Micro Mobility Charging Infrastructure Market

Micro Mobility Charging Infrastructure Market Size

[170+ Pages Research Report] to surpass USD 57.8 billion by 2032 from USD 4.54 billion in 2021 at a CAGR of 26.1% throughout the forecast period 2022-32

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.

Market Highlights

The Micro-Mobility Charging Infrastructure Market is expected to project a notable CAGR of 26.1% in 2032.

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: Segments

The E-Bikes segment is expected to grow with a higher CAGR during 2022-32

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.

The Commercial segment is expected to grow with a higher CAGR during 2022-32

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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Market Dynamics

Growth Drivers

Rising Adoption of Micro-Mobility Vehicles and Government Support for Micro-Mobility Adoption

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.

Growing Awareness among the Public and Rising Technological Improvements

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.

Restraint

Low Awareness Regarding Shared Mobility in the Developing Economies

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.

Recent Developments

• In order to supply e-scooters with adaptable wireless charging, Magment GmbH, a producer of charging stations, unveiled its intelligent wireless charging systems in May 2020. It is simple to install these wireless charging stations close to streetlights, parks, and electronic billboards.
• An electric vehicle firm named Zypp said in January 2021 that it would establish 5,000 battery swapping facilities across 100 Indian cities.
• In order to promote the use of electric vehicles by establishing charging stations, Duckt, a provider of universal micromobility infrastructure solutions, launched 150 docking, locking, and charging points in the Paris Rive Gauche neighborhood in March 2021.

Micro-Mobility Charging Infrastructure Market: Key Players

• Bikeep

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

• Perch Mobility
• SWIFTMILE
• Ather Energy
• Get Charged Inc.
• The Mobility House GmbH
• Solum PV
• Giulio Barbieri SRL
• Ground Control Systems
• Magment GmbH
• Flower Turbines
• Other Prominent Players

Micro-Mobility Charging Infrastructure Market: Regions

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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Impact of Covid-19 on Micro-Mobility Charging Infrastructure Market

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.

Micro-Mobility Charging Infrastructure Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Micro-Mobility Charging Infrastructure Market report also contains analysis on:

Micro-Mobility Charging Infrastructure Market Segments:

• 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 
• Micro-Mobility Charging Infrastructure Market Dynamics
• Micro-Mobility Charging Infrastructure Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Micro-Mobility Charging Infrastructure Market Report Scope and Segmentation

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