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The US Shared Micromobility Market: Size, Trends & Forecasts (2019-2023)

The US Shared Micromobility Market: Size, Trends & Forecasts (2019-2023)

Scope of the Report

The report entitled “The US Shared Micromobility Market: Size, Trends & Forecasts (2019-2023)”, provides analysis of the US shared micromobility market, with detailed analysis of market size and growth of the industry. The analysis includes the market by value, by segmentation and by different trips parameters.

Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall US shared micromobility market has also been forecasted for the years 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

Motivate (Lyft), Jump (Uber), Lime and Bird are some of the key players operating in the US shared micromobility market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.

Company Coverage

Motivate (Lyft)
Jump (Uber)
Lime
Bird  

Executive Summary

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.


1. Executive Summary
2. Introduction
2.1 Shared Micromobility: An Overview
2.1.1 Shared Micromobility: Meaning
2.1.2 Alternatives for Car Ownership: Based on Trip Length
Table 1: Alternatives for Car Ownership
2.1.3 Shared Micromobility Sharing Evolution
Table 2: Shared Micromobility Sharing Evolution
2.1.4 Shared Micromobility Types
Table 3: Types of Shared Micromobility
2.1.5 Shared Micromobility : Shared Bike Overview
Table 4: Characteristics of Bike Sharing Systems
2.1.6 Advantages of Shared Micromobility
Table 5: Advantages of Shared Micromobility
2.2 E-bike & E-Scooter: An Overview
2.2.1 E-Scooter & E-bike: An Overview
Table 6: Types of E-bikes
3. Market Analysis
3.1 The US Shared Micromobility Market: An Analysis
3.1.1 The US Shared Micromobility Market by Value
Table 7: The US Shared Micromobility Market by Value; 2017-2018 (US$ Million)
Table 8: The US Shared Micromobility Market by Value; 2019-2023 (US$ Million)
3.1.2 The US Shared Micromobility Market by Segment (Station-Based Bike, Dockless Bike And E-Scooters & E-Bikes)
Table 9: The US Shared Micromobility Market by Segment (Station-Based Bike, Dockless Bike And E-Scooters & E-Bikes); 2018 (Percentage, %)
3.1.3 The US Shared Micromobility Market by Total Trips
Table 10: The US Shared Micromobility Market by Total Trips; 2011-2018 (Million)
3.1.4 The US Shared Micromobility Trips Share by Segment
Table 11: The US Shared Micromobility Trips Share by Segment; 2018 (Percentage, %)
3.1.5 The US Shared Micromobility Segment by Trips
Table 12: The US Shared Micromobility Segment by Trips; 2018 (Million)
3.1.6 The US Station-Based Bike Market by Trips
Table 13: The US Station-Based Bike Market by Trips; 2010-2018 (Million)
3.1.7 The US Shared Micromobility Price per Trip
Table 14: The US Shared Micromobility Price per Trip; 2018 (US$)
3.1.8 The US Shared Micromobility Average Trip by Distance
Table 15: The US Shared Micromobility Average Trip by Distance; 2018 (Miles)
3.1.9 The US Shared Micromobility Average Trips by Time
Table 16: The US Shared Micromobility Average Trips by Time; 2018 (Minutes)
3.1.10 The US Shared Micromobility Trips by Day
Table 17: The US Shared Micromobility Trips by Day
3.1.11 The US Shared Micromobility Trips by Hour
Table 18: The US Shared Micromobility Trips by Hour
4. Market Dynamics
4.1 Growth Drivrs
4.1.1 Introduction of Many Loyalty Programs for Riders
Table 19: Lyft Loyalty Programs for Riders
4.1.2 Different Reasons for Micromobility Adoption
Table 20: Different Factors for Micromobility Adoption
4.1.3 Maximum Support from Lower Class
Table 21: E-Scooter Support from Different Income Group; 2018
4.1.4 Positive Public Opinion on E-Scooters
Table 22: The US Outlook on E-Scooter; 2018 (Percentage, %)
Table 23: Purpose of E-Scooter Rides; 2018 (Percentage, %)
4.1.5 Public Perception of E-scooters (Shared Micromobility) by the US Cities
Table 24: Opinion of E-Scooters Across Major Cities in the US; 2018 (Percentage, %)
4.1.6 Short Trips Ruled the Region
Table 25: Share of Vehicle Trips by Distance in the US; 2018 (Percentage, %)
4.1.7 Favorable Economics Leading to Lower Break-Even Points
Table 26: The US E-Scooter - Revenue and Expense Estimate
4.2 Challenges
4.2.1 Safety Issues
4.2.2 Offhand Space Management
4.3 Market Trends
4.3.1 Reduction in CO2 Emission
Table 27: Comparison of CO2 Emission by Car & Scooters
4.3.2 Merger & Partnerships for Evolution
Table 28: Mergers and Acquisitions in the US Shared Micromobility Industry
4.3.3 Increasing Adoption of Pilot Programs
Table 29: Adoption of Pilot Programs by Major Cities in the US
5. Competitive Landscape
5.1 The US Shared Micromobility Market: Player Analysis
5.1.1 The US Station-Based Bike Market Share by Player
Table 30: The US Station-Based Bike Market Share by Player; 2018 (Percentage, %)
6. Company Profiling
6.1 Motivate (Lyft)
6.1.1 Business Overview
6.1.2 Financial Overview
Table 31: Lyft Revenue; 2016-2018 (US$ Billion)
6.1.3 Business Strategy
6.2 Jump (Uber)
6.2.1 Business Overview
6.2.2 Financial Overview
Table 32: Uber Revenue; 2016-2018 (US$ Billion)
6.2.3 Business Strategy
6.3 Lime
6.3.1 Business Overview
6.3.2 Business Strategy
6.4 Bird
6.4.1 Business Overview
6.4.2 Business Strategy

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