Report Code: CMI49555

Published Date: May 2024

Pages: 320+

Category: Automotive

Report Snapshot

CAGR: 11.2%
1,815.2M
2023
2,018.5M
2024
5,247.7M
2033

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Lime
  • Bird
  • Lyft
  • Uber (Jump)
  • Spin
  • Bolt (formerly Taxify)
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Shared Micromobility Market is expected to record a CAGR of 11.2% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 2,018.5 Million. By 2033, the valuation is anticipated to reach USD 5,247.7 Million.

The shared micromobility market encompasses the provision of short-term rental services for lightweight, human-powered, or electric vehicles, including bicycles, electric scooters, and electric skateboards, typically accessed through smartphone applications.

These services facilitate convenient and affordable transportation options for short-distance urban trips, offering an alternative to traditional modes of transportation like private cars or public transit. With a focus on sustainability, accessibility, and flexibility, shared micromobility solutions address urban mobility challenges, reduce traffic congestion, and contribute to environmental conservation efforts by promoting the use of eco-friendly vehicles for urban transportation needs.

Shared Micromobility Market – Significant Growth Factors

The Shared Micromobility Market presents significant growth opportunities due to several factors:

  • Urbanization and Congestion: Rapid urbanization and increasing congestion in cities drive the demand for shared micromobility solutions as an efficient and sustainable mode of transportation, offering an alternative to traditional vehicles and alleviating traffic congestion.
  • Environmental Awareness: Growing concerns about climate change and pollution contribute to the adoption of shared micromobility, as it promotes eco-friendly transportation options, reduces greenhouse gas emissions, and supports sustainability goals.
  • Technological Advancements: Advances in technology, such as GPS tracking, mobile apps, and battery technology, enhance the accessibility, convenience, and user experience of shared micromobility services, driving adoption among urban commuters.
  • Regulatory Support: Supportive regulatory frameworks and policies from governments and municipalities encourage the growth of the shared micromobility market by providing guidelines for operations, infrastructure development, and safety standards, fostering market expansion and innovation.
  • Expansion into New Markets: There is an opportunity for shared micromobility providers to expand into new geographic markets, both domestically and internationally, tapping into areas with high population density, limited public transportation options, and growing demand for alternative mobility solutions.
  • Integration with Public Transit: Collaborating with public transit agencies to integrate shared micromobility services with existing transportation networks presents an opportunity to enhance connectivity, accessibility, and convenience for urban commuters, providing seamless multimodal transportation options and improving overall urban mobility.

Shared Micromobility Market – Mergers and Acquisitions

The Shared Micromobility Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Shared Micromobility Market include:

  • In 2022, Lyft, Inc. acquired PBSC Urban Solutions, a leading provider of bikeshare equipment and technology. With PBSC’s extensive deployment of stations and bikes across multiple markets and countries, Lyft aims to broaden its mobility services and offer enhanced experiences to riders in major cities.
  • In 2022, Lime has partnered with Aspiration to introduce a “sustainability as a service” platform, enabling riders to combat climate change effortlessly. Through this collaboration, Lime contributes to decarbonization by funding tree planting initiatives, with one tree planted for each ride taken.
  • In 2022, Bird Global, Inc. entered a joint venture agreement with Madrid Municipal Transport Company (EMT) for a bike sharing integration program. This partnership aims to enhance urban mobility in Madrid by integrating Bird’s bike sharing services with the city’s transportation network.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Shared Micromobility Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Shared Micromobility Market Car Leasing Market EV Ecosystem Market
CAGR 11.2% (Approx) CAGR 7.2% (Approx) CAGR 15.1% (Approx)
USD 5,247.7 Million by 2033 USD 1,446,149.3 Million by 2033 USD 86,751.6 Million by 2033

