Micro-mobility Charging Infrastructure Market Size Worth $16.64 Billion By 2028: Grand View Research, Inc.

Micro-mobility Charging Infrastructure Market Size Worth $16.64 Billion By 2028: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, July 15, 2021

SAN FRANCISCO, July 15, 2021 /PRNewswire/ -- The global micro-mobility charging infrastructure market size is expected to reach USD 16.64 billion by 2028, registering a CAGR of 23.4% from 2021 to 2028, according to a new report by Grand View Research, Inc. Increasing awareness about green transportation modes is expected to propel the adoption of Micro-mobility across the globe. This, as a result, is expected to create growth opportunities for the market over the forecast period.

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Nowadays, Micro-mobility is preferred over public transportation owing to the increasing awareness about hygiene. Moreover, as congestion in urban cities is increasing at a rapid pace, consumers are focusing on adopting shared e-bikes. Increasing consumer demand for Micro-mobility is further expected to drive market growth over the forecast period.

Key Insights & Findings:

Read 150 page market research report, "Micro-mobility Charging Infrastructure Market Size, Share & Trends Analysis Report By Vehicle Type (E-scooters, E-bikes), By Charger Type, By Power Source, By End Use, By Region, And Segment Forecasts, 2021 - 2028'', by Grand View Research

With cities across the globe are focusing on solving their transportation crisis amid increasing concerns about gas-powered emissions, Micro-mobility is emerging as an efficient alternative to public transit. The increasing adoption of e-scooters and e-bikes to lower the environmental footprint and improve the method of transportation is expected to propel market growth over the forecast period. Numerous startups across the globe have raised venture capital, thereby creating growth opportunities for the market.

The outbreak of the COVID-19 pandemic is expected to adversely impact the market. With the number of passengers, kilometers toured declining 50% to 60% across the globe since the beginning of the COVID-19 pandemic, the use of Micro-mobility charging infrastructure has declined dramatically. However, the market is expected to make a strong post-pandemic recovery owing to the rising awareness about social distancing and ease of access through Micro-mobility.

Grand View Research has segmented the global micro-mobility charging infrastructure market based on vehicle type, charger type, power source, end use, and region:

List of Key Players of Micro-mobility Charging Infrastructure Market

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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