For many years, bicycles have played a significant role in metropolitan mobility, but electric bicycles have only just come into the scene. In reality, during the past few years, people have also seen an increase in the use of skateboards, cargo bikes, and scooters, both privately owned and shared.

This indicates that individual commuters are using personal transportation equipment that falls into this category more frequently and extensively in their daily urban commute.

The development of the on-demand economy has had positive impacts on the travel and transport sector recently, especially in urban regions with expanding populations and more work prospects. An emphasis on smart city initiatives is another factor driving the growth of micro-mobility programs like shared bikes and scooters.

According to a research report by Astute Analytica, the Global Micro-Mobility Market is growing at a compound annual growth rate (CAGR) of 15.3% over the projection period from 2023 to 2031.

Benefits of Micro-Mobility:

Better logistics and infrastructure
People have already provided a few illustrations of what actual micro-mobility looks like. People get on one of the various personal transport options, enter the metro, get out at a stop close to where they’re going, and travel to work without breaking a sweat or leaving a significant carbon footprint. This means that by making transportation more accessible and economical, micro-mobility at work enhances the logistics for its residents inside an urban region.

Sustainability
Environmental sustainability is the preservation of natural systems and resources without using them at a rate that prevents them from replenishing themselves. To achieve sustainability goals, topics including regenerative agriculture, renewable energy, and electric personal automobiles are widely considered.

Economic sustainability means that everyone would have access to stable financial situations, safe sources of income, and any other resources they require for their independence and well-being.

Cities that are cleaner, greener, and less polluted
Only human-powered and electric modes of transportation are considered micro-mobility. Less carbon dioxide from automobiles will result from this. In general, personal cars that run on human power or electricity are clean. Undoubtedly, electric cars have no emissions from their exhaust.

Less traffic congestion and greater mobility
Less traffic and more space for everyone to go would result from a shift to micro-mobility. Using personal transportation methods, the same number of individuals can travel the same distances without filling up a whole vehicle.

Affordability
Micro-Mobility is a viable option due to its low cost and accessibility. All of the personal vehicles we’ve discussed, both electric and human-powered, are far less expensive than cars, especially given the high cost of petrol right now. With personal transportation systems for micro-mobility, even the parts and maintenance are far less expensive.

According to a US e-scooter user survey, those between the ages of 25 and 34 who make between $50,000 and $74,000 per year fall into the lower end of the middle class and are the most likely to use these electric personal vehicles.

Source:- Micro-Mobility Market