Shared Micromobility Market – Significant Threats

The Shared Micromobility Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Regulatory Uncertainty: Evolving regulatory frameworks and inconsistent policies regarding shared micromobility operations pose a threat to market stability. Uncertain regulations regarding vehicle licensing, parking, and safety standards can hinder market expansion and increase operational costs for providers.
  • Safety Concerns: Safety risks associated with shared micromobility, including accidents, collisions, and injuries to riders and pedestrians, undermine consumer confidence and pose a threat to market growth. Negative publicity resulting from safety incidents can lead to decreased ridership and regulatory scrutiny.
  • Vandalism and Theft: Instances of vandalism, theft, and misuse of shared micromobility vehicles can result in significant financial losses for operators. Damaged or stolen vehicles disrupt service availability, increase operational expenses for repairs and replacements, and erode investor confidence in the viability of shared micromobility businesses.
  • Competition from Ride-Hailing Services: Intense competition from ride-hailing services, such as Uber and Lyft, poses a threat to the shared micromobility market. Ride-hailing offers door-to-door convenience without the physical exertion or weather exposure associated with micromobility, potentially diverting riders away from shared micromobility options.
  • Seasonal and Weather-Related Challenges: Shared micromobility services may experience reduced demand and operational challenges during inclement weather conditions, such as rain, snow, or extreme temperatures. Seasonal fluctuations in ridership and revenue can impact profitability and sustainability, requiring operators to implement adaptive strategies to mitigate weather-related risks and maintain service continuity.

Global Shared Micromobility Market 2024–2033 (By Sharing Type)

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Category-Wise Insights:

By Vehicle Type

  • Bicycles: In the shared micromobility market, bicycles offer users a pedal-powered transportation option for short-distance urban trips. Trends include the integration of electric bicycles (e-bikes), offering pedal-assist or full electric propulsion, to enhance rider experience and accessibility. Additionally, advancements in bicycle-sharing technology enable seamless rental transactions via smartphone apps, fostering the growth of bike-sharing systems in cities worldwide.
  • Scooters: Shared electric scooters provide users with a convenient and eco-friendly mode of transportation for urban commuting. Trends in the shared micromobility market include the rapid expansion of e-scooter sharing programs in urban areas, driven by increasing demand for flexible and affordable mobility solutions. Integration of electric scooters into existing transportation networks and advancements in battery technology contribute to market growth and accessibility.
  • Skateboards: Shared electric skateboards offer users an innovative and compact transportation option, particularly suitable for short-distance urban travel. Trends in the shared micromobility market include the emergence of electric skateboard-sharing services, catering to urban commuters seeking alternative modes of transportation. Integration of electric skateboards with smartphone apps for rental and navigation enhances user experience and fosters adoption among tech-savvy urban dwellers.

By Trip Purpose

  • Commute: Shared micromobility for commuting involves using short-term rental vehicles like electric scooters or bicycles for daily travel between home and work or educational institutions. Increasing urbanization and traffic congestion drive the demand for convenient and eco-friendly commuting options. Trends include the integration of shared micromobility with public transit systems, offering commuters seamless multimodal journeys, and the adoption of subscription-based models for regular commuters, providing cost-effective transportation solutions.
  • Last-Mile Connectivity: Shared micromobility for last-mile connectivity focuses on providing convenient transportation solutions for short-distance trips between transit hubs and final destinations. This segment addresses the challenge of bridging the gap between public transportation and commuters’ ultimate destinations. Trends include the deployment of dockless electric scooters and bicycles near transit stops, enabling commuters to complete their journeys quickly and affordably, reducing reliance on personal vehicles and enhancing urban mobility.
  • Leisure & Recreation: Shared micromobility for leisure and recreation caters to individuals seeking eco-friendly and accessible transportation options for sightseeing, exploring urban areas, or engaging in recreational activities. This segment encompasses rental services for electric bikes, scooters, and other lightweight vehicles, offering tourists and locals alike a fun and convenient way to explore cities and enjoy outdoor recreational pursuits. Trends include the expansion of guided tour offerings and partnerships with tourist attractions to enhance the leisure experience for users.

