The global market for micromobility sharing services is expected to grow by 14.4% between 2020 and 2030, according to a study released by Guidehouse Insights.
The market is expected to expand its revenue from $8.0 billion in 2020 to $30.8 billion by 2030.
The market is expected to experience considerable growth over the coming decade as consumers and governments continue to prioritise the adoption of affordable, low carbon, and congestion-reducing technologies.
E-kick scooters and seated e-scooters are expected to represent the largest growth opportunities in shared micromobility services over the next 10 years.
The next phase of development for the industry is deploying at scale and achieving profitability, according to the study.
Technology advances in data sharing, automation, wireless charging, and battery swapping offer the potential for increased shared micromobility deployments, significant reductions in operating costs, and improved customer experience.
Ryan Citron, a senior research analyst with Guidehouse Insights, said: “There are significant business opportunities for manufacturers, software providers, and service operators in shared micromobility, but they are varied by geography and technology.
“The proliferation of shared e-kick scooters and seated e-scooters in North America, Europe, and pockets of Asia Pacific and Latin America are expected to represent most of the growth opportunities in shared micromobility services over the next 10 years.”
Learn more about the report.