Micromobility Market Report Overview:
Micromobility Market size was valued at US$ 44.59 Billion in 2022 and the total Micromobility Market revenue is expected to grow at 17.5% through 2023 to 2029, reaching nearly US$ 137.89 Billion.
Micromobility Market Scope and Research Methodology
The report majorly focuses on the Micromobility market dynamics including drivers, restraints, challenges and opportunities. This information on the market dynamics is provided region-wise and segment-wise in the Micromobility market report, which makes it an investor’s guide. Data was collected for the report by using primary and secondary research methods, which were combined to make the Micromobility market report error-free and authentic. After determining the total market size, the market was divided into various segments and sub-segments and the segments were verified through primary research by conducting in-depth interviews with the individuals holding influential positions in the Micromobility industry. The bottom-up approach was used to estimate the regional and global Micromobility market size. By using Secondary research, major Micromobility key players in the industry were identified and their revenues were determined through primary and secondary research. The secondary research includes data collection from official databases of various organizations and government sites, industry journals, white papers, annual reports and suppliers in the Micromobility industry along with paid and free databases, while primary research includes in-depth interviews with opinion leaders and industry experts.
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Micromobility Market Segmentation:
Based on the type of vehicle, the micromobility market is divided into electric kick scooters, electric skateboards and electric bicycles. The electric bicycle segment dominated the market in 2020, accounting for more than 85% of global sales. The segment is expected to register over 14.3% CAGR over the forecast period as it is the cheapest and most convenient alternative to public transport. Some countries are working to encourage the use of electric bicycles, using both regulatory and subsidy changes to reduce the burden on public transport. In addition, compared to other transportation systems such as buses and taxis, electric bicycles are easier to charge, cheaper and do not require a large investment to support the infrastructure. Hence, an increase in the demand for electric bicycles across the world is being observed.
micromobility Market Key Players:
Yadea Technology Group Co., Ltd. (China) JIANGSU XINRI E-VEHICLE CO., LTD. (China) Xiaomi (China) SEGWAY INC. (USA) SWAGTRON (USA) Boosted USA (USA) Airwheel Holding Limited (USA) YAMAHA MOTOR CO., LTD. (Japan) Accell Group (Netherlands) Derby Cycle (Germany) Beam Mobility Holdings PTE. Ltd (Singapore)
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Micromobility Market Regional Analysis:
The Micromobility market report is segmented into key regions, such as North America, Asia Pacific, Europe, Middle East and Africa, and South America. Furthermore, the report includes market size, CAGR, import and export, and country-level analysis, integrating the demand and supply forces of the Micromobility market in these countries.
Key Questions answered in the Micromobility Market Report are:
What is the expected CAGR of the Micromobility market during the forecast? What is the expected Micromobility market size during the forecast period? Which regional Micromobility market is expected to hold the largest share during the forecast period? What are the market segments? Which production technology is utilized for Micromobility ? What trends are driving the market growth? Who are the global key players in the Micromobility market? What is the global market status of the Micromobility market? What was volume, manufacturing value, price, and revenue of Micromobility market?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021) Past Pricing and price curve by region (2018 to 2021) Market Size, Share, Size & Forecast by different segment | 2022−2029 Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region Market Segmentation – A detailed analysis of the segments and their sub-segments Competitive Landscape – Profiles of selected key players by region from a strategic perspective Competitive landscape – Market Leaders, Market Followers, Regional player Competitive benchmarking of key players by region PESTLE Analysis PORTER’s analysis Value chain and supply chain analysis Legal Aspects of Business by Region Recommendations
About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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