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Micro-mobility Charging Infrastructure Market size was valued at USD 5 billion in 2023 and is estimated to register a CAGR of over 24% between 2024 and 2032, owing to the technological advancements, government initiatives, and strategic partnerships. Innovations in charging technologies enhance efficiency and accessibility, while supportive government policies stimulate market growth. Collaborations between industry players and governments further amplify the development and deployment of charging solutions, creating a dynamic ecosystem. These combined efforts contribute to the expansion of the micro-mobility charging infrastructure industry, meeting the rising demand for sustainable urban transportation solutions.
For instance, in 2023, Tork Motors and Log9 joined forces through the Bharat Charge Alliance (BCA) initiative, aiming to advance interoperable charging infrastructure in India. Log9, a member of BCA, incorporated Type 6-Bharat LEV rapid charging into its latest 2W/3W battery platforms, elevating electric mobility solutions in the nation. This underscores their commitment to supporting innovative solutions in the charging industry.
Report Attribute | Details |
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Base Year: | 2023 |
Micro-mobility Charging Infrastructure Market Size in 2023: | USD 5 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 23% |
2032 Value Projection: | USD 31.9 Billion |
Historical Data for: | 2018 - 2023 |
No. of Pages: | 240 |
Tables, Charts & Figures: | 336 |
Segments covered: | Vehicle Type, Charger Type, Source and End Use |
Growth Drivers: |
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Pitfalls & Challenges: |
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The micro-mobility charging infrastructure market is experiencing robust growth driven by strategic investments in charging infrastructure and the parallel development of smart city initiatives. As cities prioritize sustainable transportation, substantial investments in charging networks for electric micro-mobility solutions have become pivotal. Coupled with the ongoing evolution of smart city infrastructure, this synergy created an environment conducive to the seamless integration of efficient and eco-friendly charging solutions, propelling the overall growth and accessibility of micro-mobility charging infrastructure.
For instance, in 2023, in collaboration with Swedish automaker Volvo, Starbucks inaugurated electric vehicle charging stations at 15 sites spanning the thousand-mile route from Denver to Seattle. This strategic partnership enhances sustainability options for customers and contributes to the market’s upward trajectory.
Despite the promising growth of the micro-mobility charging infrastructure industry, it encounters barriers in the form of high initial setup costs and insufficient regulatory frameworks. Overcoming these challenges presents an opportunity for stakeholders to collaboratively invest in innovative financing models and advocate for clear regulatory guidelines. By addressing these barriers proactively, the industry can unlock the potential for widespread adoption of micro-mobility charging solutions, fostering a sustainable and accessible urban mobility landscape.
The COVID-19 pandemic significantly impacted the micro-mobility charging infrastructure market, as lockdowns and travel restrictions led to a temporary decline in micro-mobility services. With reduced commuter demand, investment in charging infrastructure slowed. However, as cities embraced post-pandemic recovery, the need for sustainable transportation solutions increased. Governments and businesses redirected their focus, stimulating a market resurgence. The evolving landscape emphasizes the importance of resilient and adaptable charging infrastructure to support the revival of micro-mobility in a changed world.
Collaboration between mobility service providers and charging infrastructure developers is a crucial trend driving the micro-mobility charging infrastructure industry. As urban mobility becomes increasingly electric, these partnerships create comprehensive ecosystems, seamlessly integrating charging solutions with micro-mobility services. The synergy ensures convenient access for users while facilitating the expansion of charging networks. This trend reflects a proactive approach towards building sustainable urban transportation systems, combining the strengths of service providers and infrastructure developers to meet the growing demand for efficient and accessible micro-mobility charging solutions.
For instance, in 2021, DUCKT, an urban micromobility infrastructure provider, collaborated with Segway-Ninebot, a renowned e-scooter and electric vehicle manufacturer. This partnership enabled customers to purchase Segway shared Max vehicles equipped with DUCKT adapters, enhancing the integration and accessibility of urban micromobility solutions.
Based on source, the market battery powered segment held over 55% of the market share in 2023, due to the versatility and widespread use of battery-powered systems in electric vehicles. As the demand for sustainable transportation solutions rises, the need for efficient charging infrastructure for battery-powered micro-mobility vehicles has become paramount. This prominence underscored the pivotal role of battery technology in shaping the charging infrastructure market for micro-mobility, paving the way for an eco-friendly urban mobility landscape.
Based on vehicle type, the e-scooters segment recorded around 62% of the micro-mobility charging infrastructure market share in 2023. The surge in urban commuting preferences, coupled with the convenience and eco-friendliness of electric scooters, has fueled their widespread adoption. As cities worldwide embrace micro-mobility solutions, the demand for efficient charging infrastructure for e-scooters has risen significantly, making this vehicle type a key driver in shaping the market landscape and contributing to its overall growth and prominence.
Asia Pacific micro-mobility charging infrastructure market accounted for 45% of the revenue share in 2023, led by substantial investments in charging networks and rapid technological advancements. As the region embraces the transition towards sustainable transportation, governments and businesses are allocating significant resources to bolster charging infrastructure for electric scooters and bikes. This strategic focus on both investment and technology positioned Asia Pacific at the forefront of the evolving micro-mobility landscape, shaping a more sustainable and technologically advanced future for urban transportation.
Robert Bosch and Siemens AG hold a significant market share in the micro-mobility charging infrastructure industry. The major companies operating in the market bolstered their market presence through strategic partnerships, innovative product development, and broadening service offerings. By aligning with the changing electric vehicle landscape and providing holistic solutions, these companies meet the rising demand for effective and sustainable charging management.
Major companies operating in the micro-mobility charging infrastructure industry are:
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Market, By Vehicle Type
Market, By Charger Type
Market, By Source
Market, By End Use
The above information has been provided for the following regions and countries: