Micromobility - Worldwide
Worldwide
Unit Sales
Revenue
Price
Analyst Opinion
The Micromobility market, which includes Bicycles and Electric kickscooters, has experienced significant growth in recent years. Over the past decade, the micromobility market has demonstrated steady expansion. While the surge in sales during 2020 and 2021 was exceptional, the long-term trend remains positive. Two major factors are driving this growth. Firstly, the increasing focus on sustainability is leading consumers to choose eco-friendly transportation alternatives over fossil-fueled vehicles. Secondly, urbanization and congestion in cities have amplified the demand for convenient, lightweight mobility solutions that offer flexibility for short- and medium-distance travel.
Despite the strong outlook, certain factors could pose challenges to the future growth of micromobility. Rising disposable incomes, particularly in emerging markets, may lead consumers to favor motorized vehicles such as electric scooters, mopeds, or compact cars over bicycles and kickscooters. Additionally, infrastructure development and regulations will play a crucial role in determining the accessibility and expansion of micromobility solutions in urban environments.
The COVID-19 pandemic led to a remarkable spike in micromobility sales as consumers sought socially distanced and independent transport options. This trend was particularly evident in North America and Europe. Although sales declined slightly in 2022 compared to the peak of 2020, they remain well above pre-pandemic levels. Looking ahead, we anticipate continued growth in the micromobility market, driven by sustainability efforts, urban mobility needs, and advancements in vehicle technology.
Global Comparison
Methodology
Data coverage:
The data encompasses B2C enterprises. Figures are based on the sales of micromobility vehicles and the respective average prices for these vehicles.Modeling approach:
Market sizes are determined through a Bottom-Up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use publications of industry associations, expert blogs, and data provided by governments and scientific institutions. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, and consumer spending per capita (based on current prices). This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the ARIMA time series forecast and forecasts based on previous growth rates are well suited for forecasting the future demand for micromobility due to the brick and mortar nature of this market. The main drivers are GDP, consumer spending per capita, and population.Additional notes:
The data is modeled using current exchange rates. The market is updated once a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).Mobility
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