Key regions: Germany, Europe, India, Indonesia, United States
The Moped-sharing market in South Korea has been experiencing significant growth and development in recent years.
Customer preferences: One of the main reasons for the growth of the Moped-sharing market in South Korea is the changing preferences of customers. With the increasing traffic congestion and limited parking spaces in urban areas, many people are looking for alternative transportation options that are convenient and cost-effective. Moped-sharing provides a solution to these problems by offering a flexible and efficient mode of transportation.
Trends in the market: The Moped-sharing market in South Korea is witnessing a surge in popularity due to several trends. Firstly, the rise of the sharing economy has played a crucial role in the growth of this market. People are becoming more comfortable with the idea of sharing resources and are embracing the concept of Moped-sharing as a convenient and affordable transportation option. Secondly, the advancements in technology have enabled the development of user-friendly mobile applications that make it easy for customers to locate and rent Mopeds. These apps provide real-time information on the availability of Mopeds, their locations, and pricing, making it convenient for users to access the service.
Local special circumstances: South Korea's densely populated cities and limited parking spaces have created a unique demand for Moped-sharing services. The compact size and maneuverability of Mopeds make them an ideal mode of transportation for navigating through congested urban areas. Additionally, South Korea's well-developed public transportation system provides convenient access to Moped-sharing stations, making it easier for people to incorporate Mopeds into their daily commute.
Underlying macroeconomic factors: Several macroeconomic factors contribute to the growth of the Moped-sharing market in South Korea. Firstly, the country's strong economic growth has resulted in an increase in disposable income, allowing more people to afford the convenience of Moped-sharing services. Additionally, the government's support for sustainable transportation options and efforts to reduce air pollution have created a favorable environment for the growth of the Moped-sharing market. In conclusion, the Moped-sharing market in South Korea is experiencing significant growth and development due to changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. As more people seek convenient and cost-effective transportation options in urban areas, the demand for Moped-sharing services is expected to continue to rise.
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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