NEW YORK, November 3, 2021 / PRNewswire / – The Taiwanese micromobility market size, who was $ 47.3 million in 2020, is expected to observe a CAGR of 61.3% between 2021 and 2030, to reach $ 5,981.6 million in 2030. The market is growing thanks to:
- Alarming Levels of Air Pollution: Due to rampant urbanization and industrialization, air pollution in the country is increasing. As a result, governments are promoting micromobility services, which are offered via two-wheelers, which are much more fuel efficient than cars. In addition, most bicycles, scooters and other vehicles deployed in micromobility fleets are electric, which helps reduce emissions.
- Need for a cost-effective short-haul ride: The growing demand for cost-effective first and last mile trips is boosting the Taiwanese micromobility market as conventional shared mobility services have failed to bridge this gap. For example, for the $ 1 people pay for a one-mile carpool ride, a micromobility ride costs only $ 0.3.
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The COVID-19 pandemic has helped Taiwan’s micromobility market thrive as lockdowns led to cuts in bus and metro services. Additionally, since these forms of transportation are associated with overcrowding, people prefer micromobility services to maintain social distancing and reduce the risk of contracting the infection.
In the past, the Taiwanese micromobility market generated the highest revenue in the electric moped category, depending on the type of vehicle. Due to people’s preference for these two-wheelers, service providers are increasing their numbers in their fleets. In addition, electric mopeds have a higher travel cost than bicycles, which makes them economically better for market players.
The largest share of the Taiwanese micromobility market in the coming years, based on the model, will be held by the first and last mile bifurcation. Most of the country’s commuters take advantage of these services to reach their homes or offices from transit hubs such as metro stations and bus stops or to travel the other way around. To avoid paying too much for classic shared mobility services and to save walking time, we opt for micromobility here.
In the near future, the dockless bifurcation will progress more quickly in the Taiwanese micromobility market, under segmentation by sharing system. Dockless systems work without dedicated pickup and drop-off stations, making commuters more convenient, while for market players, they end up being cost effective.
Browse the Detailed Taiwan Micromobility Market Size Report and Growth Forecast to 2030
The leading companies in the Taiwanese micromobility market are Gogoro Inc., Heyun Car Rental Co. Ltd., YouBike Co. Ltd., WeMo Technology Co. Ltd., Gokube Co. Ltd., MOOVO MOBILITY LTD., UrDa (ITS ELECTRIC VEHICLE TECHNOLOGY CO. LTD.) And Vmoto Limited.
- Electric scooters
- Electric bikes
- First and last mile
By sharing system
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Vietnamese micromobility market – The Vietnam the size of the micromobility market was $ 89.9 million in 2020, and it is expected to expand to $ 10,227.2 million by 2030.
Micromobility market in Turkey – The Turkey the market value of micromobility was $ 92.8 million in 2020, and it should reach $ 14,711.1 million by 2030.
Philippine micromobility market – The Philippines the market value of micromobility was $ 1.9 million in 2020, and it is expected to increase to $ 13,899.7 million by 2030.
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