Insights on the Micromobility Telematics Global Market to 2030 - Industry Trends Analysis and Revenue Forecasts
DUBLIN, July 19, 2021 /PRNewswire/ -- The "Micromobility Telematics Market Research Report: By Service Type, Offering, Technology, Sharing Type - Global Industry Trends Analysis and Revenue Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
With the increasing demand for cost-effective first- and last-mile connectivity, the concept of micromobility is becoming popular. As a result, the global micromobility telematics market value is set to increase from $957.7 million in 2020 to $13,010.4 million by 2030, at a 26.7% CAGR between 2021 and 2030. For instance, bike sharing is becoming a popular means of short-distance commute, as it is cheaper than conventional means, such as cabs.
For similar reasons, coupled with the increasing environmental awareness, people are shifting from using their personal vehicles to availing scooter and kick scooter sharing services. As a result, such service providers are receiving huge investments, a large part of which they are spending on procuring telematics solutions. In essence, since the entire concept of micromobility is based on technology, the micromobility telematics market is growing with the rising demand for cost-effective urban transportation.
The COVID-19 pandemic has almost stopped the growth of micromobility companies and, in turn, the expansion of telematics solutions providers, in its tracks. Due to the nationwide lockdowns implemented around the world, the production of conventional and electric two-wheelers, as well as the telematics hardware, has stopped. Moreover, movement restrictions have drastically reduced the demand for shared mobility, which has further hurt the revenue streams of micromobility company, thereby limiting their capacity to spend on telematics solutions. However, in the long run, with the continued awareness on hygiene and cleanliness and the resulting apprehensions regarding the conventional, crowded means of public transport, the micromobility telematics market is expected to revive.
The global positioning system (GPS) category held the largest share in the micromobility telematics market in the past, based on offering. GPS is an important tool as it allows users to see the exact location of the vehicle, before booking, and, in the same way, allows micromobility companies to track their assets. This offers immense convenience, since most of the micromobility services are being offered via the dock-less model.
Till now, Asia-Pacific (APAC) has generated the highest revenue for micromobility telematics market players on account of the heavy investments being received by regional technology start-ups and micromobility companies. Moreover, many businesses have emerged in the region to offer low-cost urban transportation services and get the first-mover advantage.
In the near future, the micromobility telematics market revenue growth will likely be the most rapid in the Middle East and Africa (MEA). The changing customer behavior, increasing usage of connected technologies, and shifting focus of regional governments on eco-friendly means of travel are propelling the adoption of micromobility services, which, in turn, is driving the demand for telematics solutions.
Major companies in the global micromobility telematics market include Conneqtech B.V., INVERS GmbH, VULOG SA, PBSC Urban Solutions Inc., Smoove SAS, Bewegen Technologies Inc., SharingOS Holdings Limited, e-motionlabs NV, Comodule OU, and E-pire Limited.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Sharing Type
4.1.1.1 Bike sharing
4.1.1.2 Kick scooter sharing
4.1.1.3 Scooter/motorcycle sharing
4.1.2 By Offering
4.1.2.1 GPS
4.1.2.2 Software
4.1.2.3 Fleet optimization
4.1.2.4 Others
4.1.3 By Technology
4.1.3.1 Embedded
4.1.3.2 Tethered
4.1.3.3 Integrated
4.1.4 By Service Type
4.1.4.1 Dock-less
4.1.4.2 Station-based
4.1.4.3 Hybrid
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Funding raised by telematics service providers
4.3.2 Drivers
4.3.2.1 Increasing demand for micromobility services
4.3.2.1.1 Rise of bike sharing services
4.3.2.1.2 Increasing demand for kick scooter sharing services
4.3.2.1.3 Expanding scooter sharing fleet
4.3.2.2 Heavy investments in micromobility
4.3.2.3 Growing demand for first- and last-mile transportation
4.3.2.4 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Vandalism, thefts, and improper parking of vehicles
4.3.3.2 Regulatory hurdles for micromobility service providers
4.3.3.3 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Emergence of an integrated system
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Intensity of Rivalry
4.4.4 Threat of New Entrants
4.4.5 Threat of Substitutes
4.5 Impact of COVID-19
Chapter 5. Global Market Size and Forecast
5.1 By Service Type
5.2 By Offering
5.3 By Technology
5.4 By Sharing Type
5.5 By Region
Chapter 6. North America Market Size and Forecast
6.1 By Service Type
6.2 By Offering
6.3 By Technology
6.4 By Sharing Type
6.5 By Country
Chapter 7. Europe Market Size and Forecast
7.1 By Service Type
7.2 By Offering
7.3 By Technology
7.4 By Sharing Type
7.5 By Country
Chapter 8. APAC Market Size and Forecast
8.1 By Service Type
8.2 By Offering
8.3 By Technology
8.4 By Sharing Type
8.5 By Country
Chapter 9. LATAM Market Size and Forecast
9.1 By Service Type
9.2 By Offering
9.3 By Technology
9.4 By Sharing Type
9.5 By Country
Chapter 10. MEA Market Size and Forecast
10.1 By Service Type
10.2 By Offering
10.3 By Technology
10.4 By Sharing Type
10.5 By Country
Chapter 11. Competitive Landscape
11.1 List of Micromobility Service and Technology Providers
11.2 Competitive Benchmarking of Key Players
11.3 Strategic Developments in the Market
11.3.1 Mergers and Acquisitions
11.3.2 Product Launches
11.3.3 Partnerships
11.3.4 Facility Expansions
11.3.5 Other Developments
Chapter 12. Company Profiles
12.1 Conneqtech B.V.
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.2 VULOG SA
12.2.1 Business Overview
12.2.2 Product and Service Offerings
12.3 INVERS GmbH
12.3.1 Business Overview
12.3.2 Product and Service Offerings
12.4 PBSC Urban Solutions Inc.
12.4.1 Business Overview
12.4.2 Product and Service Offerings
12.5 Bewegen Technologies Inc.
12.5.1 Business Overview
12.5.2 Product and Service Offerings
12.6 Smoove SAS
12.6.1 Business Overview
12.6.2 Product and Service Offerings
12.7 SharingOS Holdings Limited
12.7.1 Business Overview
12.7.2 Product and Service Offerings
12.8 Comodule OU
12.8.1 Business Overview
12.8.2 Product and Service Offerings
12.9 e-motionlabs NV
12.9.1 Business Overview
12.9.2 Product and Service Offerings
12.10 E-pire limited (Luna Systems)
12.10.1 Business Overview
12.10.2 Product and Service Offerings
Chapter 13. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/145bbo
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