Moped-sharing - Romania | Statista Market Forecast

In 2024, the projected revenue in the Moped-sharing market in Romania is expected to reach US$6.27m.
The market is anticipated to experience an annual growth rate of 7.09% between 2024 and 2029, resulting in a projected market volume of US$8.83m by 2029.
By 2029, the number of users in the Moped-sharing market is expected to reach 89.10k users.
The user penetration rate is projected to be 0.4% in 2024 and increase to 0.5% by 2029.
The average revenue per user (ARPU) is expected to be US$86.50.
The Moped-sharing market is an online-only market.
In terms of global comparison, India is projected to generate the highest revenue in the Moped-sharing market, with US$700m in 2024.
The Moped-sharing market in Romania is experiencing rapid growth, driven by the country's high population density and increasing demand for affordable and convenient transportation options.

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 Romania has been experiencing significant growth in recent years.

Customer preferences: Customers in Romania are increasingly turning to moped-sharing services as a convenient and cost-effective mode of transportation. Mopeds offer a flexible and efficient way to navigate through the country's congested urban areas, allowing customers to easily maneuver through traffic and reach their destinations quickly. Additionally, the affordability of moped-sharing services appeals to budget-conscious customers who are looking for affordable transportation options.

Trends in the market: One of the key trends in the moped-sharing market in Romania is the increasing popularity of electric mopeds. As environmental concerns continue to rise, customers are showing a growing preference for eco-friendly transportation options. Electric mopeds not only reduce carbon emissions but also offer a quieter and smoother ride compared to traditional petrol-powered mopeds. This trend is likely to continue as the government and local authorities promote sustainable transportation solutions. Another trend in the market is the integration of mobile applications and GPS technology into moped-sharing services. Customers can easily locate and unlock mopeds using their smartphones, making the rental process more convenient and efficient. The integration of GPS technology also allows customers to navigate through the city with ease, further enhancing the overall customer experience.

Local special circumstances: Romania's urban areas face significant traffic congestion, especially during peak hours. This has led to an increased demand for alternative modes of transportation that can help alleviate congestion and reduce travel times. Moped-sharing services offer a viable solution to this problem, allowing customers to bypass traffic and reach their destinations faster. The compact size of mopeds also makes them suitable for navigating through narrow streets and crowded areas, further enhancing their appeal in urban environments.

Underlying macroeconomic factors: The growing popularity of moped-sharing services in Romania can be attributed to several macroeconomic factors. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending. As a result, more people are able to afford the convenience and flexibility offered by moped-sharing services. Furthermore, the rise of the gig economy and flexible working arrangements has contributed to the demand for moped-sharing services. Many individuals now prefer flexible work schedules and freelance opportunities, which often require them to travel frequently. Moped-sharing services provide a convenient and cost-effective transportation option for these individuals, allowing them to easily move around the city as needed. In conclusion, the Moped-sharing market in Romania is growing rapidly due to customer preferences for convenient and affordable transportation options. The rise of electric mopeds, integration of mobile applications and GPS technology, and the need to alleviate traffic congestion are key trends driving the market. The underlying macroeconomic factors, such as economic growth and the rise of the gig economy, further support the development of the market.

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.

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