USD 4.80 billion
Report ID:
SQMIG20D2148 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|Tables:
63
|Figures:
66
Micro-Mobility Charging Infrastructure Market size was valued at USD 6.01 Billion in 2023 and is poised to grow from USD 7.52 Billion in 2024 to USD 45.42 Billion by 2032, growing at a CAGR of 25.2% during the forecast period (2025-2032).
The rapid adoption of micro-mobility vehicles, such as e-scooters and e-bikes, aimed at mitigating pollution and congestion, particularly in densely populated urban centers, serves as a pivotal driver for market expansion. Micro-mobility presents a viable alternative to traditional public transportation systems, offering countries worldwide a solution to transportation challenges while addressing growing concerns about emissions from gasoline and diesel vehicles. Additionally, the implementation of government subsidies and tax incentives further amplifies growth opportunities within the market.
The increasing utilization of micro-mobility vehicles in both transportation and commercial sectors underscores the necessity for a robust network of micro-mobility charging stations. To cater to this escalating demand, micro-mobility vehicle manufacturers are strategically focusing on establishing comprehensive charging networks on a global scale. Notably, the example of TIER, a German e-scooter startup, securing significant funding for expansion in European cities in 2020, indicates promising developments for the growth of the micro-mobility charging infrastructure market throughout the forecast period.
Leading global industry players are actively introducing innovative services to thrive in an increasingly competitive market environment. A notable case is Ola Electric Mobility Pvt Ltd, which unveiled its electric charging stations, known as the Ola Hypercharger Network, designed to cater to its range of e-scooters worldwide. The ambitious plan to deploy 5,000 charging points across 100 cities in India exemplifies the commitment to seamless charging for e-scooters, fostering growth prospects.
The escalating demand for wireless charging stations for e-scooters and e-bikes is a recent notable trend. Various industry players are engineering novel products to enhance operational efficiency and decrease charger charging times. For example, LG Electronics' introduction of wireless charging stations in collaboration with Olulo, Inc's Kickgoing, a local e-scooter sharing service provider, in Bucheon, Seoul, in May 2021, highlights efforts to enhance the overall user experience for e-scooter users, reflecting the significance of wireless charging in the market.
US Micro-Mobility Charging Infrastructure Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.80 billion
Largest Segment
E-scooters
Fastest Growth
E-bikes
Growth Rate
25.2% CAGR
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The global micro-mobility charging infrastructure market is segmented by Vehicle Type, Charger Type, Power Source, End-use, and Region. Based on Vehicle Type the market is segmented as, E-scooters, E-bikes, E-unicycles, and E-skateboards. Based on Charger Type, the market is segmented as, Wired, and Wireless. Based on Power Source, the market is segmented as, Solar Powered, Battery Powered. Based on End-use, the market is segmented as, Commercial, and Residential. Based on Regional the market is segmented as, North America, Asia Pacific, Latin America, and Middle East & Africa (MEA).
Micro-mobility Charging Infrastructure Market Analysis By Vehicle Type
In 2022, the e-scooters segment asserted its dominance, capturing over 60.0% of the global market revenue. The surge in e-scooter adoption, especially for shared mobility and as a solution for first and last-mile transportation, has spurred a heightened demand for micro-mobility charging stations designed specifically for e-scooters. Notably, these charging stations exhibit adaptability to accommodate diverse e-scooter designs, offering users enhanced flexibility. Riders increasingly favor e-scooters due to their convenience in parking and recharging, effectively contributing to reducing traffic congestion and improved air quality by minimizing e-scooter retrieval operations.
The e-bikes segment is poised for substantial growth throughout the forecast period. This anticipated expansion is primarily driven by the escalating deployment of e-bike charging stations in prominent tourist and public areas. Such strategic placements are expected to be pivotal in fueling the segment's growth. Moreover, there is a notable demand for charging stations capable of simultaneously charging multiple e-bikes, reflecting the practical requirements of users. These e-bike charging stations offer seamless versatility, enabling easy wall mounting or standalone installation, further adding to their appeal.
