[FURL=https://www.industryarc.com/Report/19432/micro-mobility-market.html?utm_source=freeprnow&utm_medium=pressrelease&utm_campaign=paidpressrelease]Micro-mobility Market[/FURL] size was valued at $78.1 billion in 2020, and it is estimated to grow at a CAGR of 18.5% during 2021-2026. Increasing demand in various countries to travel seamlessly a shorter distance mitigating traffic congestion and urban transportation crisis is set to drive the market. The rapid adoption of bicycle sharing system to control the high pollution level in cities have contributed to the growth of Micro Mobility Market.Key Takeaways
The adoption of commercial micro-mobility is rising and is analyzed to be the fastest growing market during 2021-2026 with a CAGR of 9.8% as consumers can easily commute by the two wheel vehicles using a smartphone application rather than depending on traditional transport system which are often stuck in the traffic congestion.
APAC has dominated the micro-mobility market in 2020 and is estimated to account for largest market share of 39% due to its rapid urbanization and North America is estimated to be the fastest growing market during the forecast period 2021-2026.
Battery powered electric scooters are estimated to dominate the market acquiring a share of 8.3% during 2021-2026 due to rising environmental crisis and ease of commuting.
Rapid urbanization and increasing integration of IoTs, AI with micro-mobility is estimated to drive the market.
Lack of infrastructure and regulations is one of the major challenges to impede the market growth during 2021-2026.
Download Sample Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=19432[/FURL]
Micro-mobility Market Segment Analysis - By Geography
By geography, Micro-mobility Market has been segmented under North America, Europe APAC, South America and RoW. APAC dominated the micro-mobility market in 2020 with a share of 39% and is estimated to hold the major market share during the forecast period 2021-2026 owing to its rapidly increasing urbanization. Presence of top manufacturers such as Hyundai, Yamaha and key players of rental services such as as Ofo, HelloBike, Didi, Vogo, Bounce, Yolo in APAC region is also analyzed to drive the adoption of Micro-mobility. Beam, A Singapore based micro-mobility firm has raised USD 26 Million to expand it’s footprint in Malaysia, Taiwan, New Zealand, Korea and Australia.
Micro-mobility Market Drivers
Rapid urbanization
Increasing integration of IoTs, AI into micro-mobility
Micro-mobility Market Landscape
Technology launches, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Micro-mobility market. Micro-mobility top 10 companies include Yamaha Corporation, Hyundai Motor Company, Ofo, HelloBike, Vogo, Bounce, Didi, Marble, Neutron Holding Inc., Bird, Yulu Bikes and others.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.