Micro-mobility Charging Infrastructure Market

Global Micro-mobility Charging Infrastructure Market Research Report: By Vehicle Type (E-scooters, E-bikes, E-unicycles, E-skateboards), By Charger Type (Wired, Wireless), By Power Source (Solar Powered, Battery Powered), By End-Use (Commercial, Residential), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2024-2032.

Automobile & Transportation | January 2024 | Report ID: EMR00378 | Pages: 301

The global micro-mobility charging infrastructure market was valued at USD 5.10 billion in 2023 and is estimated to reach approximately USD 41.48 billion by 2032, at a CAGR of 26.2% from 2024 to 2032.

 

The market for micro-mobility charging infrastructure has grown quickly to become a crucial part of the transportation system. The proliferation of electric scooters, bikes, and other small-scale vehicles has resulted in an increased demand for effective, easily accessible, and widely available charging options. This market solves issues with battery life and usability and provides the framework for the growing fleet of environmentally friendly micro-mobility solutions. The key to this industry is creating a network of charging stations that are placed in strategic locations throughout residential neighborhoods, commercial zones, and urban centers. These charging stations come with a variety of charging technologies, such as wireless charging innovations, swappable batteries, and plug-in systems.

The implementation of intelligent, Internet of Things-enabled infrastructure augments consumer convenience by permitting instantaneous monitoring of accessible charging stations and streamlining payments. The growing popularity of micro-mobility choices among urban populations for short-distance commuting has made charging infrastructure that is both dependable and convenient increasingly necessary. In addition, the incorporation of sustainable objectives with the integration of renewable energy sources in these charging stations lowers the transportation modes' total carbon footprint. Because this market is still developing, partnerships between technology companies, city planners, and transportation corporations are expected to be necessary to create a strong, universal charging ecosystem that will support the growing micro-mobility industry.

 

 

MICRO-MOBILITY CHARGING INFRASTRUCTURE MARKET: REPORT SCOPE & SEGMENTATION

Report Attribute

Details

Estimated Market Value (2023)

5.10 Bn

Projected Market Value (2032)

41.48 Bn

Base Year

2023

Forecast Years

2024 - 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Vehicle Type, By Charger Type, By Power Source, By End-Use, & Region

Segments Covered

By Vehicle Type, By Charger Type, By Power Source, By End-Use, & Region

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and the Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Micro-mobility Charging Infrastructure Dynamics

The development of charging stations is continuously fueled by technological advancements, with an emphasis on quicker charging times, greater efficiency, and seamless integration with a variety of micro-mobility vehicles. Interoperability and compatibility standards are becoming essential for allowing various car types to easily use charging stations. This industry is mostly shaped by regulatory environments, wherein governments provide incentives for the construction of infrastructure for charging to support environmentally friendly transportation. Market dynamics are further influenced by policies that encourage the placement of charging stations in public areas and provide incentives for private investment. Adoption and consumer behavior patterns have a big impact on market developments.

The proliferation of charging networks in residential areas, workplaces, and high-traffic locations is driven by user desires for readily available, reasonably priced, and easily accessible charging solutions. Additionally, the need for environmentally friendly products and the dependability of charging stations influence consumer decisions. Stakeholder collaboration, encompassing governments, technology suppliers, urban planners, and micro-mobility service operators, cultivates an atmosphere conducive to innovation and growth in this particular sector. The dynamic interaction of emerging technologies, laws, and customer needs continues to influence how the micro-mobility charging infrastructure develops.

 

Global Micro-mobility Charging Infrastructure Drivers

  • Rapid Expansion of Micro-Mobility Solutions

The emergence of electric scooters, bikes, and other small vehicles is a key component of the global trend in cities toward more environmentally friendly modes of transportation. For short-distance commuting and urban travel, these micro-mobility options provide practical, affordable, and eco-friendly substitutes. There is an increase in demand for easily accessible and dependable charging stations due to their growing popularity among commuters, especially in densely populated areas. This driver is primarily caused by changing consumer tastes and an understanding of the contribution of micro-mobility to solving urban transportation issues.

The market for electric micro-vehicles is growing rapidly as people look for economical, flexible, and efficient ways to travel. As a result, there is an urgent need for a strong network of charging infrastructure due to this increase in popularity. The quick rise in popularity of micro-mobility solutions not only denotes a change in the modes of transportation but also emphasizes how important charging infrastructure is to maintaining and advancing this revolutionary move toward environmentally friendly urban mobility.

