Micro-Mobility Market Set to Experience a Massive more than 22% CAGR During 2023-2028

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Market Insights

As per recent research by MarkNtel Advisors, The Global Micro-Mobility Market is likely to grow at around 22% CAGR during the forecast period, i.e., 2023-28.

Key Driver: Mounting Demand for On-demand Transportation Services

The rapidly increasing urban population and rising establishment of smart cities worldwide are leading to the ever-growing demand for on-demand public transportation and, in turn, Micro-Mobility services. Governments of different countries are making significant transformative changes to improve the life quality of people by making massive investments in implementing Micro-Mobility solutions, such as bicycles, e-bikes, e-kick scooters, & e-mopeds, which offer benefits like fare comparison, flexibility, wide availability of vehicles, subscription-based services, real-time feedback, online payments, mobile apps, & GPS navigation. These vehicles are usually parked outside the streets or campuses, which allows users to pick up & ride as & when required without any wait. Hence, the increasing number of smart cities, coupled with various government initiatives toward implementing on-demand public transport, are projected to drive the global Micro-Mobility market during 2023-28.

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Market Segmentation and Consumer Behavior:

By Requirement

  • First & Last Mile Trips (Very Short Distance)
  • Short Distance Trips

By Application

  • Commercial (Available on Rent)
  • Private

By Autonomy Level

  • Manual
  • Semi-Autonomous
  • Autonomous (Self Driving)

By Power Source

  • Man-powered
  • Fuel-powered
  • Hybrid Electric Vehicles (HEV)
  • Plug in Hybrid Electric Vehicles (PHEV)
  • Battery Electric Vehicles (BEV)

By Sharing Service Model

  • Station based
  • Dockless (do not require a parking station)
  • Hybrid (Station based + Dockless)

By Vehicle Type

  • Electric Scooters
  • Electric Skateboards
  • Electric Bicycles (also known as Bike)
  • Pedal Bicycles
  • Others (Electric Unicycle, Golf Carts, etc.)

Read Full Report: https://www.marknteladvisors.com/research-library/global-micromobility-market.html

Micro-Mobility Market Geographical Analysis:

By Region:

  • North America
  • South America
  • Asia-Pacific
  • Middle East & Africa
  • Europe

Key Players and Competitive Strategies in the Micro-Mobility Market

Several prominent players dominate the Micro-Mobility Market, including:

  • Ofo
  • Mobike
  • Hello Bike
  • Scoot
  • Skip Transportation
  • Spin
  • Bird
  • Lime
  • Rydies
  • Segway Inc.
  • Dynamic Bicycles
  • Uber
  • Micro Mobility Systems
  • Others

Report Delivery - MarkNtel Advisors offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Questions Addressed in this Study

1.What factors are driving the Micro-Mobility Market growth?

2.How is the Micro-Mobility Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Micro-Mobility Market?

4.What is the current size of the Micro-Mobility Market, and how is it projected to change in the future?

5.What is the future outlook for the Micro-Mobility Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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