Micro mobility market will obtain a value of USD 210 billion and a CAGR of 13%
Market overview The micro mobility market will obtain a value of USD 210 billion and a CAGR of 13% between 2020-2030. Micro-mobility vehicles are used for short-distance transport. Bicycles, skateboards, electric automobiles, and other micro-mobility vehicles are examples. Micro-mobility vehicles offer a wide range of applications, especially in business. The global demand for micro-mobility cars is constantly increasing. Global improvements in smart cities and automotive infrastructure provide various opportunities for the global micro mobility market . Factors such as increased demand for transportation services, government efforts for smart cities, expanding startup capital, and strategic investments all contribute to the growth of the global micro mobility market . However, the market's expansion is hampered by low internet penetration in developing and emerging economies and increased bike vandalism and theft. Furthermore, modern and sophistica...