Global micromobility market is anticipated to grow at a significant CAGR of 11.8% during the forecast period (2024-2031). To meet the growing demand for micromobility in emerging economies of Asia-Pacific, major players operating in the micromobility sector are investing in establishment of gigafactories. For instance, in May 2024, EMotorad has laid out ambitious expansion plans that involve the establishment of a state-of-the-art facility spanning 2,40,000 square feet in Pune, as part of phase one. This move aims to enhance their manufacturing capabilities and cater to the growing demand for electric cycles globally. The gigafactory will focus on producing essential components such as batteries, motors, displays, and chargers, with an initial capacity of 5,00,000 electric cycles annually.
Browse the full report description of “Micromobility Market Size, Share & Trends Analysis Report by Battery Type (Lithium-ion and Lead-Acid), by End-user (Personal and Commercial) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/micromobility-market
Further, in January 2024, Ola Electric has established the biggest cell factory in India, and among largest such facilities in the world, Gigafactory's construction began with a capacity of 100 MW. When operational, the plant, which is spread across 115 acres, will function at an initial capacity of 5GWh; further, this will be expanded to a full capacity of 100 GWh in phases. At Gigafactory, Ola Electric will scale up the production of its in-house 4680 cells.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Application
o By Component
o By End User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Dongguan Tailing Electric Vehicle Co., Ltd., Yadea Technology Group Co., Ltd., Hero Electric Vehicles Pvt. Ltd., Gogoro Inc., and NIU Technologies among others.
Key questions addressed by the report.
Global Micromobility Market Report Segment
By Battery Type
By End-user
Global Micromobility Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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