The Taiwanese micromobility market is expected to advance at an exceptional CAGR of 61.3% during the forecast period (2021-2030), due to the increasing need to reduce traffic congestion and air pollution, mounting public focus on curtailing transportation costs, and burgeoning demand for efficient transportation systems for short distance commute in the country. According to the publisher, the market was valued at $47.3 million in 2020, and it is expected to generate $5,981.6 million revenue by 2030.
At present, the people of Taiwan are constantly searching for efficient transportation systems for commuting short distances, owing to which, the market is growing at a considerable pace. City dwellers are consistently adopting transportation systems that bridge the surging gap between first- and last-mile connectivity, owing to the vast population, excessive traffic congestion, high vehicle cost, and scarce parking space in the country. To cater to this need, micromobility service providers are providing e-rickshaws, bikes, cycles, e-scooters, shared pods, and skates for the Taiwanese population. Currently, dockless bike sharing is one of the most preferred last-mile transit modes in the nation.
Moreover, the increasing requirement to control air pollution and reduce transportation costs will also support the Taiwanese micromobility market growth in the foreseeable future. The adoption of micromobility services can significantly reduce daily fuel consumption, owing to which, market players and the government are focusing on creating a micromobility ecosystem that thrives on electric vehicles (EVs). Additionally, the cost-effective travel option offered by these services has also encouraged more people to complete their walking phase with shared micromobility options.
In recent years, the surging interest of automotive original equipment manufacturers (OEMs) on introducing micromobility services and concept vehicles has become a prominent trend in the Taiwanese micromobility market. Several OEMs are partnering and collaborating with the existing mobility as a service (MaaS) startups to reach out to the customers of micromobility services. Over the last few years, there has been a significant surge in the number of micromobility startups in the country, due to the soaring need for last-mile connectivity, primarily in urban centers.
The vehicle type segment of the Taiwanese micromobility market is categorized into scooters, e-scooters, e-mopeds, bikes, e-bikes, and e-pods. Under this segment, the e-mopeds category generated the highest revenue in 2020, because the people of Taiwan prefer two-wheelers, such as motorcycles and mopeds, over any other transportation mode. As e-mopeds have higher ride costs per minute than bikes, the e-mopeds category is generating the highest revenue in this segment in the market.
At present, the companies operating in the Taiwanese micromobility market are expanding their facilities to stay ahead of their competitors. For instance, in October 2019, WeMo Technology Co. Ltd., an e-moped rental share service providing company, expanded its reach in Kaohsiung city in Taiwan. In the initial phase, the player introduced 300 e-mopeds in the highly populous areas of Kaohsiung, such as Cianjhen, Nanzih, and Zuoying districts. Additionally, the company also plans to expand its fleet to 5,000 vehicles by 2022.
Thus, the burgeoning demand for efficient mobility options for first- and last-mile connectivity and soaring need to curtail air pollution and decrease transportation costs will augment the demand for micromobility services in Taiwan in the years to come.
Moreover, the increasing requirement to control air pollution and reduce transportation costs will also support the Taiwanese micromobility market growth in the foreseeable future. The adoption of micromobility services can significantly reduce daily fuel consumption, owing to which, market players and the government are focusing on creating a micromobility ecosystem that thrives on electric vehicles (EVs). Additionally, the cost-effective travel option offered by these services has also encouraged more people to complete their walking phase with shared micromobility options.
In recent years, the surging interest of automotive original equipment manufacturers (OEMs) on introducing micromobility services and concept vehicles has become a prominent trend in the Taiwanese micromobility market. Several OEMs are partnering and collaborating with the existing mobility as a service (MaaS) startups to reach out to the customers of micromobility services. Over the last few years, there has been a significant surge in the number of micromobility startups in the country, due to the soaring need for last-mile connectivity, primarily in urban centers.
The vehicle type segment of the Taiwanese micromobility market is categorized into scooters, e-scooters, e-mopeds, bikes, e-bikes, and e-pods. Under this segment, the e-mopeds category generated the highest revenue in 2020, because the people of Taiwan prefer two-wheelers, such as motorcycles and mopeds, over any other transportation mode. As e-mopeds have higher ride costs per minute than bikes, the e-mopeds category is generating the highest revenue in this segment in the market.
