The global micro-mobility market size was valued at USD 25.42 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 13.7% from 2021 to 2028. Micro-mobility is an evolving field of transportation that includes travel undertaken using a range of light vehicles such as electric kick scooters, electric skateboards, and electric bicycles.
The increasing greenhouse gas emissions have led to the implementation of several initiatives to reduce climate change, enabling policymakers to place hopes on electric vehicles. This has led to the enactment of an action plan for climate change to reduce the emissions from transportation by adopting sustainable and eco-friendly transportation alternatives such as public transport and electric vehicles. Furthermore, the rising investments in clean energy and the initiatives undertaken by governments for curbing CO2 emissions are expected to boost the demand for electric kick scooters, electric skateboards, and electric bicycles.
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. However, with increasing advancements in technology and growing demand for these batteries, the price of Li-ion batteries is reducing. The cost of lithium-ion batteries is expected to reduce annually by 6.5% over the next decade, thus directly impacting the price of electric vehicles. Therefore, the segment is expected to grow swiftly over the forecast period.
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Top Key Players studied in Global Podcasting Market:
Yadea Technology Group Co., Ltd.
JIANGSU XINRI E-VEHICLE CO., LTD.
Xiaomi
SEGWAY INC.
SWAGTRON
Boosted USA
Airwheel Holding Limited
YAMAHA MOTOR CO., LTD.
Product Segment Analysis:
Electric Kick Scooters
Electric Skateboards
Electric Bicycles
Application Segment Analysis:
- Application 1
Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.
The data collected comes from a variety of services, including both primary and secondary sources. The data also includes a list of various factors that positively or negatively influence the Micro-mobility market. The data has undergone SWOT analysis, which can be used to accurately predict the various parameters used to measure the company's growth. Along with the various weaknesses faced by the company, the strengths are included in the report along with a comprehensive analysis of the various threats and opportunities that can be exploited.
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Research objectives:
• To study and analyze the Micro-mobility Market size by product type, application and key regions/countries history data from 2016 to 2020, and forecast to 2027.
• To understand the structure of the Micro-mobility Market by identifying its various sub-segments.
• Focuses on the Micro-mobility Market players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Micro-mobility Market with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market.
• To project the size of Micro-mobility Market, with respect to key regions.
• To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
KEY aspects covered in the report include:
1. The market size and industry growth rate of the global and regional market across various segments
2. The region or the sub-segment that is expected to drive the Micro-mobility market in the forecast period 2020-2026
3. Key companies operating in the global Micro-mobility market and their market share
4. The Factors that are estimated to drive the Micro-mobility Market growth
5. Key opportunities in the Micro-mobility market
6. Key technological advancements and market trends that shape the market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
