Micro-Mobility Market Size - By Type (Kick-bike, Skateboard, Hoverboard, Bicycles), By Propulsion (Pedal Assist, Electric), By Age (15 - 30, 31 - 50, Above 50), By Sharing (Docked, Dock-less), By Business Model (B2B, B2C) & Global Forecast, 2023 - 2032

Micro-Mobility Market Size - By Type (Kick-bike, Skateboard, Hoverboard, Bicycles), By Propulsion (Pedal Assist, Electric), By Age (15 - 30, 31 - 50, Above 50), By Sharing (Docked, Dock-less), By Business Model (B2B, B2C) & Global Forecast, 2023 - 2032

Micro-Mobility Market size is projected to expand at over 13% CAGR from 2023-2032 driven by the ongoing government initiatives and policies for promoting sustainable transportation and the development of dedicated infrastructure. With the strong focus on reducing carbon emissions and alleviating traffic congestion, several authorities are incentivizing the adoption of electric scooters, bicycles, and other micro-mobility solutions.

Investments in dedicated bike lanes, parking spaces, and charging stations will further facilitate the integration of micro-mobility technology into urban transportation networks. For instance, in January 2023, Active Travel England disclosed plans of investing 32.9 million GBP for developing national network of professionals in partnership with local communities to improve and make high streets more accessible to cyclists and pedestrians. Additionally, the rollout of regulatory frameworks for promoting safety standards and responsible micro-mobility practices will propel the market expansion.

The micro-mobility industry is segmented into type, propulsion, age, sharing, business model, and region.

The market share from the kick-bike segment is likely to gain significant momentum between 2023 and 2032 owing to increasing adoption among commuters for short-distance travel and leisure activities. The technological advancements in kick-bike designs by incorporating lightweight materials and enhanced maneuverability is further contributing to their increasing acceptance. The growing emphasis on health and wellness is also surging the need for kick-bikes as convenient and active mode of transportation.

Micro-mobility industry size is set to gain traction from the 15-30 age segment during the forecast period. The increasing preference for flexible and eco-friendly transportation options is fueling the adoption of electric scooters, bicycles, and skateboards. The rising technological advancements for catering to the strong preferences for app-based rentals and lightweight, portable designs will further contribute to the market development.

North America micro-mobility industry is poised to exhibit lucrative growth rate through 2032 owing to the increasing urbanization and emphasis on sustainable transportation solutions. The rollout of favorable initiatives by public and private organizations to support eco-friendly transportation and infrastructure development will further bolster the market expansion. For instance, in May 2023, Bird Global, Inc. launched its service in eight new markets, including Canada and the U.S. to bring its popular micro-mobility solutions, such as e-scooters and e-bikes to riders as affordable and environmentally friendly means of transportation.