Micromobility companies, such as scooter rents, increased urbanization and government -sponsored sustainability initiatives, are rapidly expanding. This growth created a profitable opportunity for market players to take advantage of it.
Scooter Rental Market Growth Accelerates as Urban Mobility Evolves
The global urban air mobility (UAM) market size is projected to grow from USD 3.8 billion in 2023 to USD 28.5 billion by 2032, at a CAGR of 33.5 percent during the forecast period 2024-2032 . Urban air mobility involves the use of air taxis and eVTOL aircraft to provide efficient and sustainable transport within cities.