South Korea Micro Mobility Market Research Report By Application (Commercial, Private), By Type (Bicycles, Shared bicycles, Electric Scooters, Electric skateboards, Weight capacity, Up to 100 kg, Between 100-250 kg, Above 250 kg) and By End-Users (State and national authority, Micro mobility services, Investors /shareholders, Research organizations, Government associations)- Forecast to 2035

South Korea Micro Mobility Market Overview:

As per MRFR analysis, the South Korea Micro Mobility Market Size was estimated at 3.54 (USD Billion) in 2024. The South Korea Micro Mobility Market Industry is expected to grow from 4.2 (USD Billion) in 2025 to 18 (USD Billion) by 2035. The South Korea Micro Mobility Market CAGR (growth rate) is expected to be around 14.145% during the forecast period (2025 - 2035).

Key South Korea Micro Mobility Market Trends Highlighted

The South Korea Micro Mobility Market is experiencing significant market trends driven by urbanization, technological advancements, and a push for eco-friendly transportation solutions. As cities become more densely populated, South Koreans are increasingly seeking efficient ways to navigate urban environments. The government has been supportive of this shift, rolling out initiatives to promote smart mobility through investments in infrastructure and technology. The integration of electric scooters and bicycles into public transport systems showcases a growing acceptance of micro-mobility options, encouraging users to adopt this form of travel.

Opportunities exist in developing tailored micro-mobility solutions, especially for short-distance travel and last-mile connectivity in densely populated urban areas like Seoul. Companies can explore partnerships with local governments and transport agencies to create multi-modal transportation options that improve the accessibility and usability of micro-mobility vehicles. Recent trends highlight a shift towards shared micro-mobility services, with companies launching e-scooters and bike-sharing schemes that appeal to environmentally conscious consumers looking for convenient travel options. The rise of mobile apps facilitating easy access to these services has boosted user engagement.

Mobility-as-a-Service (MaaS) is gaining traction, enabling seamless experiences for users as they navigate through urban settings. Additionally, there is a growing interest in electric and sustainable transportation options among consumers, partly due to government incentives aimed at reducing carbon emissions. Overall, the South Korea Micro Mobility Market is poised for growth as it adapts to the evolving preferences of urban commuters and embraces technological innovations.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

South Korea Micro Mobility Market Drivers

Urbanization and Increased Traffic Congestion

South Korea is experiencing rapid urbanization, with approximately 82% of its population living in urban areas as per the South Korean government statistics. This urban population density contributes to significant traffic congestion, particularly in cities like Seoul. According to the 2021 Transportation Survey conducted by the Ministry of Land, Infrastructure, and Transport, congested road networks in major metropolitan areas have increased by 15% over the past five years, thereby prompting a growing demand for alternative transportation solutions.

This trend creates immense opportunities for the South Korea Micro Mobility Market Industry as individuals seek more efficient, convenient, and environmentally friendly ways to navigate congested urban environments. Moreover, leading micromobility providers such as Kakao Mobility and Lime are investing heavily in local partnerships to expand their presence in South Korea, illustrating the industry’s response to this pressing need.

Government Initiatives and Regulatory Support

The South Korean government has been proactive in supporting the development of micro-mobility options as a part of its broader environmental sustainability goals. In recent policy initiatives, funding and guidelines have been established to encourage the adoption of electric scooters and bicycles. The South Korea Ministry of Environment aims to reduce carbon emissions by 30% by 2025, which aligns with the rise of micro-mobility solutions that offer zero-emission alternatives.

The growing recognition of shared mobility platforms by regulatory bodies enhances the industry's growth potential and encourages startups to innovate. Major players like Tago Mobility have benefited from government grants aimed at developing electric vehicle infrastructure, leading to a more robust South Korea Micro Mobility Market Industry.

Technological Advancements in Electric Vehicles

Technological advancements in battery storage and electric vehicle (EV) technologies play a critical role in the expansion of the South Korea Micro Mobility Market Industry. Recent progress has resulted in batteries with a capacity increase of approximately 30% over the last five years, as reported by the Korea Energy Agency. This improvement allows electric scooters and bicycles to travel longer distances on a single charge, enhancing their practicality for users.

Established companies like Samsung SDI are investing heavily in research and development to explore new battery technologies, demonstrating the potential to further improve the performance of micro-mobility solutions. As these technological improvements continue, they will likely drive higher adoption rates in South Korea, where urban commuters are increasingly looking for efficient transportation alternatives.

