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Micromobility Market size is set to grow by USD 130.47 billion from 2024-2028, Increasing traffic congestion boost the market, Technavio

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NEW YORK, June 20, 2024 /PRNewswire/ — The global micromobility market size is estimated to grow by USD 130.47 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 23.31% during the forecast period. Increasing traffic congestion is driving market growth, with a trend towards rising use of subscription and membership business models. However, risk of theft and need for frequent maintenance poses a challenge. Key market players include Beam Mobility Holdings Pte. Ltd., Bird Global Inc., Bolt Technology OU, CITYSCOOT, COOLTRA MOTOS SLU, CycleHop LLC, Dynamic Bicycles Inc., Easymile SAS, ElectricFeel AG, emTransit SRL, EV RIDER LLC, Golden Technologies, Lyft Inc., Merits Health Products, Micro Mobility Systems AG, Neuron Mobility Pte. Ltd., Neutron Holdings Inc., Pride Mobility Products Corp., Vulog, and Yulu Bikes Pvt. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Micromobility Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 23.31%

Market growth 2024-2028

USD 130472.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

18.59

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 51%

Key countries

US, China, Canada, UK, and Germany

Key companies profiled

Beam Mobility Holdings Pte. Ltd., Bird Global Inc., Bolt Technology OU, CITYSCOOT, COOLTRA MOTOS SLU, CycleHop LLC, Dynamic Bicycles Inc., Easymile SAS, ElectricFeel AG, emTransit SRL, EV RIDER LLC, Golden Technologies, Lyft Inc., Merits Health Products, Micro Mobility Systems AG, Neuron Mobility Pte. Ltd., Neutron Holdings Inc., Pride Mobility Products Corp., Vulog, and Yulu Bikes Pvt. Ltd.

 

Market Driver

The micromobility market is witnessing a significant shift towards subscription-based business models. Operators offer monthly or yearly memberships, granting unlimited or discounted access to micromobility solutions. This trend fosters user loyalty and frequent usage, providing a consistent revenue stream for operators. Companies like Lime and Bird have implemented such programs, offering unlimited rides on electric scooters and bikes for a set fee. In a competitive market, this transition ensures financial stability and enhanced consumer engagement, driving market growth. 

The micromobility market is experiencing significant growth, with e-bikes and scooters becoming increasingly popular modes of transportation. Electric bikes and scooters are convenient, cost-effective, and eco-friendly solutions for short-distance travel. The trend towards shared mobility services, such as bike-sharing and scooter-sharing platforms, is driving demand in this market. Powered two-wheelers, like e-bikes and scooters, offer flexibility and ease of use, making them attractive alternatives to cars in urban areas. Additionally, the integration of technology, such as GPS tracking and mobile apps, enhances the user experience and convenience. The market is expected to continue growing, with innovations in design, battery technology, and connectivity driving future developments. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The micromobility market is experiencing challenges due to an escalating issue with bike theft. Despite advanced security measures, vendors face theft-related hurdles, leading to a scarcity of bicycles. Customers express dissatisfaction on social media due to a deficit in available bicycles. Improper riding practices and frequent maintenance needs further impede market growth. These factors significantly impact vendors in the global micromobility market.The micromobility market is experiencing significant growth with the rise of electric scooters and bikes. However, challenges persist in this sector. Regulations and policies vary widely, making it difficult for businesses to operate consistently. Battery life and charging infrastructure are also major concerns. Additionally, competition is fierce, with numerous players vying for market share. Safety is another challenge, as accidents have raised concerns about the use of these vehicles in urban areas. Micromobility companies must navigate these issues to succeed in this dynamic market.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This micromobility market report extensively covers market segmentation by

Propulsion 1.1 Human powered1.2 Electrically poweredType 2.1 Docked2.2 Dock-lessGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Human powered- Micromobility market refers to the segment of transportation that includes lightweight vehicles such as e-scooters, e-bikes, and personal mobility devices. This market is experiencing significant growth due to increasing urbanization, traffic congestion, and environmental concerns. Companies like Bird, Lime, and Spin are leading players, offering short-term rental services through smartphone apps. The market’s size and growth rate are influenced by factors like government regulations, consumer preferences, and technological advancements.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Micromobility Market encompasses various modes of transportation, including bicycles, electric bikes (e-bikes), electric scooters (e-scooters and e-kick scooters), electric skateboards, and low-speed electric vehicles (LSEVs), such as hoverboards. These modes of transport are increasingly popular in smart cities, where intelligent transportation systems are being implemented. However, challenges such as bike vandalism and theft, as well as damage to batteries (sealed lead-acid, Li-Ion, or NiMH), pose concerns for the industry. Propulsion types for these vehicles are electrically powered, making them subject to oil & gas price fluctuations. The electric bicycle segment and the e-scooter segment are significant parts of this market. Voltage requirements vary between different types of vehicles, adding to the complexity of the market.

