Micro-mobility Charging Infrastructure Market Size, Share & Trends Report

Micro-mobility Charging Infrastructure Market Size, Share & Trends Analysis Report By Vehicle Type (E-scooters, E-bikes), By Charger Type, By Power Source, By End Use, By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Jun, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-4-68038-279-2
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 150

Report Overview

The global Micro-mobility charging infrastructure market size was valued at USD 3.23 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 23.4% from 2021 to 2028. The market growth can be attributed to the increasing investments in the micro-mobility modes of transportation. Numerous users are expected to adopt the Micro-mobility mode of transportation to curb environmental pollution. Moreover, increasing awareness about greenhouse gas emissions is expected to create growth opportunities for the market. Micro-mobility is becoming an efficient and reliable mode of transportation within towns and cities. This mode of transportation has excellent energy conversion rates in comparison to fossil fuel vehicles. Various factors, such as increasing oil and gas prices, ease of parking, and rising road congestion, are expected to contribute towards the adoption of Micro-mobility. This, as a result, is expected to create growth opportunities for the market.

U.S. Micro-mobility charging infrastructure market size, by vehicle type, 2016 - 2028 (USD Million)

Micro-mobility is finding applications in all short transportation requirements for commercial enterprises as well as for individuals. This mode of transportation offers a sustainable travel mode and provides a better alternative for last-mile travel. Increasing awareness about the flexible transportation alternative among users is expected to create growth opportunities for the market. These aforementioned factors are anticipated to contribute to market growth.

Rapidly growing demand for shared mobility solutions is further expected to propel the market growth over the forecast period. Nowadays, riders have numerous convenient and cost-effective alternatives to travel. Shared mobility has quickly shifted consumer preferences away from vehicle ownership toward convenient and alternative forms of transportation. Micro-mobility charging infrastructure providers are focusing on capitalizing on this shared mobility ecosystem.

The outbreak of COVID-19 is expected to negatively influence market growth. The Covid-19 pandemic decimated demand for public transport as businesses closed and people stayed home more. This has impacted the profitability of the companies. Also, a lack of a strong policy framework and lack of public awareness is further anticipated to hamper the market growth over the forecast period.

Vehicle Type Insights

The e-scooters segment led the market and accounted for more than 59.0% share of the global revenue in 2020. Riders have started using more and more e-scooters as these scooters are easy to park and recharge. E-scooter charging platforms help to reduce traffic congestion and improve air quality by lowering e-scooter recovery operations. Also, these platforms are adaptable to any e-scooter design.

The e-bikes segment is anticipated to witness significant growth over the forecast period. Increasing deployment of e-bike charging stations in tourist and public areas is expected to fuel the segment growth over the forecast period. These charging stations can charge multiple e-bikes at the same time. Also, these charging stations can be easily and quickly mounted free-standing or on a wall.

Charger Type Insights

The wired segment dominated the market and accounted for more than a 53.0% share of the global revenue in 2020. The companies are focusing on implementing wired charging stations as they are convenient to use. They are focusing on increasing the deployment of wired charging stations owing to the rising demand for e-scooters and e-bikes. These factors are expected to contribute to the growth of the wired charger segment.

The wireless segment is anticipated to register the fastest CAGR over the forecast period. The segment growth can be attributed to the increasing usage of autonomous vehicles in logistics by prominent retail Multinational Corporations (MNCs)and public transport. Wireless charging stations can potentially help avoid plug-in glitches regularly faced with wired charging stations. Growing demand for Micro-mobility fast-charging infrastructure is expected to propel the segment growth over the forecast period.

Power Source Insights

The battery-powered segment dominated the market and accounted for more than a 55.0% share of the global revenue in 2020. The battery-powered charging stations can be installed in public spaces and privately owned parking lots and garages. Moreover, these stations can charge multiple vehicles simultaneously. Also, these stations vary in size and functions and can be installed as per the needs of parking spaces.

The solar-powered segment is anticipated to register the fastest growth over the forecast period. The growth can be attributed to the rising awareness about the socially distanced and eco-friendly option for making short trips. These solar-powered Micro-mobility charging stations require less maintenance cost in comparison to battery-powered stations. These aforementioned factors are expected to contribute to the segment growth over the forecast period.

