Moped-sharing - Asia | Statista Market Forecast

The Moped-sharing market in Asia is projected to reach a revenue of 100% by 2024.
This market is expected to experience an annual growth rate of 9.73% (CAGR 2024-2029), resulting in a projected market volume of US$1.83bn by 2029.
By 2029, the number of users in the Moped-sharing market is expected to reach 40.74m users.
User penetration in this market is projected to be 0.6% in 2024 and increase to 0.9% by 2029.
The average revenue per user (ARPU) is expected to be US$41.21.
The Moped-sharing market is an online-only market.
When compared globally, India is expected to generate the highest revenue in the Moped-sharing market, amounting to US$700m100% in 2024.
Vietnam is experiencing a rapid growth in moped-sharing services, driven by its young population and congested urban areas.

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 Asia is experiencing significant growth and development.

Customer preferences: Customers in Asia are increasingly opting for Moped-sharing services due to their convenience, affordability, and flexibility. Mopeds are a popular mode of transportation in densely populated cities where traffic congestion is a major issue. The younger generation, in particular, is attracted to the ease of use and eco-friendliness of Moped-sharing services. Additionally, tourists and visitors to Asian cities are also embracing Moped-sharing as a convenient way to explore and navigate unfamiliar surroundings.

Trends in the market: One of the key trends in the Moped-sharing market in Asia is the rapid expansion of service providers. Both local startups and international companies are entering the market to capitalize on the growing demand. This has led to increased competition and innovation in the industry, with companies offering unique features such as GPS tracking, mobile app integration, and flexible pricing options. The market is also witnessing the introduction of electric mopeds, which are gaining popularity due to their lower environmental impact and cost savings.

Local special circumstances: Asia's unique urban landscape and transportation challenges contribute to the growth of the Moped-sharing market. Many Asian cities are characterized by high population density, limited parking spaces, and congested roads. Moped-sharing provides a practical solution for short-distance commuting and alleviates the burden on existing public transportation systems. Additionally, the relatively low cost of operating a Moped-sharing service makes it an attractive business opportunity for entrepreneurs in the region.

Underlying macroeconomic factors: Several macroeconomic factors are driving the development of the Moped-sharing market in Asia. Rising urbanization, population growth, and increasing disposable incomes are creating a larger customer base for Moped-sharing services. Moreover, the growing awareness and concern for environmental sustainability are prompting individuals to choose more eco-friendly modes of transportation. Government support and favorable regulations are also playing a crucial role in the expansion of the Moped-sharing market, as authorities recognize the potential of these services in reducing traffic congestion and air pollution. In conclusion, the Moped-sharing market in Asia is witnessing significant growth due to customer preferences for convenience and affordability, as well as the unique urban landscape and transportation challenges in the region. The market is characterized by increased competition, innovation, and the introduction of electric mopeds. The underlying macroeconomic factors such as urbanization, population growth, rising incomes, environmental concerns, and government support are driving the development of the market.

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.

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