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Moped-sharing - APAC

APAC

The Moped-sharing market in APAC is projected to witness a substantial growth in revenue, with an estimated value of 100% in 2024.
This growth is expected to continue at a compound annual growth rate (CAGR) of 9.74% between 2024 and 2029, resulting in a projected market volume of US$1,830.00m by 2029.
By that time, the number of users in the Moped-sharing market is expected to reach 40.74m users.
User penetration, which refers to the percentage of the population using Moped-sharing market services, is projected to be 0.7% in 2024 and [userPenetrationMarketCurrentYear] by 2029.
This indicates that there is still significant untapped potential in the market.
The average revenue per user (ARPU) is expected to be US$41.21.
The Moped-sharing market is an online-only market.
In terms of geographical comparison, India is expected to generate the highest revenue in the Moped-sharing market, with US$700m100% in 2024.
The market offers lucrative opportunities for businesses operating in this market.
In Japan, the Moped-sharing market is booming due to the country's high population density and efficient transportation infrastructure.

Key regions: Germany, Europe, India, Indonesia, United States

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Currency

Analyst Opinion

The Moped-sharing market in APAC is experiencing significant growth and development.

Customer preferences: Customers in the APAC region are increasingly opting for moped-sharing services due to their convenience, affordability, and environmental benefits. Mopeds provide a flexible mode of transportation, particularly for short trips within urban areas. Additionally, the availability of mobile applications and seamless booking processes make it easy for customers to access and utilize these services.

Trends in the market: One of the key trends in the moped-sharing market in APAC is the rapid expansion of service providers. Numerous companies are entering the market, leading to increased competition and a wider range of options for customers. This trend is driven by the growing demand for alternative transportation solutions and the potential for profitability in the market. Another trend is the integration of electric mopeds into the sharing services. This shift towards electric vehicles is driven by the increasing focus on sustainability and reducing carbon emissions. Electric mopeds offer a cleaner and greener alternative to traditional gasoline-powered vehicles, aligning with the environmental priorities of both customers and governments in the region.

Local special circumstances: The unique characteristics of each country in APAC contribute to the development of the moped-sharing market. For example, densely populated cities with limited parking spaces, such as Tokyo and Singapore, create a high demand for convenient and compact transportation options like mopeds. On the other hand, countries with large rural areas, such as Indonesia and Thailand, see moped-sharing as a cost-effective solution for short-distance travel.

Underlying macroeconomic factors: The economic growth and rising middle class in APAC countries play a significant role in the development of the moped-sharing market. As disposable incomes increase, more individuals can afford to use these services regularly. Additionally, the growing urbanization in the region leads to increased congestion and a need for efficient transportation options, further driving the demand for moped-sharing services. Furthermore, government initiatives and regulations also contribute to the growth of the market. Many countries in APAC are implementing policies to promote sustainable transportation and reduce traffic congestion. This includes providing incentives for electric vehicles and supporting the development of sharing economy platforms. Such supportive measures create a conducive environment for the moped-sharing market to thrive. In conclusion, the moped-sharing market in APAC is experiencing significant growth due to customer preferences for convenience and affordability, along with the increasing focus on sustainability. The rapid expansion of service providers, the integration of electric mopeds, and the unique circumstances of each country in the region contribute to the development of this market. Additionally, underlying macroeconomic factors such as economic growth and government initiatives further drive the demand for moped-sharing services in APAC.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings and revenues of moped-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.