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Key regions: Germany, Europe, India, Indonesia, United States
The Moped-sharing market in Portugal has been experiencing significant growth in recent years.
Customer preferences: In Portugal, there is a growing preference for convenient and eco-friendly modes of transportation. Moped-sharing services offer a flexible and affordable solution for short-distance travel within cities. Customers appreciate the ease of access to mopeds, as they can be rented through mobile applications and picked up from various locations. Additionally, the option to pay per minute or per hour allows for greater flexibility, making it an attractive choice for both locals and tourists.
Trends in the market: One of the key trends in the Moped-sharing market in Portugal is the increasing number of players entering the market. With the success of existing moped-sharing companies, new startups are emerging to capitalize on the growing demand. This competition has led to improved services, such as better maintenance of mopeds, expanded coverage areas, and enhanced customer support. Another trend is the integration of electric mopeds into the sharing market. As sustainability becomes a priority for many consumers, electric mopeds offer a greener alternative to traditional gasoline-powered vehicles. These electric mopeds are not only better for the environment but also quieter and more efficient. The introduction of electric mopeds has further boosted the popularity of moped-sharing services in Portugal.
Local special circumstances: Portugal's favorable weather conditions make it an ideal market for moped-sharing services. With its mild climate and a large number of sunny days throughout the year, riding a moped is a pleasant and convenient option for many residents and tourists. The compact size of Portuguese cities also makes it easier to navigate through traffic and find parking spaces, making mopeds a practical choice for short trips. Furthermore, the tourism industry in Portugal has been thriving in recent years, attracting a large number of visitors from around the world. Moped-sharing services provide tourists with a convenient and efficient way to explore the country's cities and attractions. The availability of mopeds at popular tourist destinations has contributed to the growth of the market.
Underlying macroeconomic factors: The economic stability and increasing disposable income of the Portuguese population have played a significant role in the growth of the moped-sharing market. With more people having the means to afford transportation alternatives, the demand for convenient and cost-effective options like moped-sharing has increased. Additionally, the government of Portugal has been supportive of sustainable transportation initiatives. They have implemented policies to promote the use of electric vehicles and reduce carbon emissions. This support has created a favorable environment for the growth of the moped-sharing market, particularly with the integration of electric mopeds. In conclusion, the Moped-sharing market in Portugal has experienced significant growth due to customer preferences for convenience and eco-friendly transportation options. The increasing number of players in the market, the integration of electric mopeds, favorable weather conditions, the thriving tourism industry, and the country's economic stability have all contributed to the market's development.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)