Micro-mobility Market: Recent Industry Developments and Growth Strategies Adopted by Players 2019 - 2027
Micro-mobility: Introduction Micro-mobility is a mode of transportation that use very light vehicles, including electric scooters, shared bicycles, pedelec, electric skateboard, bicycles, etc. Gross weight of vehicles under this category is less than 500 kg. Micro-mobility vehicles are used for short duration travel, mainly for first or last mile of a journey. Miniaturization of transport modes for shorter journeys considered under micro-mobility. Requirement of motor, availability for shared services, and usage as primary utility are some additional conditions for micro-mobility. Key Drivers of Global Micro-mobility Market Nearly 60% of car trips across the world are less than 8 kilometers and offer growth opportunities for the micro-mobility market Compact, lightweight, less payload capacity, electric or human-powered powertrain, and limited number of passengers are some of the important features of micro-mobility vehicles. These are expected to be key factors driving the...