Moped-sharing - ASEAN | Statista Market Forecast

The Moped-sharing market in ASEAN is expected to experience significant growth in the coming years.
According to projections, the revenue in this market is estimated to reach US$87.63m in 2024.
This growth is expected to continue with an annual growth rate of 7.63% between 2024 and 2029, resulting in a projected market volume of US$126.50m by 2029.
Furthermore, the number of users in the Moped-sharing market is anticipated to reach 2.71m users by 2029.
This indicates a steady increase in user penetration, which is projected to be 0.3% in 2024 and 0.4% by 2029.
The average revenue per user (ARPU) is expected to amount to US$43.11, indicating a promising potential for revenue generation in this market.
The Moped-sharing market is an online-only market.
When comparing the Moped-sharing market globally, it is noteworthy that India is expected to generate the highest revenue, with an estimated US$700m in 2024.
Moped-sharing services are gaining popularity in Indonesia, with an increasing number of users opting for convenient and affordable transportation options.

Definition:

The Moped-sharing market covers the growing industry of shared moped services, where individuals can rent mopeds for short periods of time. Moped-sharing services typically operate through mobile applications, allowing users to locate nearby mopeds, unlock them using a digital interface, and pay for their usage. To use the service, customers are required to open an account with the moped-sharing provider. Providers normally offer dockless services, so it is possible to find mopeds everywhere within the provider’s business zone and to leave the mopeds 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 Moped-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 Moped-sharing services
App-based services such as Cooltra, felyx, Revel, and Yulu

Private moped usage
Multi-day moped rentals
Peer-to-peer moped reservations
E-Scooter-sharing and other forms of micro-mobility

The Moped-sharing market in ASEAN is experiencing rapid growth and development.

Customer preferences: Customers in ASEAN countries are increasingly turning to moped-sharing services as a convenient and affordable mode of transportation. The popularity of these services can be attributed to several factors. Firstly, the high population density in many ASEAN cities makes it challenging for individuals to own and park their own vehicles. Moped-sharing services provide a flexible alternative that allows users to easily navigate through traffic and find parking spaces. Secondly, the relatively low cost of moped-sharing compared to traditional transportation options such as taxis or ride-hailing services makes it an attractive choice for budget-conscious customers. Additionally, the ease of use and accessibility of moped-sharing platforms through mobile applications has also contributed to their popularity among tech-savvy customers.

Trends in the market: One of the key trends in the Moped-sharing market in ASEAN is the increasing number of players entering the market. Both local and international companies are recognizing the potential of the market and are launching their own moped-sharing services. This has led to intense competition, with companies offering attractive promotions and discounts to attract customers. Another trend is the expansion of moped-sharing services beyond major cities. As the market matures, companies are expanding their operations to secondary cities and even rural areas, tapping into previously untapped customer segments. This expansion is supported by the improving infrastructure and connectivity in these areas.

Local special circumstances: Each ASEAN country has its own unique set of circumstances that influence the development of the moped-sharing market. For example, in countries like Indonesia and Vietnam where motorcycles are a popular mode of transportation, the market for moped-sharing services is already well-established. In these countries, the challenge lies in managing the high demand and ensuring the availability of sufficient fleet sizes. On the other hand, in countries like Singapore where private vehicle ownership is relatively low, moped-sharing services provide an alternative to public transportation for short-distance travel. In these countries, the challenge lies in building awareness and changing consumer behavior towards adopting moped-sharing services.

Underlying macroeconomic factors: The growth of the moped-sharing market in ASEAN is also influenced by underlying macroeconomic factors. Rising urbanization and a growing middle class in the region have led to increased demand for efficient and affordable transportation options. Additionally, the increasing penetration of smartphones and internet connectivity has made it easier for customers to access and use moped-sharing services. The supportive regulatory environment in many ASEAN countries, with governments recognizing the benefits of shared mobility and implementing policies to encourage its growth, has also played a role in the development of the market. In conclusion, the Moped-sharing market in ASEAN is experiencing significant growth and development due to customer preferences for convenient and affordable transportation options, the increasing number of players entering the market, local special circumstances in each country, and underlying macroeconomic factors such as urbanization and supportive regulatory environments. As the market continues to evolve, it is expected that moped-sharing services will become even more widespread and accessible to customers across the ASEAN region.

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.

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