Global Shared Micromobility Market 2024–2033 (By Data Service)

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By Sharing Type

  • Docked Sharing: Docked sharing refers to a system where micromobility vehicles are parked and rented from designated docking stations. This method ensures organized parking and charging infrastructure, enhancing user convenience and vehicle availability. Recent trends in docked sharing include the integration of smart docking stations with mobile apps for seamless rental experiences, as well as the expansion of docked systems to suburban areas to improve accessibility and coverage.
  • Dock-Less Sharing: Dock-less sharing allows users to locate, rent, and return micromobility vehicles anywhere within a designated operating area using smartphone apps. This flexible approach offers convenience and freedom, eliminating the need for fixed docking stations. Trends in dock-less sharing include the deployment of geofencing technology to regulate parking and reduce clutter, as well as the introduction of swappable batteries for electric vehicles to enhance operational efficiency and range.

By Data Service

  • Navigation: In the shared micromobility market, navigation data services provide real-time route guidance and mapping functionalities to users, ensuring efficient and safe travel. Trends include integration with mobile applications, offering turn-by-turn directions and information on bike lanes and transit routes. Additionally, advancements in GPS technology enable enhanced accuracy and reliability in navigation services, improving the overall user experience and promoting widespread adoption of shared micromobility solutions.
  • Payment: Payment data services facilitate seamless and secure transactions for shared micromobility rentals. Trends include the adoption of mobile payment platforms and contactless payment methods, enabling users to easily unlock vehicles and pay for rides using smartphones or NFC-enabled cards. Moreover, subscription-based models and loyalty programs offer incentives to frequent users, driving customer retention and increasing revenue streams for shared micromobility operators.
  • Others: In the shared micromobility market, other data services encompass a range of offerings such as vehicle tracking, maintenance scheduling, and user analytics. Trends include the implementation of IoT sensors for fleet management, predictive maintenance algorithms for vehicle upkeep, and data-driven insights for business optimization. These data services enhance operational efficiency, improve service reliability, and enable informed decision-making, contributing to the growth and sustainability of shared micromobility systems.

By Propulsion

  • Up to 25 KM: Shared micromobility for distances up to 25 kilometres typically involves electric bicycles and scooters. These vehicles offer convenient, eco-friendly transportation options for short-distance urban trips. Trends include the integration of lightweight and compact electric vehicles with swappable batteries, allowing for extended range and seamless user experiences, driving adoption among urban commuters for daily commuting and leisure activities.
  • 25 to 45 KM: For distances between 25 to 45 kilometres, shared micromobility options often include electric bicycles and scooters with enhanced battery capacities and performance capabilities. Trends in this segment focus on the development of long-range electric vehicles with advanced battery technology, efficient charging infrastructure, and integrated navigation systems to support longer commutes and recreational journeys, catering to the needs of urban commuters and leisure travelers alike.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 2,018.5 Million
Projected Market Size in 2033 USD 5,247.7 Million
Market Size in 2023 USD 1,815.2 Million
CAGR Growth Rate 11.2% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Vehicle Type, Trip Purpose, Sharing Type, Data Service, Propulsion and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Shared Micromobility Market – Regional Analysis

The Shared Micromobility Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: In North America, a trend shaping the shared micromobility market is the emphasis on regulatory compliance and safety standards. With increased scrutiny from local authorities, operators are investing in robust safety measures, including helmet provisions, rider education campaigns, and geofencing technologies to regulate vehicle usage in designated areas.
  • Europe: In Europe, the trend revolves around the integration of shared micromobility with public transportation systems. Operators are forging partnerships with transit agencies to provide seamless first- and last-mile connectivity, with initiatives such as integrated fare systems, interoperable payment solutions, and designated micromobility hubs at transit nodes.
  • Asia-Pacific: In the Asia-Pacific region, a key trend is the adoption of innovative vehicle designs tailored to local preferences and urban environments. Operators are introducing compact, lightweight electric vehicles optimized for dense urban areas, with features such as foldable frames, swappable batteries, and enhanced durability to withstand challenging terrain and climatic conditions.
  • Latin America, Middle East, and Africa (LAMEA): In LAMEA, the trend centers on affordability and accessibility, with operators focusing on pricing strategies and service expansion in underserved communities. Initiatives such as discounted fare options, flexible payment plans, and outreach programs targeting low-income neighborhoods aim to democratize access to shared micromobility and address socioeconomic disparities in urban mobility.

