Product ID: SQMIG25D2004
Global Micro Mobility E-bike Market Size, Share, Growth Analysis, By Bike Type(E-Bike, E-bike), By Age-Group(15-34, 35-54), By Mode(Pedal Assist, Throttle), By Battery Type(Lithium-ion, Lithium-ion Polymer), By Usage(Mountain, Trekking) - Industry Forecast 2024-2031
Report ID:
SQMIG25D2004 |
Region:
Global |
Published Date: February, 2024
Pages:
272
|
Tables:
144 |
Figures:
81
Global Micro Mobility E-bike Market Insights
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).
Micro mobility refers to a class of small, lightweight vehicles that travel at speeds up to 15 miles per hour (25 km/h) and are ideal for getting to and from work within a 10-kilometer radius. This includes actively using various vehicles such as bicycles, e-bikes, e - scooters, battery-powered skateboards, shared bicycles, and electric pedal-assisted bicycles, among others. Continuous advancements in smart cities and vehicle connectivity development around the world have created countless opportunities for the global Micro mobility E-bike market to grow. Furthermore, the presence of various providers in the industry, as well as their investment opportunities and development strategies, has attracted a large number of small vehicle fleet owners to work collaboratively in support of the concept of Micro mobility.
Factors such as an increase in the tendency for on-demand transportation services, increasing government for smart cities, and an increase in venture funding and strategic investments all contribute to the global Micro mobility electric bicycle/e-bikes market's growth. However, low internet penetration in developing regions, as well as an increase in bike vandalism and theft, are factors impeding the global market growth. Furthermore, intelligent transportation systems and increased government initiatives to develop bike-sharing infrastructure is expected to create numerous opportunities for the Micro mobility electric bicycle/e-bikes market's growth globally.
COVID-19 has presented the world with a previously unimagined economic, humanitarian, and universal health care challenge. Lockdown initiatives have helped to slow the spread of the coronavirus, but they have come at a high cost in terms of money. On the business front, the automotive and mobility industries have been particularly hard hit. Lockdown measures and other restrictions have restricted travel and left numerous consumers incapable or unwilling to purchase vehicles, as seen in countries where COVID-19 spread earlier. Furthermore, the disease's rapid spread has had a significant impact on the global Micro mobility E-bike market, with a drop in demand for new vehicles. Furthermore, OEMs and other E-bike are implementing innovative business models to boost sales in the post-COVID-19 era. However, due to rising vaccination rates worldwide and a gradual rise in the trend of on-demand transportation services, the global Micro mobility E-bike market is expected to grow rapidly in the near future.
US Micro Mobility E-bike Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Micro Mobility E-bike Market Report Snapshots
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