Cookie Consent

Our website uses cookies to provide your browsing experience and relavent informations.Before continuing to use our website, you agree & accept of our Cookie Policy & Privacy

APAC: +919373948803 | US: +1(682)559-7131

Automotive and Transportation

google-translate

The Micro-Mobility Charging Infrastructure Market is expected to grow from US$ 5.83 billion in 2022 to US$ 22.76 billion by 2031, at a CAGR of 24.4%.


Market Overview:

The Micro Mobility Charging Infrastructure Market is growing rapidly, attributed to the adoption of electric micro-mobility solutions by e-scooters, e-bikes, as well as other compact electric vehicles. Urbanization rates are increasing and cities find a need for sustainable options for transportation, thus making them an integral part of lessening traffic congestion, reducing carbon footprint, and connecting the city through last-mile connectivity. Charging infrastructure must, therefore, expand to accommodate these vehicles at large for mass adoption.

The significance of the market lies in its role in enabling a transition to cleaner, more efficient modes of transport. With the rise of electric vehicles, an extensive and reliable charging network becomes a key enabler that addresses the challenge of range anxiety and downtime. Charging stations designed for micro-mobility vehicles are being integrated into urban landscapes, offering benefits from reducing emissions to improving mobility accessibility, both to the public and private sectors.

The market also is seen playing a crucial role in supporting innovation and investment in energy-efficient technologies. Some key players in the industry invest in smart charging solutions that have improved the user experience with fast-charging stations, wireless charging, and advanced battery management systems that contribute to overall efficiency. In so doing, it develops this growing micro-mobility ecosystem that is aligned with international goals on sustainability.

Market Dynamics:

Drivers:

  1. Urbanization and Traffic Congestion: Rapid urbanization has caused heavy traffic congestion, which has prompted cities to look at e-scooters and e-bikes as micro-mobility solutions. The need for eco-friendly, convenient transportation has pushed up the demand for reliable charging infrastructure.
  2. Government Initiatives and Policies: The governments of the world are adopting policies and incentives that promote sustainable transport in the form of subsidies on electric vehicles (EVs) and micro-mobility services. These initiatives spur the creation of charging infrastructure.

Restraints:

  1. Urban Area Space Constraints: In cities, the space is crowded, and charging station space is not easily allocated, especially in densely congested or historic districts.
  2. Non-standardization: There is no generally accepted standard for micro-mobility charging that is universally accepted. Compatibility problems can thus hinder the expansion of charging infrastructure.

Opportunities

  1. Integration with smart city infrastructure: Since a city is transforming into a smart city, there is a possibility to be integrated into the larger urban system, for instance, through the use of an IoT-enabled charging station that shows real-time usage and availability data.
  2. Integration of Renewable Energy: Charging stations could be integrated with renewable energy sources like solar and wind power, which can make charging infrastructure not only sustainable but also economical.

Challenges:

  1. Uncertainty of Regulatory and Policy: The micro-mobility sector is still in an emerging stage, and local regulatory frameworks for charging infrastructure vary. Uncertainty about permits, zoning laws, and local regulations can delay infrastructure development.
  2. Logistical Operations and Maintenance: Micro-mobility needs are made by their operation and proper maintenance at the time of charging stations. Interruption of such operations often leads to users not finding the service, resulting in reduced adoption.

Micro Mobility Charging Infrastructure  Market

Key Players:

  • Ather Energy
  • bike-energy
  • Bikeep
  • Flower Turbines
  • Get Charged, Inc.
  • Giulio Barbieri SRL
  • Ground Control Systems
  • Magment
  • Perch Mobility
  • Robert Bosch GmbH
  • Solum
  • SWIFTMILE
  • The Mobility House GmbH

Market Segmentation:

By Vehicle Type

  • E-scooters
  • E-bikes
  • E-unicycles
  • E-skateboards

By Charger Type

  • Wired
  • Wireless

By Power Source

  • Solar Powered
  • Battery Powered

By End-use

  • Commercial
  • Residential

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East

Covid 19 Analysis:

The COVID-19 pandemic was mixed in its impact on the Micro Mobility Charging Infrastructure Market. On one hand, the global lockdowns and social distancing measures resulted in a significant decrease in public transportation usage, with a resultant increase in demand for alternative modes of transport such as micro-mobility vehicles, including e-scooters and e-bikes. This surge in demand led to the need for additional charging infrastructure.

However, the pandemic also affected supply chains, delayed construction projects, and created economic uncertainty, which temporarily slowed investments in infrastructure development. Many governments shifted focus to immediate public health and economic concerns, which delayed policy advancements and subsidies for electric mobility.

The challenges notwithstanding, the pandemic reaffirmed the need for clean and safe transportation and called for long-term investments in micro-mobility and charging infrastructure. As cities recover from the crisis, demand for sustainable urban mobility solutions will pick up rapidly, thus restoring the market.

Regional Analysis:

North America: North America's market is experiencing growth with a strong increase in e-scooters and e-bikes adoption, particularly in cities like New York, San Francisco, and Los Angeles. The push for cleaner transportation alternatives from the U.S. government along with favorable policies and incentives is driving infrastructure development. Yet, the market still encounters high installation costs and lack of space in urban areas.

Europe: Europe has a lion's share in the micro-mobility charging infrastructure market as Germany, France, and the Netherlands are leading there. Europe is embracing cities that implement micro-mobility as a part of their policy to have sustainable cities while having already well-established networks and charging stations. EU legislations as well as finance for green technologies are also working as drivers.

Asia-Pacific: The Asia-Pacific region, especially China and India, is rapidly urbanizing, with rising demand for micro-mobility solutions. Emerging markets will drive growth in the market as investments in infrastructure and technological advancements continue.