Global Shared Micromobility Market 2024–2033 (By Million)

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Competitive Landscape – Shared Micromobility Market

The Shared Micromobility Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • Lime
  • Bird
  • Lyft
  • Uber (Jump)
  • Spin
  • Bolt (formerly Taxify)
  • Mobike
  • Citi Bike (Motivate)
  • Ofo
  • Voi Technology
  • Tier Mobility
  • Dott
  • Zagster
  • Wheels
  • Helbiz
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

New entrants like Wheels and Helbiz have embraced innovation in the shared micromobility market. Wheels introduced swappable batteries for electric bikes, enhancing vehicle uptime and operational efficiency. Helbiz implemented blockchain technology for transparent and secure transactions, ensuring user trust and data privacy.

Dominating the market are established players such as Lime and Bird, leveraging extensive fleets and robust operational networks. Lime’s strategic partnerships with cities and universities ensure widespread availability, while Bird’s focus on user-friendly app interfaces and vehicle maintenance ensures a seamless experience, cementing their market dominance.

The Shared Micromobility Market is segmented as follows:

By Vehicle Type

  • Bicycles:
    • Traditional Pedal Bicycles
    • Electric Bicycles (e-bikes)
  • Scooters:
    • Electric Scooters (e-scooters)
  • Skateboards:
    • Electric Skateboards

By Trip Purpose

  • Commute:
    • Work/School Commute
  • Last-Mile Connectivity:
    • Transit Hub Connectivity
  • Leisure and Recreation:
    • Sightseeing/Exploring

