The major factors driving the New Zealand micromobility market are the convenience and cost-effectiveness of these services, rising need to make the earth greener, and supportive government regulations for these transport solutions. As a result, the cumulative revenue garnered by the providers of these services in this island country will increase to $2,395.1 million by 2030 from $9.5 million in 2020, at a 64.3% CAGR during 2021–2030 (forecast period). These services are essentially provided on two-wheelers, mostly electric, which commuters drive themselves.
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| New Zealand Micromobility Market - P&S Intelligence |
E-scooters, e-mopeds, e-bikes, e-pods, scooters, and bikes are the categories of the type segment. Among these, the e-scooters category held the largest share in the New Zealand micromobility market in 2020 as these vehicles are immensely popular here. Compared to pedal-assist bikes, e-scooters are faster and more convenient as they save riders’ effort in propelling them forward. Due to the same reason, the scooters category will likely witness the fastest growth during the forecast period.
The biggest trend in the New Zealand micromobility market is investment in start-ups. Seeing the burgeoning demand for smoother connectivity within cities, many new companies are entering the country’s micromobility landscape. To establish their operations, they are raising significant investments from major capital firms, wooing them with their innovative business models. Moreover, even automakers and providers of conventional mobility services are funding these start-ups, in order to expand their own areas of operations.
