The Booming Micromobility Revolution: Exploring the New Zealand Market

1. New Zealand Micromobility Market: Size, Share, Growth, Development and Demand Forecast to 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved

2. The New Zealand micromobility market is experiencing growth and is projected to reach USD 2,395.1 million by 2030, growing at a CAGR of 64.3% during the forecast period (2021–2030). This growth can be ascribed to the low cost and suitability of these solutions, supportive government guidelines, and increasing requirements to lessen traffic congestion. On the basis of vehicle type, in New Zealand in the micro-mobility industry, the electric-scooters have become the favored means of transportation for a short commute, because of this the category is projected to lead the industry in the coming few years. One of the main growths in the micro-mobility industry is the presence of e- scooters in the fleet due to the added comfort they provide in comparison to pedal-aided bikes. Because of the wish of individuals to move quicker and more suitably, a growing count of service providers is integrating electric scooters into their fleets, which is advancing the industry in this category. To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/new-zealand- micromobility-market/report-sample In the coming few years, the dockless category is all set to witness faster development in the New Zealand micro-mobility market, on the basis of sharing system. This can be credited to the increasing count of businesses choosing the dockless vehicle-sharing idea as it needs less money in comparison to the docked-sharing system. Moreover, even operators find dockless sharing systems more appealing because of their cost-effectiveness and suitable features, like higher parking flexibility. In the past few years, the count of micro-mobility startups has been experiencing an increase, credited to the uplifting demand for last-mile connectivity, mainly in city areas. The startups are concentrating more on getting investments to increase their operations. In the past few years, several protuberant venture capitalists and automotive OEMs have backed such startups, which has started more-penetrating competition in the industry and the launch of new services to meet the last-mile connectivity needs of customers. Some of the most-substantial startups that have got enormous capital are Neuron Mobility Pte. Ltd., Lime, Beam Mobility Holdings Pte. Ltd., and Onzo. Similarly, some of the key companies that have made funding in micro-mobility startups are Bain Capital Ventures, Eneco Group, Sequoia Capital India, Alphabet 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved

3. Inc, and GSR Ventures. The development of the micro-mobility industry in New Zealand has been augmented because of the reduced cost, better availability, and ease of working on the services. Inquire before purchase@ https://www.psmarketresearch.com/send- enquiry?enquiry-url=new-zealand-micromobility-market The most-vital condition for choosing a service for a customer is price. Micromobility is an affordable travel option, which has enticed travelers to try it. With micro-mobility, operators do not need to take the hassle of purchasing a vehicle and bearing vehicle insurance, maintenance, parking, charging/refueling, and other expenditures. Hence, the low cost and suitability of these solutions, supportive government guidelines, and increasing requirements to lessen traffic congestion are the major factors propelling the New Zealand micro-mobility market. The research offers market size of the New Zealand micromobility market for the period 2019– 2030. Market Segmentation by Type E-scooters E-bikes E-mopeds E-pods Bikes Scooters Market Segmentation by Model First- and Last-Mile Multimodal Market Segmentation by Sharing System Docked Dockless • • • • • • • • • • 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved

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