Global Micro-Mobility Charging Infrastructure Market Size, Share, Growth Analysis, By Vehicle Type(E-scooters, E-bikes), By Charger Type(Wired, and Wireless) - Industry Forecast 2024-2031

Global Micro-mobility Charging Infrastructure Market size was valued at USD 4.80 billion in 2022 and is poised to grow from USD 6.01 billion in 2023 to USD 36.28 billion by 2031, growing at a CAGR of 25.2% during the forecast period (2024-2031).

Market expansion is mostly driven by the quick adoption of micro-mobility vehicles, including e-bikes and e-scooters, with the goal of reducing pollution and congestion, especially in densely populated metropolitan centres. In addition to providing countries all over the world with a solution to their transportation problems, micro-mobility also addresses the growing worries about emissions from gasoline and diesel automobiles. Micro-mobility offers a feasible alternative to existing public transit systems. Furthermore, the market's growth prospects are further enhanced by the introduction of tax incentives and government subsidies. A strong network of micro-mobility charging stations is essential given the growing use of micro-mobility vehicles in the business and transportation sectors. To meet this growing demand, producers of micro-mobility vehicles are deliberately concentrating on building extensive global charging networks. Notably, the German e-scooter startup TIER secured a sizable amount of capital for 2020 city expansion in Europe, pointing to encouraging trends for the market expansion for micro-mobility charging infrastructure during the forecast period. Prominent multinational corporations are proactively launching novel offerings to prosper in a progressively cutthroat commercial landscape. One such instance is Ola Electric Mobility Pvt Ltd, which debuted the Ola Hypercharger Network, a network of electric charging stations intended to serve its line of e-scooters globally. The bold ambition to place 5,000 charging stations in 100 Indian towns demonstrates the company's dedication to easy e-scooter charging and creates opportunities for expansion. One noteworthy development in recent times has been the increasing need for wireless charging stations for e-scooters and e-bikes. To reduce charger charging times and improve operating efficiency, several industry participants are developing innovative devices. For instance, efforts to improve the overall user experience for e-scooter users are highlighted by LG Electronics' May 2021 introduction of wireless charging stations in Bucheon, Seoul, in partnership with Olulo, Inc.'s Kickgoing, a local e-scooter sharing service provider. This demonstrates the importance of wireless charging in the market.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Micro-mobility Charging Infrastructure Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Micro-mobility Charging Infrastructure Market Segmental Analysis

The vehicle type, charger type, power source, end-use, and region segments make up the worldwide micro-mobility charging infrastructure market. The market is divided into four segments based on the kind of vehicle: e-scooters, e-bikes, e-unicycles, and e-skateboards. The market is divided into wired and wireless segments based on the kind of charger. The market is divided into two segments based on power source: battery-powered and solar-powered. The market is divided into two segments based on end-use: residential and commercial. The market is divided into four regions: North America, Latin America, Asia Pacific, and Middle East & Africa (MEA).

Drivers of the Global Micro-mobility Charging Infrastructure Market

The adoption of micro-mobility solutions is being driven by rising environmental awareness and the need to minimize pollution and carbon emissions from traditional automobiles. This is increasing demand for charging infrastructure.

Restraints in the Global Micro-mobility Charging Infrastructure Market

The widespread adoption of micro-mobility vehicles may be impeded by inadequate infrastructure for charging, particularly in some areas, since customers require easily accessible and convenient charging stations.

Market Trends of the Global Micro-mobility Charging Infrastructure Market

The market for micro-mobility charging infrastructure is in line with the larger trend of smart cities. Micro-mobility charging infrastructure is essential to the creative transportation solutions that cities around the world are deploying. In order to create a network that facilitates effective and sustainable last-mile transportation, charging stations are positioned strategically in urban centers, transportation hubs, and well-known locations.