Global Micro-mobility Charging Infrastructure Market

Micro-Mobility Charging Infrastructure Market Size, Share, Growth Analysis, By Vehicle Type(E-scooters, E-bikes), By Charger Type(Wired, and Wireless) - Industry Forecast 2024-2031

Report ID: SQMIG20D2148 | Region: Global | Published Date: March, 2024
Pages: 223 | Tables: 63 | Figures: 66

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Micro-mobility Charging Infrastructure Market size was valued at USD 4.80 billion in 2022 and is poised to grow from USD 6.01 billion in 2023 to USD 36.28 billion by 2031, growing at a CAGR of 25.2% in the forecast period (2024-2031).

The competitive landscape of the micro-mobility charging infrastructure market is characterized by intense competition among both established players and emerging startups. Key industry participants are continuously striving to expand their market presence by developing innovative and technologically advanced charging solutions, forming strategic partnerships, and expanding their geographical reach. Major players in the market are investing significantly in research and development to enhance the efficiency and reliability of charging stations, catering to the diverse needs of e-scooters and e-bikes. 'Ather Energy', 'bike-energy', 'Bikeep', 'Flower Turbines', 'Get Charged, Inc.', 'Giulio Barbieri SRL', 'Ground Control Systems', 'Magment GmbH', 'Perch Mobility', 'Robert Bosch GmbH', 'Solum PV'

Growing environmental awareness and the need to reduce pollution and carbon emissions from traditional vehicles are driving the adoption of micro-mobility solutions, leading to increased demand for charging infrastructure.

Integration with Smart City Initiatives: The micro-mobility charging infrastructure market is aligning with the broader smart city trend. Cities worldwide are implementing innovative transportation solutions, and micro-mobility charging infrastructure plays a vital role in these efforts. Charging stations are being strategically placed in urban areas, transport hubs, and popular destinations, creating a network that supports efficient and sustainable last-mile transportation.

In 2022, the Asia Pacific region established its dominance in the market, commanding a substantial share of over 44.0% of the revenue. The robust growth witnessed in the Asia Pacific region can be primarily credited to the extensive smart city projects and proactive initiatives undertaken by various governments across the region. An illustrative example is India, where, in June 2021, the government announced increased subsidies for the purchase of e-bikes and e-scooters, a significant step under the Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME) II scheme, part of the country's smart city project.

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