  • Urbanization and Changing Consumer Preferences

Sustainable and effective transportation solutions are becoming more and more important as metropolitan areas experience increased populations and traffic. At the same time, customer tastes are changing, moving toward convenient, flexible, and environmentally friendly options. The need for easy, economical, and green city transportation options is a major driving force behind this change. Because urbanization concentrates population, there is a growing need for environmentally friendly, effective mobility solutions that can maneuver through crowded locations. These demands are excellently met by electric bikes, scooters, and other small cars, which provide a last-mile transportation option. This shift in customer preferences highlights the desire for convenient, on-demand transportation solutions. People look for forms of transportation that fit in well with their urban lifestyles, cut down on carbon emissions, and avoid traffic jams. This driver highlights the need for a widely available and accessible charging infrastructure, as it emerged from the confluence of urbanization and shifting consumer behavior. The statement emphasizes the necessity of placing charging solutions in key locations within residential and commercial zones of urban centers to meet the demands of urban dwellers who are adopting micro-mobility for their daily commuting needs.

 

Restraints:

  • Infrastructure Deployment Challenges

These barriers include a variety of things, such as location restrictions, zoning laws, and expensive installation procedures. Urban locations are notoriously space-constrained, making the placement of charging stations extremely difficult. They sometimes have to contend with pre-existing infrastructure or run into zoning laws that restrict their placement. Furthermore, establishing charging infrastructure can be extremely expensive in terms of land acquisition, equipment, and grid connections, which hinders quick rollout.

The deployment timeframe becomes more difficult and takes longer when navigating many municipalities' permit requirements and bureaucratic processes. To make matters worse, adding charging stations to already-existing metropolitan settings makes deployment even more difficult. One significant challenge is juggling the requirement for universal charging accessibility with adherence to city planning restrictions. Complicating issues is the lack of uniformity in local laws and norms pertaining to charging infrastructure, necessitating flexible solutions that meet a range of needs. These deployment-related issues affect the scalability and accessibility of charging networks by impeding their uniform and quick expansion.

  • Interoperability and Standardization Issues

Compatibility issues arise because there are inconsistent standards for charging connectors, protocols, and communication interfaces, which lead to a fragmented market where various micro-mobility cars could need different charging methods. The user experience is complicated by this lack of standardization, making it difficult for people to find and use suitable charging stations with ease. Interoperability issues are further compounded by the variety of proprietary systems and charging technologies used by various vendors. This discrepancy limits accessibility and convenience by impeding the capacity of charging stations to uniformly meet the diverse needs of electric bikes, scooters, and other micro-mobility vehicles.

The lack of established standards not only impacts users but also creates difficulties for manufacturers and infrastructure providers, making the process of creating and managing charging networks more complicated and expensive. It will take coordinated industry efforts to establish common protocols, connectors, and communication standards to resolve these interoperability and standardization issues.

 

Opportunities:

  • Urban Expansion and Smart City Initiatives

Sustainable transportation options are becoming more and more important as cities grow and change in order to ease traffic and lessen their negative effects on the environment. Micromobility solutions, such as electric bikes and scooters, are a great fit for these goals because they provide easy and environmentally responsible mobility in urban areas. The integration of technology and data-driven solutions, which define smart city efforts, offer a perfect platform for coordinating micro-mobility charging infrastructure with urban growth.

Encouraging the implementation of charging stations in strategic areas, these programs prioritize efficient mobility networks and use data analytics to optimize placement based on traffic flows and demand patterns. Working with smart city initiatives makes it possible to seamlessly incorporate charging infrastructure into cityscapes, offering a complete last-mile connectivity solution. Additionally, by fostering collaborations between public agencies, commercial businesses, and technological innovators, these efforts support the development of innovative ideas and funding for sustainable transportation infrastructure.

  • Data-driven Solutions and IoT Integration

It is possible to enhance charging infrastructure for effectiveness, user ease, and accessibility by utilizing data analytics and IoT. Charging stations with embedded IoT sensors allow for real-time monitoring of performance indicators, availability, and consumption trends. These sensors' data analytics offer priceless insights into user behavior, enabling demand forecasting, predictive maintenance, and the best possible charging station placement. This abundance of data makes it easier to make well-informed decisions about the development and enhancement of infrastructure, guaranteeing that resources are used wisely. IoT integration also makes for better user experiences. It makes possible functions like spot reservation, seamless payment processing, and mobile app discovery for charging stations nearby. The integration of IoT and data-driven insights not only improves the overall usability of the charging infrastructure but also streamlines operations, which in turn builds user trust and acceptance. Accepting these data-driven and Internet of Things-enabled solutions presents a chance to build an advanced charging environment that maximizes resources, stimulates creativity, and adjusts to customer demands.