By Sharing Type

  • Docked
  • Dock-Less

By Data Service

  • Navigation
  • Payment
  • Others

By Propulsion

  • Up to 25 KM
  • 25 to 45 KM

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Shared Micromobility Market, (2024 – 2033) (USD Million)
    • 2.2 Global Shared Micromobility Market: snapshot
  • Chapter 3. Global Shared Micromobility Market – Industry Analysis
    • 3.1 Shared Micromobility Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Urbanization and Congestion
      • 3.2.2 Environmental Awareness
      • 3.2.3 Technological Advancements
      • 3.2.4 Regulatory Support
      • 3.2.5 Expansion into New Markets
      • 3.2.6 Integration with Public Transit.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Vehicle Type
      • 3.7.2 Market Attractiveness Analysis By Trip Purpose
      • 3.7.3 Market Attractiveness Analysis By Sharing Type
      • 3.7.4 Market Attractiveness Analysis By Data Service
      • 3.7.5 Market Attractiveness Analysis By Propulsion
  • Chapter 4. Global Shared Micromobility Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Shared Micromobility Market: Company Market Share, 2023
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Shared Micromobility Market – Vehicle Type Analysis
    • 5.1 Global Shared Micromobility Market Overview: By Vehicle Type
      • 5.1.1 Global Shared Micromobility Market Share, By Vehicle Type, 2023 and 2033
    • 5.2 Bicycles
      • 5.2.1 Global Shared Micromobility Market by Bicycles, 2024 – 2033 (USD Million)
    • 5.3 Traditional Pedal Bicycles
      • 5.3.1 Global Shared Micromobility Market by Traditional Pedal Bicycles, 2024 – 2033 (USD Million)
    • 5.4 Electric Bicycles (e-bikes)
      • 5.4.1 Global Shared Micromobility Market by Electric Bicycles (e-bikes), 2024 – 2033 (USD Million)
    • 5.5 Scooters
      • 5.5.1 Global Shared Micromobility Market by Scooters, 2024 – 2033 (USD Million)
    • 5.6 Electric Scooters (e-scooters)
      • 5.6.1 Global Shared Micromobility Market by Electric Scooters (e-scooters), 2024 – 2033 (USD Million)
    • 5.7 Skateboards
      • 5.7.1 Global Shared Micromobility Market by Skateboards, 2024 – 2033 (USD Million)
    • 5.8 Electric Skateboards
      • 5.8.1 Global Shared Micromobility Market by Electric Skateboards, 2024 – 2033 (USD Million)
  • Chapter 6. Global Shared Micromobility Market – Trip Purpose Analysis
    • 6.1 Global Shared Micromobility Market Overview: By Trip Purpose
      • 6.1.1 Global Shared Micromobility Market Share, By Trip Purpose, 2023 and 2033
    • 6.2 Commute
      • 6.2.1 Global Shared Micromobility Market by Commute, 2024 – 2033 (USD Million)
    • 6.3 Work/School Commute
      • 6.3.1 Global Shared Micromobility Market by Work/School Commute, 2024 – 2033 (USD Million)
    • 6.4 Last-Mile Connectivity
      • 6.4.1 Global Shared Micromobility Market by Last-Mile Connectivity, 2024 – 2033 (USD Million)
    • 6.5 Transit Hub Connectivity
      • 6.5.1 Global Shared Micromobility Market by Transit Hub Connectivity, 2024 – 2033 (USD Million)
    • 6.6 Leisure and Recreation
      • 6.6.1 Global Shared Micromobility Market by Leisure and Recreation, 2024 – 2033 (USD Million)
    • 6.7 Sightseeing/Exploring
      • 6.7.1 Global Shared Micromobility Market by Sightseeing/Exploring, 2024 – 2033 (USD Million)
  • Chapter 7. Global Shared Micromobility Market – Sharing Type Analysis
    • 7.1 Global Shared Micromobility Market Overview: By Sharing Type
      • 7.1.1 Global Shared Micromobility Market Share, By Sharing Type, 2023 and 2033
    • 7.2 Docked
      • 7.2.1 Global Shared Micromobility Market by Docked, 2024 – 2033 (USD Million)
    • 7.3 Dock-Less
      • 7.3.1 Global Shared Micromobility Market by Dock-Less, 2024 – 2033 (USD Million)
  • Chapter 8. Global Shared Micromobility Market – Data Service Analysis
    • 8.1 Global Shared Micromobility Market Overview: By Data Service
      • 8.1.1 Global Shared Micromobility Market Share, By Data Service, 2023 and 2033
    • 8.2 Navigation
      • 8.2.1 Global Shared Micromobility Market by Navigation, 2024 – 2033 (USD Million)
    • 8.3 Payment
      • 8.3.1 Global Shared Micromobility Market by Payment, 2024 – 2033 (USD Million)
    • 8.4 Others
      • 8.4.1 Global Shared Micromobility Market by Others, 2024 – 2033 (USD Million)
  • Chapter 9. Global Shared Micromobility Market – Propulsion Analysis
    • 9.1 Global Shared Micromobility Market Overview: By Propulsion
      • 9.1.1 Global Shared Micromobility Market Share, By Propulsion, 2023 and 2033
