Moped-sharing - Taiwan | Statista Market Forecast

The Moped-sharing market in Taiwan is projected to reach a revenue of US$168.90m in 2024.
This market is expected to show an annual growth rate (CAGR 2024-2029) of 2.71%, resulting in a projected market volume of US$193.10m by 2029.
By that time, the number of users in Taiwan's Moped-sharing market is expected to amount to 2.50m users.
User penetration is projected to be 9.7% in 2024 and increase to 10.4% by 2029.
The average revenue per user (ARPU) is expected to amount to US$72.66.
The Moped-sharing market is an online-only market.
In global comparison, India is expected to generate the highest revenue in the Moped-sharing market, with a projected revenue of US$700m in 2024.
Taiwan's Moped-sharing market is experiencing rapid growth due to its high population density and efficient urban transportation system.

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 Taiwan has experienced significant growth in recent years, driven by changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Customers in Taiwan have shown a growing preference for convenient and affordable transportation options. Moped-sharing services offer an ideal solution for short-distance travel, allowing users to easily navigate congested urban areas and avoid the hassle of finding parking. Additionally, the younger generation, in particular, is more inclined towards sharing economy models and is attracted to the flexibility and cost-effectiveness of moped-sharing services.

Trends in the market: One of the key trends in the moped-sharing market in Taiwan is the increasing adoption of electric mopeds. With growing concerns about environmental sustainability, there is a strong demand for clean and eco-friendly transportation options. Electric mopeds not only help reduce carbon emissions but also offer a quieter and smoother ride experience. This trend is further supported by government initiatives and incentives to promote electric vehicles, including mopeds. Another trend in the market is the integration of digital technology. Moped-sharing companies in Taiwan are leveraging smartphone apps and GPS tracking systems to provide a seamless user experience. Customers can easily locate and unlock available mopeds using their smartphones, making the process more convenient and efficient. Furthermore, the integration of digital technology allows companies to collect valuable data on customer preferences and usage patterns, enabling them to optimize their operations and expand their services.

Local special circumstances: Taiwan is a densely populated country with limited parking space and heavy traffic congestion, especially in urban areas. These local special circumstances create a favorable environment for moped-sharing services. The compact size of mopeds allows users to maneuver through traffic and find parking spaces more easily compared to cars or motorcycles. Additionally, the relatively short distances in Taiwan make mopeds a practical and efficient mode of transportation for daily commutes and short trips.

Underlying macroeconomic factors: Taiwan has a strong economy with a high urbanization rate, leading to increased demand for transportation solutions. The rising cost of car ownership, including fuel, insurance, and maintenance, has made alternative transportation options more appealing to consumers. Moped-sharing services provide a cost-effective and convenient alternative to car ownership, especially for short-distance travel. Furthermore, government regulations and policies have played a significant role in promoting the growth of the moped-sharing market in Taiwan. The government has implemented supportive measures, such as providing subsidies for electric mopeds and creating designated parking spaces for shared vehicles. These initiatives have encouraged the entry of new players into the market and facilitated the expansion of existing services. In conclusion, the Moped-sharing market in Taiwan is developing rapidly due to changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The convenience, affordability, and environmental benefits of moped-sharing services have made them increasingly popular among Taiwanese consumers. With the integration of digital technology and government support, the market is expected to continue its growth trajectory 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.