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Micro mobility entails vehicles like bikes, scooters, bicycles, and autonomous shuttles that are ideal for less than a 5km distance. Micro mobility shows great promise for the growing problem of congestion in the cities. There are many growing commercial applications for micro mobility vehicles, such as short-distance deliveries. Also, there is a rising trend of micro mobility vehicles. 1.
Key findings There has been an increase in connected and autonomous vehicles for micro mobility. There is rising adoption of mobility-as-a-service (MaaS). Cybersecurity issues with passenger and vehicle data generation can hinder the market growth.
Inkwood Research anticipates that the global micro mobility market will reach $13266.38 million by 2026, growing at a CAGR of 12.09% during the forecast period, 2021-2026.
Key drivers Growing congestion in cities Declining battery prices Shortage of parking spaces Travel cost savings
Major Players in the market: Bird Rides Inc Limebike Segway Spin Scooters Micro Mobility Systems AG Swiftmile
Market by Location: Roads Tracks (Shared Paths) Footpath
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