E-Scooter-sharing - Dominican Republic

The E-Scooter-sharing market is anticipated to witness a significant growth in the Dominican Republic, with revenue projected to reach US$46.02k by 2024.
Furthermore, an annual growth rate (CAGR 2024-2029) of 7.61% is expected, leading to a projected market volume of US$66.40k by 2029.
The number of users in this market is also expected to increase and reach 3.12k users by 2029, with a projected user penetration of 0.0% in 2024 and 0.0% by 2029.
It is estimated that the average revenue per user (ARPU) will be US$18.04.
By 2029, approximately 100% of the total revenue generated in the E-Scooter-sharing market is expected to be through online sales.
In comparison to other countries, United States is projected to generate the most revenue in this market, with an estimated revenue of US$730m in 2024.
E-Scooter-sharing is gaining popularity in the Dominican Republic as a convenient and eco-friendly mode of transportation in urban areas.

Definition:

The E-Scooter-sharing market comprises e-scooter-sharing services that provide short-term rentals of electric motorized scooters (stand-up scooters). In e-scooter-sharing, scooters are generally owned by an e-scooter-sharing provider and can be reserved independently by customers around the clock. Customers are required to open an account with the e-scooter-sharing provider and can then reserve the vehicles, typically with a smartphone app. Providers normally offer dockless services, so it is possible to find e-scooters everywhere within the provider’s business zone, e.g., on sidewalks, and to leave the scooters anywhere in accordance with traffic regulations. Moped-sharing services are not available in all countries; thus, only a limited number of countries and regions can be selected.

Additional Information:

The main performance indicators of the E-Scooter-sharing market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the mentioned market. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year.

The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.

For further information on the data displayed, refer to the info button right next to each box.

Free-floating e-scooter-sharing services
Services such as Lime, Tier, Bird, and Movo

Private e-scooter usage
Multi-day e-scooter rentals
Peer-to-peer e-scooter reservations
Bike sharing and other forms of micro-mobility

The E-Scooter-sharing market in Dominican Republic has experienced significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the E-Scooter-sharing market in Dominican Republic have shifted towards more sustainable and convenient modes of transportation. With increasing concerns about climate change and the need for eco-friendly transportation options, customers are opting for electric scooters as a greener alternative to traditional modes of transportation. Additionally, the convenience of E-Scooter-sharing services, which allow users to easily rent and drop off scooters at various locations, has also contributed to the growing popularity of this market. Trends in the E-Scooter-sharing market in Dominican Republic reflect global and regional developments. One major trend is the rise of micro-mobility solutions, which provide short-distance transportation options for urban areas. E-Scooter-sharing services align with this trend by offering a cost-effective and efficient mode of transportation for short trips. Furthermore, the integration of E-Scooter-sharing services with smartphone applications has made it easier for customers to locate and rent scooters, further driving the growth of the market. Local special circumstances in Dominican Republic have also played a role in the development of the E-Scooter-sharing market. The country's urban areas, such as Santo Domingo and Santiago, face challenges related to traffic congestion and limited parking spaces. E-Scooter-sharing services provide a solution to these issues by offering a flexible and convenient mode of transportation that can navigate through congested areas and be easily parked. This has made E-Scooter-sharing particularly attractive to urban residents and commuters. Underlying macroeconomic factors have also contributed to the growth of the E-Scooter-sharing market in Dominican Republic. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending. This has created a favorable environment for the adoption of new transportation services, including E-Scooter-sharing. Additionally, the government has shown support for sustainable transportation initiatives, which has further encouraged the growth of the market. In conclusion, the E-Scooter-sharing market in Dominican Republic is developing rapidly due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. As customers increasingly prioritize sustainability and convenience, E-Scooter-sharing services provide an attractive solution for short-distance transportation needs. The integration of smartphone applications and the support of the government have also contributed to the growth of this market.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings and revenues of e-scooter-sharing services.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.