E-Scooter-sharing - Malta | Statista Market Forecast

Malta is expected to see a significant increase in revenue in the E-Scooter-sharing market, with a projected amount of US$209.30k by 2024.
The market is predicted to experience an annual growth rate of 5.88% from 2024 to 2029, resulting in a projected market volume of US$278.50k by 2029.
The number of users is also expected to increase to 15.75k users by 2029, with a user penetration rate of 2.5% in 2024 and 2.9% by 2029.
The average revenue per user (ARPU) is estimated to be US$15.55.
By 2029, 100% of the total revenue in the E-Scooter-sharing market in Malta is expected to be generated through online sales.
In comparison to other countries, United States is projected to generate the most revenue in this market, with an estimated amount of US$730m in 2024.
Malta's E-Scooter-sharing market is gaining popularity among tourists and locals, offering a convenient and eco-friendly way to explore the island's historic landmarks.

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 Malta has been experiencing significant growth in recent years.

Customer preferences: Customers in Malta are increasingly opting for e-scooter sharing services due to their convenience and affordability. With the rise of urbanization and increasing traffic congestion in major cities, many people are looking for alternative modes of transportation that are efficient and eco-friendly. E-scooters provide a convenient solution for short-distance travel, allowing users to easily navigate through crowded streets and reach their destinations quickly. Additionally, the low cost of renting an e-scooter compared to owning a personal vehicle or using other forms of public transportation makes it an attractive option for many residents and tourists in Malta.

Trends in the market: One of the key trends in the e-scooter-sharing market in Malta is the expansion of services to cover a larger geographic area. Initially, e-scooter-sharing companies focused on major cities and tourist hotspots, but they have now started expanding their operations to suburban areas and smaller towns. This expansion is driven by the increasing demand for e-scooters in these areas, as well as the desire of companies to capture a larger market share. As a result, more people in Malta now have access to e-scooter-sharing services, which further contributes to the growth of the market. Another trend in the market is the integration of e-scooter-sharing services with existing transportation networks. In Malta, e-scooter-sharing companies have formed partnerships with public transportation authorities, allowing users to seamlessly switch between different modes of transportation. This integration not only enhances the overall travel experience for users but also encourages more people to use e-scooters as a convenient and sustainable mode of transportation. Furthermore, the availability of e-scooters near public transportation hubs makes it easier for commuters to complete the last mile of their journey.

Local special circumstances: Malta's compact size and well-connected road network make it an ideal market for e-scooter sharing. The small size of the country means that e-scooters can cover relatively long distances without the need for frequent charging. Additionally, Malta's warm climate and pleasant weather conditions throughout most of the year make e-scooter riding an enjoyable experience for users. These factors contribute to the high demand for e-scooter-sharing services in Malta.

Underlying macroeconomic factors: The growth of the e-scooter-sharing market in Malta is also influenced by underlying macroeconomic factors. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending. This has made e-scooter sharing more affordable and accessible to a larger segment of the population. Furthermore, the government of Malta has been supportive of sustainable transportation initiatives, including e-scooter sharing. This support includes the provision of dedicated infrastructure for e-scooters and the implementation of regulations to ensure the safety of riders and pedestrians. The combination of favorable economic conditions and government support has created a conducive environment for the development of the e-scooter-sharing market in Malta.

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.

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