The global micro-mobility charging infrastructure market size accounted for USD 7,440 million in 2024 and is expected to exceed around USD 57,080 million by 2034, growing at a CAGR of 22.60% from 2024 to 2034.
Micro mobility charging infrastructures are a network of charging stations for micro mobility vehicles such as e-bikes, e-scooters and are an integral part of the developing automotive industry. These infrastructures are supporting the growing the use of micro-mobility vehicles in the commercial and transportation sectors. The use of these vehicles can help reduce the global carbon footprint, traffic jams and noise pollution.
The need for developing a strong network of micro-mobility charging stations with the increasing adoption of micro-mobility vehicles is fuelling the market growth. The micro mobility devices are often shared and rented through online smartphone applications which cater to the need of developing accessible and adequate charging infrastructure. Furthermore, the feasibility of charging these micro mobility devices at home, work and public places is driving the market of this industry.
The growing support of government through subsidies and tax incentives for purchasing micro mobility vehicles with rising awareness among the people for reducing the environmental impact by using these vehicles is expected to build lucrative opportunities for the key market players in the imminent years.
Published by Ajit Bansod
