Micro-Mobility Market: The Silent Revolution Reshaping Urban Transport
Gone are the days when cars and buses were the only viable options for navigating busy city streets. Enter micro-mobility—a dynamic, disruptive, and highly sustainable mode of transportation transforming how people move through urban environments. Whether it's electric scooters (e-scooters), bicycles (e-bikes), or shared skateboards, micro-mobility has emerged as a game-changer for short-distance travel.
The Micro-Mobility Market is rapidly expanding, fueled by urbanization, technological innovation, environmental concerns, and changing commuter behavior. It represents the next frontier in smart city infrastructure, aiming to reduce congestion, cut emissions, and improve last-mile connectivity.
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Understanding Micro-Mobility
Micro-mobility refers to lightweight, usually electric-powered personal transportation solutions designed for short trips—typically under 10 kilometers. These vehicles include:
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Electric scooters (e-scooters)
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Electric bikes (e-bikes)
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Hoverboards and skateboards
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Mopeds and light electric vehicles
They can be privately owned or part of shared mobility fleets, accessible via mobile apps for rental and navigation.
Market Overview
The global micro-mobility market was valued at USD 56.3 billion in 2023 and is expected to grow to USD 202.1 billion by 2030, at a CAGR of over 19%. This robust growth is driven by:
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Increasing urban traffic congestion
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Government policies supporting eco-friendly transit
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Surge in on-demand mobility services
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Rising fuel prices and cost-effective commuting alternatives