Rest of the World: Latin America and the Middle East are also beginning to invest in micro-mobility charging infrastructure, though slowly due to economic constraints and changing regulatory landscapes. As awareness of sustainability increases, these regions will continue to expand in the future.

Key trends:

  1. Smart City Integration: Smart cities have become a growing trend that affects the micro-mobility charging infrastructure market. The charging stations are being integrated with IoT technology to support real-time data tracking, remote monitoring, and dynamic pricing. These smart systems optimize usage at the charging stations and improve the user experience.
  2. Increasing Fast-Charging solutions: A greater need in light of rapid turnaround time brings higher growth prospects in fast-charging infra development. It has started featuring charging stations equipped with more powerful fast-charging capabilities that ensure much-reduced waiting time, hence a relatively ease in electric micro-mobility use.
  3. Incorporation of Renewable Energy Sources: One of the current market trends is the integration of renewable sources like solar and wind power with micro-mobility charging stations. This will work in line with the sustainable goals of the world, making charging infrastructure less carbon-intensive.
  4. More investment in the emerging markets: This is as a result of an increased interest in micro-mobility solutions in the emerging markets like India, China, and Latin America. There are thus a lot of investments towards charging infrastructure to address these demands. It is going to drive most of the market's growth.

Scope of the Report

Details

Study Period

2021–2031

Base Year Considered

2023

Forecast Period

2024–2031

CAGR Value

 24.4%

Forecast Market Size

 US$ 22.76 billion

Segments Covered

Vehicle type, charger type, power source, end-use, and Region

Regions Covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)

Companies Covered

· Ather Energy

· bike-energy

· Bikeep

· Flower Turbines

· Get Charged, Inc.

· Giulio Barbieri SRL

· Ground Control Systems

· Magment

· Perch Mobility

· Robert Bosch GmbH

· Solum

· SWIFTMILE

· The Mobility House GmbH

Methodology
Dynamic Market Insights is a leading market research company that follows a comprehensive and meticulous approach in conducting research. Our research process is divided into four major stages, each playing a crucial role in delivering accurate and insightful market intelligence.

Understanding Your Business Model:
We'll begin by delving deep into your business model, ensuring we understand your industry's nuances, market position, and strategic goals.

Research Process:
Our systematic process includes problem definition, literature review, research design, data collection, analysis, interpretation, and reporting.

1. Data Collection
a) Primary Research:
- The primary research stage involves the direct interaction with industry experts, stakeholders, and target audience through interviews, surveys, and focus group discussions. This step allows us to gather firsthand information, insights, and opinions directly from the key players in the market.
- By conducting primary research, we ensure that our findings are up-to-date, accurate, and reflective of the current market sentiments. This stage also enables us to validate and complement the data obtained from secondary sources.

b) Secondary Research:
- In this initial stage, we gather a wide range of data from various secondary sources, including industry reports, market publications, government databases, and reputable online sources. This step helps us build a foundation of knowledge about the market, its trends, and key players.
- The data collected at this stage provides a comprehensive overview of the industry landscape, enabling us to identify key variables and factors that influence market dynamics.

2. Sampling Strategy:
We Define the target population and employ a sampling strategy that ensures the representation of key segments within the market.
- Sampling Technique: Choose between random, stratified, or purposive sampling.
- Sample Size: Justify the size based on statistical significance and resource constraints.

3. Data Analysis:
- Following the collection of both secondary and primary data, our team of skilled analysts employs advanced statistical and analytical tools to process and analyze the gathered information. This stage involves identifying patterns, trends, correlations, and key market drivers that influence the industry.
- Our data analysis goes beyond mere numerical interpretation; we provide a qualitative assessment that adds depth to understanding market dynamics. This stage is pivotal in transforming raw data into actionable insights for our clients.

a) Quantitative Analysis:
We will employ a structured approach, utilizing surveys and statistical tools to gather and interpret numerical data. A meticulously designed questionnaire will be distributed to a representative sample, ensuring a broad spectrum of responses. Statistical methods will be applied to identify patterns, correlations, and trends, including regression analysis and data visualization. The quantitative analysis will provide an overview of market trends, customer preferences, and key metrics.

b) Qualitative Analysis:
Our qualitative analysis will involve a nuanced exploration of non-numerical data, capturing rich insights into attitudes, opinions, and behaviors. In-depth interviews and focus group discussions will be conducted to gather qualitative data. Thematic coding and content analysis techniques will be applied to categorize and interpret qualitative information systematically. This approach aims to uncover underlying motivations, perceptions, and contextual factors that may not be apparent through quantitative methods. The qualitative analysis will add depth and context to the research findings, offering a comprehensive understanding of the market landscape.

4. Market Sizing
We Determine the total addressable market (TAM) by evaluating the potential demand for the product or service within the target market.

5. Data Procurement Techniques:
We'll employ various methods such as surveys, interviews, focus groups, and a thorough review of existing data sources to ensure a well-rounded dataset.

6. Data Modeling Techniques:
Utilizing advanced statistical methods like regression analysis and data visualization to derive valuable insights from both qualitative and quantitative data.

7. Development:
- PESTEL Analysis: Scrutinizing macro-environmental factors impacting your industry.
- SWOT Analysis: Evaluating internal strengths, weaknesses, and external opportunities and threats.
- Porter's Five Forces: Assessing industry competitiveness.

8. Validation and Calibration:
DMI Validate findings through expert consultations and calibration against multiple data sources to enhance the reliability of estimates.

9. Final Result:
- R-Value: Calculating correlation coefficients to measure relationships in quantitative data.
- T-Value: Conducting statistical tests to gauge the significance of variables.
- Comprehensive Analysis: Delivering a detailed report merging qualitative and quantitative findings with actionable insights and strategic recommendations aligned with your business goals.