At present, the companies operating in the Taiwanese micromobility market are expanding their facilities to stay ahead of their competitors. For instance, in October 2019, WeMo Technology Co. Ltd., an e-moped rental share service providing company, expanded its reach in Kaohsiung city in Taiwan. In the initial phase, the player introduced 300 e-mopeds in the highly populous areas of Kaohsiung, such as Cianjhen, Nanzih, and Zuoying districts. Additionally, the company also plans to expand its fleet to 5,000 vehicles by 2022.
Thus, the burgeoning demand for efficient mobility options for first- and last-mile connectivity and soaring need to curtail air pollution and decrease transportation costs will augment the demand for micromobility services in Taiwan in the years to come.
Frequently Asked Questions about the Taiwanese Micromobility Market
What is the estimated value of the Taiwanese Micromobility Market?
What is the growth rate of the Taiwanese Micromobility Market?
What is the forecasted size of the Taiwanese Micromobility Market?
Who are the key companies in the Taiwanese Micromobility Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 92 |
| Published | September 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 47.3 Million |
| Forecasted Market Value ( USD | $ 5981.6 Million |
| Compound Annual Growth Rate | 62.3% |
| Regions Covered | Taiwan |
| No. of Companies Mentioned | 11 |
Table of Contents
Chapter 1. Research Scope1.1 Research Objectives
1.2 Market Definition
1.3 Analysis Period
1.4 Market Data Reporting Unit
1.4.1 Volume
1.4.2 Value
1.5 Market Size Breakdown by Segment
1.5.1 Market Segmentation by Vehicle Type
1.5.2 Market Segmentation by Model
1.5.3 Market Segmentation by Sharing System
1.6 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.1.1 Paid
2.1.2 Unpaid
2.1.3 Publisher Database
2.2 Primary Research
2.2.1 Breakdown of Primary Research, by Industry Participant
2.2.2 Breakdown of Primary Research, by Designation
2.3 Market Size and TAM Estimation
2.3.1 Market Size Estimation
2.3.2 Total Addressable Market Size Estimation
2.3.2.1 Walking kilometers TAM estimation
2.3.2.2 Vehicle kilometers TAM estimation
2.4 Data Triangulation
2.5 Currency Conversion Rates
2.6 Notes and Caveats
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
6.1.1 E-Scooters
6.1.2 E-Bikes
6.1.3 E-Mopeds
6.1.4 E-Pods
6.1.5 Bikes
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 Station-based
6.3.2 Dockless
Chapter 7. Industry Outlook
7.1 Market Dynamics
7.1.1 Trends
7.1.1.1 Adoption of battery swapping technology for charging micromobility fleets
7.1.1.2 Increasing Interest of automotive OEMs in micromobility market and growing investment in micromobility market
7.1.2 Drivers
7.1.2.1 Requirement of controlling air pollution and reducing transportation cost
7.1.2.2 Need for efficient transportation system for short distances
7.1.2.3 Need for reducing traffic congestion
7.1.3 Restraints
7.1.3.1 Weather and infrastructure challenges
7.1.3.2 Impact analysis of restraints on market forecast
7.1.4 Opportunities
7.1.4.1 Future of micromobility: 5G and autonomous technology
7.1.4.2 Transition from vehicle ownership to MaaS
7.1.4.3 Large fleet of mopeds
7.2 Impact of COVID-19 on Taiwan Micromobility Market
Chapter 8. Policy and Regulatory Landscape
Chapter 9. Taiwan Market Size and Forecast
9.1 Market Size and Forecast
9.1.1 By Vehicle Type
9.1.2 By Model
9.1.3 By Sharing System
9.2 Micromobility TAM
9.2.1 By Vehicle Type
9.2.2 By Model
9.2.3 By Sharing System
Chapter 10. Key Recommendations for Micro-Mobility Service Providers
10.1 Analyst View
10.2 Recommendation for Fleet Size and Infrastructure
10.3 Recommendation for Cost/Revenue for Micromobility Services
Chapter 11. Competitive Landscape
11.1 List of Market Players and Their Offerings
11.2 Key Micromobility Players and Funding Status
11.3 Major Manufacturers and Their Product Offerings
11.4 Recent Strategic Developments
11.4.1 Expansions
11.4.2 Collaborations and Partnerships
11.4.3 Investment and Funding
Chapter 12. Company Profiles
12.1 Gogoro Inc.
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.2 Beam Mobility Holdings Pte. Ltd.
