Moped-sharing - Eastern Asia | Statista Market Forecast

The Moped-sharing market in Eastern Asia is expected to reach a revenue of US$216.40m by 2024.
It is projected to exhibit a compound annual growth rate (CAGR 2024-2029) of 2.96%, resulting in a market volume of US$250.40m by 2029.
By 2029, the number of users in the Moped-sharing market is expected to reach 3.09m users.
The user penetration rate is projected to increase from 0.2% in 2024 to 0.2% by 2029.
The average revenue per user (ARPU) is expected to be US$75.59.
The Moped-sharing market is an online-only market.
In terms of global comparison, India is anticipated to generate the highest revenue, amounting to US$700m in 2024.
In Japan, moped-sharing services flourishing due to the country's efficient transportation infrastructure and high population density.

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 Eastern Asia has been experiencing significant growth in recent years.

Customer preferences: One of the key reasons for the growth of the Moped-sharing market in Eastern Asia is the increasing demand for convenient and affordable transportation options. Many people in this region are looking for alternative modes of transportation that are more cost-effective and efficient than traditional taxis or private cars. Moped-sharing services offer a convenient solution, allowing users to easily rent a moped for short trips without the hassle of owning and maintaining a vehicle.

Trends in the market: The Moped-sharing market in Eastern Asia is witnessing several trends that are driving its growth. Firstly, there is a growing trend towards urbanization in many countries in this region. As more people move to cities, the demand for convenient transportation options within urban areas is increasing. Moped-sharing services provide a flexible and efficient mode of transportation for short distances, making them popular among urban dwellers. Secondly, the rise of smartphone usage and mobile apps has played a significant role in the growth of the Moped-sharing market. Most Moped-sharing services in Eastern Asia operate through mobile apps, allowing users to easily locate and rent a moped with just a few taps on their smartphones. The convenience and ease of use offered by these apps have made them popular among tech-savvy consumers in this region.

Local special circumstances: In addition to these global trends, there are also some local special circumstances that have contributed to the growth of the Moped-sharing market in Eastern Asia. One such circumstance is the high population density in many cities in this region. With limited space and congested roads, traditional modes of transportation such as cars or taxis can be inefficient and time-consuming. Moped-sharing services offer a nimble and flexible alternative that can navigate through traffic more easily. Furthermore, the relatively low cost of moped rentals compared to other transportation options has made them attractive to price-conscious consumers in Eastern Asia. In many countries in this region, the cost of owning and maintaining a private car can be prohibitively expensive. Moped-sharing services provide an affordable alternative that allows people to save money while still enjoying the convenience of personal transportation.

Underlying macroeconomic factors: Several underlying macroeconomic factors have also contributed to the growth of the Moped-sharing market in Eastern Asia. The rapid economic development in this region has led to an increase in disposable income levels, allowing more people to afford the cost of moped rentals. Additionally, the growing middle class in many countries in Eastern Asia has created a larger consumer base for Moped-sharing services. In conclusion, the Moped-sharing market in Eastern Asia is experiencing significant growth due to customer preferences for convenient and affordable transportation options. The rise of urbanization and smartphone usage, along with local special circumstances such as high population density and cost considerations, have further fueled the growth of this market. The underlying macroeconomic factors of rapid economic development and a growing middle class have also contributed to the expansion of the Moped-sharing market in Eastern Asia.

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.