The Huge Impact of ‘Micro-Mobility’ on Public Transportation
Micromobility Industry Growth Analysis and Demand Forecast to 2030

The Huge Impact of ‘Micro-Mobility’ on Public Transportation

Going from place to place is the need of the hour for everyone, as no one can survive, just by being a couch potato. The modes of commutation for us are always undergoing a change.

In cities, there are concerns regarding congestion, the high costs of vehicle ownership and environmental impact. So, in a way all these factors have forced people turn toward micromobility , to go from one place to another, for a fairly short distance of-course.

What Exactly Is Micromobility?

To start, micromobility has no standard definition, this term is used for small vehicles that have a potential to navigate through populated urban areas. Micromobility vehicles are just right for short trips and that too at a relatively lower speed. These vehicles do not have internal combustion engines, but are entirely powered by electric motors.

Micromobility vehicles are often shared-use vehicles, maintained by a municipal government or private player. These vehicles provide quick transportation to nearby destinations. E-Scooters, Vespas, Segways, e-Bikes are some of the options available in major cities, across the globe.

A New but Effective Concept

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Micromobility Industry Growth Analysis and Demand Forecast to 2030

This is not an age-old technology, but a fairly new addition into the scheme of things. With an increase in both population and pollution, it is important to find a way that takes care of the mobility, keeping these two aspects into consideration.

As micromobility vehicles run on power obtained from a battery, and not an engine, there is absolutely no chance of emission, and secondly these vehicles can also help in decreasing the number of conventional vehicles on the road, reducing the chances of traffic congestion.

Increasing Popularity of Micromobility Solutions

Micromobility solutions are getting popular day-by-day, as owning a vehicle can be both impractical and costly and also not always convenient. ?Due to the cost of vehicle ownership, rising insurance costs, and a lack of parking space, many people shy away from purchasing a car or even any other conventional vehicle.

Micromobility solutions have become a hot topic as cities focus on leveraging technology for increasing sustainability. Technologies such as IoT will allow organizations for implementing networks of micromobility transportation.

This will do a lot to improve the lives of the people, and also benefiting in reducing traffic jam and vehicle emissions.

Electric bikes and electric scooters are ruling the roads of major cities. Rideshare companies and municipalities are installing micromobility solutions in cities so that they are easily accessible to the people at the time of need.?It is possible to keep a track and manage these vehicles.

Asia, especially the People’s Republic, was the cradle of micromobility and, now, is its key ‘engine’ of growth. The user base for e-scooter sharing services will be about 28 million individuals by 2027. Apart from China, South Korea, Singapore, India, and Taiwan are also growing with regards to micromobility.

In Asia, half of the population live in cities. With the expansion of the cities at an unprecedented rate, it is quite a challenge to control air pollution and road congestion. Therefore, bike sharing is also massively popular in this region.

Come, let’s look at some of the features that have helped the micromobility vehicles to be so popular, and helped the total demand of the micromobility market to reach USD 10,351 million by the end of this decade.

Much More Affordable than Conventional Vehicles?

If you rent a micromobility vehicle, it is much-more pocket friendly than acquiring a conventional vehicle, in all the aspects, whether it is fuel, maintenance or paying for an insurance.

These Vehicles Are Whole Lot Sustainable

Micromobility vehicles are a perfect solution for the people, who want to play their part in protecting the environment, allowing densely populated areas reducing emissions. Micromobility is tremendously sustainable, particularly with the continuous evolution of electric scooters and bikes. E-scooters and bikes are put to use in the last-mile delivery transport by restaurants, pharmacies and many more.

?Efficiency Redefined Altogether

Talking about a micromobility network, it is highly efficient compared to other public transport solutions. Upon the implantation of a network, it is possible for a metropolis to reduce the burden on other public transit, including buses and subway systems.

Getting a Convenient Alternative under Your Belt

This is perhaps the most fascinating benefits of micromobility. It is possible for the people to find a micromobility vehicle on the streets around the city, reach their destination, and rent another vehicle when returning home.

There is also a concept of an annual pass. It pays to get anywhere around the city by means of rental bikes, as it is easy to find one anytime, there is a need.

Micromobility Moving toward a Bright Future

It can be said hands down that, the future of the micromobility is fairly bright, as mobility as a service is becoming a major trend across the globe. ?With cities trying everything for decreasing the level of air pollution, reducing traffic on the roads, and ensuring an affordable transportation for every person.

Municipalities, who are on the lookout for addressing the pain points with sustainable transport solutions, micromobility vehicles, including e-bikes, e-Scooters, provide an ideal solution.

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