Moped-sharing - LATAM | Statista Market Forecast

In 2024, the projected revenue in the Moped-sharing market in LATAM is expected to reach US$9.38m.
This revenue is forecasted to exhibit an annual growth rate (CAGR 2024-2029) of 4.63%, resulting in a projected market volume of US$11.76m by 2029.
Furthermore, the number of users in the Moped-sharing market is anticipated to reach 243.70k users by 2029.
The user penetration rate is projected to be 0.0% in 2024 and maintain the same rate by 2029.
The average revenue per user (ARPU) is estimated to be US$45.52.
The Moped-sharing market is an online-only market.
When comparing revenue across the globe, India is expected to generate the most revenue in the Moped-sharing market, with US$700m in 2024.
In LATAM, the Moped-sharing market is experiencing rapid growth, with companies like Mopify leading the way in providing convenient and affordable transportation options for urban dwellers.

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 LATAM is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive trajectory. Customer preferences in LATAM are driving the growth of the Moped-sharing market. With increasing urbanization and traffic congestion in many cities, customers are seeking alternative modes of transportation that are convenient, affordable, and environmentally friendly. Moped-sharing services provide a solution to these needs, offering a convenient way to navigate through crowded streets and reach destinations quickly. Additionally, customers appreciate the flexibility and ease of use that Moped-sharing platforms provide, allowing them to easily rent and return mopeds through mobile applications. Trends in the market further contribute to the growth of Moped-sharing in LATAM. As more companies enter the market and expand their operations, the availability of Mopeds for rent increases, making it more convenient for customers to access these services. Furthermore, advancements in technology have made it easier for Moped-sharing platforms to operate efficiently and provide a seamless user experience. Integration with mobile payment systems and GPS tracking capabilities enhance the convenience and accessibility of these services, attracting more customers. Local special circumstances also play a role in the development of the Moped-sharing market in LATAM. In many cities, public transportation systems are often inadequate or unreliable, making Moped-sharing an attractive alternative for daily commuting. Additionally, the relatively low cost of Moped-sharing compared to owning a private vehicle makes it an affordable option for many residents. Moreover, the warm climate in many parts of LATAM makes Moped-sharing a practical and enjoyable mode of transportation year-round. Underlying macroeconomic factors contribute to the growth of the Moped-sharing market in LATAM. Economic development and rising disposable incomes have increased the demand for convenient transportation options. As the middle class expands, more individuals have the financial means to afford Moped-sharing services. Additionally, government initiatives and regulations that promote sustainable transportation options and reduce traffic congestion further support the growth of the Moped-sharing market. In conclusion, the Moped-sharing market in LATAM is experiencing significant growth and development due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. As more customers seek convenient and environmentally friendly transportation options, the Moped-sharing market is poised for continued expansion in the region.

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.