Micro Mobility Market Size, Share, Forecast, & Trends Analysis Mobility Type (Electric (E-bikes, E-kick Scooters, Others), Manual), Sharing Type (Docked, Docked-less), Speed, End User (Private, Commercial (Corporate, Universities, Government, Others)) & Geography - Global Forecast to 2031

Micro Mobility Market Size & Forecast

The Micro Mobility Market is expected to reach $32.4 Billion by 2031, at a CAGR of 12.4% from 2024 to 2031. The growth of the micro mobility market is driven by growing demand for sustainable transportation, growing need for first- and last-mile transportation solutions, increasing use of smartphones, the low-cost characteristics of micro mobility vehicles, growing venture capital investment resulting in the emergence of startups, and rising burdens of car-centric mobility in urban areas. However, the lack of regulatory & legal framework is a factor restraining the growth of this market.

Furthermore, multimodal docking and charging and the growing adoption of micro mobility fleets by various governments are expected to generate growth opportunities for the stakeholders in this market. However, theft and vandalism are major challenges impacting market growth. Additionally, the integration of IoT and IoT SIM cards in micro mobility and the use of micro mobility services in smart cities are prominent trends in the micro mobility market.

Micro Mobility Market Growth Drivers

Growing Demand for Sustainable Transportation Boosting Market Growth

A growing global population, urbanization, and e-commerce are creating demand for sustainable transportation solutions. At the same time, climate change is a major challenge for everyone. The transportation industry is one of the major contributors to carbon emissions. Sustainable transportation is the solution that can help to fight against climate change and growing carbon emissions.

Micro mobility is considered a key part of sustainable transportation in urban areas because it helps to reduce traffic, greenhouse gases, and noise pollution. In addition, several countries are considering micro mobility as sustainable transportation. Additionally, businesses are using micro mobility on their campuses for day-to-day commute tasks. Hence, the growing demand for sustainable transportation is expected to support the micro mobility market.

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Increasing Use of Smartphones is Driving the Demand for Micro Mobility Market

Growing urbanization, digitalization, and technological advancements have increased the adoption of smartphones along with advancements in GPS tracking, connectivity, and mobile payments, which are quickly driving the change in the transportation landscape. The adoption of micro mobility is on the rise as residents can seamlessly use a micro mobility vehicle via a smartphone app rather than using traditional transport systems such as a car or a bus that are dependent on road traffic.

Micro mobility solutions have become considerably easier to access due to the widespread use and ownership of smartphones. Smartphones enable web-based or app-based payments and vehicle unlocking. Hence, the widespread use of smartphones is helping individuals easily access micro mobility vehicles, which is driving the demand for micro mobility.

Micro Mobility Market Trends

Integration of IoT & IoT SIM Cards in Micro Mobility

The Internet of Things (IoT), particularly IoT SIM cards, is instrumental in the evolution and growth of micro mobility technology. IoT technology enables real-time monitoring and control of micro mobility devices, including payment, thereby enhancing their availability, usability, functionality, safety, and efficiency. Several players are focusing on integrating IoT technology in their micro mobility vehicles. For instance, in March 2024 , Beam Mobility Holdings Pte. Ltd. (Singapore) launched an e-bike, the Apollo Lite, in Wellington, New Zealand. The new Apollo Lite includes safety features and IoT technology.

Many IoT SIM cards are being fitted by manufacturers in micro mobility vehicles due to their smaller form factor and vibrational resilience. IoT SIM cards installed in electric bikes or scooters ensure the continuous transfer of vital information like usage statistics, battery level, and device position. This data empowers operators to optimize fleet management. Thus, the incorporation of IoT and IoT SIM cards in micro mobility devices is transforming urban mobility, making it more intelligent, efficient, and user-centric.

Use of Micro Mobility Services in Smart Cities

Micro mobility and multi-modal connectivity, like shared e-mobility, go hand-in-hand with urban growth and smart cities, as they solve most of the daily commute needs of individuals and mitigate the stress on urban resources. Micro mobility not only helps cities become less polluted, but it also serves as a critical connection point for metros and public transportation, which is essential for many people living in urban areas because they depend on them for their daily commutes. As most smart cities prioritize high-speed & comfortable mass public transit systems, like metros, AC buses, and electric buses; technology-driven shared micro mobility options are capable of making them ideal but also more practical alternatives.

