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Top Companies in the Global The US Shared Micromobility Market: Motivate (Lyft), Jump (Uber), Lime, Bird others.
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Shared Micromobility has emerged as a new and more economical mode for commuting from one place to another. Shared micromobility is defined as the industry which provide different transportation mediums for commuting short distances (usually less than 5 miles). This market has emerged as an alternative for car ownership similar to ride hailing and peer-to-peer car share, but for short distances. Although the concept of shared micromobility was introduced in 1985 in Netherlands, this became more popular in the US around 2010.
Shared micromobility is of three types which can be further sub-segmented. First is dockless bike share which is sharing facility for a bike is provided for which no station is allocated. Dockless bikes comes in pedal and electronic modes. Second I station-based bike where a stations are allotted to a bike from where the bike is to be picked and dropped. This type is also available in pedal and electronic medium. Lastly is Scooter. A scooter is a motorcycle with a step-through frame and a platform for the rider’s feet. Scooter is also available in two types, foot based and electronic. All electronic based vehicles have engines installed in them for the locomotion.
There are many benefits which are associated with shared micromobility such as less traffic congestion when riding bikes or scooters, these transportation mediums are environmental friendly as they produce less carbon dioxide, shared micromobility is pocket friendly as well and many more. E-scooters and E-bikes are the newest members of this market. These are normal bicycles and scooters which are combined with several electric components such as a motor, a battery and a controller which are integrated into the design of the vehicle.
The US shared micromobility market has increased at a significant CAGR during the past years and projections are made that the market would rise in the next four years i.e. 2019-2023 tremendously. The US shared micromobility market is expected to increase due many growth drivers such as Introduction of many loyalty programs for riders, maximum support from lower class, favorable economics leading to lower break-even points, etc. Yet the market faces some challenges such as safety issues, offhand space management, etc. The US shared micromobility market is expected to observe some new market trends such as reduction in CO2 emission, merger & partnerships for evolution, etc.
Regional Analysis For The US Shared Micromobility Market:
For comprehensive understanding of market dynamics, the global The US Shared Micromobility market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
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Significant Features that are under Offering and Key Highlights of the Reports :
- Detailed overview of The US Shared Micromobility Market
- Changing The US Shared Micromobility market dynamics of the industry
- In-depth market segmentation by Type, Application etc.
- Historical, current and projected The US Shared Micromobility market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of The US Shared Micromobility Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth.
Finally, researchers throw light on the pinpoint analysis of Global The US Shared Micromobility dynamics. It also measures the sustainable trends and platforms which are the basic roots behind the market growth. The degree of competition is also measured in the research report. With the help of SWOT and Porter’s five analysis, the market has been deeply analyzed. It also helps to address the risk and challenges in front of the businesses. Furthermore, it offers extensive research on sales approaches.
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