psalexa

Micromobility Telematics Market Research Report: By Service Type (Bike Sharing, Kick Scooter Sharing, Scooter/Motorcycle Sharing), Offering (GPS, Fleet Optimization, Software), Technology (Embedded, Tethered, Integrated), Sharing Type (Dock-Less, Station-Based, Hybrid) – Global Industry Trends Analysis and Revenue Forecast to 2030

  • Published: April 2021
  • Report Code: AT11865
  • Available Format: PDF
  • Pages: 139

Market Overview

The global micromobility telematics market was valued at $957.7 million in 2020, which is expected to grow at a CAGR of 26.7% during the forecast period (2021–2030). This can be mainly ascribed to the vast adoption of micromobility on the global level, which is driving the demand for these systems. With the rapid integration of network services, locking mechanism, smartphone connectivity, and fleet optimization into such services, the market is expected to advance rapidly.

Before the COVID-19 was declared a pandemic, 2020 was proving to be a crucial year for the market, with several industry players preparing for new product and service offerings and capacity expansions. However, with the outbreak, in 2020, the market started to go downhill. Globally, countries went into a complete lockdown to contain the spread of the coronavirus. This, in turn, has derailed the growth of various sectors, including the automotive industry, as the shutting down of vehicle and auto parts manufacturing facilities disrupted the supply chain.

Micromobility Telematics Market Outlook

Growing Concerns for Environment Support Largest Share of Bike Sharing Category

The bike sharing category in service type segment dominated the micromobility telematics market in 2020, owing to the growing awareness about the environment. Moreover, the rising demand for first- and last-mile mobility solutions has been driving the popularity of bike sharing services, in turn, the integration of telematics solutions.

Fastest Growth of Software Category Is Attributed to Development of Intelligent Software

With the rise in the popularity of micromobility, more-intelligent software is being developed by market players. Thus, the software category under offering segment is expected to witness the fastest growth in the market during the forecast period. In addition, the software mainly includes operating systems (OS), device drivers, voice recognition capabilities, and application programming interfaces (API), for providing connectivity, mapping, and safety and security solutions.

Asia-Pacific (APAC) Held Largest Share in Market due to Changing Customer Preferences

Globally, APAC held the largest share in the micromobility telematics market in the year 2020. In APAC, the high investments and establishment of technology start-ups are adding to the growth of the market. The players are focusing on providing low-cost micromobility services to gain the first-mover advantage. Moreover, the changing customer preference with regard to the daily urban commute is driving the demand for fleet telematics, connected vehicle technologies, and safety features in vehicles, which is expected to propel the regional market in the coming years.

Micromobility Telematics Market Geographical Insight

Fund Raising by Telematics Solution Providers Is Key Trend in Market

The recent trend in the micromobility telematics market has been the inflow of heavy investments. The major players, along with numerous start-up companies in the industry, are receiving funds from several venture capitalists. For instance, till date, VULOG SA has received a total funding of $31 million, of which the last round of funding, of $20 million, took place in August 2017. The company’s major investors include Frog Capital, ETF Partners, Ecotechnologies Fund, Inven Capital, and Bpifrance. These funds are being used by the players to expand their presence around the world and upgrade their product and service offerings.

Micromobility Telematics Market Drivers

Growing Demand for First- and Last-Mile Transportation also Boosting Market Growth

Micromobility services play a pivotal role in bridging the gap in first- and last-mile transportation, by offering mobility options for shorter distances, which is a key driving factor for the growth of the market. These services are usually used to cover a distance of less than 5 km (3.1 miles) per trip. Moreover, these services are mostly offered via the dock-less or station-less model, which allows users to drop off the vehicle at any place as per their convenience, which is further assisting in first- and last-mile traveling.

Heavy Investments in Micromobility Opening Revenue Streams for Telematics Solution Providers

The overall micromobility market is receiving heavy investments from top investors around the world. For instance, key players, along with a number of start-up companies, in the kick scooter sharing market are receiving hefty investments from several venture capitalists. Kick scooter sharing services were introduced in 2017, and within two years, investments of over $2.2 billion have been put in start-ups.

