Micro-mobility Charging Infrastructure Market Size, Share & Trends Analysis Report By Vehicle Type, By Charger Type, By Power Source, By End-use, By Region- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2024-2033

The global micro-mobility charging infrastructure market size was exhibited at USD 4.59 billion in 2023 and is projected to hit around USD 46.29 billion by 2033, growing at a CAGR of 26.00% during the forecast period of 2024 to 2033.

Key Takeaways:

• Asia Pacific dominated the market and accounted for the largest revenue share of 46.0% in 2023.
• The e-scooters segment accounted for the largest revenue share of 60.3% in 2023 and is expected to expand at the fastest CAGR of 26.4% over the forecast period.
• The wired segment accounted for the largest revenue share of around 53.2% in 2023.
• The battery-powered segment held the largest revenue share of 55.1% in 2023.
• The residential segment held the largest revenue share of 69.0% in 2023 and is expected to expand at the fastest CAGR over the forecast period.

Micro-mobility Charging Infrastructure Market: Overview 

The micro-mobility sector is witnessing a paradigm shift with the increasing adoption of electric scooters, bikes, and other compact vehicles. As this trend gains momentum, the demand for efficient and widespread charging infrastructure becomes paramount. This article delves into the micro-mobility charging infrastructure market, providing a comprehensive overview of its current landscape.

Micro-mobility Charging Infrastructure Market Growth

The growth of the micro-mobility charging infrastructure market is fueled by several key factors. Firstly, increased environmental consciousness and governmental initiatives promoting sustainable transportation options have driven the demand for electric micro-mobility solutions. Secondly, substantial investments by private companies in developing efficient charging stations and technologies contribute to market expansion. Thirdly, the growing awareness and acceptance of electric micro-mobility among consumers further propel the demand for charging infrastructure. As cities worldwide embrace eco-friendly transportation alternatives, the micro-mobility charging infrastructure market is poised for significant growth. However, challenges such as the need for standardization and regulatory hurdles must be addressed for sustained and widespread market development.

Micro-mobility Charging Infrastructure Market Report Scope

Micro-mobility Charging Infrastructure Market Dynamics

• Market Drivers:

The micro-mobility charging infrastructure market is driven by various factors that contribute to its dynamic growth. Government initiatives, aimed at fostering sustainable and environmentally friendly urban transportation, play a pivotal role. As cities grapple with congestion and pollution, authorities globally are incentivizing the adoption of electric micro-mobility solutions. Additionally, private sector investments in charging infrastructure contribute significantly to market expansion. Companies recognize the burgeoning demand for efficient charging stations and technologies, prompting increased funding in research and development.

• Challenges:

Despite the promising growth, the micro-mobility charging infrastructure market faces notable challenges. A primary concern lies in the lack of standardized charging infrastructure, hindering seamless integration across different micro-mobility platforms. Regulatory hurdles and zoning issues also pose substantial obstacles, as the establishment of charging stations requires compliance with diverse local regulations. Moreover, the need for significant upfront investments for infrastructure development remains a challenge for both public and private entities. 

Micro-mobility Charging Infrastructure Market Restraint 

• Limited Standardization:

One prominent restraint in the micro-mobility charging infrastructure market is the lack of standardized technologies and protocols. The absence of universally accepted standards for charging interfaces and station designs creates interoperability challenges. This lack of standardization can impede the seamless integration of different micro-mobility platforms, causing complications for both operators and users. As a result, the industry must address the pressing need for standardization to ensure compatibility and promote the widespread adoption of electric micro-mobility solutions.

• Regulatory Hurdles and Zoning Issues:

Regulatory complexities and zoning challenges present significant hurdles for the establishment of micro-mobility charging infrastructure. Local regulations governing the installation and operation of charging stations vary widely, leading to a fragmented landscape. Zoning restrictions, permitting processes, and land-use policies can slow down the deployment of charging stations, creating obstacles for businesses and municipalities alike. Overcoming these regulatory hurdles requires collaborative efforts between public authorities, private entities, and industry stakeholders to streamline processes and facilitate the efficient expansion of micro-mobility charging infrastructure.

