Micromobility Market By Type (E-Bike, Bicycles, E-kick Scooters), By Sharing Type (Docked, Dock-less), By Propulsion (Pedal-assisted, Electrically Powered), By Ownership (B2C, B2B), and by Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Micromobility Market was estimated at USD 3.8 billion in 2023-e and will surpass USD 8.5 billion by 2030; growing at a CAGR of 12.2% during 2024 - 2030.

The micromobility market has emerged as a transformative segment within the broader transportation landscape, primarily driven by the increasing demand for sustainable and efficient urban mobility solutions. With a focus on reducing congestion and emissions, micromobility encompasses a range of small, lightweight vehicles that facilitate short-distance travel, including electric scooters, bicycles, e-bikes, and other similar modes of transportation.

As cities become more congested and environmental concerns intensify, micromobility solutions are being increasingly adopted by urban dwellers. This shift is also encouraged by the proliferation of shared mobility services, which have made access to these vehicles more convenient and affordable. The micromobility market is set to reach an estimated valuation of USD 300 billion by 2030, emphasizing its potential to redefine how people navigate urban environments.

Electric Scooters Segment is Fastest Growing Owing to Rising Urban Demand

Among the various subsegments of the micromobility market, electric scooters represent the fastest-growing category. The surge in electric scooter usage can be attributed to their convenience and the growing acceptance of shared electric scooter services across urban landscapes. With features such as easy parking and affordability, electric scooters have become a preferred choice for short commutes, particularly in densely populated cities.

Furthermore, the push for eco-friendly transportation solutions has bolstered the growth of the electric scooter market. Many municipalities are implementing infrastructure improvements, such as dedicated lanes for scooters, which enhances their appeal. The global electric scooter market is anticipated to grow at a remarkable CAGR of over 20% from 2024 to 2030, reflecting a robust demand for clean and efficient mobility options.

E-Bikes Segment is Largest Owing to Versatility and Range

The e-bikes segment holds the largest share in the micromobility market, driven by their versatility and the increasing demand for personal electric transportation solutions. E-bikes cater to a wide demographic, from daily commuters to recreational users, making them an attractive option for a diverse audience. Their ability to provide an extended range compared to traditional bicycles enhances their appeal, particularly for longer commutes or challenging terrains.

The rising emphasis on fitness and healthy lifestyles has also contributed to the popularity of e-bikes. As consumers seek alternatives to conventional vehicles, e-bikes have emerged as a practical solution that encourages physical activity while minimizing environmental impact. The e-bike market is expected to grow steadily, with projections indicating a market value exceeding USD 120 billion by 2030, thereby solidifying its position as a key player in the micromobility landscape.

Shared Mobility Segment is Largest Owing to Increased Adoption

The shared mobility segment stands out as the largest within the micromobility market, primarily due to the widespread adoption of shared services, including bike-sharing and scooter-sharing programs. This segment's growth is fueled by the increasing trend toward collaborative consumption, which allows users to access vehicles on a short-term basis without the burdens of ownership. Cities across the globe are integrating shared mobility solutions into their transportation networks, making them more accessible to the public.

The convenience and flexibility offered by shared mobility options align with urban dwellers' demands for sustainable transportation solutions. Additionally, partnerships between municipal governments and private operators have further propelled the growth of this segment. As a result, the shared mobility market is projected to continue expanding, with a compound annual growth rate (CAGR) of around 18% through 2030, reflecting the growing preference for convenient, cost-effective, and eco-friendly travel options.

North America is the Fastest Growing Region Owing to Technological Adoption

North America has emerged as the fastest-growing region in the micromobility market, primarily driven by technological adoption and a favorable regulatory environment. The region has seen a surge in micromobility solutions, with cities like San Francisco, New York, and Austin leading the charge in adopting electric scooters and e-bikes. The increasing availability of charging infrastructure and the rise of shared mobility services have also contributed to the rapid expansion of the micromobility ecosystem.

Moreover, consumer awareness of environmental issues has prompted many North American cities to invest in micromobility initiatives. This includes not only infrastructure investments but also public awareness campaigns promoting sustainable transportation options. The North American micromobility market is expected to grow at a CAGR of approximately 16% from 2024 to 2030, with forecasts estimating its market size to exceed USD 100 billion by the end of the forecast period.

Leading Companies in the Micromobility Market

The competitive landscape of the micromobility market is characterized by a diverse array of companies striving to capture market share through innovation and strategic partnerships. Key players include:

1. Bird Rides, Inc. - A pioneer in electric scooter-sharing services, Bird has expanded rapidly across various cities, offering a user-friendly app for rentals.
2. Lime - Known for its electric scooters and bikes, Lime has established itself as a leader in shared micromobility solutions globally.
3. Spin - A subsidiary of Ford Motor Company, Spin focuses on providing dockless scooters and innovative transportation solutions in urban areas.
4. Tier Mobility - This European-based company specializes in e-scooter sharing, emphasizing sustainable practices in its operations.
5. Jump Bikes (Uber Technologies, Inc.) - Jump, acquired by Uber, offers electric bikes and scooters, integrating seamlessly with the Uber app for convenient access.
6. GoBike (Motivate) - Operating under various brands, GoBike offers bike-sharing solutions in major cities, emphasizing healthy commuting.
7. Wheels - Wheels focuses on electric bikes designed for short-distance travel, combining functionality with a stylish design.
8. Voi Technology - A leading player in Europe, Voi offers e-scooter sharing services with an emphasis on responsible riding and safety.
9. Dott - Dott operates in multiple European cities, providing e-scooter and e-bike rentals with a focus on sustainability.
10. Circ - A European micromobility provider, Circ specializes in electric scooters, focusing on safety and user experience.

These companies are increasingly investing in technology to enhance user experiences, improve safety measures, and expand their fleets. As competition intensifies, collaborations and partnerships with local governments and tech firms are becoming crucial strategies for market penetration and growth.

Report Objectives:

The report will help you answer some of the most critical questions in the Micromobility Market. A few of them are as follows:

1. What are the key drivers, restraints, opportunities, and challenges influencing the market growth?
2. What are the prevailing technology trends in the micromobility market?
3. What is the size of the micromobility market based on segments, sub-segments, and regions?
4. What is the size of different market segments across key regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa?
5. What are the market opportunities for stakeholders after analyzing key market trends?
6. Who are the leading market players and what are their market share and core competencies?
7. What is the degree of competition in the market and what are the key growth strategies adopted by leading players?
8. What is the competitive landscape of the market, including market share analysis, revenue analysis, and a ranking of key players?

Report Scope: