Micromobility Market Landscape
Delivered October 1, 2019. Contributor: ChristineD
Determine the landscape of the micro-mobility market in the US for 0-1 mile trips. The information will be used for a fundraising pitch.
MICROMOBILITY MARKET LANDSCAPE
MARKET SIZE HELPFUL FINDINGS
for trips with distances from 0 to 5 miles include bikes and scooters.
The use of micromobility modes of transport accounts for
60% of the trips
in the US.
Based on available estimates the US mobility market for trips that are less than 5 miles is around
$200 billion to $300 billion by 2030
84 million trips
were completed in the US using shared micromobility solutions.
Some of the companies operating in this space include
Motivate, Scoot, Lime, Jump, Spin, Skip
, Razor, Bird, and others.
Lime is currently valued at
, while Bird's valuation is
TRENDS DRIVING THE MICROMOBILITY MARKET
are expected to be open to these micromobility solutions as they are already using various mobility solutions such as ride-sharing and other online transportation services.
Micromobility options are also seen as happiness-inducing solutiions as consumers like the
speed and freedom
to breeze through traffic.
cost of bike or scooter rentals
is also lower than cab fares or car ownership expenses.
Only the project owner can select the next research path.
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