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 and are becoming increasingly popular since the pandemic. Another reason for their popularity is the rising burden on 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. In some cases, their purchase or use is incentivised by local authorities.
Investment in improved cycling infrastructure and facilities, in addition to favourable government regulations such as the expansion of bicycle lanes, addition of bike specific signals at intersection lanes, and creation of bike tunnels, is 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.
Under the heading, “Market Development” the topics that have been discussed in the report are as follows:
Discusses how technological innovations have revolutionised micromobility, with a particular focus on onboard connectivity and subsequent features like integrated navigation and many more.
Describes the factors 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. This part of the report briefly talks about how the opportunity for commercial micromobility vehicles has improved over the years.
This part describes the current market barriers in this market (such as lack of infrastructure among many others) and how to overcome them.
This part of the report focuses on how the electrification of vehicles has both benefitted and challenged the micromobility market. It also discusses in detail the new form factors, which is opening up new markets (from companies like CityQ). This part ends with some relevant case studies in this application (such as New Zealand-based UBCO bikes collaborating with Spark).
A part of the report lists some of the key vendors related to the micromobility vehicles market (such as Trek Bicycle Corporation). The report describes each of these vendors in detail, the geographical locations where they operate, their major offerings, their patented technology and specifications (in some vendors), revenues earned, and the price range of their major products.
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 micromobility vehicle devices and the CAGR. It also discusses how geographical locations such as Greater China, North America, Europe, Japan, India & South Asia, and Sub-Saharan Africa will perform through the analysed timeframe.
This part talks about the dominant communication technology which will be used (such as Short Range and Cellular Technology including 4G, 5G mMTC, and 5G non-nMTC).
This part of the report discusses the market growth in terms of revenues (module revenue, service wrap revenue, and VAC revenue).
