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Moped-sharing - Americas

Americas

The Moped-sharing market in the Americas is forecasted to generate a revenue of €411.90m in 2024.
It is expected to experience a compound annual growth rate (CAGR) of 3.14% from 2024 to 2029, resulting in a projected market volume of €480.80m by 2029.
By 2029, the number of users in the Moped-sharing market is estimated to reach 1,425.00k users.
The user penetration rate is projected to increase from 0.1% in 2024 to 0.1% by 2029.
The average revenue per user (ARPU) is expected to be €324.60.
The Moped-sharing market is an online-only market.
In terms of global comparison, India is expected to generate the highest revenue, with €643m in 2024.
In the Americas, moped-sharing services have gained popularity in urban areas, providing a convenient and eco-friendly transportation option for commuters.

Key regions: Germany, Europe, India, Indonesia, United States

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Analyst Opinion

The Moped-sharing market in Americas is experiencing significant growth and development.

Customer preferences: Customers in the Americas are increasingly opting for moped-sharing services due to their convenience, affordability, and environmental benefits. Mopeds provide a flexible transportation option for short distances, allowing customers to easily navigate through traffic and reach their destinations quickly. Additionally, the cost of using a moped-sharing service is often lower than other transportation alternatives, making it an attractive option for budget-conscious individuals. Furthermore, the growing concern for the environment has led to an increased demand for sustainable transportation solutions, and moped-sharing services offer a greener alternative to traditional cars.

Trends in the market: One of the key trends in the moped-sharing market in the Americas is the expansion of service providers. Numerous companies have entered the market, offering their own fleet of mopeds for rent. This competition has led to increased availability and accessibility of moped-sharing services, making it easier for customers to find and use these services. Additionally, advancements in technology have played a significant role in the growth of the market. Mobile applications and GPS tracking systems allow customers to easily locate and unlock mopeds, further enhancing the convenience of these services.

Local special circumstances: The Americas consist of diverse countries with varying transportation infrastructures and urban landscapes. In densely populated cities with limited parking spaces and heavy traffic, moped-sharing services have gained popularity as a convenient and efficient mode of transportation. Additionally, the warm climate in many parts of the Americas makes riding a moped an appealing option for short trips, further driving the demand for moped-sharing services.

Underlying macroeconomic factors: The growth of the moped-sharing market in the Americas can be attributed to several underlying macroeconomic factors. Firstly, the rising urbanization rates in many countries have led to increased congestion and longer commute times, creating a need for alternative transportation options. Secondly, the increasing disposable incomes of individuals in the region have made it possible for more people to afford the convenience of moped-sharing services. Lastly, government initiatives and regulations promoting sustainable transportation have encouraged the adoption of moped-sharing services as a greener alternative to traditional cars. In conclusion, the Moped-sharing market in Americas is experiencing significant growth and development due to customer preferences for convenience, affordability, and sustainability. The expansion of service providers, advancements in technology, and local circumstances such as urbanization and warm climate have contributed to the increasing popularity of moped-sharing services. Furthermore, underlying macroeconomic factors such as rising urbanization rates, increasing disposable incomes, and government initiatives have further propelled the growth of the market.

Methodology

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.