Micro Mobility Market Analysis

In-depth Analysis of Micro Mobility Market Industry Landscape

E-Bikes: Riding High on Tourists' Preferences The tourism industry is on a constant rise, becoming one of the fastest-growing economic sectors globally. Modern tourism is closely connected to development and involves exploring new destinations. This relationship has made tourism a key driver for the growth of the automotive industry. As transportation projects expand in emerging nations, they are expected to create more logistics opportunities and boost the demand for commercial and passenger vehicles in the Asia Pacific region. E-bikes offer a unique experience, allowing cyclists to enjoy the fresh air and countryside without breaking a sweat. Riding an e-bike is often less tiring than using a traditional bicycle, making it a comfortable option for many. This comfort in riding has led to a widespread adoption of e-bikes as people seek a more effortless way to travel. As the demand for e-bikes continues to rise, it is expected to drive the growth of the global e-bicycle market. Among the favorite vacation spots, Europe attracts millions of tourists every year. With this influx, there's a growing need for personal transportation. E-bikes have become increasingly popular as a mode of transportation in Europe. According to the CONEBI (Europe Bicycle Association) and the German National Cyclists’ Association (ADFC), bicycle tourism in Germany saw a 16% increase in 2016 compared to 2015. In 2016, approximately 150 million day trips were made by tourists who specifically wanted to cycle. According to The World Tourism Organization (UNWTO), the Asia Pacific region experienced robust growth in 2016, with a 9% increase in international arrivals. In America, there was a 4% increase, led by Central America and South America. Europe showed a 3% increase, while Africa experienced a 5% rise. This surge in demand from the tourism sector is expected to drive the growth of the e-bike market in the coming years.