Urban Empowerment: Unleashing Micro-Mobility Benefits
For many years, bicycles have played a significant role in metropolitan mobility, but electric bicycles have only just come into the scene. In reality, during the past few years, people have also seen an increase in the use of skateboards, cargo bikes, and scooters, both privately owned and shared. This indicates that individual commuters are using personal transportation equipment that falls into this category more frequently and extensively in their daily urban commute. The development of the on-demand economy has had positive impacts on the travel and transport sector recently, especially in urban regions with expanding populations and more work prospects. An emphasis on smart city initiatives is another factor driving the growth of micro-mobility programs like shared bikes and scooters. According to a research report by Astute Analytica, the Global Micro-Mobility Market is growing at a compound annual growth rate (CAGR) of 15.3% over the projection period from 2023 to 20...