South Korea Micro Mobility Market Segment Insights:

Micro Mobility Market Application Insights

The South Korea Micro Mobility Market showcases a diverse array of applications, primarily divided into Commercial and Private use, which play a pivotal role in the overall growth and acceptance of micro mobility solutions in urban areas. The growing emphasis on sustainable transportation options is propelling the demand for electric scooters, bikes, and other micro mobility vehicles, especially in densely populated cities like Seoul, which has been focusing on smart city initiatives. Commercial applications are becoming increasingly significant as businesses seek to leverage micro mobility solutions to enhance last-mile logistics and improve the efficiency of transportation networks.

This shift is partly driven by the increasing adoption of ride-sharing and Delivery Services, where micro mobility vehicles serve as convenient and environmentally friendly alternatives. The rise in e-commerce and the need for rapid delivery systems also underscore the importance of commercial micro mobility applications, facilitating quicker delivery times while reducing carbon footprints. Meanwhile, the private segment is witnessing growing popularity among individuals seeking cost-effective and convenient transportation means for their daily commutes.

With urban congestion being a persistent challenge, personal micro mobility vehicles offer a practical solution to navigate through traffic, thereby enhancing the quality of life for residents. This segment is particularly important in fostering a culture of sustainable transport, encouraging more individuals to consider electric scooters and bicycles as viable alternatives to traditional vehicles. As the South Korean government continues to support micro mobility through infrastructure investments and regulatory reforms, both Commercial and Private applications are expected to flourish, catering to an increasingly eco-conscious consumer base.

The South Korea Micro Mobility Market data reflects a clear shift towards embracing innovative transportation solutions. Thus, the advancement and expansion of these applications will largely contribute to the evolving landscape of the urban mobility framework, aligning with broader trends of sustainability and urban efficiency. Additionally, advancements in technology and increased connectivity through mobile applications further enhance the user experience and promote the seamless integration of micro mobility options into the existing transportation ecosystem.

This evolution denotes significant growth potential for both the Commercial and Private segments within the South Korea Micro Mobility Market industry as consumers increasingly seek flexibility, affordability, and sustainability in their transportation choices.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Micro Mobility Market Type Insights

The South Korea Micro Mobility Market is increasingly characterized by its diverse Type segmentation, which includes various transportation modes such as bicycles, shared bicycles, electric scooters, and electric skateboards. Bicycles and shared bicycles are gaining popularity due to rising environmental concerns and the government’s push for sustainable transportation solutions, contributing to the growing urban bike-sharing programs. Electric scooters have emerged as a convenient option for short-distance travel, resonating well with younger demographics looking for efficient commuting solutions.

Similarly, electric skateboards have carved out a niche market, particularly among urban youth seeking innovative and enjoyable ways to navigate city landscapes. Weight capacity plays an essential role in this market, addressing different user needs; options for up to 100 kg cater to a broad audience, while those between 100-250 kg provide solutions for heavier individuals or additional cargo, ensuring accessibility. Devices capable of supporting weights above 250 kg appeal primarily to commercial users or delivery services. This segmentation illustrates the evolution and growth potential of the South Korea Micro Mobility Market, driven by changing consumer behavior, increased urbanization, and supportive regulatory frameworks that encourage micro mobility adoption.

Micro Mobility Market End-User Insights

The South Korea Micro Mobility Market focuses significantly on its End-Users segment, which encompasses various stakeholders, including state and national authorities, micro mobility services, investors or shareholders, research organizations, and government associations. State and national authorities play a crucial role in shaping regulations and infrastructure support that promote the safe use of micro mobility options such as e-scooters and bikes. Micro mobility services are rapidly growing, addressing urban transportation challenges and providing eco-friendly alternatives.

Investors and shareholders foster innovation and development within the sector, recognizing the potential for substantial returns due to evolving consumer preferences and advancements in technology. Research organizations contribute valuable insights and data that inform both public policy and business strategies, ensuring a sustainable approach to urban mobility. Government associations are also pivotal in creating incentive programs and initiatives to further enhance the adoption of micro mobility solutions. Overall, this segment of the South Korea Micro Mobility Market illustrates a dynamic interplay among various players who collectively drive market growth, informed by an increasing demand for efficient and sustainable transportation modes.

