Micro-mobility Charging Infrastructure Market Size, Share & Trends Analysis Report By Vehicle Type, By Charger Type, By Power Source, By End Use, And Segment Forecasts, 2022 - 2030

Report Overview

The global micro-mobility charging infrastructure market size was valued at USD 3.83 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 25.2% from 2022 to 2030. Increasing adoption of micro-mobility vehicles such as e-scooters and e-bikes to help reduce pollution and congestion, especially in crowded cities is a major factor driving the market growth. Micro-mobility is a better alternative to public transportation for countries worldwide focusing on solving their transportation problems rising concern of emissions from vehicles running on gasoline or diesel. Moreover, government subsidies and tax incentives aimed at encouraging the adoption of micro-mobility vehicles are further expected to create more growth opportunities for the market.

Rising applications of micro-mobility vehicles in the transportation and commercial sectors are presenting the need for a strong network of micro-mobility charging stations. In response to the rising demand, micro-mobility vehicle manufacturers are also focusing on offering charging networks across the globe. For instance, in November 2020, TIER, a German e-scooter startup, raised USD 250 million in a Series C funding round from SoftBank Vision Fund 2 to expand its presence in European cities. Such developments bode well for the growth of the micro-mobility charging infrastructure market over the forecast period.

Leading players across the globe are offering innovative services to grow in the increasingly competitive market. For instance, in December 2020, Ola Electric Mobility Pvt Ltd announced the launch of its electric charging stations known as the Ola Hypercharger Network for its range of e-scooters across the world. The company has planned to develop 5,000 charging points across 100 cities in India to provide seamless charging for its e-scooters.

The demand for wireless charging stations for e-scooters and e-bikes has increased significantly in recent years. Several players are developing innovative products to enhance operational functionality and reduce the charging time of chargers. For instance, in May 2021, LG Electronics launched wireless charging stations in Bucheon, Seoul, in partnership with Olulo, Inc’s Kickgoing, a local e-scooter sharing service provider, to provide a better experience for e-scooter users.

The rapidly growing demand for shared mobility solutions is further expected to drive the market growth over the forecast period. Increasing traffic congestion, fuel cost, and rapidly shrinking parking spaces in emerging and developed countries have led to a greater demand for shared mobility solutions. Moreover, citizens prefer the use of shared mobility solutions as they are cheaper than other modes of transportation and eliminate the issues related to parking spaces. However, the high costs of setting up micro-mobility vehicle charging infrastructure could hamper the growth prospects of the market to a certain extent.

COVID-19 Impact Analysis

The COVID-19 pandemic is expected to have an adverse impact on the market. The pandemic decimated demand for public transport as businesses closed and people stayed home. This impacted the profitability of players in the market. Moreover, as micro-mobility vehicle manufacturing facilities remained closed due to the pandemic, a severe impact was also observed on the demand for micro-mobility charging infrastructure. Multiple industries faced significant challenges due to the shortage of raw materials.

Vehicle Type Insights

The e-scooters segment dominated the market in 2021 and accounted for more than 60.0% share of the global revenue. The increasing adoption of e-scooters for shared mobility transportation and first and last-mile transportation has led to an increase in the demand for micro-mobility charging stations for e-scooters. Micro-mobility charging stations in the market are adaptable to any model of e-scooter design, providing greater flexibility to the user. 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.

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. The demand for charging stations capable of charging multiple e-bikes at the same time is high. Also, these e-bike charging stations can be easily and quickly mounted free-standing or on a wall.

Charger Type Insights

The wired segment dominated the market in 2021 and accounted for more than 53.0% share of the global revenue. The high demand for wired charging stations can be attributed to the convenience they offer. Several market players, including bike-energy and Swiftmile, Inc, have developed wired charging stations that are flexible to use in any weather conditions. These wired charging stations are compatible with all e-scooters and e-bikes, thereby providing greater flexibility in charging. These factors are expected to contribute to the growth of the wired segment.

The wireless segment is anticipated to register the fastest 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 agencies. Wireless charging systems are more convenient for e-scooters and e-bikes as compared to wired charging stations. Moreover, companies are also developing intelligent dock systems called wireless charging systems that work indoors and outdoors. Wireless charging stations can also potentially help avoid plug-in glitches regularly faced with wired charging stations.

Power Source Insights

The battery-powered segment dominated the market in 2021 and accounted for more than a 55.0% share of the global revenue. The demand for battery-powered charging stations is increasing due to the rising adoption of battery-swapping technology for e-scooters. At battery swapping stations, users can easily swap an uncharged battery with a charged one and can continue their rides. Many companies have started installing battery-swapping stations in public places. For instance, in January 2021, Zypp, an electric vehicle startup, announced that it is planning to set up 5,000 battery swapping stations in 100 cities across India.

The solar-powered segment is anticipated to register the fastest growth over the forecast period. Benefits such as reduced operating and maintenance costs as compared to battery-powered systems drive the demand for solar-powered charging infrastructure. Moreover, solar-powered charging stations are generally used by people to charge their e-scooters within a shorter period to travel short distances.

End-use Insights

The residential segment dominated the market in 2021 and accounted for more than 68.0% share of the global revenue. Factors such as an increase in urbanization and growing traffic congestion are encouraging customers to shift to micro-mobility vehicles. Users prefer stations that allow the overnight charging of micro-mobility vehicles in homes and residential complexes. In addition, people are becoming more inclined to use e-scooters and e-bikes for transportation at shorter distances. The market features a diverse range of products that cater to a variety of transportation requirements. These factors are anticipated to contribute to the segment growth over the forecast period.

The commercial segment is anticipated to register significant growth over the forecast period. Micro-mobility charging infrastructure installed in various malls and business complexes to provide hassle-free services to visitors is one such example of the segment. Furthermore, many companies have started providing charging stations to hotels, businesses, and other tourist places to allow visitors and employees to charge their e-scooters and e-bikes within a short period. For instance, bike-energy, a company dealing with charging stations, provides charging stations to hotels, businesses, and tourists places. These stations also feature proper parking spaces for e-scooters, preventing vehicle congestion.

Regional Insights

Asia Pacific region dominated the market in 2021 and accounted for more than a 44.0% share of the global revenue. The promising growth of the Asia Pacific regional market can be attributed to the smart city projects and initiatives undertaken by the governments of several countries in the region. For instance, In June 2021, the government of India, under its smart city project, announced an increase in subsidies for purchasing e-bikes and e-scooters under its scheme called Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME) II.

North America regional market is expected to emerge as the fastest-growing regional market over the forecast period. The regional market growth can be attributed to the rising awareness of the need to adopt eco-friendly transportation options. Moreover, the 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 the regional market.

Key Companies & Market Share Insights

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

Market players are 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. These factors are expected to create growth opportunities for the market over the forecast period. Some prominent players in the global micro-mobility charging infrastructure market include:

• Ather Energy

• bike-energy

• Bikeep

• Flower Turbines

• Get Charged, Inc.

• Giulio Barbieri 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

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 2017 to 2030. For this study, Grand View Research has segmented the micro-mobility charging infrastructure market based on vehicle type, charger type, power source, end use, and region.

• Vehicle Type Outlook (Revenue, USD Million, 2017 - 2030)

  • E-scooters

  • E-bikes

  • E-unicycles

  • E-skateboards

• Charger Type Outlook (Revenue, USD Million, 2017 - 2030)

  • Wired

  • Wireless

• Power Source Outlook (Revenue, USD Million, 2017 - 2030)

  • Solar Powered

  • Battery Powered

• End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • Commercial

  • Residential

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  •  Europe

    • Germany

    • U.K.

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

  • Middle East & Africa