Micromobility is a rapidly expanding transportation sector that includes commuting on a variety of lightweight vehicles such as electric scooters, electric skateboards, and electric bicycles. During the forecast period, factors such as increasing traffic congestion, rising oil and gas prices, ease of parking, and saturation in the auto sector are expected to drive market growth. Furthermore, factors such as the global expansion of e-bike and e-scooter rental and sharing services are expected to create new opportunities for micro-mobility in the coming years. During the forecast period, the micromobility market is expected to grow at a CAGR of 17.5%.

Micromobility Market Scope and Research Methodology

SMR’s report provides an understanding of Micromobility market dynamics, structure, segmentation and projecting market size. The bottom-up approach was used to estimate the Micromobility market size Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Micromobility market makes the report investor’s guide.

To collect the information for the Micromobility market report, both primary and secondary research methodologies were used. Various analytical methods such as Porter’s Five Forces Analysis, SWOT Analysis, PESTLE Analysis, Player Positioning Analysis, Market Share Analysis, and Value Chain Analysis have been used to analyse the Micromobility market in the report.

Micromobility Market Report Overview:

The main objective of the SMR’s Micromobility market report is to help organizations make business decisions, which help them decide which areas they need to improve, which are already performing well and help the new entrant in their landing and penetrating the competition.

Micromobility Market size was valued at US$ 32.3 Billion in 2020 and the total Micromobility Market revenue is expected to grow at 17.5% through 2021 to 2027, reaching nearly US$ 100.5 Billion.

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Micromobility Market Key Players:
Yadea Technology Group Co., Ltd. (China)
Xiaomi (China)
Boosted USA (USA)
Airwheel Holding Limited (USA)
Accell Group (Netherlands)
Derby Cycle (Germany)
Beam Mobility Holdings PTE. Ltd (Singapore)
Bird Rides (USA)
DOTT (Netherlands)
Electricfeel (Switzerland)
Floatility GmbH (Germany)
Lime (USA)
Yulu Bikes Pvt. Ltd (China)

Regional Analysis: Geographically, Micromobility market report is segmented into several key regions are as follows,

  • Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
  • Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
  • North America (the United States, Mexico, and Canada.)
  • South America (Brazil etc.)
  • The Middle East and Africa (GCC Countries and Egypt.)

Micromobility Market Segmentation:

The report includes Porter's Five Force Model, which aids in the development of market business strategies. The report assists in determining how many competitors exist, who they are, and how their product quality is perceived in the market. The report also examines whether it is easy for a new player to gain a foothold in the Micromobility Market, whether they enter or exit the market on a regular basis if the market is dominated by a few players, and so on.

Micromobility market report Includes:

  • Important insights into the market
  • Thorough analysis of dominating players
  • Renowned Players and their development
  • Detailed report on regional analysis
  • COVID-19 pandemic impact

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About Stellar Market Research

Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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