PUBLISHER: The Business Research Company | PRODUCT CODE: 1779378
PUBLISHER: The Business Research Company | PRODUCT CODE: 1779378
Micro-mobility refers to the use of bicycles, electric scooters, and e-bikes for short-distance commuting within urban areas. Users typically rent these scooters or bikes for a limited time through a mobile application.
The main types of micro-mobility options include bicycles, e-bikes, e-kick scooters, and other similar modes of transportation. An e-kick scooter is a vehicle that can be stood on and propelled at a maximum speed of 15 miles per hour by an electric motor. These scooters operate at various speeds, such as up to 25 kmph and 25-45 kmph, and can be human-powered or electrically powered. They may be part of different sharing models, including docked and dockless systems. Ownership models can include business-to-business and business-to-consumer arrangements.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp rise in U.S. tariffs and ensuing trade tensions in spring 2025 are placing significant strain on the transport sector, especially in areas such as fleet maintenance and logistics. Increased duties on imported commercial vehicles, tires, and engine parts have driven up operating costs for trucking and freight firms, forcing them to either raise shipping rates or accept lower profit margins. Airlines and maritime operators are also under pressure, as tariffs on aircraft components and shipbuilding materials have pushed capital expenditures higher. Meanwhile, retaliatory tariffs in key export markets have weakened demand for U.S.-manufactured transportation equipment, further squeezing revenues. To cope, the industry is turning to fuel efficiency measures, alternative supply sources, and greater automation to manage rising costs while maintaining dependable service.
The micro-mobility market research report is one of a series of new reports from The Business Research Company that provides micro-mobility market statistics, including micro-mobility industry global market size, regional shares, competitors with a micro-mobility market share, detailed micro-mobility market segments, market trends and opportunities, and any further data you may need to thrive in the micro-mobility industry. This micro-mobility market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The micro-mobility market size has grown rapidly in recent years. It will grow from $62.98 billion in 2024 to $75.14 billion in 2025 at a compound annual growth rate (CAGR) of 19.3%. The growth in the historic period can be attributed to urbanization, consumer behavior shifts, economic factors, COVID-19 impact, and infrastructure development.
The micro-mobility market size is expected to see exponential growth in the next few years. It will grow to $161.74 billion in 2029 at a compound annual growth rate (CAGR) of 21.1%. The growth in the forecast period can be attributed to global events and pandemics, health and wellness trends, consumer preferences, data and AI integration, integration with public transit. Major trends in the forecast period include electrification, vehicle diversity, autonomous micro-mobility, focus on user-centric design, circular economy initiative.
The forecast of 21.1% growth over the next five years reflects a modest reduction of 0.6% from the previous estimate for this market.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through tariffs on smart locking systems, GPS tracking modules, and shared fleet management platforms sourced internationally, increasing operational costs for shared e-scooter and e-bike services.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The micro-mobility market is expected to grow, fueled by the rising demand for public transportation. Public transportation encompasses collective travel modes such as buses, trains, and metros, enabling more people to commute along established routes. Micro-mobility enhances this system by improving local mobility within densely populated areas, providing convenient transportation options for individuals. Additionally, urbanization plays a significant role in the increasing demand for micro-mobility, as a growing population seeks efficient travel solutions. According to the Department for Transport, there has been a notable increase in passenger journeys across all public transport modes since the year ending March 2022. National Rail, in particular, saw the most significant growth, with a 46% increase in journeys. Therefore, the rising demand for public transportation is anticipated to drive growth in the micro-mobility market.
The growth of the micro-mobility market is projected to be fueled by the increasing trend of urbanization. Urbanization, characterized by rising population concentration in cities and towns, prompts the expansion of urban areas. Micro-mobility solutions play a crucial role in addressing transportation challenges associated with urbanization, including traffic congestion, parking demand, and environmental sustainability. As of January 2022, the United States Department of Commerce reported a population increase in the US to 332,403,650, growing by 0.21% from 2021. This exemplifies the ongoing urbanization trend contributing to the growth of the micro-mobility market.
An emerging trend in the micro-mobility market is the focus on product innovations by major companies. These innovations involve the development of technologically advanced products to gain a competitive advantage. For instance, in January 2022, LIME, a US-based micro-mobility company, introduced the Gen4 E-bike-a swappable battery electric bike with features such as increased motor power, a mobile-phone holder, a handlebar with display mirroring, an automatic two-speed transmission, and a modular design.
Innovative products, particularly those incorporating cognitive intelligence (CI) for micro-mobility, are gaining popularity in the market. Companies are striving to create a society where mobility brings happiness and liberation. In November 2022, Honda R&D Co. Ltd., a Japan-based company, launched CI-powered micro-mobility devices that combine Honda CI with Honda AI, emphasizing stress-free, environmentally sustainable, and easily transportable solutions. The development of micro-mobility technologies with CI aims to enable ubiquitous, stress-free, and collision-free movement of people and objects.
In November 2022, Helbiz Inc., a US-based intra-urban transportation company, successfully completed the acquisition of Wheels Labs Inc. This undisclosed sum acquisition enhances Helbiz's operational capacity, expanding its market presence to 67 markets globally. The acquisition contributes to a more diversified business model and improves the company's financial profile. Wheels Labs Inc. is a US-based company specializing in micro-mobility leasing and management.
Major companies operating in the micro-mobility market include Yadea Technology Group Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Xiaomi Corp., Segway Inc., Swagtron, Airwheel Holding Limited, Yamaha Motor Co. Ltd., Accell Group N.V., Derby Cycle AG, Neutron Holdings Inc., Bird Rides Inc., ElectricFeel AG, Beam Mobility Holdings Pte. Ltd., Dott B.V., Yulu Bikes Pvt. Ltd., Voi Technology AB, Tier Mobility GmbH, Dynamic, Helbiz Inc., Veo Technologies Inc., Razor USA LLC, Ninebot Inc., Gogoro Inc., Superpedestrian, VanMoof, Cowboy, Spin
Asia-Pacific was the largest region in the micro-mobility market in 2024. North America is expected to be the fastest-growing region in the micro-mobility market during the forecast period. The regions covered in the micro-mobility market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the micro-mobility market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The micro-mobility market consists sales of electric scooters, electric skateboards, shared bicycle fleets, and electric pedal assisted (pedelec) bicycles. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Micro-Mobility Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on micro-mobility market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for micro-mobility ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The micro-mobility market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.