Micro-Mobility Charging Infrastructure Market Size, Share, Growth Analysis, By Vehicle Type(E-scooters, E-bikes, E-unicycles, and E-skateboards), By Charger Type(Wired, and Wireless), By Region - Industry Forecast 2024-2031

Global Micro-mobility Charging Infrastructure Market size was valued at USD 4.80 billion in 2022 and is poised to grow from USD 6.01 billion in 2023 to USD 36.28 billion by 2031, growing at a CAGR of 25.2% in the forecast period (2024-2031).

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.