Moped-sharing - Georgia | Statista Market Forecast

The Moped-sharing market in Georgia is projected to witness significant growth in the coming years.
By 2024, the revenue in this market is estimated to reach US$1.62m.
This revenue is expected to grow at an annual growth rate of 10.68% from 2024 to 2029, resulting in a projected market volume of US$2.69m by 2029.
In terms of user base, the number of users in the Moped-sharing market is expected to reach 31.47k users by 2029.
The user penetration rate, which measures the proportion of the population using Moped-sharing market services, is projected to be 0.6% in 2024 and increase to 0.9% by 2029.
The average revenue per user (ARPU) in this market is anticipated to be US$73.36.
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, reaching US$700m in 2024.
This showcases the significant market potential and opportunities in the Indian market.
Moped-sharing in Georgia is gaining popularity among urban dwellers, providing a convenient and eco-friendly transportation option.

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 Georgia has been experiencing significant growth in recent years.

Customer preferences: Customers in Georgia are increasingly opting for moped-sharing services due to their convenience and affordability. Mopeds provide a flexible mode of transportation, allowing users to navigate through traffic and reach their destinations quickly. Additionally, the cost of renting a moped is relatively low compared to other transportation options, making it an attractive choice for budget-conscious individuals.

Trends in the market: One of the key trends in the moped-sharing market in Georgia is the rise of electric mopeds. With growing concerns about environmental sustainability, there is a growing demand for eco-friendly transportation options. Electric mopeds offer a cleaner and greener alternative to traditional gasoline-powered vehicles, making them popular among environmentally conscious customers. As a result, moped-sharing companies in Georgia are increasingly incorporating electric mopeds into their fleets to cater to this demand. Another trend in the market is the integration of technology. Moped-sharing companies are leveraging mobile applications and GPS tracking systems to streamline the rental process and enhance the overall user experience. Customers can easily locate and unlock available mopeds through their smartphones, eliminating the need for physical keys or manual paperwork. This technological integration has made moped-sharing more convenient and accessible, further driving its popularity in Georgia.

Local special circumstances: Georgia's urban areas, such as Tbilisi, experience high levels of traffic congestion, which can make commuting a challenging task. Moped-sharing services offer a practical solution for navigating through congested roads, allowing users to bypass traffic and reach their destinations faster. This unique local circumstance has contributed to the growth of the moped-sharing market in Georgia.

Underlying macroeconomic factors: Georgia's growing economy and increasing urbanization have played a significant role in the development of the moped-sharing market. As the country's GDP continues to rise, more individuals have disposable income to spend on transportation services. Additionally, the concentration of population in urban areas creates a higher demand for efficient and cost-effective transportation options, leading to the popularity of moped-sharing services. In conclusion, the moped-sharing market in Georgia is witnessing significant growth due to customer preferences for convenience and affordability. The rise of electric mopeds and the integration of technology are key trends in the market, catering to the demand for eco-friendly and user-friendly transportation options. The local special circumstance of traffic congestion in urban areas further drives the adoption of moped-sharing services. Overall, Georgia's growing economy and urbanization contribute to the development of the moped-sharing market in the country.

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.