Global Micro Mobility Market Is Expected To Grow At A Cagr Of 11.95% During The Forecast Period 2019-2029
NEW YORK, Sept. 25, 2019 /PRNewswire/ --
Global Micro-Mobility Market to Grow at a CAGR of 11.95%, in Value, from 2019 to 2029
Read the full report: https://www.reportlinker.com/p05816558/?utm_source=PRN
Key Questions Answered in the Report:
• What is the global micro mobility market size in terms of revenue from 2019 to 2029?
• What are the major consumer demands and expectations effectively fulfilled by micro mobility?
• What are the drivers, restraints, and opportunities for the market for the period of 2019 to 2029?
• What are the impacts of the micro mobility service to the global environmental issues?
• What are the key developments and strategies of the companies in the market?
• Which region is expected to have the highest market potential in the period 2019-2029, and how is the market expected to grow in the same period in other regions?
• Which are the key companies in the industry, and how are they expected to perform in the ecosystem?
• What is the market forecast by application, requirement, and location for the period 2019 to 2029?
• What is the estimated market value by region during the period 2019-2029?
Global Micro Mobility Market Forecast, 2019-2029
In terms of value, the global micro mobility market is expected to grow at a CAGR of 11.95% during the forecast period 2019-2029. The micro mobility service has higher traction in comparison to the vehicle-based ridesharing and ride-hailing service offered by MaaS players. A strong indicator of exceptional market performance is the growth of per day ridership, since the conceptual inception of the micro mobility. The accelerated growth experienced by the market in the initial phase is largely due to the uniqueness of the concept. For instance, bicycle lending was started for a hiring purposes in China. Further, some of the major market roadblocks were that micro mobility earlier did not consist of a robust policy framework, and there was a gap in the infrastructure required for supporting its smooth operation. Micro mobility has wide applicability, as an integrated part of the overall public transportation service of an economy, which powered in collaboration of private players and local municipal authorities (governments).
Expert Quote
"Micro mobility services have witnessed high growth majorly in the U.S. and China during the initial phase of its inception. In this ecosystem, companies from China and the U.S. acquired high market shares, globally, during the initial period of micro mobility market evolution during 2014-2018."
Scope of the Global Micro Mobility Market
The research study offers a wide perspective of the micro mobility market and analyzes the growth factors and market strategies adopted by the company for the future of micro mobility ecosystem.The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools, that have been used to build the forecast and the predictive models.
Further, the study includes factors such as short distance trips (under five miles), low speed trips (limited to maximum of 40 miles/hour), personal transportation trips, and logistics trips as some of the major segments for the micro mobility industry. The report also provides an analysis of the market growth opportunities for micro mobility across different regions as well as countries.
Market Segmentation
The report is a compilation of different segments of the global micro mobility market, including market breakdown by requirement type, application type, location type, and region.Herein, the revenue generated from different requirement type (short distance trips and first- and last-mile trips), application type (commercial and private), location type (tracks, roads, and footpaths) and regions {North America, Europe, Asia-Pacific (APAC) and Rest-of-the-World (RoW)} has been tracked to calculate the overall market size in terms of value ($billion).
Moreover, the company profile section highlights significant information about the key companies involved along with their financial positions, key strategies, and developmental activities of recent years.
At its core, micro mobility focuses on the commuters using ridesharing for their trips under five miles or for first- and last-mile connectivity.These trips can be for traveling to work, doing day-time household errands, or travelling to mass transportation stations for on-ward journey.
A commuter can enroll in the service via monthly or annual subscription or use it, as and when required by booking via service providers' platform. This gives the power of choice to a consumer for selecting a service for travel.
Micro mobility is driven by awareness among the adopting community in developed nations, which understand the need for usage of efficient modes of transportation for traveling a short distance.Micro mobility market scope majorly covers two aspects; private usage (personal transportation) and commercial usage (logistics).
Private application is the transportation of people from point A to B, whereas commercial corresponds to logistics service, which brings consumers' needs to their doorstep.
Micro mobility modes offer a large degree of flexibility of driving on roads, footpaths or dedicated tracks built along with the road network in a city.The road network in the developed nations constitutes of a planned layout with dedicated cycle tracks (that can be used for similar types of vehicles) and footpaths.
However, the usage of various modes on different locations is subject to the design and application of each mode. The commercial micro mobility market majorly utilizes road network, as it accounts for faster moving vehicles such as motorcycles, mopeds, e-bikes, e-mopeds, and micro electric cars.
Further, the report includes an exhaustive region-wise analysis that includes analyses of North America, Europe, Asia-Pacific (APAC) and Rest-of-the-World (RoW). Each region details the individual push-and-pull forces in addition to the information on the key players from that region.
Key Companies in the Micro Mobility Market
Some of the key players operating in the micro mobility market are Marble, Easymile SAS, Floatility GmbH, Beijing Mobike Technology Co. Ltd., Bird Rides Inc., Skip Transportation, Spin Scooters, Sway Mobility, LimeBike, Scoot Network, Zagster, Uber, Ola, DoorDash, Grubhub, Postmates, Zomato, Micro Mobility Systems, Rydies, Segway Inc., Dynamic Bicycles, GoJek, and GoBike (Ford).
Countries Covered
• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Rest-of-Europe
• APAC
• China
• Australia
• India
• Japan
• South Korea
• Rest-of-APAC
• Rest-of-the-World
• Mexico
• South America
• Middle East
• Africa
Read the full report: https://www.reportlinker.com/p05816558/?utm_source=PRN
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