Micro-mobility Charging Infrastructure Market Size - By Vehicle Type (E-Scooters, E-Bikes, E-Unicycles, E-Skateboards), Charger Type (Wired, Wireless), Source (Battery Powered, Solar Powered), End Use, Growth Prospects, Regional Outlook & Forecast, 2024 - 2032
Micro-mobility charging infrastructure market size is projected to expand at over 24% from 2024 to 2032, due to the increasing adoption of electric micro-mobility solutions, such as e-scooters and e-bikes. Governments worldwide are promoting sustainable transportation and implementing favorable policies, including subsidies and incentives, further fueling the demand for multiple charging infrastructure. For instance, in December 2023, Standab, a Swedish startup specializing in micromobility infrastructure, launched its initiative to deploy charging-enabled parking bays for bicycles and electric scooters.
The growing awareness of environmental concerns and the rising need for eco-friendly transportation options are motivating consumers to embrace micro-mobility solutions. Additionally, the increasing technological advancements, such as smart charging solutions and efficient energy storage, are enhancing the overall infrastructure, making it more appealing to users. The rising rate of urbanization will also amplify the demand for convenient, emission-free transportation, fueling the industry growth.
The micro-mobility charging infrastructure industry is segregated into vehicle type, charger type, source, end-use, and region.
Based on source, the industry value from the solar-powered segment is projected to witness substantial CAGR from 2024 to 2032, owing to the increasing demand for sustainable solutions. Moreover, the rising environmental consciousness, government incentives, and technological advancements in solar energy will fuel the segment growth.
Micro-mobility charging infrastructure market share from the E-bikes vehicle type segment is estimated to increase at significant CAGR from 2024 to 2032. The growth can be attributed to the rising popularity of electric bicycles, increasing environmental awareness, urban congestion, and the influx of government initiatives for promoting clean transportation solutions. This surge in demand for convenient and accessible charging infrastructure for e-bikes is another factor driving the segment expansion.
Regionally, the Europe micro-mobility charging infrastructure market is projected to expand at rapid pace between 2024 and 2032. This is due to the increasing urbanization, environmental concerns, and government support for sustainable transportation. Additionally, the influx of stringent regulations for promoting emission reductions, coupled with rising consumer awareness will fuel the demand for electric micro-mobility solutions. The increasing investments in advanced charging infrastructure technologies will also drive the regional market expansion.