Market Research Overview

The Micromobility Market encompasses the production, distribution, and use of lightweight, low-power transportation modes, such as electric scooters, bicycles, and personal transporters. This sector is experiencing significant growth due to increasing urbanization, environmental concerns, and the need for efficient last-mile connectivity. The market is driven by advancements in battery technology, the rise of ride-sharing services, and government initiatives to promote sustainable transportation. The integration of IoT and AI technologies is also transforming the industry, enabling real-time vehicle tracking, predictive maintenance, and personalized user experiences. The market is expected to continue its upward trajectory, with a focus on safety, affordability, and convenience.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

PropulsionHuman PoweredElectrically PoweredTypeDockedDock-lessGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Walmart Has 23.6% of U.S. Grocery Sales – But Costco Owns the AI Answer – 5W Grocery Retail AI Visibility Index 2026

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Walmart Owns 21% of U.S. Grocery — But Costco Owns the AI Answer 

NEW YORK, May 7, 2026 /PRNewswire/ — 5WPR, the premier AI communications firm in the United States, today released the U.S. Grocery Retail AI Visibility Index 2026 — the 11th installment in 5W’s AI Visibility Index research series, and the first to rank American grocery retailers by how frequently they are cited inside AI-generated answers.

The headline finding rewrites the category league table.

Walmart, with approximately 21 percent of U.S. grocery market share — the largest in the country — ranks fourth in AI citation share. The retailer cited most often when American shoppers ask ChatGPT, Claude, Perplexity, or Google AI Overviews where to buy their groceries is Costco. Trader Joe’s ranks second. Whole Foods ranks third. Aldi, H-E-B, and Wegmans are all punching far above what their physical footprint would predict.

“Market share is a lagging indicator. AI citation share is a leading indicator,” said Ronn Torossian, Founder and Chairman of 5W. “The grocers who close that gap in 2026 will define the category in 2030. Most grocery CMOs we talk to are running 2019 playbooks against 2026 consumer behavior.”

5W researchers ran more than 80 consumer-intent queries across 12 sub-categories — best overall grocery store, cheapest, highest-quality produce, best private label, best organic, best meal planning, best bulk, best delivery, best customer service, best regional, and others — across the four leading consumer AI platforms. Each retailer was scored on citation frequency, position within the answer, sentiment, and sub-category dominance.

The top 10: Costco, Trader Joe’s, Whole Foods, Walmart, Kroger, Aldi, H-E-B, Publix, Wegmans, and Target.

Key structural findings:

Market share no longer predicts AI citation share. Walmart’s roughly 21 percent share translates to an estimated 8 to 10 percent AI citation share across premium query categories. The decoupling is the single largest such gap in American retail.Private label is the highest-leverage citation asset a grocer owns. Kirkland, Trader Joe’s, 365, Good & Gather, and Great Value are cited directly by name in AI answers at rates that exceed most national CPG brands.Regional loyalty translates directly into regional AI dominance. Regional chains outperform national chains in their home markets by 3x or more.Reddit and TikTok are under-priced citation surfaces. Perplexity pulls a majority of its answers from community sources. ChatGPT and Claude weight Reddit heavily.

The report also identifies six 2026 dynamics reshaping the category, including the new GLP-1 grocery basket, Aldi’s expansion as a citation-compounding program, and Walmart’s CEO transition from Doug McMillon to John Furner — effective February 1, 2026 — as a brand-narrative inflection point.

The full Index, including ranks 11 through 25 and sub-category breakdowns, is available as a free download at 5wpr.com/research.

About 5W

5W is the AI Communications Firm, building brand authority across the platforms where decisions now happen — ChatGPT, Claude, Perplexity, Gemini, and Google AI Overviews — alongside earned media, digital, and influencer channels. 5W combines public relations, digital marketing, Generative Engine Optimization (GEO), and proprietary AI visibility research, helping clients measure and grow their presence in AI-driven buyer research. 

Founded more than 20 years ago, 5W has been recognized as a top U.S. PR agency by O’Dwyer’s, named Agency of the Year in the American Business Awards®, and honored as a Top Place to Work in Communications in 2026 by Ragan. 5W serves clients across B2C sectors including Beauty & Fashion, Consumer Brands, Entertainment, Food & Beverage, Health & Wellness, Travel & Hospitality, Technology, and Nonprofit; B2B specialties including Corporate Communications and Reputation Management; as well as Public Affairs, Crisis Communications, and Digital Marketing, including Social Media, Influencer, Paid Media, GEO, and SEO. 5W was also named to the Digiday WorkLife Employer of the Year list.

For more information, visit www.5wpr.com.

Media Contact
Chris Bergin
cbergin@5wpr.com

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SOURCE 5W Public Relations

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ICAT Logistics Appoints Youssef Annali as Chief Financial Officer

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Transportation and logistics finance leader joins as ICAT accelerates its next phase of growth

DALLAS, May 7, 2026 /PRNewswire/ — ICAT Logistics announces the appointment of Youssef Annali as Chief Financial Officer. Annali brings more than two decades of senior finance leadership across global logistics and supply chain businesses, and joins as the company scales its platform, team, and operational capabilities globally. 