12.2.1 Business Overview
12.2.2 Product and Service Offerings
12.3 Moov Technology (S) Pte Ltd.
12.3.1 Business Overview
12.3.2 Product and Service Offerings
12.4 WeMo Technology Co. Ltd.
12.4.1 Business Overview
12.4.2 Product and Service Offerings
12.5 Heyun Car Rental Co. Ltd.
12.5.1 Business Overview
12.5.2 Product and Service Offerings
12.6 Gokube Co. Ltd.
12.6.1 Business Overview
12.6.2 Product and Service Offerings
12.7 UrDa (ITS ELECTRIC VEHICLE TECHNOLOGY CO. LTD.)
12.7.1 Business Overview
12.7.2 Product and Service Offerings
12.8 MOOVO MOBILITY LTD
12.8.1 Business Overview
12.8.2 Product and Service Offerings
12.9 YouBike Co. Ltd.
12.9.1 Business Overview
12.9.2 Product and Service Offerings
12.10 Giant Manufacturing Co. Ltd.
12.10.1 Business Overview
12.10.2 Product and Service Offerings
12.11 Segway Inc.
12.11.1 Business Overview
12.11.2 Product and Service Offerings
Chapter 13. Appendix
13.1 Abbreviations
13.2 Sources and References
13.3 Related Reports
LIST OF TABLES
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 MODE SHIFT FOR WALKING KILOMETERS, BY VEHICLE CATEGORY
TABLE 3 MODE SHIFT FOR WALKING KILOMETERS, BASED ON PURPOSE OF TRIP
TABLE 4 MODE SHIFT FOR VEHICLE KILOMETERS
TABLE 5 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 6 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 7 E-MOPED SERVICES OFFERED BY PLAYERS, 2020
TABLE 8 TAIWAN MICROMOBILITY FLEET SIZE AND FORECAST, ‘000 UNITS (2019–2025)
TABLE 9 TAIWAN MICROMOBILITY FLEET SIZE AND FORECAST, ‘000 UNITS (2026–2030)
TABLE 10 TAIWAN MICROMOBILITY MARKET, $M (2015–2020)
TABLE 11 TAIWAN MICROMOBILITY MARKET, $M (2021–2030)
TABLE 12 TAIWAN MICROMOBILITY MARKET SIZE, BY VEHICLE TYPE, $M (2019–2025)
TABLE 13 TAIWAN MICROMOBILITY MARKET SIZE, BY VEHICLE TYPE, $M (2026–2030)
TABLE 14 TAIWAN MICROMOBILITY MARKET SIZE, BY MODEL, $M (2019–2025)
TABLE 15 TAIWAN MICROMOBILITY MARKET SIZE, BY MODEL, $M (2026–2030)
TABLE 16 TAIWAN MICROMOBILITY MARKET SIZE, BY SHARING SYSTEM, $M (2019–2025)
TABLE 17 TAIWAN MICROMOBILITY MARKET SIZE, BY SHARING SYSTEM, $M (2026–2030)
TABLE 18 TAIWAN MICROMOBILITY TAM, BY VEHICLE TYPE, $M (2015–2020)
TABLE 19 TAIWAN MICROMOBILITY TAM, BY VEHICLE TYPE, $M (2021–2030)
TABLE 20 TAIWAN MICROMOBILITY TAM, BY MODEL, $M (2015–2020)
TABLE 21 TAIWAN MICROMOBILITY TAM, BY MODEL, $M (2021–2030)
TABLE 22 TAIWAN MICROMOBILITY TAM, BY SHARING SYSTEM, $M (2015–2020)