    • 9.2 Up to 25 KM
      • 9.2.1 Global Shared Micromobility Market by Up to 25 KM, 2024 – 2033 (USD Million)
    • 9.3 25 to 45 KM
      • 9.3.1 Global Shared Micromobility Market by 25 to 45 KM, 2024 – 2033 (USD Million)
  • Chapter 10. Shared Micromobilitys Market – Regional Analysis
    • 10.1 Global Shared Micromobilitys Market Regional Overview
    • 10.2 Global Shared Micromobilitys Market Share, by Region, 2023 & 2033 (USD Million)
    • 10.3. North America
      • 10.3.1 North America Shared Micromobilitys Market, 2024 – 2033 (USD Million)
        • 10.3.1.1 North America Shared Micromobilitys Market, by Country, 2024 – 2033 (USD Million)
    • 10.4 North America Shared Micromobilitys Market, by Vehicle Type, 2024 – 2033
      • 10.4.1 North America Shared Micromobilitys Market, by Vehicle Type, 2024 – 2033 (USD Million)
    • 10.5 North America Shared Micromobilitys Market, by Trip Purpose, 2024 – 2033
      • 10.5.1 North America Shared Micromobilitys Market, by Trip Purpose, 2024 – 2033 (USD Million)
    • 10.6 North America Shared Micromobilitys Market, by Sharing Type, 2024 – 2033
      • 10.6.1 North America Shared Micromobilitys Market, by Sharing Type, 2024 – 2033 (USD Million)
    • 10.7 North America Shared Micromobilitys Market, by Data Service, 2024 – 2033
      • 10.7.1 North America Shared Micromobilitys Market, by Data Service, 2024 – 2033 (USD Million)
    • 10.8 North America Shared Micromobilitys Market, by Propulsion, 2024 – 2033
      • 10.8.1 North America Shared Micromobilitys Market, by Propulsion, 2024 – 2033 (USD Million)
    • 10.9. Europe
      • 10.9.1 Europe Shared Micromobilitys Market, 2024 – 2033 (USD Million)
        • 10.9.1.1 Europe Shared Micromobilitys Market, by Country, 2024 – 2033 (USD Million)
    • 10.10 Europe Shared Micromobilitys Market, by Vehicle Type, 2024 – 2033
      • 10.10.1 Europe Shared Micromobilitys Market, by Vehicle Type, 2024 – 2033 (USD Million)
    • 10.11 Europe Shared Micromobilitys Market, by Trip Purpose, 2024 – 2033
      • 10.11.1 Europe Shared Micromobilitys Market, by Trip Purpose, 2024 – 2033 (USD Million)
    • 10.12 Europe Shared Micromobilitys Market, by Sharing Type, 2024 – 2033
      • 10.12.1 Europe Shared Micromobilitys Market, by Sharing Type, 2024 – 2033 (USD Million)
    • 10.13 Europe Shared Micromobilitys Market, by Data Service, 2024 – 2033
      • 10.13.1 Europe Shared Micromobilitys Market, by Data Service, 2024 – 2033 (USD Million)
    • 10.14 Europe Shared Micromobilitys Market, by Propulsion, 2024 – 2033
      • 10.14.1 Europe Shared Micromobilitys Market, by Propulsion, 2024 – 2033 (USD Million)
    • 10.15. Asia Pacific
      • 10.15.1 Asia Pacific Shared Micromobilitys Market, 2024 – 2033 (USD Million)
        • 10.15.1.1 Asia Pacific Shared Micromobilitys Market, by Country, 2024 – 2033 (USD Million)
    • 10.16 Asia Pacific Shared Micromobilitys Market, by Vehicle Type, 2024 – 2033
      • 10.16.1 Asia Pacific Shared Micromobilitys Market, by Vehicle Type, 2024 – 2033 (USD Million)
    • 10.17 Asia Pacific Shared Micromobilitys Market, by Trip Purpose, 2024 – 2033
      • 10.17.1 Asia Pacific Shared Micromobilitys Market, by Trip Purpose, 2024 – 2033 (USD Million)
    • 10.18 Asia Pacific Shared Micromobilitys Market, by Sharing Type, 2024 – 2033
      • 10.18.1 Asia Pacific Shared Micromobilitys Market, by Sharing Type, 2024 – 2033 (USD Million)
    • 10.19 Asia Pacific Shared Micromobilitys Market, by Data Service, 2024 – 2033
      • 10.19.1 Asia Pacific Shared Micromobilitys Market, by Data Service, 2024 – 2033 (USD Million)
    • 10.20 Asia Pacific Shared Micromobilitys Market, by Propulsion, 2024 – 2033
      • 10.20.1 Asia Pacific Shared Micromobilitys Market, by Propulsion, 2024 – 2033 (USD Million)
    • 10.21. Latin America
      • 10.21.1 Latin America Shared Micromobilitys Market, 2024 – 2033 (USD Million)
        • 10.21.1.1 Latin America Shared Micromobilitys Market, by Country, 2024 – 2033 (USD Million)
    • 10.22 Latin America Shared Micromobilitys Market, by Vehicle Type, 2024 – 2033
      • 10.22.1 Latin America Shared Micromobilitys Market, by Vehicle Type, 2024 – 2033 (USD Million)
    • 10.23 Latin America Shared Micromobilitys Market, by Trip Purpose, 2024 – 2033
      • 10.23.1 Latin America Shared Micromobilitys Market, by Trip Purpose, 2024 – 2033 (USD Million)
    • 10.24 Latin America Shared Micromobilitys Market, by Sharing Type, 2024 – 2033
      • 10.24.1 Latin America Shared Micromobilitys Market, by Sharing Type, 2024 – 2033 (USD Million)
