Micro Mobility Industry Data Book Covers Electric kick scooters, Electric skateboards and Electric Bikes Markets.
The global micro mobility industry size was estimated at USD 21.43 billion in 2021. The market is expected to expand at a CAGR of 13.9% CAGR (2023 to 2030).
Grand View Research’s Electric kick scooters, Electric skateboards and Electric Bikes industry data book is a collection of market sizing & forecast insights, regulatory & technology framework, pricing intelligence, volumetric analyses, competitive benchmarking analyses, and macro-environmental analyses studies. Within the purview of the database, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research.
Electric Kick Scooter Market Insights
The global electric kick scooter market size was valued at USD 4.3 billion in 2022 and is projected to register a compound annual growth rate (CAGR) of 13.7% from 2023 to 2030.
In terms of battery, the market is segmented into lead acid, others, and lithium-ion (Li-Ion). The demand for lithium-ion battery scooters accounted for over 85% of the overall revenue share in 2022. Performance and environmental advantages of Li-Ion batteries over lead acid batteries are expected to position Li-Ion technology as the global mainstream battery technology in the coming years.
Based on drive, the electric kick scooters market is segmented into below belt drive, chain drive, and hub drive. The hub drive segment dominated the market in 2022 and accounted for more than 90.0% of the global revenue. The hub drive electric kick scooter is popular owing to the compact size of hub motors which provides space to add more components such as fuel packs or battery packs.
Based on end-use, the electric kick scooters market is segmented into personal vehicle and commercial vehicle. The personal vehicle segment is expected to hold a dominant share of more than 60% in the market. The high segmental share is attributed to the high adoption among kids and adults.
Access the Global Micro Mobility Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory & technological framework studies
E-bikes Market Insights
The global e-bikes market size was valued at USD 17.83 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.5% from 2022 to 2030.
Based on propulsion type, the market has been segmented into throttle-assisted and pedal-assisted. The pedal-assisted segment dominated the market in 2021 and accounted for over 58% market share. Pedal-assisted e-bikes generate greater power from the motor, enabling riders to move faster and pedal easily. Moreover, these bikes are widely adopted for use on hills and steep routes. The surge in demand for pedal-assisted e-bikes among the youth is anticipated to contribute to market growth.
Based on battery type, the market has been segmented into lithium-ion (Li-ion) battery and lead-acid battery. The lead-acid battery segment dominated the market in 2021 and accounted for over 54% market share. The segment growth can be attributed to various benefits offered by lead-acid batteries, such as low cost and robustness. However, the adoption of these batteries is projected to decline over the coming years as they are bulky and discharge rapidly.
The above 250W segment accounted for a 50% share of the overall market in 2021. E-bikes with a power output of over 250W have gained popularity as they can effortlessly be ridden on hilly and steep areas. This is expected to drive the growth of the segment over the forecast period as well.
The trekking segment accounted for over 49.6% share of the global revenue in 2021. The use of e-bikes is rapidly increasing for recreational and trekking activities. Additionally, the growing awareness for performance-based adventure, along with the increasing demand for leisure activities, is expected to further contribute to the market growth.
Micro Mobility Market – Global Industry Segmentation
E-Vehicle Type Outlook (Revenue, USD Million, Volume Units; 2018 - 2030)
- Kick Scooters
- Bikes
- Skateboards
Battery Type Outlook (Revenue, USD Million; Volume Units; 2018 - 2030)
- Sealed Lead Acid
- NiMh
- Lithium Ion
Voltage Type Outlook (Revenue, USD Million; Volume Units; 2018 - 2030)
- Below 24V
- 36V
- 48V
- Greater than 48V
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Micro Mobility Industry Data Book Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Mexico
- Middle East & Africa (MEA)
Micro Mobility Industry Data Book Competitive Landscape
Major players are particularly focused on streamlining technology have been one of the most popular growth strategies used by OEMs in this industry. These players have adopted the strategies such as merger and acquisition, collaboration, and product launch to increase their business footprint in the global market.
Key players operating in the micro mobility industry are –
- Segway Inc.
- Jiangsu Xinri E-Vehicle Co. Ltd.
- YADEA Technology Group Co., Ltd.
- NIU International
- Bird Rides, Inc.
- SWAGTRON
- SEGWAY INC.
- Xiaomi
- iconBIT GmbH
- Razor USA LLC
Go through the table of content of micro mobility industry data book to get a better understanding of the Coverage & Scope of the study
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