A new report from Guidehouse Insights analyzes the growing demand for micromobility products and the resulting business opportunities emerging across the micromobility value chain. Actionable insights and recommendations are provided for micromobility industry players to capitalize on the dynamic and growing market.
Personal micromobility vehicle sales grew at unprecedented levels in 2020 due to increasing consumer demand for low cost, physically distanced, flexible, and clean transport options. Shared micromobility services are experiencing growth from the favorable regulatory environment post-COVID-19 and improved vehicle durability and safety features. Additionally, emerging innovations such as battery swapping are enabling faster market growth and increased business opportunities. According to a new report from Guidehouse Insights, the post-COVID-19 environment and technology advances are increasing demand for micromobility products, and resulting in a variety of business opportunities emerging across the micromobility value chain.
“The opportunity space in micromobility is far broader than just the manufacturing of vehicles and services for distributing them,” says Ryan Citron, senior research analyst with Guidehouse Insights. “Additional revenue potential is available to suppliers across several areas, including developing public charging infrastructure, providing battery swapping equipment and services, and offering solutions for docking, charging, and redistributing vehicles. New mobility as a service (MaaS) platform solutions are also being developed to better integrate shared micromobility with the public transport ecosystem.”
Although the micromobility market is growing quickly and offers numerous revenue opportunities, suppliers must carefully consider their individual business strengths and capabilities to capitalize on the dynamic and growing micromobility market. In the report, actionable recommendations are discussed for automotive OEMs, personal micromobility manufacturers and suppliers, battery swapping and wireless charging providers, as well as micromobility sharing operators.
The report, Capitalizing on Micromobility Value Chain Opportunities, discusses how COVID-19 and technology advances are increasing demand for micromobility products and the resulting business opportunities emerging across the micromobility value chain. The report provides actionable recommendations for micromobility industry players to capitalize on the dynamic and growing market.