For instance, in 2018, European investors Index Ventures and Atomico massively funded two of the top U.S. electric kick scooter sharing companies, namely Bird Rides Inc. and Neutron Holdings Inc. (Lime), respectively. Index Ventures headed Bird’s Series B round with an investment of $100 million. Thus, the incoming of investments in the micromobility market is boosting the market, by raising the demand for telematics solutions.

Micromobility Telematics Market Report Coverage
Report Attribute Details
Historical Years 2014-2020
Forecast Years 2021-2030
Base Year (2020) Market Size $957.7 Million
Market Size Forecast in 2030 $13,010.4 Million
Forecast Period (2021-2030) CAGR 26.7%
Report Coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Analysis, Companies’ Strategic Developments, Impact of COVID-19, Company Profiling
Market Size by Segments Service Type, Offering, Technology, Sharing Type, Region
Market Size of Geographies U.S., Canada, Germany, U.K., France, Italy, Spain, China, Taiwan, India, Singapore, Brazil, Mexico, Saudi Arabia, U.A.E.
Secondary Sources and References (Partial List) All India Cycle Manufacturers' Association (AICMA), China Association of Automobile Manufacturers (CAAM), Electric Drive Transportation Association (EDTA), Electric Vehicle Association of Asia Pacific (EVAAP), European Automobile Manufacturers' Association (ACEA), International Kicksled and Scooter Association (IKSA), Light Electric Vehicle Association (LEVA), Mobility as a Service Alliance (MaaS Alliance), North American Bikeshare Association (NABSA)

 

Market Players Are Engaging in Mergers, Acquisitions and Partnerships to Gain Competitive Edge

In recent years, players in the global micromobility telematics market have been actively involved in mergers and acquisitions and strategic partnerships to stay ahead in the competition.

  • In June 2020, BOND Mobility (Europe) AG, a micromobility operator, announced that it has acquired e-motionlabs NV, a micromobility technology company. The acquisition was made by the former in order to strengthen its technological capabilities and engineering capacity. BOND Mobility (Europe) AG will integrate e-motionlabs NV’s technology platform and operations to boost its service-oriented, data-driven offerings.
  • In May 2020, Neutron Holdings Inc.’s Lime acquired Uber Technology Inc.’s micromobility subsidiary Jump. The $170-million funding was raised by Lime and led by Uber. Several other investors, including Alphabet Inc., Bain Capital Ventures, and GV, also participated in the round. With this strategic move, both the companies aimed at integrating their mobile apps.

Key Players in Global Micromobility Telematics Market Include:

  • Conneqtech B.V.
  • VULOG SA
  • INVERS GmbH
  • PBSC Urban Solutions Inc.
  • Bewegen Technologies Inc.
  • Smoove SAS
  • SharingOS Holdings Limited
  • Comodule OÜ
  • e-motionlabs NV
  • E-pire Limited

Market Size Breakdown by Segments

The micromobility telematics market report offers comprehensive market segmentation analysis along with market estimation for the period 2014-2030.

Based on Service Type

  • Bike Sharing
  • Kick Scooter Sharing
  • Scooter/Motorcycle Sharing

Based on Offering

  • Global Positioning System (GPS)
  • Fleet Optimization
  • Software

Based on Technology

  • Embedded
  • Tethered
  • Integrated

Based on Sharing Type

  • Dock-Less
  • Station-Based
  • Hybrid

Geographical Analysis

  • North America
    • U.S.
    • Canada 
  • Europe
    • Spain
    •  France
    •  Germany
    •  Italy
    •  U.K.
  • Asia-Pacific (APAC)
    • China
    •  Taiwan
    •  India
    •  Singapore
  • Latin America (LATAM)
    • Brazil
    •  Mexico
  • Middle East and Africa (MEA)
    • Saudi Arabia
Frequently Asked Questions About This Report
What is the micromobility telematics market growth forecast?+
Which is the most-popular technology in the micromobility telematics industry?+
Which region will offer the best opportunities for micromobility telematics market players?+
What is the most-widely sold offering in the micromobility telematics industry?+
Which strategic move characterises the competition in the micromobility telematics market?+
Place An Order
USD 4100 USD 5400 USD 7000
Customized Report Solution

Get a bespoke market intelligence solution

 
We are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Quality Acknowledgement

Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you

Unmatched Standards
Unmatched Standards

Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights

Reach Us
Reach Us Whenever You Need Us

With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required

Data Security
Complete Data Security

We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws