Global Micro-Mobility Market Report and Forecast 2025-2034

Micro-Mobility Market Outlook

The global micro-mobility market size reached approximately USD 51.07 billion in 2023. The market is projected to grow at a CAGR of 16.50% between 2024 and 2032, reaching a value of around USD 202.39 billion by 2032.

Key Trends in the Market

Micro-mobility is a term used for small and lightweight vehicles that typically run on electricity. The speed of the vehicles is usually under 25kmh (15 mph). These vehicles are designed to be used for personal transportation and cover shorter distances as compared to traditional vehicles such as cars and buses.

• The global micro-mobility market growth can be attributed to rising concerns regarding greenhouse gas emissions and rapid climate change. One significant approach involves promoting the adoption of electric vehicles to curb emissions in the transportation sector.

• One of the primary drivers behind the increase in the micro-mobility market demand is the rapid urbanisation around the world. Metropolitan areas are becoming more densely populated, leading to a significant increase in traffic congestion and longer commute times. In response to this issue, consumers are actively seeking micro-mobility solutions as they provide flexibility, efficiency, and ease of accessibility.

• A major micro-mobility market trend includes the rising price of gas and oil owing to factors such as depleting reserves and geopolitical concerns. This is boosting the adoption of low-cost and clean substitutes for traditional fuels in the transportation sector. The demand for micro-mobility options is likely to further expand due to their associated advantages of reduced cost and time-effectiveness.

Market Analysis

Based on vehicle type, the market is segmented into e-bikes, electric kick scooters, bicycles, skateboard, and hoverboard, among others. The global micro-mobility market segmentation, on the basis of propulsion, includes human powered and electrically powered. The market, based on battery type, is divided into lithium-ion, lead acid, and lithium-ion polymer, among others.

Based on speed, the market bifurcations include up to 25 kmph and 25 to 45 kmph. The market divisions, based on sharing type, include docked and dock-less. The micro-mobility market, based on applications, is categorised into commercial and private. The major regional markets for micro-mobility are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global micro-mobility market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Beam Mobility Holdings Pte. Ltd. 

• Xiaomi Group

• Okai GmbH

• Helbiz Italia S.R.L.

• Yulu Bikes Pvt Ltd 

• Segway Discovery, Inc 

• Bolt Technology OÜ

• CaliRides LLC

• Bird Rides, Inc 

• Dott (emTransit B.V.)

• Lime Norway AS

• Others

Market Share by Vehicle Type

E-bikes are anticipated to hold a major portion of the micro-mobility market share during the forecast period. The growth of the segment can be attributed to the rising popularity of electric bicycles owing to their affordability and convenience, which also make them a preferred alternative to traditional public transportation. Many countries are actively encouraging the use of electric bicycles through regulatory adjustments and subsidies, aiming to alleviate pressure on existing transportation systems while reducing their climatic impact.

Market Share by Sharing Type

According to the micro-mobility market analysis, the docked segment is likely to significantly contribute to the growth of the market. The segment is expected to show increased adoption in various developing regions as it provides designated parking stations for micro-mobility vehicles, ensuring a more organised and clutter-free urban environment. This type of system also mitigates the risk of vandalism and theft as compared to dockless systems.

Competitive Landscape

Beam Mobility Holdings Pte. Ltd. is a Singapore-based micro-mobility company that operates in the transportation sector. Established in 2018, the company aims to address the growing demand for sustainable and efficient urban transportation solutions. Beam Mobility focuses on providing shared micro-mobility services to commuters in various cities around the world.

Xiaomi Group is a multinational technology company headquartered in Beijing, China. Founded in 2010, Xiaomi has rapidly grown to become one of the world's leading electronics and technology manufacturers. The company initially gained recognition for its high-quality, feature-rich, and competitively priced smartphones. Over the years, Xiaomi has expanded its product portfolio of consumer electronics and smart devices.

Okai GmbH is an international electronics manufacturing company with over 17 years’ worth of experience. The company is headquartered in Zhejiang, China, and is involved in the research, development, production and supply chain processes for electric scooters and e-bikes.

Other micro-mobility market players include Helbiz Italia S.R.L., Yulu Bikes Pvt Ltd, Segway Discovery, Inc, Bolt Technology OÜ, CaliRides LLC, Bird Rides, Inc, Dott (emTransit B.V.), and Lime Norway AS, among others.

Key Highlights of the Report

Micro-Mobility Market Report Snapshots

Micro-Mobility Market Size

Micro-Mobility Market Share

Micro-Mobility Market Analysis

Micro-Mobility Companies