By 
Micromobility Market size is expected to reach USD 223.66 billion by 2032. The industry is undergoing a transformation driven by increasing demand for durable, high-performance industrial components across various sectors.
Market to Hit USD 223.66 Bn by 2032
Micromobility Market size was valued at USD 61.55 billion in 2024 and expected to expand at a compound annual growth rate (CAGR) of 17.5% from 2025-2032, reaching USD 223.66 billion by 2032. In 2024, Micromobility Market Size was valued at approximately USD 78.51 billion in North America and its Market share of 41.1%. Also, in Europe held a market share of 25% in the same year, equating to revenues of USD 22 billion in 2024.
To know the most attractive segments, click here for a free sample of the report: https://www.stellarmr.com/report/req_sample/Micromobility-Market/495
Leading market Players Fueling Industry Evolution
In 2024, Yadea Technology Group Co., Ltd. (China) is valued at roughly USD 4.7 billion, with a 22% market share, while Jiangsu Xinri E-Vehicle Co., Ltd is valued at USD 433.1 million and SEGWAY INC. (USA) is valued at USD 36 million in total revenue
Electric bicycle is dominated by Vehicle Type segment in terms of value, in 2024
This Electric bicycle sector dominates in Micromobility Market which it accounting for more than 85% of global sales in 2024. The segment is expected to register over 14.3% CAGR over the forecast period as it is the cheapest and most convenient alternative to public transport.
Li-ion is dominated by Battery Type segment in terms of value, in 2024
This Li-ion sector dominates in Micromobility Market which it accounting for more than 43% of global sales in 2024. The Asia-Pacific area, particularly China and India, plays a crucial role in the adoption of Li-ion batteries, which is driven by urbanization and a growing desire for sustainable transportation solutions.
North America is estimated to be the Second-largest dominating region in terms of value, during the forecast period
This is the second largest region in Micromobility Market which the valued at approximately USD 78.51 billion in North America and its Market share of 41.1% in 2024. This strong presence highlights North America’s key role in the development and adoption of micromobility solutions like e-scooters, e-bikes, and shared mobility services.
Get More Information Click Here: https://www.stellarmr.com/report/Micromobility-Market/495
Asia Pacific is estimated to be the largest dominating region in terms of value, during the forecast period
This is the largest region in Micromobility Market which the valued at approximately USD 86.04 billion in Asia Pacific and its Market share of 45% in 2024. Governments in countries like India, China, and Japan are establishing standards and rules for vehicle charging infrastructure, which is likely to boost regional market growth.
Micromobility Market Competitive Landscape
Yadea Technology Group Co., Ltd.: Yadea, valued at around USD 4.7 billion with a 22% market share. The company is renowned as the world’s largest maker of electric two-wheelers, such as e-scooters and e-bikes. In recent news, Yadea established a strategic agreement with a top European mobility service provider, which will allow the company to extend its presence in important European cities and strengthen its position in the shared micromobility market.
Jiangsu Xinri E-Vehicle Co., Ltd: With a market value of USD 433.1 million, Jiangsu Xinri is a significant participant in the Chinese electric two-wheeler industry. The business has made a significant effort to increase its footprint in both home and foreign markets. Demand for Jiangsu Xinri’s next-generation e-scooters, which come with smart features like GPS tracking, anti-theft systems, and improved battery technology, has soared.
SEGWAY INC. (USA): With a total revenue of USD 36 million, SEGWAY INC. is one of the most recognizable brands in personal transportation. Segway has recently increased its footprint in the European and American markets, where there is a rising need for last-mile, sustainable, and efficient solutions. The Segway-Ninebot MAX G2, a next generation e-scooter with improved speed, durability, and performance, was recently introduced by SEGWAY.
To know the most attractive segments, click here for a free sample of the report: https://www.stellarmr.com/report/req_sample/Micromobility-Market/495
Emerging Trends in the Micromobility Market
- Emerging trends in the micromobility market include a move toward shared mobility solutions, with companies such as Yadea establishing e-scooter and e-bike sharing services in cities. There is also an increasing emphasis on smart technology integration, such as GPS tracking and remote diagnostics, to improve user safety and convenience.
- Sustainability is a primary priority for manufacturers such as Jiangsu Xinri and SEGWAY, which prioritize energy-efficient vehicles and long-lasting batteries, particularly Li-ion technology for greater performance. Furthermore, corporations are rapidly integrating their vehicles into urban mobility ecosystems, providing seamless connectivity to public transportation for last-mile solutions.
- These trends indicate an evolving micromobility sector propelled by innovation and a need for greener, more efficient transportation solutions.
Conclusion
- Micromobility market is poised for substantial growth, with a projected CAGR of 17.5% from 2025 to 2032, reaching a market size of USD 223.66 billion by 2032.
- North America and Asia Pacific are the key regions driving this growth, supported by the adoption of e-scooters, e-bikes, and shared mobility services.
- Leading companies such as Yadea, Jiangsu Xinri, and SEGWAY are at the forefront, focusing on innovation, sustainability, and smart technology integration to enhance user experience.
- The dominance of electric bicycles and Li-ion batteries continues, reflecting the industry’s move towards greener and more efficient solutions.
- As urban mobility needs evolve, the micromobility sector is expected to thrive, offering eco-friendly alternatives to traditional transportation methods.
Related Reports:
Uninterruptible Power Supply Market https://www.stellarmr.com/report/Uninterruptible-Power-Supply-Market/2129
Lithium Iron Phosphate Batteries Market https://www.stellarmr.com/report/Lithium-Iron-Phosphate-Batteries-Market/2130
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
[email protected]
Information contained on this page is provided by an independent third-party content provider. Binary News Network and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]
Comments