South Korea Micro Mobility Market Key Players and Competitive Insights:

The South Korea Micro Mobility Market has witnessed significant growth and transformation due to the rising demand for sustainable transportation solutions and the increasing urbanization of metropolitan areas. The competitive landscape within this market is characterized by a variety of players, including startups and established companies, all vying for market share through innovative services and technologies. Factors such as government support for eco-friendly transportation initiatives and the expanding availability of electric scooters and bikes have further fueled this market's development. As urban congestion and pollution concerns rise, the demand for micro-mobility solutions has become more critical, creating a dynamic and competitive environment where companies strive to enhance customer experience, implement advanced technology, and expand their operational footprint.

Toss Mobility has emerged as a formidable competitor in the South Korea Micro Mobility Market, primarily recognized for its comprehensive range of services focusing on e-scooters and shared micro-mobility solutions. With strong brand recognition and a user-friendly app interface, Toss Mobility has successfully attracted a considerable user base. The company maintains a robust operational presence in key urban areas, which allows it to optimize logistics and cater to high-demand locations effectively. One of the notable strengths of Toss Mobility lies in its commitment to safety and user satisfaction, as evidenced by its regular maintenance of vehicles and prompt customer service response. The ability to adapt quickly to changing regulations and to form strategic partnerships has further solidified its position in the competitive landscape of South Korea.

WeMove stands out in the South Korea Micro Mobility Market by offering an extensive lineup of shared electric micro-mobility options, including scooters and bicycles, designed to enhance urban mobility. Positioned as a forward-thinking player, WeMove has focused on sustainability and has begun implementing eco-friendly practices and technologies in vehicle operations. The company has established a solid market presence, particularly in densely populated regions, where it has garnered positive user sentiment through reliable services and an intuitive mobile platform. Key strengths include its ability to innovate rapidly, with continuous enhancements to their product features, such as GPS tracking and seamless payment systems. WeMove has also engaged in strategic mergers and acquisitions to bolster its market position, aligning with other firms that complement or enhance its offerings, which further enhances its competitiveness in the South Korean micro-mobility sector.

Key Companies in the South Korea Micro Mobility Market Include:

• Toss Mobility


• WeMove


• Bashful


• RideNow


• Booma


• Kakao Mobility


• SK Telecom


• Qbike


• Grab


• Terra


• LG Uplus


• Didi Chuxing


• Hyundai Motor

South Korea Micro Mobility Market Industry Developments

Korea's micro mobility market has seen significant developments recently, reflecting an increasing interest in sustainable urban transportation. Diverse companies such as Toss Mobility, WeMove, Bashful, and Kakao Mobility are expanding their services, aligning with the government's push for eco-friendly transport solutions. SK Telecom has also launched innovative mobility platforms, while Hyundai Motor is investing in micro mobility solutions as part of its broader strategy to enhance urban mobility. A notable current affair involves Booma and RideNow, who are improving last-mile connectivity solutions in metropolitan areas. August 2023 marked the acquisition of Qbike by Didi Chuxing, enhancing Didi's footprint in the local market. Additionally, LG Uplus has collaborated with tech firms to enhance network connectivity for micro mobility services. The market valuation for micro mobility services in South Korea has experienced growth fueled by increased investment and a rising consumer preference for alternative transport options. Noteworthy developments in the last two years include substantial government investment in infrastructure initiatives aimed at supporting growth in this sector, providing a robust foundation for future expansion and innovation.

Micro Mobility Market Segmentation Insights

Micro Mobility Market Application Outlook

• Commercial


• Private

Micro Mobility Market Type Outlook

• Bicycles


• Shared bicycles


• Electric Scooters


• Electric skateboards


• Weight capacity


• Up to 100 kg


• Between 100-250 kg


• Above 250 kg

Micro Mobility Market End-Users Outlook

• State and national authority


• Micro mobility services


• Investors /shareholders


• Research organizations


• Government associations

Report Attribute/Metric Source:	Details
MARKET SIZE 2023	3.54 (USD Billion)
MARKET SIZE 2024	4.2 (USD Billion)
MARKET SIZE 2035	18.0 (USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	14.145% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Toss Mobility, WeMove, Bashful, RideNow, Booma, Kakao Mobility, SK Telecom, Qbike, Grab, Terra, LG Uplus, Didi Chuxing, Hyundai Motor
SEGMENTS COVERED	Application, Type, End-Users
KEY MARKET OPPORTUNITIES	Sustainable urban transport solutions, Integration with public transport systems, Fleet management technology advancements, Increasing demand for eco-friendly commutes, Expanding urban population and congestion
KEY MARKET DYNAMICS	urbanization trends, regulatory frameworks, technological advancements, environmental sustainability, consumer preference shifts
COUNTRIES COVERED	South Korea