This report provides Transforma Insights’ view on the Micromobility Vehicles market. This segment comprises bicycles, e-bikes, scooters, and e-scooters. These small and lightweight vehicles have advanced significantly over the past few years and are being used in both private and commercial spheres. Connected examples of these vehicles can be equipped with smart motors, LCD displays, and Bluetooth connectivity. They have become increasingly popular due to the rising burden on urban public transport infrastructure that has resulted in increasingly cramped and uncomfortable travelling conditions, pushing users to seek alternatives. Micromobility vehicles have a distinct sustainability edge over larger private vehicles, in addition to significantly lower running costs and, in some cases, their purchase or use is incentivised by local authorities.
Investment in improved cycling infrastructure and facilities, and favourable government regulations (such as the expansion of bicycle lanes, the addition of bike-specific signals at intersection lanes, and creation of bike tunnels) are likely to further expand the market during
the forecast timeframe.
The report provides a detailed definition of the sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the current status of adoption and Transforma Insights’ ten-year forecasts for the market. The forecasts include analysis of the number of IoT connections by geography, the technologies used (including splits by 2G, 3G, 4G, 5G, LPWA, short range, satellite and others), as well as the revenue split between module, value-added connectivity and services. A full set of forecast data, including country-level forecasts, sector breakdowns and public/private network splits, is available through the IoT Forecast tool.
The report examines key factors that are influencing the development of the micromobility vehicles market, including:
This section of the report discusses how technological innovations in equipment and batteries have revolutionised micromobility, with a particular focus on onboard connectivity. It charts other important features of micromobility vehicles such as automatic emergency calls and anti-theft systems; and further explains its two variants: embedded and aftermarket.
This section of the report describes the factors (such as the increasing awareness about climate change) which have greatly contributed to the use of micromobility vehicles, and the response from various governments (like the UK and China) and state-backed agencies. For this purpose, in a tabular format, the report lists examples of some government initiatives supporting bicycle and e-bike adoption in Europe. For example, in Italy, riders can claim up to EUR750 (USD835) on purchasing e-scooters, e-bikes, or bicycles, public transport subscriptions, and shared or sustainable electric mobility services. This part of the report also briefly talks about how the opportunity for commercial micromobility vehicles has improved over the years and the reasons behind this.
This section discusses the chief market barriers for micromobility vehicles such as the requirement of significant investment, which otherwise, may lead to an increased number of fatal traffic accidents, thereby burdening emergency services and healthcare resources. It also discusses the requirement of digital solutions with advanced technologies such as reliable anti-braking systems to deal with such challenges.
This section of the report talks about how the electrification of vehicles has both benefitted and challenged the micromobility market. For instance, it reduces the requirement for physical exertion and expands the market to those with less physical ability. On the other hand, it also discusses the associated dangers like people sustaining injuries from the batteries of e-scooters and e-bikes when they are stored. This section also includes some relevant case studies in this application, such as Waldbike installing an anti-theft protection solution from IoT Venture in its bicycles.
The key vendors section lists some of the main providers of products and services related to the micromobility vehicles market such as Aventon Bikes, Giant Bicycles, Lavoie, Pedego
Electric Bikes, Trek Bicycle, and Yamaha Motor Corporation.
The report provides profiles of the various vendors including aspects most relevant to this Application Group, such as product offerings, pricing, financial results, and technology.
In the market forecasts section, we provide a summary of the micromobility vehicles forecasts from the Transforma Insights IoT Forecast Database:
The report charts the growth in the number of connected devices in the Micromobility Vehicles Application Group which will grow from 16.5 million in 2024 to 451.2 million in 2034.
Transforma Insights forecasts are compiled on a country-by-country basis. This report includes a regional summary, showing splits between Australasia, Greater China, North America, Europe, Japan, Latin America, MENA, Russia & Central Asia, South East Asia, South Korea, India & South Asia, and Sub-Saharan Africa.
Transforma Insights’ IoT forecasts include splits between the various connectivity technologies as follows: 2G, 3G, 4G, 5G mMTC, 5G non-mMTC, LPWA (non-mMTC), Satellite, Short Range, and Other.
This section discusses which technologies will be used in the Micromobility Vehicles Application Group.
This part of the report discusses the market growth in terms of revenue (module revenue, service wrap revenue, and VAC revenue). Transforma Insights estimates that the revenue in the Micromobility Vehicles Application Group will grow at a CAGR of 44%.
