Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The micro-mobility charging infrastructure can refer to docking stations, ramps, etc. These charging infrastructure can be deployed in residential sites or commercial sites. Moreover, several micro-mobility vehicles such as electric bike and electric scooters (depending on the model) can be charged at the same time at the micro-mobility charging station.
Growing population is indirectly leading to the depletion of ozone layer which then leads to increased greenhouse effect, this has compelled several countries to take measures to minimize the greenhouse effect by adopting vehicles using alternative sources of energy such as e-scooters, e-bicycles, etc. This has led the key players in the market to install charging points for micro-mobility vehicles. For instance, in March 2021, Duckt, a developer of universal micro-mobility infrastructure solution introduced 150 dock, lock, and charge points across the Paris Rive Gauche area. The main objective was to promote the use of electric vehicles by introducing charging stations.
In June 2021, the Miami Parking Authority (MPA) announced a partnership with Swiftmile to introduce a network of micro-mobility charging stations (Mobility Hubs) in an effort to increase access for integration sustainable, electric transportation. The hub is equipped with solar panels that charge e-scooters with clean, renewable energy.
Furthermore, increasing consumer demand for e-scooters and e-bikes across the U.S. and Europe is expected to boost the global micro-mobility charging infrastructure market growth. For instance, in December 2019, GetCharged, Inc. (“Charge”), a micro-mobility company dedicated to building the largest network of docking, charging and service stations for e-scooters and e-bikes installed 6,000 micro-mobility servicing infrastructure across U.S. and Europe.
However, low level of awareness about shared mobility across the emerging economies is one the major challenges for the global micro-mobility charging infrastructure market growth.
The global micro-mobility charging infrastructure market accounted for US$ 4.12 Bn in terms of value in 2021, and is expected to grow at a CAGR of 23.77% for the period 2021-2028.
Global Micro-mobility Charging Infrastructure Market - Impact of Coronavirus (Covid-19) Pandemic
The outbreak of COVID-19 is expected to negatively influence the global micro-mobility charging infrastructure market growth. Initially in the pandemic, few companies witnessed decreased sales of e-scooters and e-bikes as the global supply chain was disrupted by lockdown orders and bike stores were forced to close. This has impacted the profitability of the companies. Also, a lack of strong policy framework and public awareness is further anticipated to hamper the market growth over the forecast period.
Asia Pacific held dominant position in the global micro-mobility charging infrastructure market in 2020, accounting for 40.96% share in terms of value, followed by Europe and North America.
Micro-mobility Charging Infrastructure Market Report Coverage
||Market Size in 2020:
||US$ 3.89 Bn
|Historical Data for:
||2017 to 2019
||2021 to 2028
|Forecast Period 2021 to 2028 CAGR:
||2028 Value Projection:
||US$ 17.13 Bn
- North America: U.S. and Canada
- Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
- Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
- Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
- By Vehicle Type: Electric Scooters/ Motorcycles, E-bike, E-Skateboards, E-Unicycles
- By Type: Wired, Wireless
- By Source: Solar Powered, Battery Powered
- By End Use: Residential, Commercial
Ather Energy, bike-energy, Bikeep, Flower Turbines, Get Charged, Inc., Giulio Barbieri SRL, Ground Control Systems, Magment GmbH, Perch Mobility, Robert Bosch GmbH, Solum PV, SWIFTMILE, and the Mobility House GmbH
- Increasing awareness to reduce greenhouse gas emissions
- Increasing consumer demand for e-scooters and e-bikes
|Restraints & Challenges:
- Low level of awareness about shared mobility across the emerging economies
Figure 1: Global Micro-mobility Charging Infrastructure Market Share (%), By Region, 2020
Among regions, Asia Pacific held dominant position in the global micro-mobility charging infrastructure market in 2020, and is estimated to retain its dominance throughout the forecast period, owing to high demand for energy-efficient and emission-free electric two-wheelers, thus making charging infrastructure a necessity for increasing two wheeler vehicle sales in the region. For instance, in April 2021, Ola Electric, a subsidiary of Ola Mobility set up 100 thousand charging stations across 400 cities. The company’s charging stations will be deployed as stand-alone towers in popular locations including malls, IT parks, etc. Therefore, these factors are expected to boost the growth of the global micro-mobility charging infrastructure market.
Major players operating in the global micro-mobility charging infrastructure market include Ather Energy, Bike-energy, Bikeep, Flower Turbines, Get Charged, Inc., Giulio Barbieri SRL, Ground Control Systems, Magment GmbH, Perch Mobility, Robert Bosch GmbH, Solum PV, SWIFTMILE, and The Mobility House GmbH.
Among vehicle type segment, e-bike segment held the highest market share in the year 2020, and is expected to retain its market share over the forecast period. The increase in sales of e-bike is expected to boost the global micro-mobility charging infrastructure market. For instance, according to Coherent Market Insights analysis, in Europe, 2,088,000 e-bike units were sold in 2017 and 3,332,000 e-bike units were sold in 2019, showing a growth of 59.6%.
Figure 2: Global Micro-mobility Charging Infrastructure Market Value (US$ Bn), 2017 - 2028
The global Micro-mobility Charging Infrastructure market was valued at US$ 3.12 billion in 2019 and is expected to reach 17.89 billion by 2028, exhibiting a CAGR of 23.77% between 2021 and 2028.
Major companies operating in the global micro-mobility charging infrastructure market include Ather Energy, bike-energy, Bikeep, Flower Turbines, Get Charged, Inc., Giulio Barbieri SRL, Ground Control Systems, Magment GmbH, Perch Mobility, Robert Bosch GmbH, Solum PV, SWIFTMILE, and the Mobility House GmbH
- Key companies are involved in partnerships in order to gain a competitive edge in the market. For instance, in May 2021, Helbiz, a micro-mobility company, announced a partnership with Be Charge, which is an S.p.A. group company. The partnership aims for the deployment of charging infrastructures to enhance electric mobility in Italy. Furthermore, it will offer innovative scooter sharing services across Rimini, Italy accompanied by Be Charge's extensive charging network.