Moped-sharing - Greece | Statista Market Forecast

In Greece, the projected revenue in the Moped-sharing market is expected to reach 100% by 2024.
This market is expected to show a compound annual growth rate (CAGR 2024-2029) of 91.24k users, resulting in a projected market volume of US$13.32m by 2029.
By 2029, the number of users in the Moped-sharing market is expected to amount to 91.24k users.
The user penetration rate is projected to be 0.8% in 2024 and 0.9% by 2029.
The average revenue per user (ARPU) is expected to be US$132.50.
The Moped-sharing market is an online-only market.
In global comparison, India is expected to generate the most revenue in the Moped-sharing market, reaching US$700m100% in 2024.
Moped-sharing in Greece is experiencing a rise in popularity among tourists as a convenient and eco-friendly 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 Greece has been experiencing significant growth in recent years.

Customer preferences: One of the main reasons for the growth of the Moped-sharing market in Greece is the increasing preference for convenient and affordable transportation options among customers. With the rising costs of car ownership and the limited availability of public transportation in certain areas, many people are turning to Moped-sharing as a flexible and cost-effective alternative. Additionally, the younger generation, who are more open to sharing economy concepts and are more environmentally conscious, are also driving the demand for Moped-sharing services.

Trends in the market: One of the key trends in the Moped-sharing market in Greece is the expansion of service providers. Several companies have entered the market in recent years, offering their own Moped-sharing services. This increased competition has led to more options for customers and has also resulted in lower prices and improved service quality. Furthermore, technological advancements have played a crucial role in the growth of the market. Mobile applications and GPS tracking systems have made it easier for customers to locate and rent Mopeds, while also ensuring the security and safety of the vehicles.

Local special circumstances: Greece's unique geography and climate also contribute to the growth of the Moped-sharing market. The country is known for its beautiful landscapes and tourist destinations, which attract a large number of visitors every year. Moped-sharing provides tourists with a convenient and efficient way to explore these destinations, allowing them to have a more immersive experience. Additionally, Greece has a high population density in urban areas, where traffic congestion and limited parking spaces are common issues. Moped-sharing offers a solution to these problems by providing a flexible and agile mode of transportation.

Underlying macroeconomic factors: The economic situation in Greece has also played a role in the development of the Moped-sharing market. The country has faced economic challenges in recent years, leading to a decrease in disposable income for many individuals. As a result, people are looking for more affordable transportation options, and Moped-sharing provides a cost-effective alternative to car ownership. Additionally, the tourism industry in Greece has been growing steadily, attracting both domestic and international visitors. This has created a demand for convenient and flexible transportation options, further driving the growth of the Moped-sharing market. In conclusion, the Moped-sharing market in Greece is experiencing significant growth due to customer preferences for convenient and affordable transportation options, the expansion of service providers, technological advancements, Greece's unique geography and climate, as well as underlying macroeconomic factors such as economic challenges and the growth of the tourism industry.

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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