NZ micromobility ready to rocket

New Zealand’s micromobility sector revenue is expected to soar from $9.5 million in 2020 to $2.395 billion by 2030.

It is likely the future of transport alongside EV adoption, people’s efforts to reduce carbon emissions, and navigating a post-COVID world, Stuff reports.

“E-scooters have become the preferred means of transport for short distances,” PS Market Research says in its report outlining its expectation of micromobility having  a compound annual growth rate (CAGR) of 64.3% for the next nine years.

”Due to the desire of people to move faster and more conveniently, an increasing number of service providers are integrating e-scooters into their fleets, which is benefitting the market in this category,” PS Market Research says.

E-scooters are often used as first mile/last mile solutions in tandem with public and sometimes private transport, with New Zealand expected to import more e-scooters and e-bikes that new cars this year.

PS Market Research says the e-scooter offers “additional comfort” over pedal-assisted e-bikes, although both forms are being introduced in key cities by ride-hire providers such as Lime. Neuron, Beam and Onzo.

“With micromobility, users need not take the hassle of buying a vehicle and bearing vehicle maintenance, insurance, charging/refuelling, parking, and other expenses,” the report says.

“The pandemic has caused a surge in the popularity of micromobility, as, being self-driven, the vehicles significantly reduce the risk of contracting the infection.

“Thus, people are expected to rely even more on micromobility for their daily mobility needs in the coming years.”