    • 10.25 Latin America Shared Micromobilitys Market, by Data Service, 2024 – 2033
      • 10.25.1 Latin America Shared Micromobilitys Market, by Data Service, 2024 – 2033 (USD Million)
    • 10.26 Latin America Shared Micromobilitys Market, by Propulsion, 2024 – 2033
      • 10.26.1 Latin America Shared Micromobilitys Market, by Propulsion, 2024 – 2033 (USD Million)
    • 10.27. The Middle-East and Africa
      • 10.27.1 The Middle-East and Africa Shared Micromobilitys Market, 2024 – 2033 (USD Million)
        • 10.27.1.1 The Middle-East and Africa Shared Micromobilitys Market, by Country, 2024 – 2033 (USD Million)
    • 10.28 The Middle-East and Africa Shared Micromobilitys Market, by Vehicle Type, 2024 – 2033
      • 10.28.1 The Middle-East and Africa Shared Micromobilitys Market, by Vehicle Type, 2024 – 2033 (USD Million)
    • 10.29 The Middle-East and Africa Shared Micromobilitys Market, by Trip Purpose, 2024 – 2033
      • 10.29.1 The Middle-East and Africa Shared Micromobilitys Market, by Trip Purpose, 2024 – 2033 (USD Million)
    • 10.30 The Middle-East and Africa Shared Micromobilitys Market, by Sharing Type, 2024 – 2033
      • 10.30.1 The Middle-East and Africa Shared Micromobilitys Market, by Sharing Type, 2024 – 2033 (USD Million)
    • 10.31 The Middle-East and Africa Shared Micromobilitys Market, by Data Service, 2024 – 2033
      • 10.31.1 The Middle-East and Africa Shared Micromobilitys Market, by Data Service, 2024 – 2033 (USD Million)
    • 10.32 The Middle-East and Africa Shared Micromobilitys Market, by Propulsion, 2024 – 2033
      • 10.32.1 The Middle-East and Africa Shared Micromobilitys Market, by Propulsion, 2024 – 2033 (USD Million)
  • Chapter 11. Company Profiles
    • 11.1 Lime
      • 11.1.1 Overview
      • 11.1.2 Financials
      • 11.1.3 Product Portfolio
      • 11.1.4 Business Strategy
      • 11.1.5 Recent Developments
    • 11.2 Bird
      • 11.2.1 Overview
      • 11.2.2 Financials
      • 11.2.3 Product Portfolio
      • 11.2.4 Business Strategy
      • 11.2.5 Recent Developments
    • 11.3 Lyft
      • 11.3.1 Overview
      • 11.3.2 Financials
      • 11.3.3 Product Portfolio
      • 11.3.4 Business Strategy
      • 11.3.5 Recent Developments
    • 11.4 Uber (Jump)
      • 11.4.1 Overview
      • 11.4.2 Financials
      • 11.4.3 Product Portfolio
      • 11.4.4 Business Strategy
      • 11.4.5 Recent Developments
    • 11.5 Spin
      • 11.5.1 Overview
      • 11.5.2 Financials
      • 11.5.3 Product Portfolio
      • 11.5.4 Business Strategy
      • 11.5.5 Recent Developments
    • 11.6 Bolt (formerly Taxify)
      • 11.6.1 Overview
      • 11.6.2 Financials
      • 11.6.3 Product Portfolio
      • 11.6.4 Business Strategy
      • 11.6.5 Recent Developments
    • 11.7 Mobike
      • 11.7.1 Overview
      • 11.7.2 Financials
      • 11.7.3 Product Portfolio
      • 11.7.4 Business Strategy
      • 11.7.5 Recent Developments
    • 11.8 Citi Bike (Motivate)
      • 11.8.1 Overview
      • 11.8.2 Financials
      • 11.8.3 Product Portfolio
      • 11.8.4 Business Strategy
      • 11.8.5 Recent Developments
    • 11.9 Ofo
      • 11.9.1 Overview
      • 11.9.2 Financials
      • 11.9.3 Product Portfolio
      • 11.9.4 Business Strategy
      • 11.9.5 Recent Developments
    • 11.10 Voi Technology
      • 11.10.1 Overview
      • 11.10.2 Financials
      • 11.10.3 Product Portfolio
      • 11.10.4 Business Strategy
      • 11.10.5 Recent Developments
    • 11.11 Tier Mobility
      • 11.11.1 Overview
      • 11.11.2 Financials
      • 11.11.3 Product Portfolio
      • 11.11.4 Business Strategy
      • 11.11.5 Recent Developments
    • 11.12 Dott
      • 11.12.1 Overview
      • 11.12.2 Financials
      • 11.12.3 Product Portfolio
      • 11.12.4 Business Strategy
      • 11.12.5 Recent Developments
    • 11.13 Zagster
      • 11.13.1 Overview
      • 11.13.2 Financials
      • 11.13.3 Product Portfolio
      • 11.13.4 Business Strategy
      • 11.13.5 Recent Developments
    • 11.14 Wheels
      • 11.14.1 Overview
      • 11.14.2 Financials
      • 11.14.3 Product Portfolio
      • 11.14.4 Business Strategy
      • 11.14.5 Recent Developments
    • 11.15 Helbiz
      • 11.15.1 Overview
      • 11.15.2 Financials
      • 11.15.3 Product Portfolio
      • 11.15.4 Business Strategy
      • 11.15.5 Recent Developments
    • 11.16 Others.
      • 11.16.1 Overview
      • 11.16.2 Financials
      • 11.16.3 Product Portfolio
      • 11.16.4 Business Strategy
      • 11.16.5 Recent Developments
List Of Figures

