Moped-sharing - NAFTA | Statista Market Forecast

The Moped-sharing market is anticipated to experience substantial growth in the coming years in the NAFTA region.
By 2024, it is projected to generate a revenue of US$442.90m.
Furthermore, the market is expected to exhibit a Compound Annual Growth Rate (CAGR) of 3.28% between 2024 and 2029, resulting in a market volume of US$520.40m by 2029.
In terms of user base, the Moped-sharing market is predicted to reach 1.21m users users by 2029.
The user penetration rate is estimated to be 0.2% in 2024 and is expected to increase to 0.2% by 2029.
The Average Revenue Per User (ARPU) in this market is projected to be US$408.10.
The Moped-sharing market is an online-only market.
When comparing global revenue, India is expected to generate the highest revenue of US$700m in 2024 within the Moped-sharing market.
The Moped-sharing market in NAFTA is experiencing rapid growth due to the high demand for affordable and convenient transportation options in urban areas.

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 NAFTA has experienced significant growth in recent years. Customer preferences have shifted towards more sustainable and convenient transportation options, leading to an increase in demand for moped-sharing services. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of this market.

Customer preferences: Customers in the NAFTA region have shown a growing interest in sustainable transportation options. Moped-sharing services offer a convenient and eco-friendly alternative to traditional modes of transportation. With increasing concerns about air pollution and traffic congestion, customers are opting for moped-sharing as a way to reduce their carbon footprint and navigate through crowded urban areas more efficiently. The flexibility of moped-sharing services, which allow users to pick up and drop off mopeds at various locations, also appeals to customers who value convenience and flexibility in their transportation choices.

Trends in the market: One of the key trends in the moped-sharing market in NAFTA is the expansion of service providers. Several companies have entered the market, offering their own moped-sharing services to meet the growing demand. This increased competition has led to improvements in service quality, pricing, and coverage areas. As a result, customers now have more options to choose from, leading to increased adoption of moped-sharing services. Another trend in the market is the integration of technology. Moped-sharing companies are leveraging technology to enhance the user experience and improve operational efficiency. Mobile applications allow customers to easily locate and unlock available mopeds, while real-time tracking systems enable companies to monitor the status and location of their fleet. These technological advancements have made moped-sharing more accessible and user-friendly, further driving its popularity among customers.

Local special circumstances: The moped-sharing market in NAFTA is influenced by local special circumstances in each country. In the United States, for example, the market is driven by the high population density in urban areas and the need for efficient transportation options. In Canada, the market is influenced by the country's cold climate, which makes mopeds a popular choice for short-distance travel during the warmer months. In Mexico, the market is shaped by the country's large urban population and the need for affordable transportation options.

Underlying macroeconomic factors: The development of the moped-sharing market in NAFTA is also influenced by underlying macroeconomic factors. Economic growth in the region has led to an increase in disposable income, allowing more people to afford the cost of using moped-sharing services. Additionally, government initiatives and policies promoting sustainable transportation have created a favorable environment for the growth of this market. As a result, the moped-sharing market in NAFTA is expected to continue its upward trajectory in the coming years.

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.