Micro Mobility Market is Expected to Reach $32.4 Billion by 2031

o Micro Mobility Market is Expected to Reach $32.4 Billion by 2031, at a CAGR of 12.4% from 2024 to 2031

Global XXX Market 2024-2031 Meticulous Research a leading global market research company, published a research report titled, Micro Mobility Market by Mobility Type (Electric (E-bikes, E-kick Scooters, Others), Manual), Sharing Type (Docked, Docked-less), Speed, End User (Private, Commercial (Corporate, Universities, Government, Others)) & Geography- GlobalForecast to 2031. Micro Mobility Market Growth Drivers Growing Demand for Sustainable Transportation Boosting Market Growth The demand for sustainable transportation solutions is on the rise due to increasing urbanization, a growing global population, and the expanding e-commerce sector. The transportation industry significantly contributes to carbon emissions, prompting a shift towards more eco-friendly solutions. Micro mobility is pivotal in this transition, offering a means to reduce traffic congestion, greenhouse gases, and noise pollution in urban areas. Governments and businesses alike are integrating micro mobility solutions into their operations to promote sustainability. As these efforts continue, the micro mobility market is expected to grow substantially, driven by the need for more sustainable transportation options. Increasing Use of Smartphones is Driving the Demand for Micro Mobility The proliferation of smartphones has revolutionized many industries, including transportation. With advancements in GPS tracking, connectivity, and mobile payments, micro mobility solutions have become more accessible and user-friendly. Smartphones enabe seamless access to micro mobility vehicles through apps, allowing users to locate, unlock, and pay for rides effortlessly. This convenience has spurred the adoption of micro mobility services, particularly in urban areas where traditional transportation methods are less efficient. The widespread use of smartphones is a significant driver of the micro mobility market, facilitating easier and more efficient transportation options. Micro Mobility Market Trends Integration of IoT & IoT SIM Cards in Micro Mobility The Internet of Things (IoT) is transforming the micro mobility landscape by enhancing vehicle functionality and user experience. IoT technology enables real- time monitoring and control of micro mobility devices, improving their availability, usability, and safety. IoT SIM cards play a crucial role in this ecosystem, providing continuous data transfer on usage statistics, battery levels, and vehicle positions. This data allows operators to optimize fleet management, ensuring efficient and reliable service. The integration of IoT in micro mobility is making urban transportation more intelligent and user-centric, driving market growth. Page 1 of 4 Meticulous Research| sales@meticulousresearch.com

Global XXX Market 2024-2031 Use of Micro Mobility Services in Smart Cities Smart cities prioritize sustainable and efficient transportation systems, and micro mobility is an integral component of this vision. Micro mobility solutions complement mass public transit systems by providing first- and last-mile connectivity. They reduce reliance on private vehicles, decrease urban congestion, and minimize environmental impact. As cities continue to develop smart infrastructure, the adoption of micro mobility services is expected to increase, offering residents convenient and eco-friendly transportation options. The alignment of micro mobility with smart city initiatives is a significant trend propelling the market forward. Micro Mobility Market Opportunity Growing Adoption of Micro Mobility Fleets by Several Governments Governments worldwide are recognizing the benefits of micro mobility in enhancing urban transportation networks. Micro mobility vehicles help reduce traffic congestion, emissions, and noise pollution, contributing to healthier and more sustainable cities. Many municipalities are investing in micro mobility infrastructure to address the first- and last- mile transportation challenges. For example, the Municipality of Arezzo in Italy has partnered with TIER Mobility SE to introduce e-scooters, promoting sustainable transportation options. Such initiatives present significant growth opportunities for micro mobility providers, fostering market expansion. Micro Mobility Market Analysis: Key Findings By Mobility Type: Manual Mobility Segment to Dominate In 2024, the manual mobility segment is projected to hold the largest share of the micro mobility market. The preference for sustainable, eco-friendly transportation solutions and the need for effective first- and last-mile options are driving this trend. Governments are also investing in infrastructure to support manual mobility. For instance, France's $2.2 billion plan to improve cycling infrastructure highlights the growing emphasis on manual mobility. However, the electric mobility segment is anticipated to grow rapidly, driven by innovations in e-bikes and e-scooters that offer longer travel ranges and enhanced user experiences. By Speed: Up to 25 km/h Segment to Dominate The up to 25 km/h segment is expected to dominate the micro mobility market in 2024, due to the increased deployment of compact micro mobility vehicles designed for urban environments. These vehicles offer stability and ease of riding, making them popular among users. The 25 km/h to 50 km/h segment is also poised for growth, with Page 2 of 4 Meticulous Research| sales@meticulousresearch.com

Global XXX Market 2024-2031 rising demand for more powerful micro mobility solutions capable of covering longer distances efficiently. By Sharing Type: Docked Segment to Dominate Docked micro mobility systems are set to lead the market, offering advantages such as protection against theft and vandalism. The growing adoption of shared mobility in urban areas and investments in docking infrastructure support this segment's dominance. Docked systems are particularly beneficial in maintaining vehicle security and promoting organized urban transportation networks. By End User: Commercial Segment to Dominate The commercial segment is projected to hold the largest share of the micro mobility market in 2024. Businesses are increasingly adopting micro mobility solutions to provide sustainable transportation options for employees and customers. The commercial use of micro mobility vehicles is expanding across universities, healthcare centers, and corporate campuses, enhancing commuting efficiency and promoting eco-friendly practices. Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5842 Geographical Analysis Europe to Dominate the Micro Mobility Market Europe is expected to lead the global micro mobility market, driven by the high adoption of e-bikes and e-scooters and a strong focus on reducing car usage and emissions. The region's commitment to sustainable transportation is evident in the expansion of micro mobility services across major cities. For example, Bird Global's operations in Italy, France, and Spain underscore the growing emphasis on eco-friendly transportation. However, the Asia-Pacific region is anticipated to exhibit the highest growth rate, fueled by urbanization and the increasing demand for shared micro mobility solutions. In conclusion, the micro mobility market is poised for significant growth, driven by the demand for sustainable transportation, technological advancements, and supportive government initiatives. The integration of IoT, the rise of smart cities, and the increasing use of smartphones are key trends shaping the market. As cities and businesses continue to prioritize eco-friendly transportation, the micro mobility market will expand, offering innovative solutions for urban mobility challenges. Page 3 of 4 Meticulous Research| sales@meticulousresearch.com

Global XXX Market 2024-2031 Key questions answered in the report- Which are the high-growth market segments based on mobility type, speed, sharing type, and end user? 1. 2.What was the historical market for micro mobility? 3.What are the market forecasts and estimates for the period 2024 2031? 4.What are the major drivers, restraints, and opportunities in the micro mobility market? 5.Who are the major players, and what shares do they hold in the micro mobility market? 6.What is the competitive landscape like in the micro mobility market? 7.What are the recent developments in the micro mobility market? 8.What are the different strategies adopted by the major players in the micro mobility market? 9.What are the key geographic trends, and which are the high-growth countries? 10.Who are the local emerging players in the global micro mobility market, and how do they compete with the other players? Contact Meticulous Email- sales@meticulousresearch.com Contact Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Us: Research Sales- +1-646-781-8004 Page 4 of 4 Meticulous Research| sales@meticulousresearch.com