Key regions: China, Germany, Thailand, Saudi Arabia, India
The E-Scooter-sharing market in Singapore has been experiencing significant growth and development in recent years.
Customer preferences: Customers in Singapore have shown a strong preference for convenience and eco-friendly transportation options. E-Scooter-sharing services provide a convenient and efficient way for people to travel short distances, especially in urban areas with heavy traffic. The ease of accessing and using e-scooters through mobile applications has also made them popular among tech-savvy customers.
Trends in the market: One of the key trends in the E-Scooter-sharing market in Singapore is the increasing number of service providers. Several local and international companies have entered the market, offering a wide range of options for customers to choose from. This competition has led to innovation in terms of pricing models, features, and customer experience. Another trend is the integration of E-Scooter-sharing services with other modes of transportation. Some companies have partnered with public transportation authorities to offer seamless connectivity for commuters. This integration allows customers to easily switch between different modes of transportation, enhancing the overall travel experience.
Local special circumstances: Singapore's compact size and excellent infrastructure make it an ideal market for E-Scooter-sharing services. The city-state has a well-connected network of roads and dedicated cycling paths, which provide a safe and convenient environment for e-scooter riders. Additionally, the government's support for sustainable transportation initiatives has created a favorable regulatory environment for E-Scooter-sharing companies.
Underlying macroeconomic factors: The growth of the E-Scooter-sharing market in Singapore is also driven by underlying macroeconomic factors. The city-state has a high population density and a large number of tech-savvy individuals who are open to adopting new technologies. Singapore's strong economy and high disposable income levels also contribute to the demand for convenient and efficient transportation options. In conclusion, the E-Scooter-sharing market in Singapore is developing rapidly due to customer preferences for convenience and eco-friendly transportation, the increasing number of service providers, the integration with other modes of transportation, the city-state's favorable infrastructure and regulatory environment, and underlying macroeconomic factors. This market is expected to continue growing as more customers embrace the benefits of E-Scooter-sharing services.
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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