The New Zealand micromobility market is projected to be worth USD 2,395.1 million by 2030, growing at a CAGR of 64.3%.

The growth of the industry is fuelled by the affordable price and convenience of these solutions, favourable government regulations, and increasing need to reduce traffic congestion.

E-scooters has dominated among various vehicle types, this is because it has emerged as the preferred mode of transport for short distance in New Zealand.  In addition, one more reason for the development of micromobility market is the launching of e-scooters in the fleet which offer additional comfort over pedal assisted bikes.

Moreover, nowadays people want to move faster and more conveniently, because of this an increasing number of service providers are integrating e-scooters into their fleets which is also benefiting the market.

The dockless category is projected to experience the fastest growth in the New Zealand micromobility market during the forecast period. This is because of the rising number of companies adopting dockless vehicle system as it requires less capital than a docked sharing system.

Additionally, users also find dockless sharing system attracting due to they are cost savings and convenient, some of the features, such as, parking flexibility, are boosting the demand for dockless micromobility options.

The increase in micromobility startups led by the surging demand for last mile connectivity in urban areas. These startups are seeking funds to expand their businesses and compete in the market. Prominent venture capitalists and automotive original equipment manufacturers (OEMs) have recognized the potential of micromobility and have provided significant funding to these startups. As a result, companies’ competition and the launching of the new services to meet the last-mile connectivity demands of consumers.

The growth of the micromobility market in New Zealand has been significant, this is due to the high availability, cost effective and convenient functioning of the services. Moreover, every consumer thinks of cost saving while adopting any service, with micromobility, they need not to buy any vehicles, pay for insurance, bear maintenance, charging, refuelling, parking and any other expenses. This also saves travel time due to its compact and swift nature. Users can also operate from their mobile phone with ease and easily locate, book their preferred micromobility vehicle.

Micromobility has been recognised by the New Zealand government as a practical substitute for conventional intra-city transport networks, particularly during rush hours. The government has promoted the incorporation of micromobility solutions into the transportation ecosystem because it recognises their potential to relieve traffic congestion and have a smaller negative environmental impact. The micromobility market is growing as a result of this support.

The New Zealand micromobility market is witnessing rapid growth driven by the key factors such as affordability, convenience, and government support. E-scooters have become the go-to choose for short-distance travel, while dockless systems offer flexibility and cost effective.

Source: P&S Intelligence