Moped-sharing - Italy | Statista Market Forecast

The Moped-sharing market in Italy is anticipated to witness significant growth in the coming years.
According to projections, the revenue in this market is expected to reach US$46.38m by 2024.
This growth is further expected to continue at a compound annual growth rate (CAGR) of 4.35% from 2024 to 2029, resulting in a projected market volume of US$57.39m by 2029.
Moreover, the number of users in the Moped-sharing market is also expected to rise steadily, reaching 347.00k users by 2029.
This indicates a notable increase in user penetration, which is projected to be 0.5% in 2024 and is expected to reach 0.6% by 2029.
When considering the average revenue per user (ARPU), it is estimated to be US$148.90 in the Moped-sharing market.
The Moped-sharing market is an online-only market.
When compared globally, it is worth noting that India is expected to generate the highest revenue in the Moped-sharing market, reaching US$700m by 2024.
This exemplifies the country's significant contribution to the overall market performance on a global scale.
Italy is experiencing a rise in moped-sharing services, with companies like Scooty and Ecooltra gaining popularity among urban commuters.

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 Italy has seen significant growth in recent years, driven by changing customer preferences and the unique circumstances of the local market.

Customer preferences: Italian customers have shown a strong preference for convenience and affordability when it comes to transportation options. Moped-sharing services provide an ideal solution, as they offer a quick and easy way to navigate through congested urban areas at a fraction of the cost of traditional transportation methods. With the increasing popularity of sustainable and eco-friendly transportation options, moped-sharing services also appeal to environmentally conscious customers.

Trends in the market: One of the key trends in the Moped-sharing market in Italy is the expansion of service coverage. Moped-sharing companies have been rapidly expanding their operations to reach more cities and towns across the country. This expansion is driven by the increasing demand for convenient and affordable transportation options in both urban and rural areas. Another trend in the market is the integration of technology. Moped-sharing companies are leveraging mobile apps and GPS tracking to provide a seamless user experience. Customers can easily locate and unlock available mopeds using their smartphones, making the entire process quick and efficient. This integration of technology has played a significant role in driving the adoption of moped-sharing services in Italy.

Local special circumstances: Italy's narrow streets, historic city centers, and limited parking spaces present unique challenges for traditional transportation methods. Mopeds, with their compact size and maneuverability, are well-suited to navigate these tight spaces. Additionally, the high cost of car ownership and parking fees in major cities further incentivize Italians to opt for moped-sharing services.

Underlying macroeconomic factors: Italy's sluggish economy and high unemployment rates have also contributed to the growth of the moped-sharing market. Many Italians are seeking flexible and affordable employment opportunities, and working as moped-sharing drivers provides a viable option. The low start-up costs and flexible working hours make it an attractive choice for individuals looking to supplement their income or start their own business. In conclusion, the Moped-sharing market in Italy is experiencing significant growth due to changing customer preferences, the expansion of service coverage, the integration of technology, and the unique circumstances of the local market. The convenience, affordability, and eco-friendly nature of moped-sharing services have made them a popular choice for Italians seeking efficient transportation options in urban and rural areas.

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.