Figures No 1 to 40

List Of Tables

Tables No 1 to 127

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2033

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2033
  • Market revenue estimates and forecasts up to 2033, by technology
  • Market revenue estimates and forecasts up to 2033, by application
  • Market revenue estimates and forecasts up to 2033, by type
  • Market revenue estimates and forecasts up to 2033, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Lime
  • Bird
  • Lyft
  • Uber (Jump)
  • Spin
  • Bolt (formerly Taxify)
  • Mobike
  • Citi Bike (Motivate)
  • Ofo
  • Voi Technology
  • Tier Mobility
  • Dott
  • Zagster
  • Wheels
  • Helbiz
  • Others

FAQs

The key factors driving the Market are Urbanization and Congestion, Environmental Awareness, Technological Advancements, Regulatory Support, Expansion into New Markets, Integration with Public Transit.

The “Bicycles” category dominated the market in 2023.

The key players in the market are Lime, Bird, Lyft, Uber (Jump), Spin, Bolt (formerly Taxify), Mobike, Citi Bike (Motivate), Ofo, Voi Technology, Tier Mobility, Dott, Zagster, Wheels, Helbiz, Others.

“North America” had the largest share in the Shared Micromobility Market.

The global market is projected to grow at a CAGR of 11.2% during the forecast period, 2024-2033.

The Shared Micromobility Market size was valued at USD 2,018.5 Million in 2024.

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