Rising traffic congestion, rising air pollution levels and longer urban commutes are key factors driving the growth of the global micro-mobility market.

VANCOUVER, BC, CANADA, April 28, 2022 /EINPresswire.com/ — The Observation is an expert survey of generated sales and capacity estimates for the micro-mobility market for the forecasted period 2021-2028, allowing business owners to hold an aggressive facet over their rivals.

The micromobility market is expected to reach a market size of USD 290.39 billion in 2028 and register a double-digit CAGR over the forecast period, according to the latest analysis from Emergen Research. The robust revenue growth of the market can be attributed to the growing range of transportation services and vehicles, including electric bicycles, dockless and docked shared bikes, electric scooters, and electric skateboards.

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The growing need to reduce traffic congestion in urban areas, reduce reliance on private vehicles and encourage the use of public transport is also driving a move towards micro-mobility solutions. Urban consumers are increasingly adopting micro-mobility solutions due to improved connectivity, mobile payments, fast battery charging, the convenience of these solutions, and the growing penetration of smartphones in urban areas. urban and rural areas. Increasing investments by companies offering micro-mobility solutions are also resulting in the development of more economical and advanced vehicles in the micro-mobility solutions market.

In addition, the report also provides an overview of product portfolios, costs, sales, production capacity, and market players. Raw materials, demand analysis, product flows, and distribution channels have been researched and researched in detail in this research report. Key trends and growth opportunities are offered through in-depth market investigation and review. A detailed development course is offered in the report along with related business information including local firms, industries, organizations, suppliers and manufacturers.

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The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches, brand promotions, among others.

Key players analyzed in the report: Bird Rides, Inc., Lime Scooter, Micro Mobility Systems Ltd.s, Ofo Inc., Mobike, Motivate International Inc. (Lyft), Pride Mobility Products Corporation, Golden Technologies, Uber, and Invacare Corporation.

The report covers key points of the market including the standards, regulations and policy changes enforced by the government in the industry for the coming years. The report encompasses in-depth research conducted through the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to identify trends and growth patterns. Factors likely to influence market growth, current trends, opportunities, restraining factors, and the business landscape are thoroughly discussed in the market study.

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Further, the report splits the Micro-Mobility market into key segments and sub-segments to offer an analysis of product type and industry application spectrum. It also offers predictions on which segments are expected to show significant growth over the forecast period.

Emergen Research has segmented the global micromobility market based on application, type, travel range, weight capacity, and region:
Application Outlook (Revenue, USD Billion; 2021-2028)
Residential
Commercial

Type Outlook (Revenue, USD Billion; 2021-2028)
2 wheels
3 wheels
Others

Travel Mix Outlook (Revenue, USD Billion; 2021-2028)
Up to 20km
20-40km
More than 40km

Weight Capacity Outlook (Revenue, USD Billion; 2021-2028)
Up to 100 kg
100-250Kg
More than 250Kg

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The report further examines the market in key regions of the world with respect to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of leading players in the regions. The report also covers the expansion plans undertaken by the companies in the regions under the regional analysis section.

Regional segmentation
North America (USA, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

Overview of the Micro-Mobility Market Report:
Introduction, Product Scope, Market Overview and Opportunities
Manufacturers Analysis with Sales, Revenue and Price Analysis
Complete analysis of the competitive landscape
Detailed profiling of key competitors along with their business strategies and market size
Regional analysis of the market along with sales, revenue, market share and global position
Country-wise analysis of the market along with types, applications, and manufacturing
Strategic recommendations to established players as well as new entrants
In-depth analysis of risks, restraints and limitations of the micro-mobility industry

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Thank you for reading our report. Customization of the report is available as per customers’ requirements. Please contact us to learn more about the report, and our team will ensure the report is tailored to your needs.

Benefits of Purchasing Global Micro Mobility Market Report:
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Analyst Support: Resolve your query with our team before and after purchasing the report.
Strategic Recommendations: The report is useful for start-ups and new entrants as it provides comprehensive analysis and recommendations based on qualitative and quantitative analysis.
Client Satisfaction: Our team will meet all your research needs and customize the report.
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Finally, all aspects of the Micro Mobility Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market based on market drivers, limitations and its future prospects.

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