Annali joins ICAT from OIA Global, a $1.4 billion revenue supply chain management leader, where he served as CFO for four years overseeing Finance, Corporate Development, Strategy, Legal, Compliance, and Real Estate. Prior to OIA, he spent eleven years at CEVA Logistics—one of the world’s largest freight and logistics providers—rising to CFO & EVP Finance for North America, where he held financial accountability for a business generating over $4.5 billion in annual revenue and more than 14,000 employees. Earlier in his career, he served in senior finance roles at Abbott, KPMG, and PricewaterhouseCoopers.

Annali has a consistent track record of building finance functions that support strategic growth and has deep experience across financial planning, M&A, treasury, and corporate restructuring. He holds a Post-Master’s in Finance and Control from the University of Amsterdam and a Master’s in Business Administration from the University of Groningen.

“Youssef has led high-performing finance teams at the highest levels of global logistics. He brings the operational depth and strategic mindset our platform demands as we enter the next phase of growth,” said Brad Stogner, CEO of ICAT Logistics.

“ICAT has built something genuinely differentiated—a specialized platform operating in verticals where precision and domain expertise are non-negotiable. The foundation is strong, and the opportunity ahead is significant. I look forward to working with the team to accelerate that momentum,” said Youssef Annali, Chief Financial Officer of ICAT Logistics.

About ICAT

ICAT is the world’s leading specialized logistics company, delivering customized solutions and deep vertical expertise to industries where failure is not an option. With 65 offices and operating capabilities in 190 countries, ICAT serves customers across Live Events, Luxury, Technology, Defense & Aerospace, Life Sciences, and Financial Institutions—sectors defined by uncompromising performance standards. ICAT’s proprietary, AI-powered technology platform provides end-to-end visibility and predictive intelligence, enabling precise execution for the most demanding operations.

ICAT is backed by New Atlas Capital following its acquisition of the Company in 2024.

Contact Information

ICAT Logistics, Inc.
8840 Cypress Waters Blvd, Ste 325,
Coppell, TX, 75019
marketing@icatlogistics.com

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SOURCE ICAT Logistics, Inc.

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HelloNation Article Highlights Poughkeepsie’s Focus on Youth Investment, Neighborhood Parks and Sustainable Reuse

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The article examines how redevelopment projects and youth programs are reshaping community life across Poughkeepsie.

POUGHKEEPSIE, N.Y., May 7, 2026 /PRNewswire/ — What does long term community growth look like when a city invests in both people and public spaces? HelloNation has published a HelloNation article that provides the answer through a detailed look at how Poughkeepsie is combining youth investment, neighborhood improvements and adaptive reuse projects to support residents and strengthen the city’s future.

The article explains that Poughkeepsie is undergoing a period of reinvention centered on infrastructure upgrades, youth programming and redevelopment along the city’s Northside. According to the article, local and county leaders are working to create spaces where residents can learn, gather and build stronger community connections. The article notes that these efforts are intended to improve quality of life while helping the city grow in a more sustainable and inclusive way.

A major focus of the article is the planned Youth Opportunity Union, also known as the YOU, a large multipurpose youth facility backed by Dutchess County. The HelloNation article describes the project as a 19,000 square foot center that will include childcare services, wellness support, tutoring areas, teaching kitchens and both indoor and outdoor recreation spaces. The article explains that the project reflects a larger regional effort to increase opportunities for children and teenagers in underserved communities.

The article also highlights additional youth centered investments connected to sports, education and recreation. According to the article, Dutchess County has awarded grants to local organizations serving young people between the ages of 6 and 17. The article further explains that Poughkeepsie’s City Parks program has introduced mini grants designed to support renovations and activities in neighborhood parks, including Pershing Avenue and Malcolm X parks.

Beyond youth programs, the article details how the city is working to improve transportation and neighborhood infrastructure. The HelloNation article explains that Poughkeepsie launched its first five year paving plan in 2025, beginning with major roadway improvements on Main Street and other corridors. The article states that these upgrades are intended to improve safety, durability and daily conditions for residents while supporting broader redevelopment goals throughout the city.

Another important part of the article focuses on adaptive reuse and environmental redevelopment on the Northside. The article describes how Scenic Hudson plans to transform the former Standard Gage Factory into the Northside Hub, a redevelopment project designed to serve as both a nonprofit headquarters and a community gathering space. According to the article, the project will feature solar powered operations, office space, public parkland and community facilities near the Walkway Over the Hudson and Dutchess Rail Trail.

The article also explains that Poughkeepsie’s selection as the Mid Hudson winner in New York’s Downtown Revitalization Initiative adds additional momentum to current redevelopment efforts. The HelloNation article notes that the funding will support new downtown projects that build on existing investments in youth programs, infrastructure and adaptive reuse. Together, these efforts are presented as part of a broader strategy to create long term stability and opportunity for local residents.

The article concludes that Poughkeepsie’s emerging identity is closely tied to projects that strengthen neighborhoods while supporting future generations. Poughkeepsie Puts Youth, Neighborhood Parks and Sustainable Reuse at the Center of Renewal features insights from HelloNation Staff Writer, community development coverage of Poughkeepsie, New York, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused digital publications and innovative “edvertising” approach, HelloNation delivers expert-driven, good-news content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities. HelloNation maintains partnerships with the U.S. Conference of Mayors, and the United States First Responders Association.

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SOURCE HelloNation

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