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micro-mobility Market is Projected to Witness a CAGR of 17.7% By 2021–2030

The global micro-mobility market size is expected to be worth around US$ 72.6 billion by 2030, according to a new report by Vision Research Reports.

The global micro-mobility market size was valued at US$ 28.42 billion in 2020 and is anticipated to grow at a CAGR of 17.7% during forecast period 2021 to 2030.

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Report Coverage 

Report Scope Details
Market Size USD 72.6 billion by 2030
Growth Rate CAGR of 17.7% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Vehicle type, Battery, Voltage
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Yadea Technology Group Co., Ltd.; JIANGSU XINRI E-VEHICLE CO., LTD.; Xiaomi; SEGWAY INC.; SWAGTRON; Boosted USA; Airwheel Holding Limited; YAMAHA MOTOR CO., LTD.; Accell Group; Derby Cycle

Growth Factors

 The growing carbon emission by traditional fuel-based vehicles has been a key concern for government authorities. The sustainability move toward smart cities is one of the key factors responsible for the adoption of eco-friendly and cost-effective transportation. Since the electric kick scooters, electric bicycles, and electric skateboards run on batteries, there are no carbon or gaseous emissions from these vehicles. This mode of transportation is gaining popularity amongst environmentally conscious commuters. Adopting such eco-friendly vehicles not only reduces the carbon and sulfur emissions in the atmosphere but also decreases fuel consumption. Furthermore, these vehicles use ultra-quiet chains for operating the electric motor, thereby facilitating noise-free rides.

Key Players

  • Yadea Technology Group Co., Ltd.
  • JIANGSU XINRI E-VEHICLE CO., LTD.
  • Xiaomi
  • SEGWAY INC.
  • SWAGTRON
  • Boosted USA
  • Airwheel Holding Limited
  • YAMAHA MOTOR CO., LTD.
  • Accell Group
  • Derby Cycle

Market Segmentation

  • Vehicle Type
    • Electric Kick Scooters
    • Electric Skateboards
    • Electric Bicycles
  • Battery
    • Sealed Lead Acid
    • NiMH
    • Li-ion
  • Voltage
    • Below 24V
    • 36V
    • 48V
    • Greater than 48V
  • Regional Outlook (Revenue, USD Million, 2018 – 2028)
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

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