Key regions: Germany, Europe, India, Indonesia, United States
The Moped-sharing market in Central & Western Europe is experiencing significant growth and development.
Customer preferences: Customers in Central & Western Europe are increasingly turning to moped-sharing services due to their convenience, affordability, and environmental benefits. Moped-sharing allows customers to easily navigate through congested urban areas and avoid the hassle of finding parking spaces. Additionally, the cost of using a moped-sharing service is often much lower than owning and maintaining a personal moped or car. Furthermore, the growing awareness of the environmental impact of traditional transportation methods has led customers to choose more sustainable alternatives like moped-sharing.
Trends in the market: One of the key trends in the moped-sharing market in Central & Western Europe is the expansion of service providers. Several established companies, as well as startups, are entering the market to capitalize on the growing demand for shared mobility. These companies are not only expanding their presence in major cities but also targeting smaller towns and rural areas, where there is a lack of public transportation options. This trend is driven by the increasing adoption of smartphones and the ease of accessing and using moped-sharing apps. Another trend in the market is the integration of electric mopeds into the sharing services. Electric mopeds offer several advantages over traditional gasoline-powered mopeds, including lower operating costs and reduced emissions. This trend aligns with the region's focus on sustainability and the transition towards cleaner transportation options. As a result, service providers are increasingly incorporating electric mopeds into their fleets to attract environmentally-conscious customers.
Local special circumstances: Central & Western Europe is known for its well-developed transportation infrastructure, which includes extensive public transportation networks. However, there are still areas where public transportation options are limited, especially in rural regions. In such areas, moped-sharing services fill the transportation gap by providing a flexible and affordable mode of transportation. Additionally, the high population density in major cities of Central & Western Europe contributes to the success of moped-sharing services, as it allows for a large customer base and high demand.
Underlying macroeconomic factors: The growth of the moped-sharing market in Central & Western Europe is influenced by several macroeconomic factors. Firstly, the region's strong economic growth has resulted in increased disposable income, allowing more individuals to afford the cost of using moped-sharing services. Secondly, the high level of urbanization in Central & Western Europe has led to increased congestion and traffic, making moped-sharing an attractive alternative for commuting. Finally, the supportive regulatory environment and government incentives for sustainable transportation options have further encouraged the development and adoption of moped-sharing services. In conclusion, the moped-sharing market in Central & Western Europe is thriving due to customer preferences for convenience, affordability, and sustainability. The expansion of service providers, the integration of electric mopeds, and the unique local circumstances contribute to the market's growth. Moreover, underlying macroeconomic factors such as economic growth, urbanization, and supportive regulations play a significant role in shaping the market dynamics.
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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