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August 2025
The micro-mobility market is forecasted to expand from USD 96.39 billion in 2025 to USD 242.41 billion by 2034, growing at a CAGR of 10.79% from 2025 to 2034. The rise in number of EV startups dealing in two-wheelers coupled with numerous government initiatives aimed at reducing vehicular emission has played a prominent role in shaping the industrial landscape.
Additionally, the rising popularity of last-mile transportation along with growing usage of smartphones is contributing to the market in a positive direction. The technological advancements in autonomous and connected vehicles and integration of AI in electric scooters is expected to create ample growth opportunities for the market players in the upcoming days.
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The micro-mobility market is a prominent sector of the automotive industry. This industry deals in manufacturing and distribution of micro-mobility solutions in different parts of the world. There are different types of vehicles developed in this sector consisting of electric scooters, electric bicycles, electric skateboards and some others. These vehicles are powered by numerous types of batteries comprising of sealed lead acid battery, NiMH battery, Li-ion battery and some others. The rapid urbanization in developed nations of the world has boosted the market growth. This market is expected to rise significantly with the growth of EV industry around the globe.
The major trends in this market consists of partnerships, government initiatives and rise in number of EV startups.
The electric bicycles segment dominated the market. The growing popularity of electric bicycles in several countries such as Italy, Singapore, Canada and some others has boosted the market expansion. Additionally, rapid adoption of e-cycles by urban people to curb traffic congestions coupled with rapid investment by cycle manufacturers to develop high-quality electric bicycles is playing a crucial role in shaping the industrial landscape. Moreover, partnerships among e-bicycle companies and fleet operators to deploy electric bicycles with an aim to reduce vehicular emission is expected to boost the growth of the micro-mobility market.
The electric scooter segment is expected to grow with a significant CAGR during the forecast period. The increasing demand for electric scooters among mid-income population in several countries such as India, Vietnam, Thailand and some others has driven the market growth. Additionally, rapid investment by battery companies to develop high-range batteries for electric scooters is contributing to the industry in a positive direction. Moreover, collaborations among ride-hailing companies and electric scooter manufacturers to gain maximum profit margins is expected to propel the growth of the micro-mobility market.
The commercial segment dominated the market. The rise in number of fleet operators in several countries such as India, China, Singapore and some others has boosted the market expansion. Additionally, the rising adoption of electric scooters by ride-sharing companies to curb vehicular emission coupled with rapid investment by ride-sharing companies to deploy eco-friendly vehicles is playing a vital role in shaping the industrial landscape. Moreover, avaialbility of online booking apps in Google Play Store and Apps Store is expected to drive the growth of the micro-mobility market.
The private segment is expected to rise with a notable CAGR during the forecast period. The rising popularity of electric scooters among mid-aged population in prominent nations such as Indonesia and Thailand has boosted the industrial expansion. Also, the increasing consumer preference to purchase electric bicycles for daily commutes coupled with growing awareness among individuals to adopt eco-friendly vehicles is further adding to the market growth. Moreover, the availability of micro-mobility solutions in numerous online platforms such as Amazon, Walmart, Alibaba and some others is expected to propel the growth of the micro-mobility market.
North America led the micro-mobility market. The growing adoption of electric mobility solutions in the U.S. and Canada with an aim to reduce vehicular emission has boosted the market growth. Additionally, numerous government initiatives aimed at developing the EV charging infrastructure coupled with rapid urbanization and rise in number of smart city projects is playing a crucial role in shaping the industry in a positive direction. Moreover, the presence of several market players such as Yellow Scooters, Lime Scooters, Lyft, EV Rider LLC and some others is expected to drive the growth of the micro-mobility market in this region.
Asia Pacific is expected to expand with the highest CAGR during the forecast period. The growing sales of electric scooters in several countries such as India, China, Japan, South Korea and some others has driven the market expansion. Also, rapid investment by government for deploying electric mobility solutions coupled with rise in number of EV startups is playing a prominent role in shaping the industrial landscape. Moreover, the presence of various market players such as Jiangsu Xinri E-Vehicle Co., Ltd, Yamaha Motor Co., Ltd., Yadea Technology Group Co. Ltd and some others is expected to propel the growth of the micro-mobility market in this region.
In June 2025, Stewart Lyons, the Co-CEO of Bird and Spin made an announcement stating that," Micromobility is now a core part of how people move through their cities, and our new fleet reflects that, by investing in better vehicles, we’re investing in our riders and by investing in our riders, we’re investing in the future of our cities. These upgrades help build more integrated transportation networks, support safer streets, and reduce carbon emissions strengthening our position as a leader in sustainable urban mobility."
The micro-mobility market is a highly competitive industry with the presence of several dominating players. Some of the prominent companies in this industry consists of Yellow Scooters (US), Bird Rides Inc. (US), Lime Scooter (US), Micro Mobility Systems AG (Switzerland), ofo Inc. (China), Mobike (China), Motivate (Lyft) (US), Pride Mobility Products Corp. (US), EV RIDER LLC (US), Golden Technologies (US), Ninebot Limited (China), Lime Electric Bikes and Scooters (US), Scoot Networks (US), Uber Technologies Inc. (US), Lyft Inc. (US), TIER Mobility GmbH (Germany), Merits Co. Ltd (Taiwan), Segway, Inc. (US )and some others. These companies are constantly engaged in providing micro-mobility solutions and adopting numerous strategies such as joint ventures, launches, partnerships, collaborations, business expansions, acquisitions, and some others to maintain their dominance in this industry.
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