Micro-mobility Charging Infrastructure Market Opportunity

• Urbanization and Last-Mile Connectivity:

An outstanding opportunity in the micro-mobility charging infrastructure market lies in addressing the challenges of urbanization and enhancing last-mile connectivity. As cities continue to grow, the need for efficient, sustainable transportation solutions becomes increasingly critical. Micro-mobility, supported by a robust charging infrastructure, offers a viable solution for short-distance travel. Meeting this demand presents an opportunity for businesses and governments to invest in and expand micro-mobility charging networks, creating a more accessible and interconnected urban transportation ecosystem.

• Integration of Advanced Technologies:

The integration of advanced technologies within micro-mobility charging infrastructure represents a significant opportunity for market growth. Innovations such as smart charging stations, real-time monitoring, and wireless charging solutions enhance user experience and system efficiency. Leveraging these technologies not only attracts a tech-savvy user base but also contributes to the overall sustainability and attractiveness of micro-mobility solutions. Companies investing in research and development to incorporate cutting-edge technologies position themselves to capitalize on this growing market opportunity and stay ahead in the evolving landscape of micro-mobility charging infrastructure.

Micro-mobility Charging Infrastructure Market Challenges

• Lack of Standardization:

A primary challenge in the micro-mobility charging infrastructure market is the absence of standardized technologies and protocols. The diverse array of micro-mobility platforms and their unique charging requirements has led to a lack of universal standards for charging interfaces and station designs. This lack of standardization complicates interoperability, hindering the seamless integration of charging infrastructure across different micro-mobility services. Industry stakeholders must collaboratively work towards establishing common standards to ensure compatibility and foster a more cohesive and efficient charging network.

• Regulatory Complexity and Zoning Issues:

Regulatory hurdles and zoning challenges pose significant obstacles to the growth of micro-mobility charging infrastructure. The establishment of charging stations is subject to varying local regulations, permitting processes, and land-use policies, creating a fragmented and complex landscape. Navigating through these regulatory intricacies demands time and resources, potentially delaying the deployment of charging infrastructure. Overcoming these challenges requires close collaboration between public authorities, private entities, and industry stakeholders to streamline regulatory processes and facilitate the efficient expansion of micro-mobility charging networks.

Segments Insights:

Vehicle Type Insights

The e-scooters segment accounted for the largest revenue share of 60.3% in 2023 and is expected to expand at the fastest CAGR of 26.4% over the forecast period. The increasing adoption of e-scooters for shared mobility transportation and first and last-mile transportation has increased the demand for micro-mobility charging stations for e-scooters. Micro-mobility charging stations in the market are adaptable to any model of e-scooter design, providing greater flexibility to the user. The demand for e-scooters is rapidly increasing as these scooters are easy to park and recharge. E-scooter charging platforms help to reduce traffic congestion and improve air quality by lowering e-scooter recovery operations.

The e-bike segment is anticipated to witness significant growth over the forecast period. Increasing deployment of e-bike charging stations in tourist and public areas is expected to fuel the segment growth over the forecast period. The demand for charging stations capable of charging multiple e-bikes is high. Also, these e-bike charging stations can be easily and quickly mounted free-standing or on a wall.

Charger Type Insights

The wired segment accounted for the largest revenue share of around 53.2% in 2023. The high demand for wired charging stations can be attributed to their convenience. Several market players, including bike-energy and Swiftmile, Inc., have developed flexible wired charging stations to use in any weather conditions. These wired charging stations are compatible with all e-scooters and e-bikes, providing greater charging flexibility. These factors are expected to contribute to the growth of the wired segment.

The wireless segment is estimated to register the fastest CAGR of 26.5% over the forecast period. The segment growth can be attributed to the increasing usage of autonomous vehicles in logistics by prominent retail Multinational Corporations (MNCs) and public transport agencies. Wireless charging systems are more convenient for e-scooters and e-bikes than wired charging stations. Moreover, companies are also developing intelligent dock systems called wireless charging systems that work indoors and outdoors. Wireless charging stations can also help avoid plug-in glitches regularly faced in wired charging stations.

