Moped-sharing - EU-27 | Statista Market Forecast

The Moped-sharing market in the EU-27 is projected to witness a significant growth in revenue, reaching US$367.40m by 2024.
Furthermore, the market is expected to exhibit a steady annual growth rate (CAGR 2024-2029) of 4.10%, resulting in a projected market volume of US$449.10m by 2029.
In terms of user base, the Moped-sharing market is anticipated to have approximately 2.82m users users by 2029.
This indicates a substantial increase in user penetration, from 0.6% in 2024 to 0.6% by 2029.
The average revenue per user (ARPU) is expected to amount to US$148.40.
The Moped-sharing market is an online-only market.
This highlights the increasing significance of online platforms in the market's revenue generation.
In a global comparison, it is interesting to observe that India is expected to generate the highest revenue in the Moped-sharing market, with a projected revenue of US$700m in 2024.
Germany has seen a significant increase in moped-sharing services, with major cities like Berlin and Hamburg embracing this sustainable and efficient 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 EU-27 has been experiencing significant growth in recent years, driven by changing customer preferences and local special circumstances.

Customer preferences: Customers in the EU-27 have shown a growing preference for convenient and cost-effective transportation options. Moped-sharing services offer a flexible and affordable alternative to traditional transportation methods, such as owning a car or using public transportation. With the rise of urbanization and congestion in many cities, customers are seeking efficient ways to navigate through traffic and reach their destinations quickly. Moped-sharing services provide a solution by offering a convenient mode of transportation that allows customers to bypass traffic and easily find parking.

Trends in the market: One of the key trends in the Moped-sharing market in the EU-27 is the increasing adoption of electric mopeds. As sustainability and environmental concerns become more prominent, customers are gravitating towards eco-friendly transportation options. Electric mopeds offer a clean and quiet mode of transportation, making them an attractive choice for customers who prioritize sustainability. This trend is further supported by government initiatives and incentives promoting the use of electric vehicles. Another trend in the market is the expansion of moped-sharing services to smaller cities and rural areas. While initially concentrated in major urban centers, moped-sharing companies are recognizing the untapped potential in less densely populated regions. By expanding their services to these areas, companies can tap into a new customer base that may not have access to other transportation options. This expansion is facilitated by advancements in technology, such as mobile apps and GPS tracking, which make it easier for customers to locate and rent mopeds.

Local special circumstances: The Moped-sharing market in EU-27 is influenced by local special circumstances, such as regulations and infrastructure. Each country within the EU-27 has its own set of rules and regulations governing the operation of moped-sharing services. These regulations can impact the availability and accessibility of moped-sharing services in different regions. Additionally, the quality and availability of infrastructure, such as bike lanes and charging stations, can vary across countries, affecting the viability and growth of moped-sharing services.

Underlying macroeconomic factors: The growth of the Moped-sharing market in EU-27 is also influenced by underlying macroeconomic factors. Economic growth and rising disposable incomes in the region have contributed to increased consumer spending on transportation. Additionally, the COVID-19 pandemic has accelerated the adoption of alternative transportation options, as customers seek safer alternatives to public transportation. The Moped-sharing market has benefited from this shift in consumer behavior, as customers prioritize personal mobility and social distancing. In conclusion, the Moped-sharing market in EU-27 is experiencing growth due to changing customer preferences, such as the demand for convenient and cost-effective transportation options. The market is also influenced by local special circumstances, including regulations and infrastructure. Furthermore, underlying macroeconomic factors, such as economic growth and the impact of the COVID-19 pandemic, have contributed to the expansion of the market. As these trends and factors continue to evolve, the Moped-sharing market in EU-27 is expected to witness further growth and development.

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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