Micro-mobility Market registering a CAGR of 13.7%, from 2021 to 2028
Micro-mobility Industry Overview The global micro-mobility market size to be valued at USD 69.32 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 13.7% during the forecast period. Micro-mobility is an evolving field of transportation that includes travel undertaken using a range of light vehicles such as electric kick scooters, electric skateboards, and electric bicycles. Factors such as increasing road congestion, rising oil & gas prices, ease of parking, and saturation within the automotive sector are expected to drive market growth during the forecast period. Furthermore, factors such as the growing electric bicycles and electric kick scooter renting and sharing services across the globe are expected to create new opportunities for micro-mobility in the forthcoming years. In 2020, the market recorded a negative impact owing to the pandemic. The stringent measures and recent lockdown to contain the coronavirus have hinder...