An Insurance Business Magazine article.
The New Zealand micromobility market’s revenue is estimated to grow from $9.5 million in 2020 to $2.4 billion in 2030, representing a compound annual growth rate of 64.3%.
The rapid growth is being driven by the low cost and high convenience provided by these modes of transport, supportive government policies, and burgeoning demand for reducing traffic congestion in cities, a study by P&S Intelligence found.