The global micro-mobility market size was estimated at USD 40.6 billion in 2024 and is projected to reach USD 91.2 billion by 2030, growing at a CAGR of 14.5% from 2025 to 2030. Micro-mobility represents a rapidly evolving sector within urban transportation, encompassing travel using a variety of lightweight vehicles such as electric kick scooters, electric skateboards, and electric bicycles.

Several key factors are expected to drive the growth of the micro-mobility industry over the forecast period. These include increasing road congestion, rising oil and gas prices, ease of parking, and saturation within the traditional automotive sector. In addition, the rapid expansion of electric bicycle and electric kick scooter renting and sharing services around the world is creating new opportunities for micro-mobility, making short-distance travel more convenient and accessible for urban populations.

Technological advancements, particularly in Lithium battery technology, have significantly improved the performance of micro-mobility vehicles. Innovations have led to longer-lasting, faster-charging, and lightweight batteries, enhancing the affordability, usability, and efficiency of e-scooters and e-bikes. These improvements not only provide a better user experience but also increase operational efficiency, further driving market growth.

Moreover, supportive government initiatives and regulations aimed at promoting sustainable transportation are fostering adoption. Measures such as subsidies for electric vehicles, development of dedicated infrastructure, and stricter emissions standards create favorable environments for both businesses and consumers. Collectively, these factors are fueling the rising demand for eco-friendly, convenient, and cost-effective urban mobility solutions, solidifying micro-mobility as a critical component of modern urban transport systems.

Key Market Trends & Insights:

• In 2024, the Asia Pacific micro-mobility market dominated the global landscape, capturing the largest market share of 46.2%. The region’s leadership is supported by rapid urbanization, growing population density, and increasing adoption of cost-effective and sustainable transportation solutions in major countries across the region.

• Within Asia Pacific, the China micro-mobility market held the largest share, driven by extensive government support for electric mobility, high population density in urban centers, and the growing popularity of shared mobility services. These factors collectively contribute to the widespread adoption of micro-mobility solutions in the country.

• By vehicle type, the electric bicycles segment led the global market in 2024, accounting for the largest revenue share of 88.8%. Electric bicycles dominate due to their affordability, ease of use, and ability to cover longer distances compared to other light electric vehicles, making them a preferred choice for urban commuters.

• Regarding battery type, the sealed lead acid segment held the largest revenue share in the micro-mobility industry in 2024. Sealed lead acid batteries are favored for their reliability, safety, and cost-effectiveness, which contribute to their extensive use in electric bicycles and other micro-mobility vehicles.

• In terms of voltage, the below 24V segment accounted for the largest revenue share in 2024, reflecting the preference for lower-voltage systems in light electric vehicles. These systems are sufficient for most urban commuting needs, providing an optimal balance of efficiency, performance, and cost.

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Market Size & Forecast:

• 2024 Market Size: USD 40.6 Billion

• 2030 Projected Market Size: USD 91.2 Billion

• CAGR (2025-2030): 14.5%

• Asia Pacific: Largest market in 2024

• North America: Fastest growing market

Key Companies & Market Share Insights:

Some of the key players in the global micro-mobility industry include Yadea Technology Group Co. Ltd, Jiangsu Xinri E-Vehicle Co., Ltd, Xiaomi, SEGWAY INC., SWAGTRON, Boosted USA, Airwheel Holding Limited, Yamaha Motor Co., Ltd., Accell Group, and Kalkhoff Werke. These companies are actively shaping the market through innovation, product diversification, and strategic expansion across different regions.

Yamaha Motor Co., Ltd. is a diversified mobility and technology company providing a wide range of products, including motorcycles, marine products, All-Terrain Vehicles (ATVs), snowmobiles, outboard motors, and industrial robots. The company specializes in delivering mobility solutions and high-performance engines across land, sea, and industrial applications. Its focus on innovative technologies, quality, performance, and sustainability underscores its commitment to advancing efficient and reliable transportation solutions for various sectors.

Accell Group is a leading provider of high-quality bicycles, e-bikes, and cycling accessories, operating through well-known brands such as Batavus, Koga, and Haibike. The company emphasizes innovation, sustainability, and performance, catering to both recreational and professional cyclists. Its strong presence in Europe and growing reach internationally highlights its role in expanding the adoption of micro-mobility solutions globally.

Key Players

• Yadea Technology Group Co. Ltd

• Jiangsu Xinri E-Vehicle Co., Ltd

• Xiaomi

• SEGWAY INC.

• SWAGTRON

• Boosted USA

• Airwheel Holding Limited

• Yamaha Motor Co., Ltd.

• Accell Group

• Kalkhoff Werke

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Conclusion:

The global micro mobility market is poised for substantial growth driven by rising urban transportation challenges, including traffic congestion and increasing fuel costs. Adoption of lightweight electric vehicles like e bikes and e scooters is being supported by improvements in battery technology, expanding shared mobility services, and supportive government policies aimed at promoting sustainable and efficient urban travel. These trends highlight a strong shift toward eco friendly, convenient, and cost effective mobility solutions worldwide, underlining a positive long term outlook for the industry.