DUBLIN, January 25, 2022--(BUSINESS WIRE)--The "Singapore Micromobility Market Research Report: By Type, Model, Sharing System - Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The Singaporean micromobility market size is set to witness a 64.2% CAGR during 2021-2030, to reach $1,817.9 million by 2030 from $15.8 million in 2020.
Since traditional mass transit means, such as buses and metros, are overcrowded, they have raised a serious threat of infection during the pandemic. Hence, the Singaporean micromobility market has been impacted positively as people are using these services to maintain social distancing. Further, bus and metro services were curtailed during the lockdowns, which further drove the popularity of such shared mobility services.
The bikes category will grow the fastest in the Singaporean micromobility market in the coming years, based on vehicle type. These vehicles are environment-friendly and cost-effective for usage. Moreover, due to the presence of numerous service providers, Singapore is one of the biggest bike sharing markets in Asia-Pacific (APAC).
In the past, the first- and last-mile bifurcation dominated the Singaporean micromobility market, on the basis of model. The high population and restrictions on personal vehicles have created a vast unmet need for first- and last-mile transportation, where micromobility has emerged as an efficient solution.
The dockless bifurcation is predicted to generate the highest revenue in the Singaporean micromobility market, under segmentation by sharing system, in the near future. As such systems eliminate the need for docking stations, they offer commuters the convenience of picking up and dropping off the two-wheeler wherever they want and help market players save on the initial investment.
The biggest Singaporean micromobility market players are SG Bike Pte Ltd., Beam Mobility Holdings Pte. Ltd., Moov Technology (S) Pte. Ltd., Grab Holdings Inc., Ningbo MYWAY Intelligent Technology Co. Ltd., Niu Technologies, and Segway Inc.
Key Findings of Singapore Micromobility Market Report
Unfavorable vehicle ownership laws boosting micromobility demand
More people availing of services since COVID-19 outbreak
E-scooters to be preferred micromobility vehicle in coming years
Dockless sharing systems preferred by commuters and service providers
Micromobility effective in bridging first- and last-mile gap
5G technology to strengthen micromobility landscape in Singapore
Key Topics Covered:
Chapter 1. Research Scope
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Voice of Industry Experts/KOLs
Chapter 5. Market Indicators
5.1 Total Population
5.2 Vehicle in Use
Chapter 6. Definition of Market Segments
6.1 By Vehicle Type
6.2 By Model
6.2.1 First- and last-mile
6.3 By Sharing System
Chapter 7. Industry Outlook
7.1 Market Dynamics
18.104.22.168 Automotive OEMs finding vast potential in the micromobility landscape
22.214.171.124 Growing investments in micromobility market
126.96.36.199 Compact country size and stringent vehicle ownership regulations
188.8.131.52 Need for efficient transportation system for short distances
184.108.40.206 Impact analysis of drivers on market forecast
220.127.116.11 Strict government regulation
18.104.22.168 Weather and infrastructure challenges
22.214.171.124 Impact analysis of restraints on market forecast
126.96.36.199 IoT devices overcome challenges in micromobility industry
188.8.131.52 Future of micromobility: 5G and autonomous technology
184.108.40.206 Transition from vehicle ownership to MaaS
7.2 Impact of COVID-19
7.1 Policy and Regulatory Landscape
Chapter 8. Singapore Market Size and Forecast
8.1 Market Size and Forecast
8.1.1 By Vehicle Type
8.1.2 By Model
8.1.3 By Sharing System
8.2 Micromobility TAM
8.2.1 By Vehicle Type
8.2.2 By Model
8.2.3 By Sharing System
Chapter 9. Key Recommendations
9.1 Analyst View
9.2 Recommendation for Fleet Size and Infrastructure
9.3 Recommendation for Cost/Revenue for Micromobility Services
Chapter 10. Competitive Landscape
10.1 List of Market Players and Their Offerings
10.2 Key Micromobility Players and Funding Status
10.3 Major Manufacturers and Their Product Offerings
10.4 Recent Strategic Developments
Chapter 11. Company Profiles
SG Bike Pte Ltd
Moov Technology (S) Pte Ltd.
Beam Mobility Holdings Pte. Ltd.
Grab Holdings Inc.
Ningbo MYWAY Intelligent Technology Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/kog0ca
View source version on businesswire.com: https://www.businesswire.com/news/home/20220125006023/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900