The global micro-mobility charging infrastructure market size was estimated USD 7.50 billion in 2022 and is expected to hit around USD 65.77 billion by 2032, rising at a CAGR of 24.30% during the forecast period 2023 to 2032.
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The china micro-mobility charging infrastructure market size was estimated USD 1.82 billion in 2022 and is expected to hit around USD 15.54 billion by 2032, rising at a CAGR of 24.30% during the forecast period 2023 to 2032.
Asia Pacific region accounted largest market share of around 45% in 2022. The Asia Pacific region being the most congested and having a lot of urban population happens to be a great market for the micro mobility charging infrastructure as there is an increase in the sales of E-scooters.
North American market is exhibiting fastest growth rate. It shall grow well during the forecast. Due to the growing awareness of the environmental issues, there has been a growth in the North American region. As many well known companies related to this market are based in North America, a major increase is expected in this regional market.
The e-scooters or the e-bikes, which is comprise of the micro mobility for sustainable travel mode due to the rising adoption of environmental policies and stringent rules to reduced environmental pollution and improve the mode of transportation. A rise in the market is expected during the forecast. Many companies across the globe are providing potential for this market to flourish. Due to the lockdown during pandemic, the demand for public transportation had declined as people were asked to stay at home. Due to this, the profits have suffered to a large extent. The expected market expansion has also hindered during the forecast period.
There has been a strain on the economy and many businesses have come down. Since many people are working from home there's been a decline in the revenue. When covering long distance or for longer drives, charging stations are required. The costs of these charging stations vary some charge by the minute, while others charged by the energy received. Charging racks are set up, which also help in solving the parking situation for scooters and bike. When the vehicles are parked in the charging rack, it reduces the risk of theft. Also, it provides for a fixed location for the customers to look at. The wireless charging system or the charging infrastructure reduces the need for servicing as it eliminates any mechanical wear and tear.
Growth Factors
As many nations are increasing the investments in micro mobility like the electric scooters and others for the modes of transport, this happens to be a factor for the growth of this infrastructure. Land investments are done in order to install this infrastructure in many countries for ease of use of micro mobility. Other factors that help in the growth of this market is the reduction of carbon footprint which happens due to the increased greenhouse gas emissions. Also, the awareness in the public regarding the flexible transport alternative and also a surging focus of government towards renewable sources is the most important factor for boosting the micro mobility charging infrastructure. Various technological developments, progressions and the growing trends compel the automobile companies to produce environmentally friendly vehicles. The sales of the e-bikes is expected to rise due to the development of various charging stations globally. The global increase of the oil and gas prices, problem of parking and the rising road congestion are the factors that lead to the growth of this sector.
| Report Coverage | Details |
| Market Size by 2032 | USD 65.77 Billion |
| Growth Rate from 2023 to 2032 |
CAGR of 24.30% |
| Asia Pacific Market Share in 2022 | 45% |
| E-scooters Segment Market Share in 2022 | 61% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | Vehicle Type, Power Source, Charger, End User, Geography |
| Companies Mentioned | Robert Bosch, GmbH, Bikeep, Bike energy., Ather energy, Flower turbines., Ground control systems., Perch mobility., Solum PV., Magment GmbH., The Mobility House GmbH., SWIFTMILE |
Based on vehicle types, the e-scooters segment accounted revenue share of around 61% in 2022. Many riders have started using more and more scooters, which are easy to park and easy to recharge, so the East Scooter segment has the largest share in the market. The E scooter charging platform helps in reducing the congestion due to traffic and improves the quality of air. The E scooter charging platforms are expected to drive the market.
As there will be more and more infrastructure of E-bike charging in tourist and public places there shall be an increase in the sales too. The E bikes charging infrastructure can be mounted freestanding or on a wall. It provides the benefit of charging multiple E bikes at the same time.
On the basis of charger can be divided into wireless charger and wired charger. The wired charger infrastructure segment has the major share 54% of the market in 2022. Many companies or various nations are focusing on implementing these charging stations as they are extremely easy to use. As the usage of E scooters and E bikes is increasing it is also expected that the wired charger segment will also grow. The wired charging infrastructure is extremely convenient to use. Is this Michael's are used in logistics by multinational corporations and it is also used in public transport.
The wireless charger segment may also grow during the forecast. The hassles with the plug in devices for charging the vehicles can be avoided by the use of wireless charging stations.
The battery-powered segment accounted revenue share of around 56% in 2022. The battery powered stations can charge many stations at the same place, so the battery powered segment is expected to have a larger market share compared to the other segment. Battery powered, micro mobility charging infrastructure can be installed for personal use in the private parking lots and garages. But since the solar type infrastructure requires less maintenance as compared to that of the battery type, this market is also expected to grow.
The solar-powered segment is expected to reach the fastest growth during the forecast period 2023 to 2032.
The end user segment can be divided into residential and commercial sub segments. The residential segments have a dominant market share because increased awareness and urbanization, and also a needed solution for growing traffic congestion.
The residential segment accounted revenue share of around 69% in 2022. The commercial segment is expected to witness strong growth during the forecast period.
Key market developments
The installation of 150 charging points for micro mobility vehicles such as E- scooters, as well as E bicycles, has commenced by a French industry i the month of March 2021. Toyota and the Mobility house in a partnership have aimed to provide buyers of Toyota or Lexus plug in hybrid or the electric car and access to the charging stations through the mobility house.
In order to expand the company's infrastructure business charge, Enterprises acquired ANS advanced network services.
In June 2020, Charge my EV was an application which was introduced by Bosch. To help in gaining the access to various 1,50,000 electric vehicle charging spots in the European countries. The same organization has expanded globally by installing charging stations at 6000, various locations across US and Europe. An electric vehicle supply equipment company, EV Box partnered with the Mobile House Company. In order to transform the emission free mobility the companies invested in research and development to bring intelligent electronic vehicle charging technologies to the market.
Market segments covered in the report.
(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)
By Vehicle type
By Charger
By Power Source
By End User
By Geography
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