Micro-mobility involves transportation using light vehicles like shared bicycles, electric scooters, electric skateboard etc. Micro mobility vehicles are mostly used for travelling short distances. These vehicles can be used for private as well as commercial purpose. Also, considering traffic jams in urban areas, demand for micro mobility vehicles is expected to increase noticeably
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Key Player –
- Bird Rides, Inc.
- Donkey Republic
- Dynamic Bicycles, Inc.
- Floatility GmbH
- Lime
- Mobike
- Rydies
- Skip
- Spin (Skinny Labs Inc.)
- Zagster Inc.
MARKET DYNAMICS
Drivers
- Quick and easy travel for short distances.
- Rising urbanization and increasing per capita disposable income to boost market growth of micro mobility vehicles.
- New market players are entering the market considering the increased usage of micro mobility vehicles.
