Moped-sharing - Malta | Statista Market Forecast

The Moped-sharing market in Malta is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is estimated to reach US$1.95m by 2024.
Furthermore, it is anticipated to experience a steady annual growth rate of 5.88% (CAGR 2024-2029), resulting in a projected market volume of US$2.59m by 2029.
In terms of user base, the Moped-sharing market is expected to witness a substantial increase.
The number of users is projected to reach 23.11k users by 2029.
User penetration, which refers to the percentage of the population using Moped-sharing market services, is estimated to be 3.5% in 2024 and is anticipated to rise to 4.3% by 2029.
The average revenue per user (ARPU) is expected to be US$102.30 in the Moped-sharing market.
The Moped-sharing market is an online-only market.
When comparing the Moped-sharing market globally, it is worth noting that India is expected to generate the highest revenue.
In 2024, the revenue India is projected to reach US$700m.
Moped-sharing services in Malta have experienced a significant growth due to the country's small size and high population density, making it an ideal market for convenient and efficient urban 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 Malta has been experiencing significant growth in recent years.

Customer preferences: Customers in Malta are increasingly turning to moped-sharing services as a convenient and cost-effective mode of transportation. With the densely populated urban areas and limited parking spaces, owning a car can be a hassle. Moped-sharing provides a flexible and affordable alternative for short-distance travel. Additionally, the younger generation, who are more environmentally conscious, are embracing moped-sharing as a greener transportation option.

Trends in the market: One of the key trends in the Moped-sharing market in Malta is the increasing number of players entering the market. As the demand for moped-sharing services grows, companies are recognizing the potential for business expansion in Malta. This has led to the introduction of new players, offering customers a wider range of options to choose from. The competition among these companies has also resulted in improved service quality and lower prices, making moped-sharing even more attractive to customers. Another trend in the market is the integration of technology. Moped-sharing companies are leveraging smartphone apps and GPS tracking to enhance the user experience. Customers can easily locate and unlock available mopeds using their smartphones, making the process quick and convenient. The integration of technology also allows for efficient fleet management, ensuring that mopeds are distributed strategically across the city to meet customer demand.

Local special circumstances: The small size of Malta makes it an ideal market for moped-sharing services. With a total land area of just 316 square kilometers, traveling from one point to another is relatively quick and easy. This makes moped-sharing a practical and efficient mode of transportation for both locals and tourists. Additionally, Malta's warm climate and scenic coastal roads make riding a moped an enjoyable experience, further contributing to the popularity of moped-sharing in the country.

Underlying macroeconomic factors: The growth of the Moped-sharing market in Malta is also influenced by macroeconomic factors. The increasing cost of car ownership, including fuel prices, insurance, and parking fees, has made owning a car less affordable for many individuals. Moped-sharing offers a more economical alternative, allowing people to save money on transportation expenses. Furthermore, the rise of the sharing economy globally has created a cultural shift towards shared ownership and access over ownership, which has translated into the growing popularity of moped-sharing in Malta. In conclusion, the Moped-sharing market in Malta is experiencing significant growth due to customer preferences for convenience and affordability, as well as the integration of technology. The small size of the country and favorable climate also contribute to the market's development. Additionally, macroeconomic factors such as the increasing cost of car ownership and the rise of the sharing economy have further propelled the growth of the market. As the market continues to evolve, it is expected that new players will enter the market, offering innovative solutions and further driving the expansion of moped-sharing services in Malta.

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.