Moped-sharing - Slovakia | Statista Market Forecast

The Moped-sharing market in Slovakia is projected to reach a revenue of US$3.16m in 2024.
This is expected to show an annual growth rate (CAGR 2024-2029) of 6.80%, resulting in a projected market volume of US$4.39m by 2029.
Additionally, the number of users in the Moped-sharing market is expected to reach 47.16k users by 2029.
The user penetration rate is projected to be 0.7% in 2024 and is expected to increase to 0.8% by 2029.
Furthermore, the average revenue per user (ARPU) is estimated to be US$81.95.
The Moped-sharing market is an online-only market.
In a global comparison, India is projected to generate the highest revenue, amounting to US$700m in 2024.
The Moped-sharing market in Slovakia is experiencing rapid growth, with an increasing number of young urban dwellers opting for this convenient and eco-friendly mode of 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 Slovakia has been experiencing significant growth in recent years.

Customer preferences: Customers in Slovakia are increasingly turning to moped-sharing services as a convenient and cost-effective mode of transportation. Mopeds are particularly popular among young adults and students who are looking for flexible and affordable transportation options. These customers value the convenience of being able to pick up and drop off a moped at their desired location, without the hassle of owning and maintaining their own vehicle. In addition, the environmental benefits of using mopeds, such as reduced emissions and fuel consumption, are also appealing to customers in Slovakia.

Trends in the market: One of the key trends in the moped-sharing market in Slovakia is the expansion of service coverage. Moped-sharing companies are continuously expanding their operations to cover more cities and towns across the country. This trend is driven by the increasing demand for moped-sharing services in suburban areas and smaller towns, where public transportation options may be limited. By expanding their service coverage, moped-sharing companies are able to reach a wider customer base and attract new users. Another trend in the market is the introduction of electric mopeds. As the demand for sustainable transportation options grows, moped-sharing companies in Slovakia are introducing electric mopeds to their fleets. Electric mopeds offer several advantages over traditional gasoline-powered mopeds, including lower operating costs and reduced environmental impact. This trend is aligned with the global shift towards electric vehicles and the increasing focus on sustainability.

Local special circumstances: Slovakia has a relatively high population density, especially in urban areas. This makes moped-sharing an attractive option for residents who are looking to navigate through congested city streets quickly and efficiently. The compact size of mopeds allows them to maneuver through traffic and find parking spaces more easily than larger vehicles. Furthermore, the relatively short distances between destinations in Slovakia make mopeds a practical choice for many customers.

Underlying macroeconomic factors: The growing moped-sharing market in Slovakia can also be attributed to favorable macroeconomic factors. The country has experienced steady economic growth in recent years, which has resulted in increased disposable income for many individuals. This allows more people to afford the cost of moped-sharing services and contributes to the rising demand in the market. Additionally, the high rate of smartphone penetration in Slovakia enables customers to easily access and use moped-sharing apps, further driving the growth of the market. In conclusion, the Moped-sharing market in Slovakia is growing due to customer preferences for convenient and affordable transportation options, as well as the expansion of service coverage and the introduction of electric mopeds. The high population density in urban areas and favorable macroeconomic factors also contribute 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.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.