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Strategic Analysis of the Global Micro Mobility Sharing Market, Forecast to 2025
Future Growth Potential Enhanced by Opportunities Due to Government Push, Regulatory Reforms and Advancement in Technologies
06-May-2021
Global
Market Research
The global micromobility is poised to grow as one of the most attractive forms of sustainable mobility in the future. While the market was impacted severely by the COVID-19 crisis, it has also been one of the first mobility markets where demand has resurged. Micromobility has emerged as one of the most convenient, affordable, and safe modes of travel during these challenging times. This trend is expected to continue in the new normal. Frost & Sullivan has analyzed the key trends expected to drive the market from a short-to-mid-term perspective. The aim of the study is to analyze the current state of the micromobility market and identify key underlining challenges and growth opportunities for various stakeholders across the micromobility value chain.
In 2020, the global micromobility market had a fleet of approximately 20.5 million vehicles. This is expected to cross 31 million in 2025, taking into account the impact of the COVID-19 pandemic. Across the globe, bike sharing currently holds close to 98% of the micromobility market’s fleet size. However, kick scooter sharing and scooter sharing are growing at a fast pace in several countries across the globe.
One of the key disruptive trends in the growth of micro mobility services can be attributed to the advancement in technologies. Technology providers today offer a host of solutions for fleet operations, ranging from complete fleet management and operations suite to offering dedicated solutions. These range from infrastructure solutions, such as smart docking stations, solar powered charging stations, and mobility hubs, to hardware solutions, including smart locks and sensors, to high-end software solutions that include, but are not limited to, mapping and navigation, fleet security, real-time fleet data and analytics, and intelligent fleet management, driven by AI engines and IoT sensors.
Micromobility business models are also evolving, driven by varying operational structures such as public-private partnerships, privately owned bike sharing systems, and non-profit programs. Future business models are expected to offer bundled services, along with public transit systems to consumers. Micro mobility services are also expected to increasingly focus on Tier-II and Tier-III cities for expansion. Micro mobility systems are expected to be embedded into community transportation and will become an integral part of emerging Mobility as a Service (MaaS) ecosystems.
Key segments addressed:
This study covers bike sharing, kick scooter sharing, and scooter sharing. These are the dominant sharing modes that come under micromobility sharing. Each market is covered in detail, comprising trends, drivers, restraints, and fleet forecast till 2025.
Key Issues Addressed:
- What are the key drivers and restraints influencing the growth of the micro mobility sharing market?
- What is the pace of growth of the micromobility sharing fleet size?
- What is the impact of COVID-19 on the micromobility sharing market?
- Which are the main trends shaping the micromobility sharing market?
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of Strategic Imperative 8™ on the Micromobility Sharing Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Micromobility Sharing Scope of Analysis
Micromobility Sharing Market Segmentation and Definition
Key Competitors in the Micromobility Sharing Market
Key Growth Metrics for Micromobility Sharing
Growth Drivers in Micromobility Sharing Market
Growth Restraints in the Micromobility Sharing Market
Forecast Assumptions
Fleet Size Forecast—Micromobility Sharing
Fleet Size Forecast by Region—Micromobility
Fleet Size Forecast by Segment—Micromobility Sharing
Scooter Sharing Market—Key Findings
Bike Sharing Market—Key Findings
Kick Scooter Sharing Market—Key Findings
Fleet Forecast Analysis—Micromobility Sharing
Fleet Forecast Analysis by Region—Micromobility Sharing
Micromobility Sharing Stakeholder Ecosystem
Scooter Sharing—Market Segmentation and Definition
Scooter Sharing Market—Key Characteristics
Growth Drivers in Scooter Sharing Market
Growth Restraints in Scooter Sharing market
Key Growth Metrics for Scooter Sharing
Fleet Size Forecast—Scooter Sharing
Forecast Analysis—Scooter Sharing
Fleet Size Forecast by Region—Scooter Sharing
Fleet Forecast Analysis by Region—Scooter Sharing
Scooter Sharing Market—Fleet Size by Key Countries
Scooter Sharing Market—Key Country Trends
Scooter Sharing Market—Competitive Landscape
Scooter Sharing Market—Competitive Landscape (continued)
Scooter Sharing Market—Market Trends
Scooter Sharing—City Initiative: A Case Study
Bike Sharing—Market Segmentation and Definition
Bike Sharing Market—Key Characteristics
Growth Drivers in Bike Sharing Market
Growth Restraints in Bike Sharing market
Key Growth Metrics for Bike Sharing
Fleet Size Forecast—Bike Sharing
Fleet Size Forecast—eBike Sharing
Forecast Analysis—Bike Sharing and eBike Sharing
Fleet Size Forecast by Region—Bike Sharing
Fleet Size Forecast by Region—eBike Sharing
Fleet Forecast Analysis by Region—Bike Sharing and eBike sharing
Bike Sharing Market—Fleet Size by Key Countries
Bike Sharing—Key Country Trends
Bike Sharing—Key Country Trends (continued)
eBike Sharing Market—Fleet Size by Key Countries
eBike Sharing—Key Country Trends
Bike Sharing Market—Competitive Landscape
Bike Sharing Market—Competitive Landscape (continued)
eBike Sharing Market—Competitive Landscape
Market Trends Bike Sharing and eBike Sharing
Bike Sharing—City Initiatives: A Case Study
Kick Scooter Sharing—Market Segmentation and Definition
Kick Scooter Sharing Market—Key Characteristics
Growth Drivers in Kick Scooter Sharing Market
Growth Restraints in Kick Scooter Sharing market
Key Growth Metrics for Kick Scooter Sharing
Fleet Size Forecast—Kick Scooter Sharing
Forecast Analysis—Kick Scooter Sharing
Fleet Size Forecast by Region—Kick Scooter Sharing
Fleet Forecast Analysis by Region—Kick Scooter Sharing
Kick Scooter Sharing Market—Fleet Size by Key Countries
Kick Scooter Sharing Market—Market Trends: Key Countries
Kick Scooter Sharing—Competitive Landscape
Kick Scooter Sharing Market—Market Trends
Kick Scooter Sharing—City Initiatives: a Case Study
Micromobility Sharing—Conclusion and Future Outlook
Opportunities for Stakeholders
Growth Opportunity 1: Shift in Commuting Patterns, Preference for Single-occupancy Shared Mobility Driving the Growth for Micromobility Sharing
Growth Opportunity 1: Shift in Commuting Patterns, Preference for Single-occupancy Shared Mobility Driving the Growth for Micromobility Sharing (continued)
Growth Opportunity 2: Business Model Diversification and Geographic Expansions Underpinning Growth
Growth Opportunity 2: Business Model Diversification and Geographic Expansions Underpinning Growth (continued)
Growth Opportunity 3: Tech Innovations and Partnerships Underpinning Long-term Micromobility Sharing Growth
Growth Opportunity 3: Tech Innovations and Partnerships Underpinning Long-term Micromobility Sharing Growth (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
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Key Issues Addressed:
- What are the key drivers and restraints influencing the growth of the micro mobility sharing market?
- What is the pace of growth of the micromobility sharing fleet size?
- What is the impact of COVID-19 on the micromobility sharing market?
- Which are the main trends shaping the micromobility sharing market?
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Chanchal Jetha |
| Industries | Automotive |
| WIP Number | MG23-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9800-A6,9A57-A6 |