Micro-mobility Charging Infrastructure Global Market Report 2024

The global micro-mobility charging infrastructure market has grown exponentially in recent years. It will grow from $5.66 billion in 2023 to $7.06 billion in 2024 at a compound annual growth rate (CAGR) of 24.9%. The expansion witnessed in the past can be credited to factors such as the viability of businesses and competitiveness in the market, improvements in user experience, increased consumer adoption and demand, the rise of micro-mobility services, urbanization, and the development of last-mile solutions.

The global micro-mobility charging infrastructure market is expected to see exponential growth in the next few years. It will grow to $16.36 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%. During the projected period, the upsurge can be linked to the competitiveness of the market and its demand, smart city programs, user convenience, environmental considerations, and integration with public transportation networks. Key trends expected in this period encompass financial sustainability and return on investment, urbanization strategies to alleviate congestion, eco-friendly solutions, and partnerships with urban planners.

The surge in e-scooter and e-bike adoption is poised to drive the market for micro-mobility charging infrastructure. These electric-powered variants of traditional bikes are gaining traction, offering less strenuous cycling experiences or completely replacing pedal power. With social distancing remaining a crucial defense against COVID-19, personal e-mobility has seen a sudden spike in demand. Additionally, the global push towards achieving net-zero emissions due to climate change is fueling the production and demand for emission-free transportation like e-vehicles. Notably, companies like Niu Technologies in October 2021 reported a significant 58.3% year-over-year growth in e-scooter sales, indicating a rising trend. This uptick in e-vehicle adoption is expected to boost the need for micro-mobility charging infrastructure.

The escalating concerns about climate change are anticipated to further propel the growth of the micro-mobility charging infrastructure market. As climate change continues to alter long-term weather patterns globally, there's an increasing urgency to adopt sustainable modes of transportation. Electric vehicles are being seen as eco-friendly solutions, with organizations like the World Health Organization predicting that by 2023, around 3.6 billion individuals will reside in highly vulnerable regions. The projections for climate change-induced impacts, such as increased deaths due to factors like undernutrition, malaria, and heat stress, from 2030 to 2050, are alarming. Consequently, this heightened awareness about climate change is a significant driver for the micro-mobility charging infrastructure market.

Technological advancements stand as a prominent trend shaping the landscape of micro-mobility charging infrastructure. Key industry players are concentrating on innovating their product offerings using technological progress to enhance user experiences. For example, in August 2022, Dat Bike launched Dat Charge, an ultra-fast charging station significantly reducing EV charging time. This technological leap, charging 100km in just 20 minutes compared to the typical 60 minutes or more, showcases the industry's commitment to advancing charging infrastructure.

Major players in the micro-mobility charging infrastructure market are actively developing innovative products leveraging AI-enabled platforms. These platforms, integrating artificial intelligence capabilities, aim to expand customer reach, drive sales, and boost revenue. For instance, Cardio Diagnostics Holdings Inc. unveiled Mobilyze Pro in August 2023, equipped with features like utilization prediction, tariff recommendation, and profitability calculators. By harnessing AI's power to analyze extensive datasets, this platform assists in pinpointing optimal locations for high-speed EV charging stations. Empowering site hosts with precise utilization and profitability forecasts, such tools streamline decision-making, instilling confidence in the deployment of charging infrastructure and expediting accessibility for EV drivers.

In February 2022, Acton, a US company specializing in end-to-end Micro-Mobility-as-a-Service (MaaS) and Infrastructure as a Service, completed the acquisition of DUCKT for an undisclosed sum. This strategic move allows Acton to offer a comprehensive turnkey solution, empowering cities, businesses, and operators globally to implement large-scale micro-mobility solutions. DUCKT, based in Europe, specializes in offering docking and charging infrastructure solutions for electric micro-mobility vehicles.

Major companies operating in the micro-mobility charging infrastructure market report are Ather Energy Private Limited, Bike-energy GmbH, Bikeep Inc., Flower Turbines Inc., Giulio Barbieri SRL, Ground Control Systems Inc., Magment GmbH, Perch Mobility Inc., Robert Bosch GmbH, Solum PV S.L., Swiftmile Inc., The Mobility House GmbH, GetCharged Inc., Charge-e Inc., Greenspot EV Charging, Tritium Pty Ltd., Webasto SE, ABL Group B.V., Alfen N.V., Ampcontrol Pty Ltd., Blink Charging Co., ChargeLab Ltd., CIRCONTROL S.A., Delta-Q Technologies Corporation, Ekoenergetyka-Polska Sp. z o.o., EVoCharge B.V., FLO Services Inc., GreenFlux B.V., innogy SE, KEBA AG, Leviton Manufacturing Company Inc.

Asia-Pacific was the largest region in the micro-mobility charging infrastructure market share in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the micro-mobility charging infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the micro-mobility charging infrastructure market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary classifications of micro-mobility charging infrastructure include wired and wireless systems. Wired infrastructure involves cables designed for manual connection between a charging station and a vehicle, allowing micro-mobility automobiles to replenish energy from a power source. These systems cater to vehicles like e-scooters, e-bikes, e-unicycles, and e-skateboards, often relying on solar or battery-powered sources. Such infrastructure serves both residential and commercial purposes.

This report provides micro-mobility charging infrastructure market statistics, including micro-mobility charging infrastructure industry global market size, regional shares, competitors with a micro-mobility charging infrastructure market share, detailed micro-mobility charging infrastructure market segments, market trends and opportunities, and any further data you may need to thrive in the micro-mobility charging infrastructure industry. This micro-mobility charging infrastructure market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The micro-mobility charging infrastructure market consists of revenues earned by entities by providing services such as charging solution, vehicle maintenance, intelligent transport systems (ITS). The market value includes the value of related goods sold by the service provider or included within the service offering. The micro-mobility charging infrastructure market also includes sales of power source, three-phase electric power, charging points, equipment which are used in providing micro-mobility charging infrastructure services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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