Micro-mobility: Introduction
- Micro-mobility
is a mode of transportation that use very light vehicles, including
electric scooters, shared bicycles, pedelec, electric skateboard,
bicycles, etc. Gross weight of vehicles under this category is less than
500 kg.
- Micro-mobility
vehicles are used for short duration travel, mainly for first or last mile
of a journey. Miniaturization of transport modes for shorter journeys considered
under micro-mobility. Requirement of motor, availability for shared
services, and usage as primary utility are some additional conditions for
micro-mobility.
Key Drivers of Global Micro-mobility Market
- Nearly
60% of car trips across the world are less than 8 kilometers and offer
growth opportunities for the micro-mobility market
- Compact,
lightweight, less payload capacity, electric or human-powered powertrain,
and limited number of passengers are some of the important features of
micro-mobility vehicles. These are expected to be key factors driving the
global micro-mobility market during the forecast period.
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- Investments
in micro-mobility mode of transportation by several key players and
governments across the globe likely to augment the micro-mobility market growth.
For instance, private and public stakeholders in China have invested more
than US$ 5 Bn since 2015 in micro-mobility start-ups.
- Rapidly
growing demand for shared mobility solutions, including ridesharing,
e-hailing, and car sharing in urban areas is likely to fuel the
micro-mobility market growth
Battery Electric Vehicle Segment to Offer Attractive
Opportunities
- Vehicle
emission contributes majorly to the rising levels in global warming gases,
including CO2, NOx, and several others
- Deterioration
of environment is a major concern across the globe especially. The
European Union has mandated several norms and regulations on vehicles and
transportation to reduce vehicle emissions.
- Electric
vehicles, also termed as zero-emission vehicles, help in reducing vehicle
emission. Hence, the demand for battery electric vehicles for
micro-mobility is growing at a rapid pace.
Privacy and Stringent Government Norms to Hamper Market
- Sharing
a ride is a primary application of micro-mobility that results in loss of
privacy of passengers traveling. Hence, a large number of costumer do not
prefer ride sharing.
- Several
countries across the globe, including Japan and Germany have banned
ride-sharing services, owing to heavy protest from local taxi service
operators
Key Players Operating in Global Market
The global micro-mobility market is highly fragmented with
top manufacturers accounting for approximately 20%–25% of the market share.
Some of the key players operating in the global micro-mobility market are:
Marble, Easymile SAS, Skip
Transportation, Spin Scooters, Sway Mobility, Floatility GmbH, Beijing Mobike
Technology Co. Ltd., Bird Rides Inc., LimeBike, Rydies, Segway Inc., Dynamic
Bicycles, Scoot Network, Zagster, Grubhub, Postmates, Uber, Ola, DoorDash, Zomato,
Micro Mobility Systems, GoJek, GoBike
Global Micro-mobility Market: Research Scope
Global Micro-mobility Market, by Requirement Type
- First
and Last Mile Trips
- Short
Distance Trips
Global Micro-mobility Market, by Location
- Tracks
- Roads
- Footpaths
Global Micro-mobility Market, by Application
- Commercial
- Private
Global Micro-mobility Market, by Autonomy Level
- Manual
- Semi-autonomous
- Autonomous
Global Micro-mobility Market, by Power Source
- Man-powered
- Fuel-powered
- HEV
- PHEV
- BEV
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