The micro-mobility market is rapidly emerging as a transformative force in the urban transportation sector. Forecasts show the market growing from USD 96.39 billion in 2025 to USD 242.41 billion by 2034, registering a CAGR of 10.79%. This surge is driven by the rise of electric vehicle (EV) startups, government efforts to reduce emissions, and the increasing demand for last-mile connectivity solutions.
Introduction to the Micro-Mobility Market
Micro-mobility includes lightweight vehicles like electric scooters, e-bikes, and skateboards powered by batteries such as Li-ion, sealed lead-acid, and NiMH. As cities grapple with congestion and pollution, these vehicles provide sustainable transportation alternatives. The sector’s growth is fueled by rapid urbanization, smartphone penetration, and technological innovations like AI integration in e-scooters and autonomous micro-mobility vehicles.
Market Highlights
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North America leads in revenue contribution.
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Asia Pacific is expected to register the highest CAGR during the forecast period.
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Electric bicycles dominate the market by type.
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The electric scooter segment shows promising growth potential.
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Commercial applications hold the largest market share.
Key Players in the Micro-Mobility Market: Companies Overview
1. Yellow Scooters (US)
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About: A U.S.-based company specializing in micro-mobility solutions for urban areas.
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Products: Electric scooters and mobility equipment rentals.
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Market Cap: Privately held; estimated at USD 500 million in valuation.
2. Bird Rides Inc. (US)
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About: One of the pioneers of e-scooter sharing in the U.S., Bird operates in multiple cities globally.
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Products: Electric scooters, shared ride services, and micro-mobility platforms.
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Market Cap: Approx. USD 120 million (NASDAQ: BRDS).
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3. Lime Scooter (US)
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About: A major player in shared electric mobility, Lime operates across 30+ countries.
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Products: E-scooters, e-bikes, and shared transportation apps.
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Market Cap: Estimated at USD 2.4 billion (private valuation).
4. Micro Mobility Systems AG (Switzerland)
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About: A Swiss company known for its innovative micro-mobility products.
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Products: Electric scooters, e-bikes, and foldable kickboards.
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Market Cap: Approx. USD 250 million (private).
5. ofo Inc. (China)
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About: A Beijing-based dockless bike-sharing company with a global presence.
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Products: Dockless bicycles and micro-mobility solutions.
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Market Cap: Valuation once peaked at USD 2 billion before restructuring.
6. Mobike (China)
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About: Acquired by Meituan, Mobike revolutionized bike-sharing in China and abroad.
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Products: Smart bicycles and e-bikes.
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Market Cap: Integrated under Meituan’s USD 45 billion market cap.
7. Motivate (Lyft) (US)
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About: A Lyft subsidiary managing bike-share programs in major U.S. cities.
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Products: Docked bike-sharing systems and e-bike fleets.
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Market Cap: Part of Lyft’s USD 4.5 billion market cap (NASDAQ: LYFT).
8. Pride Mobility Products Corp. (US)
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About: A leader in personal mobility devices for seniors and disabled individuals.
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Products: Electric scooters and powered wheelchairs.
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Market Cap: Estimated revenue of USD 400 million annually.
9. EV RIDER LLC (US)
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About: Specializes in compact and foldable electric scooters.
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Products: Mobility scooters and travel-friendly electric vehicles.
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Market Cap: Privately held; revenue estimated at USD 50 million.
10. Golden Technologies (US)
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About: A manufacturer of mobility aids and home medical equipment.
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Products: Electric scooters, power chairs, and lift chairs.
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Market Cap: Privately held; estimated revenue over USD 100 million.
11. Ninebot Limited (China)
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About: Parent company of Segway, Ninebot is a global leader in micro-mobility innovation.
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Products: E-scooters, e-bikes, self-balancing vehicles.
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Market Cap: Approx. USD 1.5 billion.
12. Lime Electric Bikes and Scooters (US)
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About: A prominent provider of shared electric bikes and scooters.
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Products: Dockless electric bikes and scooters for urban transport.
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Market Cap: Included in Lime’s total private valuation of USD 2.4 billion.
13. Scoot Networks (US)
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About: Acquired by Bird, Scoot Networks provides shared e-scooter services.
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Products: Electric scooters and mopeds.
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Market Cap: Part of Bird’s overall valuation.
14. Uber Technologies Inc. (US)
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About: Known for ride-hailing, Uber also operates in micro-mobility with e-bikes and scooters.
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Products: Jump bikes, e-scooters, and micro-mobility solutions within the Uber app.
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Market Cap: Approx. USD 125 billion (NYSE: UBER).
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Future Opportunities in Micro-Mobility
Technological innovations such as AI-driven e-scooters, autonomous micro-mobility vehicles, and smart city integration are expected to create significant opportunities for these companies. Partnerships with urban governments and expansion into emerging economies will further fuel the market.
FAQs about the Micro-Mobility Market
Q1: What is the projected size of the micro-mobility market by 2034?
A1: The market is expected to reach USD 242.41 billion by 2034.
Q2: Which region will grow the fastest in this market?
A2: Asia Pacific is projected to register the highest CAGR during the forecast period.
Q3: What types of vehicles are included in micro-mobility?
A3: Electric scooters, e-bikes, e-skateboards, and similar lightweight electric vehicles.
Q4: Who are the major players in the micro-mobility market?
A4: Companies like Bird Rides Inc., Lime Scooter, Ninebot, Uber Technologies, and Micro Mobility Systems AG are leading.
Q5: What factors are driving growth in the micro-mobility market?
A5: Key drivers include government emission-reduction initiatives, growth of EV startups, and increased demand for last-mile connectivity.
Source : https://www.towardsautomotive.com/insights/micro-mobility-market-sizing