Moped-sharing - Southeast Asia | Statista Market Forecast

The Moped-sharing market in Southeast Asia is forecasted to achieve a revenue of US$87.63m by 2024.
This projection indicates an annual growth rate (CAGR 2024-2029) of 7.63%, leading to an estimated market volume of US$126.50m by 2029.
Within the Moped-sharing market, the number of users is anticipated to reach 2.71m users by 2029.
The user penetration rate is projected to be 0.3% in 2024 and is expected to rise to 0.4% by 2029.
The average revenue per user (ARPU) is predicted to be US$43.11.
The Moped-sharing market is an online-only market.
Notably, India is expected to generate the highest revenue among global counterparts, with a projected revenue of US$700m in 2024.
Moped-sharing is gaining traction in Southeast Asia where congested city streets and affordable transportation options are driving the demand for convenient and cost-effective mobility solutions.

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 Southeast Asia has been experiencing significant growth in recent years. Customer preferences, local special circumstances, and underlying macroeconomic factors have all contributed to the development and expansion of this market. Customer preferences in Southeast Asia have played a crucial role in the rise of the Moped-sharing market. The region's population is increasingly urbanized, with a growing number of people living in densely populated cities. This has led to an increased demand for convenient and affordable transportation options. Moped-sharing services provide a solution to this demand by offering a flexible and cost-effective mode of transportation. Additionally, the younger generation in Southeast Asia has shown a preference for sharing economy services, making Moped-sharing a popular choice among millennials. Trends in the market indicate a strong growth trajectory for Moped-sharing in Southeast Asia. The market has witnessed the entry of several major international players, as well as the emergence of local start-ups. This competition has led to increased investment in the sector, resulting in improved infrastructure and expanded service coverage. Furthermore, technological advancements have made it easier for customers to access and use Moped-sharing services through mobile applications, further driving market growth. Local special circumstances also contribute to the development of the Moped-sharing market in Southeast Asia. One key factor is the region's traffic congestion and limited parking space. Mopeds offer a convenient solution to these challenges, as they are smaller and more maneuverable than cars. Additionally, the tropical climate in Southeast Asia makes Moped-sharing an attractive transportation option, as it allows users to navigate through congested roads while staying cool and avoiding the heat. Underlying macroeconomic factors have also played a role in the growth of the Moped-sharing market in Southeast Asia. The region has experienced rapid economic growth in recent years, resulting in an expanding middle class with increased purchasing power. This has created a larger customer base for Moped-sharing services. Additionally, rising urbanization and the increasing number of tourists in the region have further fueled demand for convenient and affordable transportation options, driving the growth of the Moped-sharing market. In conclusion, the Moped-sharing market in Southeast Asia has experienced significant growth due to customer preferences, local special circumstances, and underlying macroeconomic factors. The convenience, affordability, and flexibility of Moped-sharing services have made them a popular choice among urban residents in the region. With continued investment and technological advancements, the market is expected to further expand 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.