Micro Mobility Charging Infrastructure Market

Global Micro Mobility Charging Infrastructure Market Size (2024 to 2029)

The global micro mobility charging infrastructure market is predicted to reach USD 5.65 billion in 2024 and USD 15.91 billion by 2029, growing at a CAGR of 23.02% during the forecast period.

Micro Mobility is finding applications in all short transportation requirements for commercial enterprises as well as individuals. This mode of transportation offers a sustainable travel mode and also provides a better alternative for last-mile travel. The growing investments in the micro mobility modes of transportation are expected to lead the micro mobility charging infrastructure market during the forecast period.

MARKET DRIVERS

Increasing awareness about greenhouse gas emissions, increasing oil and gas prices, ease of parking, and rising road congestion are expected to play an essential role in the growth of the Micro Mobility Charging Infrastructure market across the globe.

Another factor, such as increasing awareness about the flexible transportation alternative among users across the globe, influences the growth of the Micro Mobility Charging Infrastructure market during the forecast period. The rapid growth of demand for shared mobility solutions and increased investments in micro-mobility modes are some of the major driving factors that promote the growth of the revenue rate of the Micro Mobility Charging Infrastructure market during the forecast period.

MARKET RESTRAINTS

A low level of awareness about shared mobility across emerging economies is one of the important barriers to market growth. Also, the lack of legislation favoring the use of micro-mobility automotive acts as an important deterrent to the growth of the Micro Mobility Charging Infrastructure market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Micro Mobility Charging Infrastructure Market Analysis By Vehicle Type

The E-Scooters segment held a prominent share since most of the riders have started using more and more scooters, which are easy to park and recharge. Furthermore, these E-Scooters charging platforms helps to reduce the traffic congestion and also improves air quality by lowering the E-Scooter recovery operations and is predicted to remain at the forefront throughout the forecast period. The e-bike segment is expected to increase the market rate owing to the increasing deployment of e-bike charging stations in tourist and public areas.

Global Micro Mobility Charging Infrastructure Market Analysis By Charger Type

The wired charger segment holds the major share of the market, and this segment is expected to hold dominance during the forecast period since the companies are focussing mostly on implementing wired charging stations as they are convenient to use. The wireless charger segment is also expected to increase the market value owing to factors such as increasing usage of autonomous vehicles in logistics by prominent retail multinational corporations and public transport.

Global Micro Mobility Charging Infrastructure Market Analysis By Power Source

The battery-powered segment held a prominent share of the market among the other segments as these charging stations can be installed in public places and also in privately owned parking lots and garages. Also, these battery-powered stations can charge multiple stations simultaneously.

Global Micro Mobility Charging Infrastructure Market Analysis By End Use

The residential segment has the dominant share due to factors such as increase in urbanization and growing in traffic congestion

REGIONAL ANALYSIS

The Asia Pacific region holds a prominent share of the market due to Increasing awareness about greenhouse gas emissions. Furthermore, the gradual rise in Micro Mobility Charging Infrastructure adoption in the region, especially in some countries such as India and China, Japan, propels the growth of the market. The Asia Pacific region is expected to hold the dominance during the forecast period.

North American region is also expected to increase the market growth due to the rising awareness about eco-friendliness; the presence of a large number of prominent players in the region propels the growth of the revenue rate of the enterprise software market during the forecast period. Furthermore, the increasing investments by the major key players of the market for R&D activities and also for the new advancements in the technology is also one of the major driving factors that promote the growth of the revenue rate of the Micro Mobility Charging Infrastructure market.

The European region will gain good profits from the market, followed by the North American and Asia Pacific regions during the outlook period.

Latin America, and Middle East & Africa are expected to have the dominant growth rate in the future.

KEY PLAYERS IN THE GLOBAL MOBILITY CHARGING INFRASTRUCTURE MARKET

Key market participants in the Micro Mobility Charging Infrastructure market are Giulio Barbieri SRL, Ground Control Systems, Magment GmbH, Ather Energy, bike-energy, Bikeep, Flower Turbines, Get Charged, Inc., Perch Mobility, Robert Bosch GmbH, Solum PV, SWIFTMILE, The Mobility House GmbH.

RECENT HAPPENINGS IN THE GLOBAL MOBILITY CHARGING INFRASTRUCTURE MARKET

• In March 2021, France-based industry players have commenced installing 150 charging points for micro mobility vehicles such as e-scooters and e-bicycles. The main aim of this venture is to exemplify how the charging infrastructure will spur the use of micro-mobility along with aiding the reduction of pollution that can help minimize the changes in seasonal cycles.

DETAILED SEGMENTATION OF THE GLOBAL MOBILITY CHARGING INFRASTRUCTURE MARKET INCLUDED IN THIS REPORT

The global micro mobility charging infrastructure market is segmented based on the vehicle type, charger type, power source, end use, and region.

By Vehicle Type

• E-Scooters
• E-Bikes
• E-Unicycles
• E-Skateboards

By Charger Type

• Wired Charger
• Wireless Charger

By Power Source

• Solar Powered
• Battery Powered

By End Use

• Commercial
• Residential

By Region

• North America
• Asia Pacific
• Latin America
• Middle East & Africa
• Europe