Micro Mobility Market Analysis and Forecast, 2019-2029

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The global micro mobility market, including market breakdown by requirement type, application type, location type, and region. Herein, the revenue generated from different requirement type (short distance trips and first- and last-mile trips), application type (commercial and private), location type (tracks, roads, and footpaths) and regions {North America, Europe, Asia-Pacific (APAC) and Rest-of-the-World (RoW)} has been tracked to calculate the overall market size in terms of value ($billion). Moreover, the company profile section highlights significant information about the key companies involved along with their financial positions, key strategies, and developmental activities of recent years.

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At its core, micro mobility focuses on the commuters using ridesharing for their trips under five miles or for first- and last-mile connectivity. These trips can be for traveling to work, doing day-time household errands, or travelling to mass transportation stations for on-ward journey. A commuter can enroll in the service via monthly or annual subscription or use it, as and when required by booking via service providers’ platform. This gives the power of choice to a consumer for selecting a service for travel.

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Micro mobility is driven by awareness among the adopting community in developed nations, which understand the need for usage of efficient modes of transportation for traveling a short distance. Micro mobility market scope majorly covers two aspects; private usage (personal transportation) and commercial usage (logistics). Private application is the transportation of people from point A to B, whereas commercial corresponds to logistics service, which brings consumers' needs to their doorstep.

Micro mobility modes offer a large degree of flexibility of driving on roads, footpaths or dedicated tracks built along with the road network in a city. The road network in the developed nations constitutes of a planned layout with dedicated cycle tracks (that can be used for similar types of vehicles) and footpaths. However, the usage of various modes on different locations is subject to the design and application of each mode. The commercial micro mobility market majorly utilizes road network, as it accounts for faster moving vehicles such as motorcycles, mopeds, e-bikes, e-mopeds, and micro electric cars.

Key Companies in the Micro Mobility Market

Some of the key players operating in the micro mobility market are Marble, Easymile SAS, Floatility GmbH, Beijing Mobike Technology Co. Ltd., Bird Rides Inc., Skip Transportation, Spin Scooters, Sway Mobility, LimeBike, Scoot Network, Zagster, Uber, Ola, DoorDash, Grubhub, Postmates, Zomato, Micro Mobility Systems, Rydies, Segway Inc., Dynamic Bicycles, GoJek, and GoBike (Ford).

Related Reports:

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