Micro Mobility E-bike Market Size, Share, Growth Analysis, By Bike Type(E-Bike, E-bike), By Age-Group(15-34, 35-54, 55 and above), By Mode(Pedal Assist, Throttle), By Battery Type(Lithium-ion, Lithium-ion Polymer, Lead Acid), By Usage(Mountain, Trekking, City/Urban, Cargo), By Region - Industry Forecast 2024-2031

Micro Mobility E-bike Market size was valued at USD 11.85 billion in 2019 and is poised to grow from USD 13.24 billion in 2023 to USD 32.08 billion by 2031, growing at a CAGR of 11.7% in the forecast period (2024-2031).

To strengthen the market presence, prominent players in the Micro mobility E-bike market employ various growth strategies, such as geographic expansion and new product launches. Furthermore, they concentrate on improving their existing product offerings and increasing brand awareness in order to gain a competitive advantage in the market. Leading players are also pursuing initiatives such as mergers and acquisitions, agreements and contracts, and collaborations with technology firms. For instance, Yamaha Motor Company formed a partnership with Hero Motors to develop an e-cycle drive unit. The joint venture expects to begin production of the first model at the upcoming Hero E-Cycle Valley manufacturing facility in November 2022. In addition, the joint venture would sell drive units in markets through the OEM networks of Hero Motors and Yamaha Motor Company. 'Lime', 'Bird', 'Spin', 'Jump', 'Ofo', 'Mobike', 'Voi', 'Tier', 'Helbiz', 'Bounce', 'Bolt', 'Dott', 'Felyx', 'Flash', 'Grin', 'Neuron', 'Razor', 'Skip', 'Superpedestrian', 'Wheels', 'In April 2022, David's World Cycle was acquired by Trek Bicycle Corporation. Trek Bicycle Corporation expanded its dealer network by acquiring 21 retail chain stores as part of its expansion strategy.', 'In February 2022, Merida Industries Co., Ltd entered into a strategic partnership with Team Bahrain Victorious as the official bicycle supplier and technical partner. Merida Industry Co., Ltd has been closely involved with the team since its inception in 2017 and will continue to supply race-winning bikes and technical advice.', 'In January 2022, AIMA Technology Group Co Ltd formed a strategic alliance with Juiced Bikes. AIMA Technology Group Co Ltd would also provide high-quality product lines and technical advice to Juiced Bikes in the United States as part of the partnership.'

Increase the number of E-bikes in the sharing fleet.

The outbreak of COVID-19 had a massive impact on the economy, resulting in a complete lockdown and temporary shutdown of industries all over the world. Many people congregate in one shared space on public transportation, which aids in the spread of the coronavirus disease. In the face of the COVID-19 pandemic, many people are opting for isolated transport options such as driving or bicycling over public transportation or ride-sharing. Because of health and safety concerns during the outbreak, people are opting for micro-mobility Electric Bicycles to travel medium to short distances.

In the Micro mobility E-bike Market, Asia-Pacific led the market, accounting for more than XX% of revenue in 2021. Due to rising consumption and investment in countries such as China and India, Asia Pacific will have the largest revenue share of more than XX% in 2021. The Asia Pacific region is having undergone numerous technological advancements, as well as expanding charging infrastructure. The presence of numerous prominent players, such as Yadea Group Holdings Ltd., Yamaha Motor Company, and Aima Technology Group Co. Ltd., distinguishes the region. The rising demand for environmentally friendly transportation, as well as increased government initiatives, are expected to fuel further growth.