NEW YORK, Dec. 8, 2021 /PRNewswire/ -- The New Zealand micromobility market revenue
stood at $9.5 million in 2020, and it
will grow to $2,395.1 million by
2030, demonstrating a healthy CAGR of 64.3% from 2021 to 2030. The
market is being driven by the low cost and high convenience
provided by these solutions, enactment of supportive government
policies, and burgeoning demand for reducing traffic congestion in
cities.
The surging need to reduce transportation costs is driving the
New Zealand micromobility market,
as micromobility is an extremely low-cost travel option. Moreover,
it reduces the requirement for personal vehicles, which entail
insurance charges, fuel costs, and maintenance expenses. Besides
helping reduce commuters' traveling expenditure, micromobility
services bridge the gap in first- and last-mile connectivity better
than conventional shared mobility.
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Key Findings of New Zealand Micromobility Market
Report
- E-scooters are expected to dominate the New Zealand micromobility market in the coming
years, under the vehicle type segment. Owing to their ability to
provide greater comfort than conventional pedal-assisted bikes,
e-scooters are being increasingly preferred by commuters.
- The dockless category will exhibit the higher New Zealand micromobility market growth rate
in the forthcoming years, within the sharing system segment. A
large number of companies are adopting the dockless vehicle sharing
system owing to its lower capital requirements than the docked
system.
- The first- and last-mile category is predicted to contribute
the higher revenue to the New
Zealand micromobility market, based on model. As e-scooters
and bikes are highly effective in easing first- and last-mile
connectivity, they are being preferred over other vehicles.
- In January 2020, Neuron Mobility
Pte. Ltd. announced the expansion of its operations in New Zealand. The organization started
providing 880 new-age N3 e-scooters, along with adjustable safety
helmets, in Auckland.
- In June 2019, Flamingo
Technologies Limited deployed 400 e-scooters and expanded its
operations in Wellington. The
company launched these services as part of a trial program, which
was initiated by the city's authorities.
Browse detailed report on New Zealand Micromobility
Market Size, Revenue, Industry Growth Forecast to 2030
The COVID-19 pandemic is propelling the New Zealand micromobility market advance as
people are increasingly preferring these solutions owing to their
ability to mitigate the spread of the infection. Moreover, people
will depend heavily on micromobility for their traveling needs in
the upcoming years too because they connect to people's homes and
offices from mass transit hubs, such as metro stations and bus
stops.
Major players in the New
Zealand micromobility market are Lime, Bird Rides Inc.,
Neuron Mobility Pte. Ltd., Flamingo Technologies Limited, Beam
Mobility Holdings Pte. Ltd., Micro Mobility Systems AG, SmartMotion
Bikes, The Mobility Company, Blip, Ghost Scooters, Electric Scooter
Shop, Hybrid Bikes Ltd., Hikobike, Ningbo MYWAY Intelligent
Technology Co. Ltd., Kwang Yang Motor Co. Ltd., Segway Inc., and
Vmoto Limited.
New Zealand Micromobility Market Segmentation
Analysis
New Zealand Micromobility Market Based on
Type
- E-scooters
- E-bikes
- E-mopeds
- E-pods
- Bikes
- Scooters
New Zealand Micromobility Market Based on
Model
- First- and Last-Mile
- Multimodal
New Zealand Micromobility Market Based on Sharing
System
New Zealand Micromobility Market Browse More
Related Reports
Global Micromobility Market - Across the globe, the
micromobility market is currently registering the highest growth in
the Asia-Pacific (APAC) region. In
this region, China is witnessing
the highest demand for bike sharing services.
Indonesia Micromobility Market - The larger share within
the sharing system segment of the Indonesian micromobility market
will be held by the dockless bifurcation in the years to come.
Japan Micromobility Market - In the coming years, the
larger share within the model segment of the Japanese micromobility
market will be held by the first- and last-mile bifurcation. To
travel between the home or office to mass transit hubs, such as bus
stops and metro stations, people either walk or take their personal
vehicles.
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