Power Source Insights

The battery-powered segment held the largest revenue share of 55.1% in 2023. The demand for battery-powered charging stations is increasing due to the rising adoption of battery-swapping technology for e-scooters. At battery swapping stations, users can easily swap an uncharged battery with a charged one and continue their rides. Many companies have started installing battery-swapping stations in public places. For instance, in January 2021, Zypp, an electric vehicle startup, announced its plans to set up 5,000 battery-swapping stations in 100 cities across India.

The solar-powered segment is expected to expand at the fastest CAGR of 26.8% over the forecast period. Benefits such as reduced operating and maintenance costs compared to battery-powered systems drive the demand for solar-powered charging infrastructure. Moreover, solar-powered charging stations are generally used by people to charge their e-scooters within a shorter period to travel short distances.

End-use Insights

The residential segment held the largest revenue share of 69.0% in 2023 and is expected to expand at the fastest CAGR over the forecast period. Factors such as an increase in urbanization and growing traffic congestion encourage customers to shift to micro-mobility vehicles. Users prefer stations that allow the overnight charging of micro-mobility vehicles in homes and residential complexes. In addition, people are becoming more inclined to use e-scooters and e-bikes for transportation at shorter distances. The market features a diverse range of products catering to various transportation requirements. These factors are anticipated to contribute to the segment growth over the forecast period.

The commercial segment is anticipated to register significant growth over the forecast period. The segment includes micro-mobility charging infrastructure installed in various malls and business complexes to provide hassle-free services to visitors. Furthermore, many companies have developed charging stations in hotels, businesses, and other tourist places to allow visitors and employees to charge their e-scooters and e-bikes quickly. For instance, bike-energy, a company dealing with charging stations, provides charging stations to hotels, businesses, and tourist places. These stations also feature proper parking spaces for e-scooters, thereby preventing vehicle congestion.

Regional Insights

Asia Pacific dominated the market and accounted for the largest revenue share of 46.0% in 2023. The promising growth of the Asia Pacific regional market can be attributed to the smart city projects and initiatives undertaken by the governments of several countries in the region. For instance, in June 2021, the Government of India, under its smart city project, announced an increase in subsidies for purchasing e-bikes and e-scooters under its scheme called Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) II.

North America is expected to expand at the fastest CAGR of 27.3% during the forecast period. The regional market growth can be attributed to the rising awareness of adopting eco-friendly transportation options. Moreover, the region's geographical features and urban planning are conducive to using micro-mobility charging infrastructure. In addition, the presence of many prominent players in the region are further expected to drive the demand in the regional marke

Recent Developments

• In January 2023, Soltsol AG collaborated with Swiftmile, a light electric vehicle charging company. The collaboration seeks to cater to customers seeking cost-effective solutions for establishing and managing e-mobility charging hubs on public and private properties. Moreover, the partnership aims to deploy 150 LEV charging hubs throughout Germany.
• In May 2021, LG Electronics Inc. launched wireless charging solutions for electric scooters. In addition, the company established a wireless charging station in partnership with electric scooter-sharing services provider Kickgoing at Bucheon for electric scooter users in the area.
• In April 2021, HeroMotoCorp and Gogoro Inc. partnered to accelerate India's electric mobility shift. The partnership aimed to launch a battery-swapping venture to bring Gogoro's platform to the country and collaborate to develop Hero brand automobiles powered by Gogoro Network to the market.

Some of the prominent players in the micro-mobility charging infrastructure market include:

• Ather Energy
• bike-energy
• Bikeep
• Flower Turbines
• Get Charged, Inc.
• Giulio Barbieri SRL
• Ground Control Systems
• Magment
• Perch Mobility
• Robert Bosch GmbH
• Solum
• SWIFTMILE
• The Mobility House GmbH

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the global micro-mobility charging infrastructure market.

Vehicle Type

• E-scooters
• E-bikes
• E-unicycles
• E-skateboards

Charger Type

• Wired
• Wireless

Power Source

• Solar Powered
• Battery Powered

End-use

• Commercial
• Residential

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)