Emerging Technologies and the Post-COVID-19 Environment Are Cited as Factors in Increasing Business Opportunities in Micromobility
Suppliers must carefully consider their individual business strengths and capabilities in the highly competitive micromobility market
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. An executive summary of the report is available for free download on the Guidehouse Insights website.
*The information contained in this press release concerning the report, Guidehouse Insights Leaderboard: Smart Meter Analytics, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.