Report: Major OEMs Investing in Micro-Mobility Products
May 8, 2013—Eight out of eleven major global original equipment manufacturers (OEMs) are focusing on the global mobility market, according to a new Frost & Sullivan report.
These solutions include products like electric vehicles (EVs), micro-mobility (electric bikes, cars without doors, and pod cars), integrated mobility, and services like carsharing and leasing.
"Key mainstream OEMs in the micro-mobility market have announced more than 111 models, of which nearly 50 percent are expected to be production-ready by 2015–2016," said Shwetha Surender, Frost & Sullivan Automotive & Transportation senior research analyst. "All key global OEMs are aggressive on the two-wheel micro-mobility market."
Five of the OEMs are expected to invest approximately $40 million each to develop micro-mobility solutions and the market is expected to grow at an annual growth rate of 55 percent by 2018.
According to the report, nine global OEMs are expected to launch 20 new microcar models by 2020.