Micro-mobility Charging Infrastructure Market Analysis By Charger Type
In 2022, the wired segment stood as the market leader, commanding over 53.0% of the global revenue share. The robust demand for wired charging stations can be attributed to their inherent convenience. Market participants like bike-energy and Swiftmile, Inc have successfully engineered wired charging stations designed to function reliably in various weather conditions. Notably, these wired charging stations boast compatibility with a wide range of e-scooters and e-bikes, translating to enhanced flexibility in charging. These aspects collectively contribute to the upward trajectory of the wired segment.
The wireless segment is poised to exhibit the swiftest growth over the forecast period. This remarkable expansion can be credited to the escalating adoption of autonomous vehicles in logistics, particularly by prominent retail Multinational Corporations (MNCs) and public transportation agencies. Wireless charging systems offer a higher level of convenience for both e-scooters and e-bikes compared to traditional wired charging stations. Furthermore, companies are actively developing intelligent dock systems, aptly termed wireless charging systems, designed for both indoor and outdoor usage. These wireless charging stations not only promise seamless operation but also have the potential to alleviate the plug-in issues often encountered with wired charging stations, further driving their adoption.
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In 2022, the Asia Pacific region established its dominance in the market, commanding a substantial share of over 44.0% of the global revenue. The robust growth witnessed in the Asia Pacific region can be primarily credited to the extensive smart city projects and proactive initiatives undertaken by various governments across the region. An illustrative example is India, where, in June 2021, the government announced increased subsidies for the purchase of e-bikes and e-scooters, a significant step under the Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME) II scheme, part of the country's smart city project.
The North American regional market is anticipated to exhibit the highest growth rate throughout the forecast period. This growth can be attributed to the escalating awareness regarding the necessity to adopt environmentally friendly transportation alternatives. Furthermore, the geographical features and urban planning within the region lend themselves to the effective deployment of micro-mobility charging infrastructure. The presence of a plethora of key industry players in the North American region further augments its growth potential, adding momentum to the regional market.
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Micro-mobility Charging Infrastructure Market Drivers
Environmental Concerns:
Urbanization:
Micro-mobility Charging Infrastructure Market Restraints
Infrastructure Limitations:
Battery Range and Charging Time:
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The competitive landscape of the micro-mobility charging infrastructure market is characterized by intense competition among both established players and emerging startups. Key industry participants are continuously striving to expand their market presence by developing innovative and technologically advanced charging solutions, forming strategic partnerships, and expanding their geographical reach. Major players in the market are investing significantly in research and development to enhance the efficiency and reliability of charging stations, catering to the diverse needs of e-scooters and e-bikes.
These companies are also actively engaging with governments and urban planning authorities to secure contracts for installing charging stations in smart city projects. Additionally, collaborations with micro-mobility vehicle manufacturers and service providers are becoming increasingly important to create a seamless ecosystem for users. As the market evolves, a focus on sustainability, scalability, and user-friendly features will be crucial for companies to maintain a competitive edge and capture a larger market share in the rapidly growing micro-mobility charging infrastructure sector.
Micro-mobility Charging Infrastructure Market Top Player’s Company Profile
Micro-mobility Charging Infrastructure Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global micro-mobility charging infrastructure market analysis, the increasing adoption of e-scooters and e-bikes as eco-friendly urban transportation solutions are the key growth drivers. The Asia Pacific region dominates the market, accounting for a significant share due to smart city initiatives and rising population in countries like India and China. The market is segmented based on the type of charging (wired and wireless), with wired charging holding a majority share in 2021. The demand for charging stations in the e-scooters segment is prominent, accounting for over 60% of the global revenue. The growth is attributed to shared mobility and last-mile transportation needs. Key market drivers include environmental concerns, government subsidies, and the expansion of micro-mobility services. Innovations such as wireless charging, partnerships between charging infrastructure providers and vehicle manufacturers, and the integration of charging networks with urban planning initiatives are shaping the future of this market.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 4.80 billion |
Market size value in 2031 | USD 36.28 billion |
Growth Rate | 25.2% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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For the Micro-Mobility Charging Infrastructure Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Micro-Mobility Charging Infrastructure Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Micro-Mobility Charging Infrastructure Market:
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Report ID: SQMIG20D2148
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