Moped-sharing - Bolivia | Statista Market Forecast

The Moped-sharing market in Bolivia is expected to generate a revenue of US$3.42m by 2024.
This revenue is projected to grow at an annual growth rate of 5.04% (CAGR 2024-2029), resulting in a market volume of US$4.38m by 2029.
Additionally, the number of users in the Moped-sharing market is expected to reach 125.30k users by 2029.
The user penetration rate is projected to be 0.8% in 2024 and increase to 0.9% by 2029.
Furthermore, the average revenue per user (ARPU) is expected to be US$33.17.
The Moped-sharing market is an online-only market.
In a global comparison, India is expected to generate the highest revenue in the Moped-sharing market, reaching US$700m by 2024.
Moped-sharing services in Bolivia are gaining popularity among urban commuters, providing a cost-effective and convenient transportation solution.

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 Bolivia is experiencing significant growth and development. Customer preferences are shifting towards more sustainable and cost-effective transportation options, leading to an increased demand for moped-sharing services. Additionally, local special circumstances and underlying macroeconomic factors are contributing to the expansion of the market.

Customer preferences: Bolivian customers are increasingly seeking convenient and affordable transportation options. Moped-sharing services provide a flexible and cost-effective solution for short-distance travel within cities. With the rising awareness of environmental sustainability, customers are also attracted to the eco-friendly nature of moped-sharing, as it helps reduce carbon emissions and congestion on the roads. Furthermore, the ease of access and user-friendly mobile applications make it convenient for customers to locate and rent mopeds, further driving the demand for these services.

Trends in the market: The moped-sharing market in Bolivia is witnessing several trends that are shaping its growth. Firstly, there is a growing number of moped-sharing companies entering the market, leading to increased competition. This competition is driving innovation and improvements in service quality, as companies strive to differentiate themselves and attract more customers. Additionally, companies are expanding their fleet of mopeds to meet the rising demand and ensure availability for customers at all times. Another trend in the market is the integration of technology into moped-sharing services. Mobile applications are being developed to streamline the rental process, allowing customers to easily locate and unlock mopeds using their smartphones. This technological integration enhances the overall user experience and encourages more people to opt for moped-sharing as a convenient mode of transportation.

Local special circumstances: Bolivia's geography and urban landscape contribute to the growth of the moped-sharing market. The country has a high population density in urban areas, leading to increased traffic congestion and limited parking spaces. Moped-sharing offers a practical solution to these challenges, as mopeds are smaller in size and easier to maneuver in crowded streets. Furthermore, the relatively low-income levels in Bolivia make moped-sharing an attractive option for those who cannot afford to own a private vehicle.

Underlying macroeconomic factors: The macroeconomic factors in Bolivia are also playing a role in the development of the moped-sharing market. The country is experiencing economic growth, which has resulted in an expanding middle class with higher disposable incomes. This increase in purchasing power allows more people to afford transportation services such as moped-sharing. Additionally, the government's focus on sustainable development and reducing carbon emissions aligns with the eco-friendly nature of moped-sharing, further supporting its growth. In conclusion, the moped-sharing market in Bolivia is witnessing significant growth due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The demand for convenient and sustainable transportation options, coupled with technological advancements and the country's urban landscape, has created a favorable environment for the expansion of moped-sharing services. As the market continues to evolve, it is expected that more companies will enter the market, further driving competition and innovation.

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.