 

Segment Overview

By Vehicle Type

Based on vehicle type, the global micro-mobility charging infrastructure market is divided into E-scooters, E-bikes, E-unicycles, and E-skateboards. The E-scooters category dominates the market with the largest revenue share in 2023.  These little electric scooters are intended for short trips across cities. Usually, they feature an electric motor, handlebars, and a standing deck. Because they are convenient and simple to operate, e-scooters are a well-liked form of transportation for quick trips. E-scooter charging infrastructure consists of docks or stations where users may charge their scooters and plugs that work with them.

E-bikes, or electric bicycles, are bicycles with an electric motor installed to help with pedaling. They offer a more environmentally responsible option for cycling for leisure and commuting. E-bike charging infrastructure consists of stations that can either swap out batteries to power the electric motors of the bikes or have compatible charging ports. E-unicycles are single-wheeled electric vehicles that are propelled by an electric motor and are ridden similarly to conventional unicycles. Although they provide small and maneuverable mobility options, they need docks or charging stations to replenish their batteries. Electric skateboards are modified versions of conventional skateboards that have an electric motor built right into the frame for easy, short-distance mobility. Stations with docks or charging connectors for E-skateboard batteries are part of the infrastructure for charging them.

 

By Charger Type

Based on the charger type, the global micro-mobility charging infrastructure market is categorized into wired and wireless. The wired category leads the global micro-mobility charging infrastructure market with the largest revenue share in 2023. Physical connections between the electric vehicle and the charging infrastructure are necessary for wired charging. It commonly utilizes plugs, sockets, or docking stations to establish a direct electrical connection between the charging point and the vehicle's battery. This approach commonly involves charging wires that customers attach to their electric scooters, bikes, or other micro-mobility devices to recharge.

The majority of charging stations are wired, meaning that to recharge the battery, the user must physically connect the car to the outlet. By transferring power from the charging infrastructure to the electric vehicle's battery via induction or other wireless methods, wireless charging does away with the necessity for physical connections. By using electromagnetic fields, this technique enables customers to easily park their electric cars over defined charging zones or pads. Convenience comes from wireless charging since it streamlines the charging process and eliminates the need for consumers to handle cords or plugs. Nevertheless, it needs charging pads built into the infrastructure and compatible technology put in the cars.

 

By Power Source

Based on the power source, the global micro-mobility charging infrastructure market is segmented into solar-powered, and battery-powered. The battery-powered segment dominates the micro-mobility charging infrastructure market. Infrastructure for battery-powered charging depends on either stored energy in on-site batteries or grid electricity to run the charging stations. These stations offer a steady and dependable power source for micro-mobility car charging because they are either integrated into the electrical grid or have batteries to store energy. 

Solar-powered charging infrastructure uses photovoltaic panels mounted on or next to charging stations to capture solar energy. The electricity produced by these solar panels is utilized to recharge the batteries of electric bikes, scooters, and other micro-mobility vehicles. By lowering reliance on grid electricity and minimizing carbon footprints, solar-powered solutions connect with environmental goals by providing sustainable and renewable energy sources.

 

By End-Use

Based on end-use, the global micro-mobility charging infrastructure market is divided into commercial, and residential. The residential category dominates the market with the largest revenue share in 2023. Residential charging infrastructure refers to the charging stations that are set up in residential settings, such as private residences, apartment buildings, and housing communities. These charging stations are mainly used by locals who own electric micro-mobility vehicles and are frequently found in private or public areas like driveways, garages, or residential parking lots.

The goal of residential charging infrastructure is to give people who use electric bikes, scooters, or other micro-mobility modes for everyday commuting or personal transportation within their neighborhoods easy and accessible ways to charge their devices. The term "commercial charging infrastructure" describes the thoughtful placement of charging stations in commercial zones, business districts, and public spaces. Typically, these stations are set up in busy areas like parking lots, shopping malls, office buildings, and entertainment venues.

