. Global Micro Mobility Market by Age Group, Performance – Potential Analysis
8.3. Global Micro Mobility Market Estimates & Forecasts by Age Group 2020-2030 (USD Billion)
8.4. Micro Mobility Market, Sub Segment Analysis
8.4.1. 5-34
8.4.2. 35-54
8.4.3. 55 and above
Chapter 9. Global Micro Mobility Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Micro Mobility Market, Regional Market Snapshot
9.4. North America Micro Mobility Market
9.4.1. U.S. Micro Mobility Market Propulsion Type breakdown estimates & forecasts, 2020-2030 Vehicle Type breakdown estimates & forecasts, 2020-2030 Sharing Type breakdown estimates & forecasts, 2020-2030 Age Group breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Micro Mobility Market
9.5. Europe Micro Mobility Market Snapshot
9.5.1. U.K. Micro Mobility Market
9.5.2. Germany Micro Mobility Market
9.5.3. France Micro Mobility Market
9.5.4. Spain Micro Mobility Market
9.5.5. Italy Micro Mobility Market
9.5.6. Rest of Europe Micro Mobility Market
9.6. Asia-Pacific Micro Mobility Market Snapshot
9.6.1. China Micro Mobility Market
9.6.2. India Micro Mobility Market
9.6.3. Japan Micro Mobility Market
9.6.4. Australia Micro Mobility Market
9.6.5. South Korea Micro Mobility Market
9.6.6. Rest of Asia Pacific Micro Mobility Market
9.7. Latin America Micro Mobility Market Snapshot
9.7.1. Brazil Micro Mobility Market
9.7.2. Mexico Micro Mobility Market
9.8. Middle East & Africa Micro Mobility Market
9.8.1. Saudi Arabia Micro Mobility Market
9.8.2. South Africa Micro Mobility Market
9.8.3. Rest of Middle East & Africa Micro Mobility Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Beam Mobility Holdings PTE. Ltd Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Bird Global Inc.
10.3.3. DOTT Services Ltd
10.3.4. Electric feel
10.3.5. Floatility GmbH
10.3.6. Lime Chemicals Ltd.
10.3.7. Neuron Energy Pvt Ltd.
10.3.8. VOI Technology
10.3.9. Yulu Bikes Pvt. Ltd
10.3.10. Zagster
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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