The Micro Mobility Charging Infrastructure Market was worth US$ 3.03 billion in 2021, and it is estimated to reach a valuation of US$ 14.33 billion by 2026, expanding at an annual growth rate of 23.02% between 2021 and 2026.
The Micro Mobility is nothing but finding applications in all short transportation requirements for the commercial enterprises as well as for the individuals in which this mode of transportation offers a sustainable travel mode and also provides a better alternative for the last mile travel.
Market Growth
The growing investments in the micro mobility modes of transportation is a factor that is expected to lead the Micro Mobility Charging Infrastructure market during the forecast period.
Market Drivers
Increasing awareness about the greenhouse gas emissions, increasing oil and gas prices, ease of parking, rising road congestion is expected to play an essential role in the growth of market of Micro Mobility Charging Infrastructure across the globe. Another factor such as increasing awareness about the flexible transportation alternative among users across the globe which influence the growth of Micro Mobility Charging Infrastructure market during the forecast period. Rapid growth of demand for shared mobility solutions, increased investments in micro mobility modes are some of the major driving factors which promotes the growth of the revenue rate of Micro Mobility Charging Infrastructure market during the forecast period.
Market Restraints
Low level of awareness about shared mobility across the emerging economies is one of the important barriers to market growth. Also, lack of legislations favoring the use of micro mobility automotive acts as an important deterrent to the growth of the Micro Mobility Charging Infrastructure market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2020 – 2026 |
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Base Year |
2020 |
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Forecast Period |
2022 - 2027 |
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CAGR |
23.02% |
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Segments Covered |
By Vehicle Type, Charger Type, Power Source, End Use, and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Giulio Barbieri SRL, Ground Control Systems, Magment GmbH, Ather Energy, bike-energy, Bikeep, Flower Turbines, Get Charged, Inc., Perch Mobility, Robert Bosch GmbH, Solum PV, SWIFTMILE, The Mobility House GmbH and Others. |
Market Segmentation
The Micro Mobility Charging Infrastructure market is segmented based on the following categories:
The E-Scooters segments held the prominent share since most of the riders have started using more and more scooters which are easy to park and recharge. Furthermore, these E-Scooters charging platforms helps to reduce the traffic congestion and also improves air quality by lowering the E-Scooter recovery operations and is predicted to remain at the forefront throughout the forecast period. The e-bikes segment is expected to increase the market rate owing to the increasing deployment of e-bike charging stations in tourist and public areas.
The wired charger segment holds the major share of the market and this segment is expected to hold the dominance during the forecast period since the companies are focussing mostly on implementing wired charging stations as they are convenient to use. The wireless charger segment is also expected to increase the market value owing to the factors such as increasing usage of autonomous vehicles in logistics by the prominent retail multinational corporations and public transport.
The battery powered segment held prominent share of the market among the other segments as these charging stations can be installed in public places and also in privately owned parking lots and garages. Also, these battery powered stations can charge multiple stations simultaneously.
The residential segment has the dominant share due to the factors such as increase in urbanization and growing of traffic congestion
Asia Pacific region hold the prominent share of the market due to the Increasing of awareness about the greenhouse gas emissions. Furthermore, the gradual rise in Micro Mobility Charging Infrastructure adoption in the region especially in some of the countries such as India and China, Japan propels the growth of the market. The Asia Pacific region is expected to hold the dominance during the forecast period.
North America region is also expected to increase the market growth due to the rising awareness about eco friendliness, presence of large number of prominent players in the region propels the growth of the revenue rate of the enterprises software market during the forecast period. Furthermore, the increasing of investments by the major key players of the market for R & D activities and also for the new advancements in the technology is also one of the major driving factor which promotes the growth of the revenue rate of the Micro Mobility Charging Infrastructure market.
Europe region will gain good profits of the market followed by North America region and Asia Pacific region during the outlook period.
Latin America and Middle East & Africa are expected to have the dominant growth rate in the future.
Leading Company
Robert Bosch Gmbh is the leading company in Micro Mobility Charging Infrastructure market.
Key Players
Key market participants of Micro Mobility Charging Infrastructure market are Giulio Barbieri SRL, Ground Control Systems, Magment GmbH, Ather Energy, bike-energy, Bikeep, Flower Turbines, Get Charged, Inc., Perch Mobility, Robert Bosch GmbH, Solum PV, SWIFTMILE, The Mobility House GmbH
Due to the COVID 19 pandemic, almost all the industries have faced a lot of problems due to the lockdown situations imposed by the respective government authorities to reduce the spread of the corona virus. Because of the lockdown situations, reduction in the number of passengers, kilometers toured has declined which effects the use of micro mobility infrastructure across the globe. The Micro Mobility Charging Infrastructure market has a significant growth rate before the pandemic and as per the analysis from the experts that this market will get an impeccable growth rate after the pandemic due to the rising awareness about social distancing and ease of access through micro mobility.
Recent Developments
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