Moped-sharing - Cambodia | Statista Market Forecast

The Moped-sharing market in Cambodia is expected to see a substantial increase in revenue.
By 2024, it is projected to reach US$33.55m.
Furthermore, the market is expected to exhibit a steady growth rate with a Compound Annual Growth Rate (CAGR) of 7.88% from 2024 to 2029.
This growth is estimated to result in a market volume of US$49.03m by 2029.
In terms of user base, the number of users in the Moped-sharing market is anticipated to reach 486.70k users by 2029.
The user penetration rate is also expected to increase during this period.
In 2024, the user penetration rate is projected to be 2.1%, and it is expected to rise to 2.7% by 2029.
The average revenue per user (ARPU) is estimated to be US$92.07.
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.
In 2024, India is projected to generate US$700m.
Cambodia's Moped-sharing market is seeing a rise in popularity, with an increasing number of locals and tourists opting for this convenient and affordable mode of transportation.

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 Cambodia has been experiencing significant growth in recent years.

Customer preferences: One of the main reasons for the development of the Moped-sharing market in Cambodia is the increasing preference for convenient and affordable transportation options. With the rapid urbanization and population growth in major cities like Phnom Penh, there is a growing demand for efficient and flexible transportation solutions. Moped-sharing services offer a convenient way for people to travel short distances, especially in congested urban areas where traffic can be a major issue. Additionally, the affordability of Moped-sharing services makes them an attractive option for many Cambodians who are looking for cost-effective transportation alternatives.

Trends in the market: The Moped-sharing market in Cambodia is witnessing several trends that are driving its growth. Firstly, there has been a rise in the number of Moped-sharing companies entering the market, which has led to increased competition and improved service quality. This competition has resulted in better pricing options and improved customer experience, making Moped-sharing an increasingly popular choice among Cambodians. Another trend in the market is the integration of technology in Moped-sharing services. Many companies are leveraging mobile applications and GPS technology to provide users with a seamless and convenient experience. Users can easily locate and unlock available Mopeds using their smartphones, and payment is also done electronically through these apps. This technological integration has made Moped-sharing more accessible and user-friendly, contributing to its growing popularity.

Local special circumstances: Cambodia's unique geographical and cultural factors have also contributed to the development of the Moped-sharing market. The country has a large young population, and Moped-sharing services are particularly popular among the younger generation who are more open to adopting new technologies and embracing alternative transportation options. Additionally, Cambodia's warm climate and relatively flat terrain make it ideal for Moped-sharing, as it allows for easy and comfortable travel throughout the year.

Underlying macroeconomic factors: The growth of the Moped-sharing market in Cambodia can also be attributed to underlying macroeconomic factors. The country has experienced sustained economic growth in recent years, leading to an increase in disposable income and a rising middle class. This has resulted in higher spending power among Cambodians, enabling them to afford the convenience and flexibility offered by Moped-sharing services. Furthermore, the government's support for the development of the transportation sector has played a crucial role in the growth of the Moped-sharing market. The government has implemented policies and regulations to promote sustainable and efficient transportation options, including Moped-sharing. This support has created a favorable environment for Moped-sharing companies to operate and expand their services in Cambodia. In conclusion, the Moped-sharing market in Cambodia is witnessing significant growth due to customer preferences for convenient and affordable transportation options, the integration of technology in Moped-sharing services, local special circumstances such as the country's geography and demographics, and underlying macroeconomic factors such as economic growth and government support. As these trends continue to shape the market, it is expected that the Moped-sharing industry in Cambodia will continue to flourish 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.

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