Micro-mobility Charging Infrastructure Market Size

Market Outlook:

Micro-mobility Charging Infrastructure Market surpassed USD 5.05 Billion in 2023 and is expected to exceed USD 32.78 Billion by end of the year 2032, observing around 23.1% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 5.05 Billion
• CAGR (2024-2032): 23.1%
• Forecast Year Value (2032): USD 32.78 Billion
• Historical Data Period: 2019-2023
• Largest Region: Asia Pacific
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

The increasing adoption of electric vehicles globally is a major growth driver for the micro-mobility charging infrastructure market. As governments and companies strive to reduce carbon emissions, the demand for electric scooters and bikes is on the rise, leading to a need for efficient charging solutions.

Moreover, a major contributor to the growth is the expanding urban population and the rise of last-mile transportation solutions. With more people living in cities and relying on shared micro-mobility services, the demand for charging infrastructure is set to surge to support the growing fleet of electric vehicles.

The emphasis on sustainable transportation and smart city initiatives is also driving the growth of the micro-mobility charging infrastructure market. As cities look for ways to reduce traffic congestion and pollution, the deployment of charging stations for electric scooters and bikes becomes a crucial component of their transportation infrastructure.

Industry

Report Scope

Report Coverage	Details
Segments Covered	Vehicle Type, Charger Type, Source And End Use
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Ather Energy, Beam Global, Bike-energy, Electrify America LLC, Flower Turbines, Charge Enterprises, Giulio Barbieri SRL, Gogoro, Ground Control Systems, Kuhmute, Magment, Meredot SIA, Numocity Technologies Pvt., PBSC Urban Solutions, Perch Mobility, Robert Bosch, Siemens AG, Solum PV, Swiftmile, The Mobility House, Tier

A primary constraint for the micro-mobility charging infrastructure market is the high cost of installation and maintenance of charging stations. As the market is still relatively nascent, the upfront investment required to build a robust charging network can be a significant barrier for companies looking to enter the market.

Another key restraint is the lack of standardization in charging protocols and infrastructure. With different manufacturers producing electric scooters and bikes with varying charging requirements, it can be challenging to develop a universal charging solution that caters to all vehicles. This lack of standardization hinders the scalability and interoperability of charging infrastructure in the micro-mobility market.