The Global Micro-Mobility Charging Infrastructure Market accounted for US$ 4,280.5 Mn in terms of value in 2022 and is expected to grow at a CAGR of 20.57% for the period 2023-2030. Micro-mobility Charging Infrastructures are dedicated sites where one or more electric vehicle supply equipment (EVSE) are installed. The micro-mobility charging infrastructures are functional 24*7 with 21 AC/DC chargers to charge electric scooters, e-bikes, e-skateboards, and so on.
Global Micro-mobility Charging Infrastructure Market: Drivers
Increasing fuel prices will define growth of the global micro-mobility charging infrastructure market over the forecast period. For instance, according to Coherent Market Insights, in the U.S., the average price of fuel in June 2020 was US$ 2.076, and in June 2021 was US$ 3.154, showcasing a growth of 51.9%. Therefore, the demand for micro-mobility charging infrastructure is estimated to increase during the forecast period (2023-2030).
Global Micro-mobility Charging Infrastructure Market: Opportunities
As technology continues to advance, there is an opportunity for the companies in the micro-mobility charging infrastructure market to develop more efficient and effective charging solutions. For instance, wireless charging technology can eliminate the need for physical charging stations. Moreover, smart charging systems can help optimize charging times and eliminate the risks associated with energy waste.
Global Micro-Mobility Charging Infrastructure Market: Restraints
Low level of awareness about shared mobility across the emerging economies is one of the major challenges for the growth of global micro-mobility charging infrastructure market.
Global Micro-mobility Charging Infrastructure Market – Impact of Coronavirus (COVID-19) Pandemic
The outbreak of COVID-19 is expected to negatively influence the global micro-mobility charging infrastructure market growth. The COVID-19 pandemic decimated demand for public transport as several businesses closed and number of people stayed home as compared to pre-pandemic times. This has impacted the profitability of the micro-mobility charging infrastructure companies.
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Key Takeaways:
The global micro-mobility charging infrastructure market was valued at US$ 4,280.5 Mn in 2022 and is forecast to reach a value of US$ 19,122.4 Mn by 2030 at a CAGR of 20.57% between 2023 and 2030.
E-bike segment held dominant position in the global micro-mobility charging infrastructure market in 2022, accounting for 47.3% share in terms of value. Increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.
Global 3D Scanning Market Trends:
Asia Pacific region is expected to exhibit the highest growth in the global micro-mobility charging infrastructure market during the forecast period, owing to increasing adoption of electric micro-mobility. Moreover, governments of various countries are offering subsidy schemes in order to increase the sales of electric micro-mobility. For instance, in June 2021, the government of India made a declaration of raising subsidies for electric two wheelers under its FAME (Faster Adoption and Manufacturing of Hybrid & Electric Vehicle) II scheme.
Global 3D Scanning Market: Competitive Landscape
Major companies operating 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, and The Mobility House GmbH.
Global 3D Scanning Market: Recent Developments
In October 2022, Amazon.com, Inc., an information technology company, planned to invest approximately US$ 1.12 Billion over the period of next 5 years. The company planned to utilize the amount to establish public charging infrastructure across European region. This is expected to facilitate a micro-mobility infrastructure across the region.
In February 2022, ACTON Inc., a Micromobility-as-a-Service (MaaS) provider company, completed the acquisition of DUCKT, a charging and docking infrastructure solutions provider. Through this acquisition, ACTON Inc., benefitted from the availability of multiple components required to setup micro-mobility charging infrastructure across geographies.
In January 2022, Lime, a shared electric mobility service provider, launched its Gen4 e-bike with advanced features. This electric bike features swappable & interchangeable batteries and two speed automatic transmission. Through this launch, the company planned to support its business expansion strategies across unserved geographies.
In May 2021, Helbiz, a micro-mobility solution provider, launched 200 electric bikes along with 200 electric scooters at Ferrara, Italy. With this launch, the company provided a wide array of options to choose between electric bikes and scooters. This also helped in reducing the negative impact on environment.
In January 2021, Voi Technology, an urban mobility company, in collaboration with Angel Group, an e-mobility specialized company expanded its electric vehicle sharing business with VAIMOO smart eBikes in the U.K. This helped Voi Technology expand its fleet of advanced electric bikes through the use of VAIMOO technology.
