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Moped-sharing - Spain

Spain

The Moped-sharing market in Spain is projected to reach a revenue of €29.83m by 2024.
This is expected to show an annual growth rate of 9.12% (CAGR 2024-2028), resulting in a projected market volume of €42.29m by 2028.
In Spain's Moped-sharing market, the number of users is expected to reach 474.10k users by 2028.
The user penetration rate is projected to be 0.7% in 2024 and 1.0% by 2028.
The average revenue per user (ARPU) is expected to be €88.37.
The Moped-sharing market is an online-only market.
In a global comparison, India is expected to generate the most revenue, reaching €626m in 2024.
The Moped-sharing market in Spain is experiencing rapid growth due to its urban population density and favorable weather conditions.

Key regions: Germany, Indonesia, South America, India, Europe

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Analyst Opinion

The Moped-sharing market in Spain has experienced significant growth in recent years, driven by changing customer preferences, market trends, and local special circumstances.

Customer preferences: Customers in Spain are increasingly looking for convenient and cost-effective transportation options. Moped-sharing services provide a flexible and affordable alternative to traditional modes of transportation, such as owning a car or taking public transit. Mopeds are particularly popular among young urban dwellers who value the ease of use and flexibility of these vehicles. Additionally, the growing concern for the environment and the desire to reduce carbon emissions have also contributed to the rising popularity of moped-sharing services.

Trends in the market: One of the key trends in the moped-sharing market in Spain is the expansion of service providers and the increasing availability of moped-sharing services in different cities across the country. This trend is driven by the success and profitability of existing moped-sharing companies, as well as the increasing demand from customers. As more companies enter the market, competition intensifies, leading to lower prices and improved service quality for customers. Another trend in the market is the integration of technology and mobile applications. Moped-sharing companies are leveraging technology to enhance the user experience, allowing customers to easily locate and unlock mopeds using their smartphones. This integration of technology not only improves convenience for customers but also enables companies to gather valuable data on customer preferences and usage patterns, which can be used to optimize their operations and expand their customer base.

Local special circumstances: Spain's urban landscape and transportation infrastructure make it well-suited for moped-sharing services. Many cities in Spain are densely populated, with limited parking space and congested roads. Mopeds offer a practical solution to these challenges, as they are small, maneuverable, and can navigate through traffic more easily than cars. Additionally, the warm climate in Spain makes it conducive to year-round moped usage, further driving the demand for moped-sharing services.

Underlying macroeconomic factors: The growing moped-sharing market in Spain is also influenced by underlying macroeconomic factors. The high unemployment rate and economic uncertainty in the country have led many individuals to seek alternative sources of income. Moped-sharing services provide an opportunity for individuals to become self-employed and earn income by renting out their mopeds. This has contributed to the growth of the moped-sharing market, as more individuals are motivated to participate in this sector. In conclusion, the moped-sharing market in Spain is experiencing significant growth due to changing customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The convenience, affordability, and environmental benefits of moped-sharing services have made them a popular transportation option among customers, particularly young urban dwellers. As the market continues to evolve, we can expect to see further expansion, technological advancements, and increased competition in the moped-sharing sector in Spain.

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.