Global micromobility market is thriving with bike sharing, which will dominate until 2025


More information about this analysis, Micro-Mobility Sharing Underpinning City Mobility Networks, please visit: http://frost.ly/5×7

“One of the major disruptive trends in the growth of micromobility services can be traced back to technological advances,” said Chanchal Jetha, Mobility Research Analyst at Frost & Sullivan. “Technology providers will offer a variety of solutions for fleet operation and management, including infrastructure solutions such as intelligent docking stations and solar-powered charging stations, as well as hardware solutions including intelligent locks and sensors. Advanced technologies such as artificial intelligence (AI), intelligent fleet management systems and navigation systems will drive growth for the micromobility market. ”

Jetha added, “At the macro level, a trend that is already underway is the integration of micromobility with Mobility-as-a-Service (MaaS) platforms. This convergence will enable first and last mile connectivity for better journeys, as well as more effectively managing and serving evolving demand and supply needs. “

In order to tap the lucrative growth prospects due to the increasing demand for micromobility, market participants should concentrate on the following:

  • sustainability: With increased support from governments and city authorities to promote sustainable mobility, OEMs and other related manufacturing industries should consider developing vehicles that transport people seamlessly and with a focus on sustainability.
  • Discover the diversification of the business model: The COVID-19 pandemic has highlighted the importance of service diversification for micro-mobility providers. Operators should move to models that offer all types of micromobility options under one app and thus meet the multimodal needs of customers.
  • Use technology innovation: In addition to solving key challenges such as vandalism and vehicle range, the participants can explore new areas with great potential, such as self-cleaning handlebars, children’s bikes and cargo bikes.
  • Develop industrial partnerships: Public-private partnerships between technology companies, manufacturers and authorities will lead to the joint development of strategies for the development and deployment of autonomous mobility services.

Micro-mobility sharing as the basis for urban mobility networks is the newest addition to Frost & Sullivans mobility Research and analysis, available through the Frost & Sullivan Leadership Council, helps the company identify continuous growth opportunities to thrive in an unpredictable future.

About Frost & Sullivan

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Micro-mobility sharing as the basis for urban mobility networks

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