End-use Insights

The residential segment led the market and accounted for more than 67.0% share of the global revenue in 2020. Factors, such as an increase in urbanization and growing traffic congestion, are contributing to the rising preference for Micro-mobility mode of transport. Nowadays, there is a diverse range of products that are catering to a variety of transportation requirements. These aforementioned factors are anticipated to contribute to the segment growth over the forecast period.

Europe Micro-mobility charging infrastructure market share, by end use, 2020 (%)

The commercial segment is anticipated to register significant growth over the forecast period. The commercial applications of the micro-mobility mode of transportation are manifold. This mode of transportation is widely used to transport heavy loads over short distances. It is considered cost-efficient than traditional systems. All these factors are projected to contribute to the growth of the segment in the forthcoming years.

Regional Insights

The Asia Pacific region dominated the Micro-mobility charging infrastructure market and accounted for more than a 44.0% share of the global revenue in 2020. The region boasts of some of the most congested and urban population centers in the world. Moreover, Micro-mobility offers a cheaper and faster alternative than traditional mobility systems. This, as a result, is expected to create growth opportunities for the market players in the region.

North America is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to the rising awareness about eco-friendliness. Moreover, geographical features and urban planning of the region are conducive to the use of Micro-mobility charging infrastructure. In addition, the presence of a large number of prominent players in the region is further expected to drive regional market growth.

Key Companies & Market Share Insights

The market is characterized by the presence of a large number of players. The market is highly fragmented in nature. The market is receiving huge investments from numerous investors, and it is also witnessing numerous collaborations and partnerships among service-providing companies and manufacturers. The increasing adoption of e-scooters and e-bikes across the globe is expected to create growth opportunities for the market players.

The market players are mostly focusing on business strategies, such as new product launches, to increase their customer base and strengthen their product portfolio. Numerous players are integrating solar-based power sources into their infrastructure. Numerous governments across the globe are introducing bike-sharing programs. This, as a result, is expected to create growth opportunities for the market over the forecast period. Some of the prominent players operating in the global Micro-mobility charging infrastructure market are:

  • Ather Energy

  • bike-energy

  • Bikeep

  • Flower Turbines

  • Get Charged, Inc.

  • GiulioBarbieri SRL

  • Ground Control Systems

  • Magment GmbH

  • Perch Mobility

  • Robert Bosch GmbH

  • Solum PV

  • SWIFTMILE

  • The Mobility House GmbH

Micro-mobility Charging Infrastructure Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 3.83 billion

Revenue forecast in 2028

USD 16.64 billion

Growth rate

CAGR of 23.4% from 2021 to 2028

Base year of estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company market share, competitive landscape, growth factors, and trends

Segments covered

Vehicle type, charger type, power source, end use, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; Germany; U.K.; Spain; China; India; Japan; Brazil

Key companies profiled

Ather Energy; bike-energy; Bikeep; Flower Turbines; Get Charged, Inc.; GiulioBarbieri SRL; Ground Control Systems; Magment GmbH; Perch Mobility; Robert Bosch GmbH; Solum PV; SWIFTMILE; The Mobility House GmbH

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Segments Covered in the Report

The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For this study, Grand View Research has segmented the global Micro-mobility charging infrastructure market report based on vehicle type, charger type, power source, end use, and region:

  • Vehicle Type Outlook (Revenue, USD Million, 2016 - 2028)

    • E-scooters

    • E-bikes

    • E-unicycles

    • E-skateboards

  • Charger Type Outlook (Revenue, USD Million, 2016 - 2028)

    • Wired

    • Wireless

  • Power Source Outlook (Revenue, USD Million, 2016 - 2028)

    • Solar Powered

    • Battery Powered

  • End-use Outlook (Revenue, USD Million, 2016 - 2028)

    • Commercial

    • Residential

  • Regional Outlook (Revenue, USD Million, 2016 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • Spain

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America

      • Brazil

    • Middle East & Africa

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