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The “Philippines Micromobility Markets 2021-2030 by Type, Model, Sharing System” the report was added to ResearchAndMarkets.com offer.
The micromobility market in the Philippines was worth $ 1.9 million in 2020 and is expected to reach $ 13,899.7 million by 2030, with a CAGR of 158.6% from 2021 to 2030.
The COVID-19 pandemic has had a positive impact on the micromobility market in the Philippines. Due to the pandemic, people prefer micromobility over conventional shared mobility because it will allow them to maintain social distancing.
For example, when stay-at-home orders were lifted in Manila, large numbers of people started commuting to work by bicycle or on foot, instead of using public transport services, such as buses.
The electric moped category has generated the highest revenue in the Philippine micromobility market in the past, in the vehicle types segment. This category will also experience the fastest growth in the coming years due to the economical nature of electric moped sharing services.
The dockless category has dominated the Philippine micromobility market in recent years and is also expected to grow faster in the coming years in the sharing systems segment. The dockless sharing system is increasingly adopted by market players due to the growing customer preference for this system over the dockside system. Indeed, vehicles deployed via such systems can be collected and dropped off anywhere.
The first and last mile category has held the largest share of the Philippine micromobility market in recent years, in the model segment. This was mainly due to the large unmet demand for a cost-effective and efficient means of transport for the first and last mile journeys.
The market is driven by:
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Growing Demand for Pollution Mitigation: With the heavy use of fossil-fueled automobiles, air pollution levels are increasing at an alarming rate in the Philippines, subsequently resulting in a sharp increase in the prevalence of various lung diseases. As micromobility reduces the need to own a personal vehicle, its increasing adoption is expected to reduce the number of vehicles on the country’s roads, thereby alleviating air pollution.
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Declining prices of electric vehicle batteries: With the decline in the prices of batteries used in electric vehicles, the adoption of the latter is booming in the country. In addition, it encourages many players in the micromobility market in the Philippines to adopt electric vehicles. In addition, several market players are integrating new generation lithium-ion batteries because of their greater respect for the environment, their increased operating economy and their reduced charging time.
Key Findings of the Philippines Micromobility Market Report
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The growing demand for greener environments is the main driver of the market
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Micromobility for better first and last mile connectivity
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The popularity of electric mopeds was highest in the past
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Adoption of dockless sharing systems will increase
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Micromobility service providers embrace electric vehicles
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Market players focused on expanding services
The major players operating in the Philippine micromobility market are
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Grab Holdings Inc.
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Giant Manufacturing Co. Ltd.
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Moovr PH
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Ningbo Kaabo Technology Co. Ltd.
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Merida & Centurion Germany GmbH
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StreetWheels Philippines
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Niu Technologies
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Ningbo MYWAY Intelligent Technology Co. Ltd.
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Kwang Yang Motor Co. Ltd.
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Segway Inc.
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Vmoto Limited
Main topics covered:
Chapter 1. Scope of the research
Chapter 2. Research methodology
Chapter 3. Executive summary
Chapter 4. The Voice of Industry Experts / KOL
Chapter 5. Market indicators
5.1 Total population
5.2 Passenger car – Vehicle in circulation
Chapter 6. Definition of market segments
6.1 By vehicle type
6.1.1 Electric scooters
6.1.2 Electric bikes
6.1.3 Electric mopeds
6.1.4 Electronic pods
6.1.5 Bicycles
6.1.6 Scooters
6.2 By model
6.2.1 First and last mile
6.2.2 Multimodal
6.3 By sharing system
6.3.1 In the resort
6.3.2 Without docking station
Chapter 7. Industry Outlook
7.1 Market dynamics
7.1.1 Trends
7.1.1.1 Adoption of battery exchange technology for recharging micromobility fleets
7.1.2 Drivers
7.1.2.1 Focus on reducing air pollution and transportation costs
7.1.2.2 Growing need for efficient first and last mile connectivity
7.1.2.3 Lower battery prices
7.1.2.4 Impact analysis of engines on market forecasts
7.1.3 Constraints
7.1.3.1 Inadequate infrastructure for the deployment of micromobility vehicles
7.1.3.2 Analysis of the impact of constraints on market forecasts
7.1.4 Opportunities
7.1.4.1 Future of micromobility: 5G and autonomous technology
7.2 Impact of COVID-19
7.3 Policy and regulatory landscape
Chapter 8. Philippines 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 TAM micromobility
8.2.1 By vehicle type
8.2.2 By model
8.2.3 By sharing system
Chapter 9. Main recommendations
9.1 Key recommendations for micromobility service providers
Chapter 10. Competitive landscape
10.1 List of market players and their offers
10.2 Key players in micromobility and funding status
10.3 Major Manufacturers and Their Product Offerings
10.4 Recent strategic developments
10.4.1 Extensions
10.4.2 Investment and financing
Chapter 11. Company Profiles
11.1 Company overview
11.2 Product and service offerings
For more information on this report, visit https://www.researchandmarkets.com/r/ymrwb3
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211129005510/en/
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