 

Global Micro-mobility Charging Infrastructure Overview by Region

The global micro-mobility charging infrastructure market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific emerged as the leading region, capturing the largest market share in 2023. For several reasons, the Asia-Pacific area has become the leader in the micro-mobility charging infrastructure market. The adoption of electric micro-mobility solutions has been driven by growing environmental concerns, rapid urbanization, and population growth. Governments in the area have made eco-friendly transportation a top priority and are providing incentives for the construction of infrastructure for charging. Moreover, the introduction of state-of-the-art charging solutions has been accelerated by innovation hubs and technical breakthroughs in nations like South Korea, Japan, and China.

 

 

The market for micro-mobility charging infrastructure is expected to grow at the fastest compound annual growth rate (CAGR) in North America throughout the forecast period. This prediction is explained by several variables, such as a growing propensity toward electric micro-mobility solutions, government programs supporting sustainable transportation, and increased environmental consciousness. This increase is being driven by the region's infrastructure readiness and technological innovation, as well as growing investments in renewable energy and charging infrastructure.

 

Global Micro-mobility Charging Infrastructure Competitive Landscape

In the global micro-mobility charging infrastructure market, a few major players exert significant market dominance and have established a strong regional presence. These leading companies remain committed to continuous research and development endeavors and actively engage in strategic growth initiatives, including product development, launches, joint ventures, and partnerships. By pursuing these strategies, these companies aim to strengthen their market position, expand their customer base, and capture a substantial share of the market.

Some of the prominent players 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
  • Perch Mobility
  • Robert Bosch GmbH
  • Solum; SWIFTMILE
  • The Mobility House GmbH, and various others.

 

Global Micro-mobility Charging Infrastructure Recent Developments

  • In April 2022, The Estonian docking and charging infrastructure startup Duckt was recently acquired by Acton, a U.S. startup that offers electric micromobility vehicles and cloud-based software infrastructure to run shared fleets for cities and operators. Acton claims that this acquisition will help it expand its product offerings, particularly for cities.
  • In February 2022, Estonian micromobility infrastructure provider DUCKT acquired by ACTON Universal docking and charging infrastructure solutions for electric micromobility vehicles provider Duckt has been acquired by Silicon Valley-based Micromobility-as-a-Service ACTON for an undisclosed amount.
  • In January 2022, Swiftmile, a provider of charging services for light-duty vehicles, partnered with Soltsol AG. The partnership aims to serve clients looking for affordable ways to set up and maintain e-mobility charging stations on both public and private land. In addition, the collaboration wants to install 150 LEV charging stations around Germany.
  • In April 2021, HeroMotoCorp and Gogoro Inc. partnered to accelerate India's electric mobility shift. The partnership aimed to launch a battery-swapping venture to bring Gogoro's platform to the country and collaborate to develop Hero brand automobiles powered by Gogoro Network to the market.

 

Scope of the Global Micro-mobility Charging Infrastructure Report

Micro-mobility Charging Infrastructure Market Report Segmentation

ATTRIBUTE

DETAILS

By Vehicle Type

  • E-scooters
  • E-bikes
  • E-unicycles
  • E-skateboards

By Charger Type

  • Wired
  • Wireless

By Power Source

  • Solar Powered
  • Battery Powered

By End-Use

  • Commercial
  • Residential

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Micro-mobility Charging Infrastructure Market Size and Forecast: To identify and estimate the market size for the global micro-mobility charging infrastructure market segmented by vehicle type, by charger type, by power source, by end-use, region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of micro-mobility charging infrastructure between 2019 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for the global micro-mobility charging infrastructure market
  • Market Influencing Factors: To find out the factors which are affecting the sales of micro-mobility charging infrastructure among consumers
  • Impact of COVID-19: To identify and understand the various factors involved in the global micro-mobility charging infrastructure market affected by the pandemic
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Intended Audience

  • Government and Regulatory Bodies
  • Technology Providers and Manufacturers
  • Investors and Financial Institutions
  • Urban Planners and City Developers
  • Micro-Mobility Service Providers
  • Governments, Associations, and Industrial Bodies
  • Investors and Trade Experts

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

Based on Geography, the micro-mobility charging infrastructure market is classified into North America, Europe, Asia Pacific, and the Rest of the world.
According to micro-mobility charging infrastructure market research, the market is expected to grow at a CAGR of ~26.2% over the coming years.
North America is expected to register the highest CAGR during 2024 - 2032.
Asia-Pacific held the largest share in 2023.
The 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; Perch Mobility; Robert Bosch GmbH; Solum; SWIFTMILE; The Mobility House GmbH ,and various others.
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