Global Micro-mobility charging infrastructure market was valued at USD 3.23 Billion in 2020. It is projected to grow at a compound annual rate (CAGR of 23.4%) between 2021 and 2028. Market growth can be attributed largely to increased investments in micro-mobility modes. To reduce environmental pollution, many users will adopt Micro-mobility as their mode of transport. The market will also benefit from a growing awareness of greenhouse gas emissions. The growing popularity of micro-mobility within cities and towns is making it a reliable and efficient mode of transport. This mode of transportation is more efficient than fossil fuel vehicles in terms of energy conversion. Many factors such as rising oil and gas prices and ease of parking will contribute to the adoption of micro-mobility. As a result, the market is expected to grow.
The micro-mobility concept is being used in short distance transportation for both commercial and private individuals. This type of transportation is a more sustainable option for last-mile travel and offers a sustainable mode of travel. The market will grow if more people are aware of the flexible transport options. These factors will contribute to market growth.
Market growth is expected to be driven by a rapidly growing demand for shared mobility solutions. Riders have many options for travel that are convenient and affordable. Consumer preferences have shifted away from owning a vehicle to prefer sharing mobility. It is now possible to use shared mobility for more convenient and cost-effective transportation. This shared mobility ecosystem is being capitalized by micro-mobility infrastructure providers.
Market growth will be affected by the spread of COVID-19. As a result, the demand for public transport was reduced as more people went home and businesses were closed. Companies have suffered as a result. Market growth will be further impeded by a weak policy framework and a lackluster public awareness.
The market segment led the market, accounting for more than 59.0% of global revenue in 2020. E-scooters are becoming more popular because they are easy to park and charge. E-scooter charging stations help reduce congestion and improve air quality. These platforms can be used with any e-scooter model.
Over the forecast period, the e-bikes market is expected to experience significant growth. The segment's growth is expected to be driven by the increased deployment of ebike charging stations in public and tourist areas. Multiple e-bikes can be charged simultaneously at these charging stations. These charging stations can also be mounted on a wall or freestanding.
The market was dominated by the wired segment, which accounted for 53.0% of global revenue in 2020. Companies are focusing their efforts on installing wired charging stations because they are easy to use. Due to rising demand for ebikes and e-scooters, they are increasing the number of wired charging stations. These factors will contribute to the expansion of the wired charger market.
Over the forecast period, the fastest expected CAGR will be in the wireless segment. This segment growth can be attributed primarily to the growing use of self-driving vehicles in logistics for prominent multinational corporations (MNCs). The potential for wireless charging stations to avoid the common plug-in problems that are encountered with wired charging stations could be a boon. The segment is expected to grow due to the growing demand for micro-mobility fast charging infrastructure.
The market was dominated by the battery-powered segment, which accounted for over 55.0% of global revenue in 2020. These charging stations are available for use in both public and private parking lots. These stations can also charge multiple vehicles at once. These stations can also be customized to fit the requirements of individual parking spaces.
The fastest expected growth is in the solar-powered segment over the forecast period. This is due to increasing awareness of the eco-friendly and socially distant option for short trips. The maintenance costs for solar-powered micro-mobility charging stations are lower than those for battery-powered ones. These factors will contribute to segment growth during the forecast period.
The market's largest segment was residential, accounting for over 67.0% of global revenue in 2020. The rising popularity of Micro-mobility is due to factors such as increased urbanization and increasing traffic congestion. There are many products available today that can cater to different transportation needs. These factors will contribute to segment growth during the forecast period.
Over the forecast period, significant growth is expected in the commercial segment. There are many commercial uses for micro-mobility. This method of transport is used extensively to transport heavy loads over short distances. It is more cost-effective than traditional systems. These factors will all contribute to the segment's growth in the coming years.
Asia Pacific dominated the Micro-mobility charging infrastructure industry and accounted more than 44.0% of global revenue in 2020. It is home to some of the most densely populated and urbanized areas in the world. Additionally, micro-mobility is a more affordable and efficient alternative to traditional mobility systems. As a result, the market players in the region will see growth opportunities.
Over the forecast period, North America will be the fastest-growing region market. This is due to a growing awareness of eco-friendliness. The region's geography and urban planning are ideal for Micro-mobility charging infrastructure. Regional market growth will also be driven by the presence of many prominent players in this region.
There are many players in the market. This market is fragmented. This market is seeing large investments from many investors. It is also seeing numerous collaborations and partnerships between service-providing businesses and manufacturers. Market players can expect to see growth opportunities from the increasing use of ebikes and escooters around the world.
Market players are focusing mainly on business strategies to expand their customer base and improve their product portfolio. Many players integrate solar-based power sources in their infrastructure. Many governments around the world are now offering bike-sharing programs. The market is expected to grow over the forecast period as a result. The following are some of the major players in the global market for Micro-mobility charging infrastructure:
Ather Energy
Bicycle-energy
Bikeep
Flower Turbines
Get Charged, Inc.
GiulioBarbieri SRL
Ground Control Systems
Magment GmbH
Perch Mobility
Robert Bosch GmbH
Solum PV
SWIFTMILE
The Mobility House GmbH
Up Market Research published a new report titled “Micro-mobility Charging Infrastructure Market research report which is segmented by Vehicle Type (E-bikes, E-scooters), By Players/Companies Perch Mobility, The Mobility House GmbH, Get Charged Inc, Robert Bosch GmbH, Ather Energy, SWIFTMILE, Bikeep, Ground Control Systems, Solum PV, GiulioBarbieri SRL, Flower Turbines, bike-energy, Magment GmbH”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Micro-mobility Charging Infrastructure Market Research Report |
By Vehicle Type | E-bikes, E-scooters |
By Companies | Perch Mobility, The Mobility House GmbH, Get Charged Inc, Robert Bosch GmbH, Ather Energy, SWIFTMILE, Bikeep, Ground Control Systems, Solum PV, GiulioBarbieri SRL, Flower Turbines, bike-energy, Magment GmbH |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 214 |
Number of Tables & Figures | 150 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Vehicle Type (E-bikes, E-scooters).
Micro-mobility Charging Infrastructure Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Micro-mobility Charging Infrastructure Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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