Moped-sharing - Brazil | Statista Market Forecast

The Moped-sharing market in Brazil is projected to generate a revenue of US$1.86m in 2024.
It is expected to experience an annual growth rate (CAGR 2024-2029) of 4.62%, resulting in a projected market volume of US$2.33m by 2029.
By 2029, the number of users in the Moped-sharing market is expected to reach 67.33k users.
The user penetration rate is projected to be 0.0% in 2024 and 0.0% by 2029.
The average revenue per user (ARPU) is expected to be US$31.70.
The Moped-sharing market is an online-only market.
In global comparison, India is expected to generate the highest revenue in the Moped-sharing market, with US$700m in 2024.
The Moped-sharing market in Brazil is experiencing significant growth due to the country's high population density and increasing demand for affordable and convenient 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 Brazil has been experiencing significant growth in recent years.

Customer preferences: One of the main reasons for the growth of the Moped-sharing market in Brazil is the changing preferences of customers. With the increasing urbanization and traffic congestion in major cities like São Paulo and Rio de Janeiro, people are looking for more convenient and cost-effective transportation options. Moped-sharing provides a solution to this problem by offering a flexible and affordable mode of transportation for short-distance travel.

Trends in the market: The Moped-sharing market in Brazil is witnessing several trends that are driving its growth. Firstly, there is a growing trend of people opting for shared mobility solutions instead of owning a vehicle. This trend is fueled by factors such as rising vehicle ownership costs, limited parking space, and environmental concerns. Moped-sharing services provide a convenient and sustainable alternative to private vehicle ownership. Another trend in the market is the increasing adoption of electric mopeds. As the government and consumers become more conscious of environmental sustainability, there is a growing demand for electric vehicles. Electric mopeds offer a cleaner and greener mode of transportation, making them an attractive option for customers.

Local special circumstances: Brazil's unique geographical and demographic characteristics also contribute to the growth of the Moped-sharing market. The country has a large population, with a significant portion living in densely populated urban areas. This creates a high demand for efficient and affordable transportation options. Moped-sharing services cater to this demand by providing a convenient and cost-effective mode of transportation for short trips within the city.

Underlying macroeconomic factors: Several underlying macroeconomic factors have also played a role in the growth of the Moped-sharing market in Brazil. The country has experienced economic growth in recent years, leading to an increase in disposable income and consumer spending. This has made shared mobility services more accessible and affordable for a larger portion of the population. Furthermore, the government has been supportive of initiatives aimed at reducing traffic congestion and promoting sustainable transportation. This includes the implementation of bike lanes and the introduction of regulations to encourage the use of electric vehicles. These initiatives create a favorable environment for the growth of the Moped-sharing market. In conclusion, the Moped-sharing market in Brazil is growing due to changing customer preferences, trends in shared mobility, local special circumstances, and underlying macroeconomic factors. As urbanization and traffic congestion continue to increase, the demand for convenient and cost-effective transportation options is expected to drive further growth in 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.