Shaping the Future: Global Micro-Mobility Market Trends 2022-2032 🌍🚴♂️
The Global Micro-Mobility Market Size is expected to reach USD 216.3 Billion by 2032, at a CAGR of 18.35% during the forecast period 2022 to 2032.Micro-mobility, sometimes referred to as micro mobility, corresponds to a class of small, light-weight vehicles that travel at speeds of up to 25 km/h and are driven by individuals themselves over short distances. Micromobility may involve both human-powered and electric vehicles; however, electric vehicles cannot have internal combustion engines or travel faster than 45 km/h to be considered micro-mobility. Micromobility devices include bicycles, e-bikes, electric scooters, electric skateboards, shared bicycle fleets, and electric pedal assisted bicycles. Micro mobility can be either privately owned or available as rental vehicles, mostly in the form of dockless sharing.