MICRO-MOBILITY CHARGING INFRASTRUCTURE MARKET ANALYSIS

Market Challenges And Opportunities

Global Micro-mobility Charging Infrastructure Market Drivers:

Increasing awareness to reduce greenhouse gas emissions

Micro mobility solutions such as electric scooters, e-bikes and other lightweight vehicles have emerged as an increasingly popular mode of transportation in many urban areas around the world. The adoption of these vehicles contribute to the reduced traffic congestion and improved air quality. In addition, the economic benefits offered by the micro mobility along with rising adoption as a means of transportation are expected to propel the demand for charging infrastructure across geographies.

• Increasing awareness to reduce greenhouse gas emissions

Global Micro-mobility Charging Infrastructure Market Restraints:

Low level of awareness about shared mobility across the emerging economies to impede market pace

Shared mobility services such as bike sharing and scooter sharing are still relatively new concepts in many emerging economies. This has resulted in lack of understanding about these services; further restraining micro-mobility charging infrastructure provider companies in generating demand for their services. Furthermore, there are limited regulations and policies in place to support the growth of shared mobility services. These circumstances are resulting in challenges for the companies to operate across these developing economies. This is anticipated to restrict the companies offering micro-mobility charging infrastructure to enter in these regions.

• Low level of awareness about shared mobility across the emerging economies

Global Micro-mobility Charging Infrastructure Market Opportunities:

Many government agencies around the world are offering incentives for the adoption of micro mobility vehicles, including subsidies for the purchase of electric scooters and bikes. For instance, in April 2021, the French government along with the French Federation planned to offer an incentive program to enable individuals buy electric bikes. Under this scheme, the authorities will offer approximately US$ 2,675 to electric bike consumers. Through this, the government agencies are propelling the uptake of electric bikes in France. Additionally, the regulatory authorities are also offering funding for the development of charging infrastructure. This is anticipated to create an opportunity for the company in the micro-mobility charging infrastructure market to collaborate with regulatory bodies to expand their operations and support the business reach across unserved regions.