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Micro-Mobility Charging Infrastructure Market: By Vehicle Type (E-Scooters, E-Bikes, E-Unicycles, E-Skateboards), By Charger Type (Wired, Wireless), By Power Source (Solar Powered, Battery Powered), By End Use (Commercial, Residential), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
Micro-mobility charging infrastructure refers to ramps, docking stations, and more. This charging infrastructure can be installed in both household and business settings. At the micro-mobility charging station, several micro-mobility vehicles, including electric bikes and scooters, can be charged simultaneously. Micro-mobility is viewed as a practical way to reduce greenhouse gas emissions and increase access to public transit. Many businesses are making an effort to overcome the problems with free-floating micro-mobility by returning to docked mobility, which is based on the numerous well-proven docked bike and e-bike sharing schemes that have been growing in cities, mostly over the previous decade.
Micro-Mobility Charging Infrastructure Market to surpass USD 57.8 billion by 2032 from USD 4.54 billion in 2021 at a CAGR of 26.1% in the coming years, i.e., 2022-32. Micro-Mobility demand is anticipated to be driven by factors like fuel and cost efficiency, a growing desire to lessen carbon footprint, and ongoing urbanization. The Micro-Mobility Charging Infrastructure Market is then anticipated to grow globally due to this. The Micro-Mobility Charging Infrastructure Market is predicted to be further driven by the development of solar-powered charge stations with intelligent parking systems.
Figure - Market Analysis of Micro-Mobility Charging Infrastructure Market
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Micro-Mobility Charging Infrastructure Market is categorized on the basis of Vehicle Type into E-Scooters, E-Bikes, E-Unicycles, and E-Skateboards. In previous years, the E-Scooter segment held a bigger revenue share. Over the projected period, the E-Bikes segment would experience considerable growth. Over the projected period, the segment's growth is anticipated to be fueled by the growth of e-bike charging stations in tourist and public locations. There is a huge need for charging stations that can charge several e-bikes simultaneously. These e-bike charging stations can also be quickly and simply placed on a wall or free-standing.
Micro-Mobility Charging Infrastructure Market is categorized on the basis of End Use into Commercial and Residential. In terms of revenue, the residential sector dominated the market in 2021. Customers are moving toward micro-mobility vehicles due to factors including rising urbanization and worsening traffic congestion. Over the forecast period, the commercial category is expected to have significant growth. The micro-mobility charging infrastructure established in numerous shopping centers and office buildings to offer tourists hassle-free services is an example. In addition, a lot of businesses now offer charging stations to hotels, businesses, and other tourist destinations so that customers and staff may quickly charge their e-scooters and e-bikes.
Figure - Market Analysis of Global Micro-Mobility Charging Infrastructure Market
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One of the main factors influencing the market growth is the rising use of micro-mobility vehicles like e-scooters and e-bikes to help reduce pollution and congestion, especially in crowded cities. For nations throughout the world concentrating on fixing their transportation issues and growing concerned about pollution from gasoline or diesel automobiles, micro-mobility is a better option than public transportation. Furthermore, it is anticipated that government subsidies and tax breaks intended to promote the use of micro-mobility vehicles will expand market growth prospects.
The primary driver of the growth of the micro-mobility charging infrastructure is the growing public awareness of flexible transportation options and the government's increasing emphasis on renewable energy sources. The car industry is compelled to make environmentally friendly vehicles by several technological advancements, progressions, and expanding trends. The global construction of numerous charging stations is predicted to increase e-bike sales. The elements driving the growth of this industry are the rising cost of fuel on a global scale, parking issues, and increasing traffic congestion.
The lack of legislation supporting the use of micro-mobility automotive technology and low awareness of shared mobility in emerging economies may hinder the Micro-Mobility Charging Infrastructure Market growth in the near future. Car-share, bike-share, and ride-share systems all face comparable obstacles. These obstacles include everything from how shared mobility systems are physically and functionally constructed to how users must pay to use the systems to how low-income groups view and comprehend the systems themselves.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Micro-Mobility Charging Infrastructure Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific region dominated the market in 2021, with a sizeable portion of the global revenue. The governments of numerous countries in the region's smart city projects and efforts are responsible for the region's market's promising growth.
Over the forecast period, North America's regional market is anticipated to grow at the fastest rate. The area market's growth can be linked to people becoming more conscious of the importance of using environmentally friendly transportation methods. Moreover, the region's natural characteristics and urban development encourage the usage of micro-mobility charging infrastructure. The regional market is also anticipated to be driven by the presence of numerous notable companies in the area.
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The COVID-19 pandemic is anticipated to have a negative effect on the Micro-Mobility Charging Infrastructure Market. Owing to the epidemic, fewer people used public transportation since companies were shut down and individuals stayed at home. The profitability of market participants was affected by this. Furthermore, a significant influence was seen on the need for micro-mobility charging infrastructure as a result of the pandemic keeping micro-mobility car manufacturing facilities closed. The scarcity of raw materials caused serious problems for several companies.
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REPORT ATTRIBUTE |
DETAILS |
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Market Size Value in 2021 |
USD 4.54 billion |
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Revenue Forecast in 2032 |
USD 57.8 billion |
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Growth Rate |
CAGR of 26.1% from 2022 to 2032 |
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Base Year for Estimation |
2021 |
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Quantitative Units |
Revenue in USD billion and CAGR from 2022 to 2032 |
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Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments Covered |
Vehicle Type, Charger Type, Power Source, End Use, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key Companies Profiled |
Bikeep, Perch Mobility, SWIFTMILE, Ather Energy, Get Charged Inc., The Mobility House GmbH, Solum PV, Giulio Barbieri SRL, Ground Control Systems, Magment GmbH, Flower Turbines, and Other Prominent Players. |
The Micro-Mobility Charging Infrastructure Market size was estimated at USD 4.54 billion in 2021 and is expected to reach USD 57.8 billion in 2032.
Micro-mobility charging infrastructure refers to ramps, docking stations, and more. This charging infrastructure can be installed in both household and business settings. At the micro-mobility charging station, several micro-mobility vehicles, including electric bikes and scooters, can be charged simultaneously.
The E-Bikes and Commercial segments accounted for the larger share of the Micro-Mobility Charging Infrastructure Market.
Key players in the Micro-Mobility Charging Infrastructure Market are Bikeep, Perch Mobility, SWIFTMILE, Ather Energy, Get Charged Inc., The Mobility House GmbH, Solum PV, Giulio Barbieri SRL, Ground Control Systems, Magment GmbH, Flower Turbines, and Other Prominent Players
. The major drivers of the Micro-Mobility Charging Infrastructure Market are fuel and cost efficiency, a growing desire to lessen carbon footprint, and ongoing urbanization.
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