Key regions: Germany, Europe, India, Indonesia, United States
The Moped-sharing market in BRICS is experiencing significant growth and development.
Customer preferences: Customers in BRICS countries are increasingly opting for moped-sharing services due to their convenience, affordability, and eco-friendly nature. Mopeds offer a flexible mode of transportation, especially for short distances, and are particularly popular among urban dwellers who need to navigate through heavy traffic. Additionally, the low cost of renting a moped compared to owning a vehicle makes it an attractive option for budget-conscious consumers. The rising awareness about environmental sustainability is also driving the demand for moped-sharing services, as they produce fewer emissions compared to traditional vehicles.
Trends in the market: One of the key trends in the moped-sharing market in BRICS countries is the 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, with companies offering additional features such as GPS tracking, mobile app integration, and multiple payment options to attract customers. Moreover, partnerships with ride-hailing platforms and integration with existing transportation networks are becoming common, allowing users to seamlessly switch between different modes of transport.
Local special circumstances: Each BRICS country has its own unique set of circumstances that influence the development of the moped-sharing market. In Brazil, for example, the high population density in cities like Sao Paulo and Rio de Janeiro has created a need for efficient and affordable transportation options, making moped-sharing services particularly popular. In Russia, the severe traffic congestion in major cities like Moscow and St. Petersburg has led to increased demand for alternative modes of transport, including mopeds. India, with its rapidly growing urban population, is witnessing a surge in the moped-sharing market, driven by the need for last-mile connectivity and the increasing popularity of shared mobility services. China, being the world's largest market for electric vehicles, has a well-established moped-sharing market, with a strong emphasis on electric mopeds.
Underlying macroeconomic factors: The growth of the moped-sharing market in BRICS countries can be attributed to several macroeconomic factors. Firstly, the increasing urbanization and population growth in these countries have resulted in higher demand for transportation solutions. Additionally, rising disposable incomes and a growing middle class have made shared mobility services more affordable and accessible to a larger segment of the population. Furthermore, government initiatives promoting sustainable transportation and reducing air pollution have created a favorable regulatory environment for the moped-sharing market to thrive. Finally, advancements in technology, particularly in mobile applications and GPS tracking, have made it easier for customers to locate and rent mopeds, further fueling the market's growth. In conclusion, the moped-sharing market in BRICS countries is experiencing significant growth due to customer preferences for convenience, affordability, and eco-friendliness. The expansion of service providers, local special circumstances, and underlying macroeconomic factors are all contributing to the development of this market. As urbanization and population growth continue, along with the increasing focus on sustainability, the moped-sharing market in BRICS is expected to further expand and evolve in the coming years.
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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