Micro mobility solutions for smart cities represent a shift toward low-carbon and sustainable modes of transportation. They are a positive force in disrupting private vehicle use, particularly for short-distance travel, which is driving demand for micro mobility in smart cities.

Micro Mobility Market Opportunity

Growing Adoption of Micro Mobility Fleets by Several Governments Expected to Generate Growth Opportunities for Market Players

Micro mobility is seen as an effective solution that can establish a better connection between people and public transport. Micro mobility is helping municipalities reduce traffic congestion, vehicle emissions, greenhouse gases, and noise pollution. It can also help improve commuting habits and create less car-centric urban mobility networks. Many municipalities and transport authorities see micro mobility vehicles as an answer to the longstanding first- and last-mile transportation problem. For instance, in June 2023, the Municipality of Arezzo (Italy) selected TIER Mobility SE (Germany) to introduce 150 e-scooters in Arezzo, Italy, to promote micro mobility transportation options in the city. Such focus of municipalities and transport authorities on sustainable transportation is expected to generate growth opportunities for market players.

Micro Mobility Market Analysis: Key Findings

By Mobility Type: In 2024, the Manual Mobility Segment to Dominate the Micro Mobility Market

Based on mobility type, the global micro mobility market is broadly segmented into manual mobility and electric mobility. In 2024, the manual mobility segment is expected to account for the larger share of above 53.0% of the global micro mobility market. The segment’s large share is mainly attributed to changing customer preferences towards more sustainable and eco-friendly modes of transportation, increasing need for first- and last-mile transportation solutions, and growing investments in micro mobility infrastructure. For instance , in May 2023, The French government announced plans to spend $2.2 billion (EUR 2.0 billion) through 2027 to improve cycle infrastructure. The aim will be to double the cycle lane network, and the government will spend 250 million euros a year on new bike lanes from 2023 to 2027.

However, the electric mobility segment is expected to record the highest CAGR during the forecast period. The growth of this segment is mainly driven by the ability of e-bikes and e-kick scooters to cover longer distance trips with less effort; the growing adoption of electric bikes and scooters in micro mobility; and the growing focus of key players on the development of innovative e-scooters. For instance, in September 2022, VeoRide, Inc. (U.S.) launched Apollo, a dual-passenger vehicle. The Apollo is a class II e-bike that can safely accommodate two riders or additional cargo storage.

By Speed: In 2024, the Up to 25 km/h Segment to Dominate the Micro Mobility Market

Based on speed, the global micro mobility market is segmented into up to 25 km/h and 25 km/h to 50 km/h. In 2024, the up to 25 km/h segment is expected to account for the larger share of the global micro mobility market. The segment’s large share is mainly attributed to the growing deployment of micro mobility vehicles, increased demand for compact-sized micro mobility vehicles, and the growing focus of micro mobility vehicle manufacturers on stability and ease of riding.

However, the 25 km/h to 50 km/h segment is expected to record the highest CAGR during the forecast period. The growth of this segment is mainly driven by the increasing demand for micro mobility services and the growing focus of companies on developing powerful micro mobility vehicles. For instance, in November 2022 , NIU Technologies (China) launched its newest micro mobility product, the NIU BQi-C3 Pro Electric Urban Commuter Bike. It offers a top speed of 28 MPH with an impressive 40–60-mile range and a unique dual battery system.

By Sharing Type: In 2024, the Docked Segment to Dominate the Micro Mobility Market

Based on sharing type, the global micro mobility market is segmented into docked and docked-less. In 2024, the docked segment is expected to account for the larger share of above 75.0% of the global micro mobility market. The segment’s large share is mainly attributed to factors such as the benefits of docking to protect vehicles from theft and vandalism, the growing adoption of shared mobility in urban areas, and growing investment in the development of micro mobility docks. For instance, in October 2021, Bolt Operations OÜ (Estonia) launched the e-scooter charging docks in Estonia to continue Bolt’s efforts of reducing car usage and promoting sustainable and safe micro mobility in cities throughout the world.

