Micromobility is a growing transportation sector that includes commuting using a variety of lightweight vehicles such as electric scooters, electric skateboards, and electric bicycles. Factors such as increasing traffic congestion, rising oil and gas prices, ease of parking and saturation in the auto sector are expected to drive the market growth during the forecast period.
Micromobility Market Scope:
The most recent developments, regulatory frameworks, trade analysis, business models, supply chain utilization, market dominance, the impact of residential and localized market participants, assessments of possibilities in terms of evolving revenue spots, regulatory shifts, tactical industry growth analysis, sales volume, categorical market growth, implementation niches and dominance, product releases, global coverage, and product latitude are all covered in this market review. Contact Stellar Market Research for an Analyst Brief to learn more about the Micromobility market. In order to achieve market growth, our personnel will assist you in making informed market decisions.
Micromobility Market Overview:
The study is Micromobility Market based on extensive research, qualitative and quantitative assessments by industry experts, and feedback from field personnel and supply chain actors. The research looks into parent market trends, macroeconomic statistics, regulating variables, and market attractiveness by segment. The study also depicts the qualitative impact of major market factors on market segments and geographies.
Micromobility Market size was valued at US$ 32.3 Billion in 2020 and the total Micromobility Market revenue is expected to grow at 17.5% through 2021 to 2027, reaching nearly US$ 100.5 Billion.
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The market's leading players are embracing various growth strategies, such as partnerships and strategic alliances, as well as new product launches, to increase their presence in emerging markets and, ultimately, to broaden their customer base.
The following are some of the key players in the Micromobility market:
Yadea Technology Group Co., Ltd. (China)
JIANGSU XINRI E-VEHICLE CO., LTD. (China)
SEGWAY INC. (USA)
Boosted USA (USA)
Airwheel Holding Limited (USA)
YAMAHA MOTOR CO., LTD. (Japan)
Accell Group (Netherlands)
Derby Cycle (Germany)
Beam Mobility Holdings PTE. Ltd (Singapore)
Bird Rides (USA)
Floatility GmbH (Germany)
Yulu Bikes Pvt. Ltd (China)
Individual market influencing factors and changes in market regulations that affect current and future marketing tactics are also discussed in the country-focused discussion of the Micromobility market study. Some of the major factors used to forecast the market scenario for specific countries are consumer volumes, processing facilities and inventories, shipping analysis, price prediction modelling, raw material prices, and upstream and downstream value chain analysis. The availability and affordability of global brands, as well as the challenges they face due to large or limited competition from local and domestic producers, the effect of local tariffs, and shipping routes, are all considered while providing forecast analysis of national data.
COVID-19 Impact Analysis on Micromobility Market:
The COVID-19 outbreak caused a significant and prolonged drop in production efficiency, while travel bans and factory closures kept people away from their businesses, causing the Micromobility market to slow in 2020. The new study examines the impact of the pandemic on the Micromobility market, as well as observations, research, estimates, and projections. The Stellar Micromobility Market Research report examines customer behaviour in the aftermath of the virus, as well as its impact on the Micromobility market's outlook, classification, trends, and economic constraints.
Key Questions Answered in the Micromobility Market Report are:
- What are the drivers motivating overall Micromobility market advancement in the upcoming period?
- What revenue potential is estimated from the Micromobility market’s transactions in the years ahead?
- What CAGR potential is forecasted for the Micromobility market in the approaching period?
- Who are the significant contenders functioning in the Micromobility market?
- Which region is leading the global Micromobility market share at the end of the forecast period?
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