Global Micro-mobility Charging Infrastructure Market, by Vehicle Type (Electric Scooters, E-bikes, E-Skateboards, and E-Unicycles), by Type (Wired and Wireless), by Source (Solar Powered and Battery Powered), by End Use (Residential and Commercial) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2028, is expected to be valued at US$ 17.13 billion by 2028, exhibiting a CAGR of 23.77% during the forecast period (2021 - 2028), as highlighted in a report published by Coherent Market Insights.
Micro-mobility Charging Infrastructures are dedicated sites where one or more electric vehicle supply equipment (EVSE) are installed. The micro-mobility charging infrastructures are functional 24*7 with 21 AC/DC chargers to charge electric scooters, e-bikes, e-skateboards, etc.
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.
Increase in sales of e-bikes can fuel the global micro-mobility charging infrastructure market over the forecast period. For instance, according to the Society of Manufacturers of Electric Vehicles (SMEV), in India, 54,800 e-bike units were sold in 2018 and 126,000 e-bike units were sold in 2019 showing a growth of 123.93%.
Moreover, increasing fuel prices will define growth of the global micro-mobility charging infrastructure market over the forecast period. For instance, according to Coherent Market Insights, in the U.S., the average price of fuel in June 2020 was US$ 2.076, and in June 2021 was US$ 3.154, showcasing a growth of 51.9%. Therefore, the demand for micro-mobility charging infrastructure is estimated to increase during the forecast period (2021-2028).
However, low level of awareness about shared mobility across the emerging economies is one of the major challenges for the growth of global micro-mobility charging infrastructure market.
Impact of COVID-19:
The outbreak of COVID-19 is expected to negatively influence the global micro-mobility charging infrastructure market growth. The COVID-19 pandemic decimated demand for public transport as several businesses closed and number of people stayed home as compared to pre-pandemic times. This has impacted the profitability of the micro-mobility charging infrastructure companies.
Key Trends and Analysis of the Global Micro-mobility Charging Infrastructure Market:
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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