Moped-sharing - Russia | Statista Market Forecast

The Moped-sharing market in Russia is projected to achieve a revenue of US$6.67m by 2024.
This forecast takes into account an estimated annual growth rate of 5.38% between 2024 and 2029, resulting in a projected market volume of US$8.68m by 2029.
Additionally, it is expected that the number of users in the Moped-sharing market will reach 75.80k users by 2029.
The user penetration rate is projected to increase from 0.0% in 2024 to 0.1% by 2029.
Furthermore, the average revenue per user (ARPU) is anticipated to be US$100.50.
The Moped-sharing market is an online-only market.
In a global comparison, it is noteworthy that the highest revenue in the Moped-sharing market is expected to be generated India, reaching US$700m in 2024.
Moped-sharing in Russia is gaining popularity due to its convenience and cost-effectiveness for short-distance commuting in congested 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 Russia has seen significant growth in recent years, driven by several key factors.

Customer preferences: Customers in Russia 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 busy streets of cities, especially during peak traffic hours. Additionally, the availability of moped-sharing apps makes it easy for customers to locate and rent a moped at their convenience. The affordability of moped-sharing services also appeals to customers who are looking for a budget-friendly transportation option.

Trends in the market: One of the key trends in the moped-sharing market in Russia is the expansion of service coverage. Moped-sharing companies are rapidly expanding their operations to cover more cities and regions across the country. This expansion is driven by the increasing demand for moped-sharing services and the desire to tap into new markets. As a result, customers in smaller cities and towns are also gaining access to moped-sharing services, further driving the growth of the market. Another trend in the market is the introduction of electric mopeds. With the growing awareness of environmental issues, there is a rising demand for sustainable transportation options. Electric mopeds offer a greener alternative to traditional petrol-powered mopeds, and many moped-sharing companies in Russia are incorporating electric mopeds into their fleets. This trend is expected to continue as customers prioritize eco-friendly transportation options.

Local special circumstances: Russia's vast geography and diverse climate present unique challenges and opportunities for the moped-sharing market. In cities with harsh winters, the demand for moped-sharing services may decline due to unfavorable weather conditions. However, in cities with milder climates, the market can thrive year-round. Additionally, the availability of charging infrastructure for electric mopeds may vary across different regions, which can impact the adoption of electric mopeds in certain areas.

Underlying macroeconomic factors: The growing moped-sharing market in Russia can be attributed to several underlying macroeconomic factors. The rising urbanization rate in the country has led to increased congestion and the need for alternative transportation options. Additionally, the increasing disposable income of the middle class has made moped-sharing services more affordable and accessible to a larger customer base. Furthermore, the advancements in mobile technology and the widespread use of smartphones have made it easier for customers to access and use moped-sharing apps. In conclusion, the moped-sharing market in Russia is experiencing significant growth due to customer preferences for convenience and affordability, the expansion of service coverage, the introduction of electric mopeds, and underlying macroeconomic factors such as urbanization and increased disposable income. However, the market is also influenced by local special circumstances, such as climate and charging infrastructure availability. Overall, the future of the moped-sharing market in Russia looks promising, with further growth expected 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.