by The micro-mobility charging infrastructure market has seen significant growth in recent years due to the growing adoption of electric scooters and bicycles for short-distance commuting. Micro-mobility charging infrastructures such as docking stations, columns, and ceiling mounts enable easy charging of battery-powered micro-mobility vehicles including e-scooters, e-bikes, and e-mopeds. This provides users with convenient access to charged vehicles for making trips within cities. With the rising environmental concerns and push for sustainable transportation options, many cities have also introduced e-scooter and bike rental services further boosting the demand for micro-mobility charging infrastructure.
The global Micro-mobility Charging Infrastructure Market is estimated to be valued at US$ 5160.99885 Mn in 2023 and is expected to exhibit a CAGR of 20% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
With the increasing deployment of rental electric vehicles, operators are focusing on installing smart charging ports that can facilitate fast and simultaneous charging of multiple devices. These next-generation charging stations are integrated with advanced technologies such as IoT, data analytics, and fleet management systems. This enables real-time vehicle monitoring, remote diagnostics, automated battery swapping, and analytical insights into fleet usage. Moreover, several startups are working on innovative mobile charging units such as charging backpacks and trailers that can provide on-demand charging facilities at places with higher demand. Such emerging charging technologies are expected to transform the micro-mobility landscape and support its widespread adoption.
Porter’s Analysis
Threat of new entrants: The micro-mobility charging infrastructure market requires high initial investments which acts as a barrier for new players. However, with improving technologies, entry barriers are expected to lower over the forecast period.
Bargaining power of buyers: Buyers have moderate bargaining power in the market. However, with growing demand for sustainable transportation solutions, buyers can negotiate on pricing and demand advanced charging solutions.
Bargaining power of suppliers: A few large players dominate the supply landscape. However, growing demand is attracting new suppliers which may lower suppliers bargaining power.
Threat of new substitutes: Alternate charging solutions like inductive and battery swapping are emerging as substitutes. However, widespread adoption of such solutions remains a challenge over the short term.
Competitive rivalry: The market comprises few global players and several regional players. Intense competition on pricing and technology is expected among players.
Key Takeaways
The Global Micro-Mobility Charging Infrastructure Market Size is expected to witness high growth over the forecast period. Asia Pacific region dominates the market currently owing to high demand from emerging economies like India and China. Countries in the region are actively investing in developing sustainable public transportation solutions which is driving the adoption of micro-mobility solutions and associated charging infrastructure.
Europe also holds a significant share in the global market. Countries like the UK, Germany, France, and Italy have well-established metro networks. However, increasing first and last mile connectivity challenges are prompting investments in micro-mobility solutions. Stringent emission regulations are further propelling the growth of electric micromobility options and charging infrastructure deployment across Europe.
Key players operating in the micro-mobility charging infrastructure market are Ather Energy, bike-energy, Bikeep, Flower Turbines, Get Charged, Inc., Giulio Barbieri SRL, Ground Control Systems, Magment GmbH, Perch Mobility, Robert Bosch GmbH, Solum PV, SWIFTMILE, and the Mobility House GmbH. Major players are focusing on developing advanced and interoperable charging solutions. Partnerships with OEMs and cities remain an important strategic focus for key companies to gain projects and expand footprint. Increased focus on battery swapping and wireless technologies is expected among players over the forecast period.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