Moreover, the docked segment is expected to record the highest CAGR during the forecast period. This segment's growth is mainly driven by the growing focus of government and municipalities on promoting micro mobility and the growing use of micro mobility vehicles in the commercial sector for commuting.

By End User: In 2024, the Commercial Segment to Dominate the Micro Mobility Market

Based on end user, the global micro mobility market is broadly segmented into private and commercial. In 2024, the commercial segment is expected to account for the larger share of above 55.0% of the global micro mobility market. The segment’s large share is mainly attributed to the increased adoption of micro mobility vehicles across businesses to provide sustainable and convenient micro mobility solutions. For instance, in October 2023, Bird Global, Inc. (U.S.) announced the launch of its state-of-the-art e-scooters at Barksdale Air Force Base in Louisiana. The company aims to provide sustainable and convenient micro mobility solutions to the military community, enhancing transportation options and promoting eco-friendly practices on the base.

Moreover, the commercial segment is expected to record the highest CAGR during the forecast period. This segment's growth is mainly driven by key players focusing on partnerships to promote micro mobility and the growing use of micro mobility vehicles in universities, healthcare centers, and corporate campuses for commuting.

Geographical Analysis

In 2024, Europe to Dominate the Micro Mobility Market

In 2024, Europe is expected to account for the largest share of above 37.0% of the global micro mobility market. The large market share of this segment is attributed to the increased adoption of e-bikes and e-scooters for micro mobility, the increased focus of cities to use micro mobility to reduce car usage, traffic, and carbon emissions, and the growing focus of foreign players on expansion of sustainable transportation across the region. For instance, in July 2023, Bird Global, Inc. (U.S.) announced the expansion and renewal of its operations across Italy, France and Spain. These extensions mark a significant milestone for Bird as it continues to strengthen its commitment to sustainable transportation and urban mobility in Europe.

However, the Asia-Pacific region is projected to register the highest CAGR of 14.0% during the forecast period. This region's growth is attributed to growing urbanization fueling the need for sustainable urban transportation, increasing demand for shared micro mobility, and the growing focus of Asian cities on adopting micro mobility. For instance, in November 2023, Beam Mobility Holdings Pte. Ltd. (Singapore) introduced seated e-scooters to Auckland, New Zealand, with 300 shared seated e-scooters available for hire across the city.

Micro Mobility Market: Key Companies

The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of the key players operating in the micro mobility market are Bird Global, Inc. (U.S.), Lyft, Inc. (U.S.), Neutron Holdings, Inc. (Lime) (U.S.), Dott (Netherlands), Helbiz Italia S.r.l. (Italy), Bolt Operations OÜ (Estonia), Voi Technology AB (Sweden), Superpedestrian, Inc. (U.S.), Beam Mobility Holdings Pte. Ltd. (Singapore), Hello Inc. (China), Niu Technologies (China), VeoRide, Inc. (U.S.), felyx sharing B.V. (Netherlands), Boaz Bikes (U.S.), and CycleHop LLC dba HOPR (U.S.).

Micro Mobility Industry Overview: Latest Developments from Key Industry Players

• In September 2023, Bird Global, Inc. (U.S.) acquired Skinny Labs, Inc. (Spin) (U.S.), a shared electric bike and scooter operator. The acquisition makes Bird the largest micro mobility operator in North America by market share.

• In August 2023, Bird Global, Inc. (U.S.) launched an e-bike fleet in Seattle, U.S., continuing its mission to make cities more livable by reducing car usage, traffic, and carbon emissions.

• In July 2023, Solent Transport (U.K.) collaborated with Voi Technology AB (Sweden) and Beryl (U.K.) with a key focus on enhancing services, resolving conflicts, and promoting efficient micro mobility operations.
• In June 2023, Beam Mobility Holdings Pte. Ltd. (Singapore) partnered with the Tourism & Transport Forum (TTF) (Australia) to bring shared micro mobility to Noosa, Australia.

Micro Mobility Market Research Summary:

Key questions answered in the micro mobility market report: