The worldwide Micro-mobility market measurement is anticipated to achieve USD 72.6 billion by 2030 and is anticipated to increase at a CAGR of 17.7% from 2021 to 2030.
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Growth Factors
The growing carbon emission by traditional fuel-based vehicles has been a key concern for government authorities. The sustainability move toward smart cities is one of the key factors responsible for the adoption of eco-friendly and cost-effective transportation. Since the electric kick scooters, electric bicycles, and electric skateboards run on batteries, there are no carbon or gaseous emissions from these vehicles. This mode of transportation is gaining popularity amongst environmentally conscious commuters. Adopting such eco-friendly vehicles not only reduces the carbon and sulfur emissions in the atmosphere but also decreases fuel consumption. Furthermore, these vehicles use ultra-quiet chains for operating the electric motor, thereby facilitating noise-free rides.
Report Coverage
| Report Scope | Details |
| Market Size | USD 72.6 billion by 2030 |
| Growth Rate | CAGR of 17.7% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Vehicle type, Battery, Voltage |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Yadea Technology Group Co., Ltd.; JIANGSU XINRI E-VEHICLE CO., LTD.; Xiaomi; SEGWAY INC.; SWAGTRON; Boosted USA; Airwheel Holding Limited; YAMAHA MOTOR CO., LTD.; Accell Group; Derby Cycle |
Report Highlights
Based on vehicle type, the micro-mobility market is segmented into electric kick scooters, electric skateboards, and electric bicycles. The electric bicycles segment dominated the market in 2020 and accounted for more than 8% of the global revenue. The segment is projected to register a CAGR of over 14.8% over the forecast period as they are the most affordable and convenient alternatives to public transportation.
The electric kick scooters segment is anticipated to record the second-highest CAGR of 10.5% over the forecast period. The demand for these scooters has increased since 2017 owing to large investments by players in the electric scooter-sharing market as it is still in the transition phase.
Based on battery, the market is segmented into sealed lead acid battery, Nickel-Metal Hydride (NiMH) battery, and Lithium-ion (Li-ion) battery. The sealed lead-acid battery segment dominated the market in 2020 and accounted for more than 55.0% of the global revenue. The segment is projected to register a CAGR of over 12.10% over the forecast period.
The growing awareness of adopting eco-friendly batteries for their better performance, over sealed-lead acid and NiMH batteries has boosted the demand for Li-ion batteries. Since these batteries are high priced compared to the other two battery types, their adoption has resulted in an increased price of electric vehicles in the emerging markets.
Based on voltage, the market is segmented into below 24V, 36V, 48V, and greater than 48V. The below 24V segment dominated the market in 2020 and accounted for more than 75.0% of the global revenue. It is anticipated to continue to dominate the market over the forecast period.
The 36V segment is anticipated to register the highest CAGR of 17.0% over the forecast period. The integration of 36V systems in electric vehicles not only increases the distance range but also improves the performance of the vehicle.
The Asia Pacific region dominated the market in 2020 and accounted for over 48.0% share of the global revenue. Most players manufacturing micro-mobility vehicles operate in Asia Pacific, Europe, and North America regions. These players generate revenue by selling their products internationally, either through their distribution channels or through the OEM channel.
Consumer demographic features vary among different regions. Electric kick scooter drivers from North America and Europe tend to perceive electric kick scooters more as a lifestyle while those from Latin America, Middle East and Africa, and Asia Pacific use electric kick scooters more as practical transportation means.
Key Players
- Yadea Technology Group Co., Ltd.
- JIANGSU XINRI E-VEHICLE CO., LTD.
- Xiaomi
- SEGWAY INC.
- SWAGTRON
- Boosted USA
- Airwheel Holding Limited
- YAMAHA MOTOR CO., LTD.
- Accell Group
- Derby Cycle
Market Segmentation
- Vehicle Type
- Electric Kick Scooters
- Electric Skateboards
- Electric Bicycles
- Battery
- Sealed Lead Acid
- NiMH
- Li-ion
- Voltage
- Below 24V
- 36V
- 48V
- Greater than 48V
- Regional Outlook (Revenue, USD Million, 2018 – 2028)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Micro-mobility Market, By Vehicle Type
7.1. Micro-mobility Market, by Vehicle Type, 2021-2030
7.1.1. Electric Kick Scooters
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Electric Skateboards
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Electric Bicycles
7.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Micro-mobility Market, By Battery
8.1. Micro-mobility Market, by Battery, 2021-2030
8.1.1. Sealed Lead Acid
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. NiMH
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Li-ion
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Micro-mobility Market, By Voltage
9.1. Micro-mobility Market, by Voltage, 2021-2030
9.1.1. Below 24V
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. 36V
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. 48V
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Greater than 48V
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Micro-mobility Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.1.2. Market Revenue and Forecast, by Battery (2017-2030)
10.1.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Battery (2017-2030)
10.1.4.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Battery (2017-2030)
10.1.5.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2.2. Market Revenue and Forecast, by Battery (2017-2030)
10.2.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Battery (2017-2030)
10.2.4.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Battery (2017-2030)
10.2.5.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Battery (2017-2030)
10.2.6.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Battery (2017-2030)
10.2.7.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3.2. Market Revenue and Forecast, by Battery (2017-2030)
10.3.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Battery (2017-2030)
10.3.4.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Battery (2017-2030)
10.3.5.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Battery (2017-2030)
10.3.6.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Battery (2017-2030)
10.3.7.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4.2. Market Revenue and Forecast, by Battery (2017-2030)
10.4.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Battery (2017-2030)
10.4.4.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Battery (2017-2030)
10.4.5.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Battery (2017-2030)
10.4.6.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Battery (2017-2030)
10.4.7.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.5.2. Market Revenue and Forecast, by Battery (2017-2030)
10.5.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Battery (2017-2030)
10.5.4.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Battery (2017-2030)
10.5.5.3. Market Revenue and Forecast, by Voltage (2017-2030)
Chapter 11. Company Profiles
11.1. Yadea Technology Group Co., Ltd.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. JIANGSU XINRI E-VEHICLE CO., LTD.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Xiaomi
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. SEGWAY INC.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. SWAGTRON
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Boosted USA
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Airwheel Holding Limited
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. YAMAHA MOTOR CO., LTD.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Accell Group
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Derby Cycle
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
Glossary of Terms
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