MarkNtel Advisors analyses the growth rate of the Micro-Mobility market in the forecast period from 2023 to 2028. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Micro-Mobility market, helping them make informed decisions.
Market Outlook – 2023-2028:
The Global Micro-Mobility Market is projected to grow at a CAGR of around 32% during the forecast period, i.e., 2023-28. The market growth is attributed to innovations in healthcare technology and the integration of metaverse technology, such as AR and VR, in medical treatment. Besides, the increasing use of AR platforms to assist in performing complex surgical procedures with higher precision and flexibility is fueling industrial expansion. Moreover, a rising number of companies collaborating and investing in the research and development of advanced tools and their applications in healthcare is further accelerating the market.
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Key Company Profiles
This report explores recent significant developments in the Micro-Mobility Market, focusing on the leading companies and their innovative profiles. The major players in the Micro-Mobility Market, featured in this report, include:
- Ofo
- Mobike
- Hello Bike
- Scoot
- Skip Transportation
- Spin
- Bird
- Lime
- Rydies
- Segway Inc.
- Dynamic Bicycles
- Uber
- Micro Mobility Systems
- Others
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Market Segmentation & Coverage
This research report by MarkNtel Advisors categorizes the Micro-Mobility Market to forecast revenues and analyse trends across each of the following sub-markets:
- 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)
Here, dockless sharing systems are gaining traction worldwide owing to the various challenges being faced by docked systems in terms of limited space, accessibility, convenience, and the requirement for public grants.
- By Vehicle Type
- Electric Scooters
- Electric Skateboards
- Electric Bicycles (also known as Bike)
- Pedal Bicycles
- Others (Electric Unicycle, Golf Carts, etc.)
- By Region
- North America
- South America
- Asia-Pacific
- Middle East & Africa
- Europe
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What are the primary factors driving the growth of the Micro-Mobility Market?
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.
Key Questions Addressed:
- Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
- Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
- Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
- Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
- Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?
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