TABLE 23 TAIWAN MICROMOBILITY TAM, BY SHARING SYSTEM, $M (2021–2030)
TABLE 24 LIST OF MARKET PLAYERS AND THEIR OFFERINGS
TABLE 25 LIST OF KEY MICROMOBILITY PLAYERS AND TOTAL FUNDING RAISED (AS OF JUNE 2021)
TABLE 26 LIST OF MAJOR MANUFACTURERS AND THEIR PRODUCT OFFERINGS
TABLE 27 GOGORO INC. – AT A GLANCE
TABLE 28 BEAM MOBILITY HOLDINGS PTE. LTD. – AT A GLANCE
TABLE 29 MOOV TECHNOLOGY (S) PTE LTD. – AT A GLANCE
TABLE 30 WEMO TECHNOLOGY CO. LTD. – AT A GLANCE
TABLE 31 HEYUN CAR RENTAL CO. LTD. – AT A GLANCE
TABLE 32 GOKUBE CO. LTD. – AT A GLANCE
TABLE 33 URDA (ITS ELECTRIC VEHICLE TECHNOLOGY CO. LTD.) – AT A GLANCE
TABLE 34 MOOVO MOBILITY LTD. – AT A GLANCE
TABLE 35 YOUBIKE CO. LTD. – AT A GLANCE
TABLE 36 GIANT MANUFACTURING CO. LTD. – AT A GLANCE
TABLE 37 SEGWAY INC. – AT A GLANCELIST OF FIGURES
FIG 1 MARKET SIZE BREAKDOWN BY SEGMENT
FIG 2 RESEARCH METHODOLOGY
FIG 3 BREAKDOWN OF PRIMARY RESEARCH, BY INDUSTRY PARTICIPANT
FIG 4 BREAKDOWN OF PRIMARY RESEARCH, BY DESIGNATION
FIG 5 BOTTOM-UP APPROACH FOR MARKET SIZE CALCULATION
FIG 6 TAM CALCULATION METHODOLOGY
FIG 7 MICROMOBILITY SHIFT MODELING METHODOLOGY FACTORS
FIG 8 DATA TRIANGULATION APPROACH
FIG 9 TAIWAN MICROMOBILITY MARKET SUMMARY
FIG 10 VOICE OF INDUSTRY EXPERTS/KOLS
FIG 11 TAIWAN TOTAL POPULATION IN MILLIONS
FIG 12 TAIWAN TOTAL PASSENGER AND COMMERCIAL VEHICLE AND TWO-WHEELER – VEHICLE IN USE (THOUSAND UNITS)
FIG 13 MICROMOBILITY VEHICLE CLASSIFICATION
FIG 14 TAIWAN MICROMOBILITY MARKET SNAPSHOT
FIG 15 TAIWAN MICROMOBILITY FLEET SIZE AND FORECAST, ‘000 UNITS (2019–2030)
FIG 16 TAIWAN MICROMOBILITY MARKET, $M (2015–2030)
FIG 17 TAIWAN MICROMOBILITY MARKET SIZE, BY VEHICLE TYPE, $M (2019–2030)
FIG 18 TAIWAN MICROMOBILITY MARKET SIZE, BY MODEL, $M (2019–2030)
FIG 19 TAIWAN MICROMOBILITY MARKET SIZE, BY SHARING SYSTEM, $M (2019–2030)
FIG 20 TAIWAN MICROMOBILITY TAM, BY VEHICLE TYPE, $M (2015–2030)
FIG 21 TAIWAN MICROMOBILITY TAM, BY MODEL, $M (2015–2030)
FIG 22 TAIWAN MICROMOBILITY TAM, BY SHARING SYSTEM, $M (2015–2030)"
Companies Mentioned
- Gogoro Inc.
- Beam Mobility Holdings Pte. Ltd.
- Moov Technology (S) Pte Ltd.
- WeMo Technology Co. Ltd.
- Heyun Car Rental Co. Ltd.
- Gokube Co. Ltd.
- UrDa (ITS ELECTRIC VEHICLE TECHNOLOGY CO. LTD.)
- MOOVO MOBILITY LTD
- YouBike Co. Ltd.
- Giant Manufacturing Co. Ltd.
- Segway Inc.
Methodology
LOADING...
