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Philippines Micromobility Market Research Report: By Type, Model, Sharing System - Industry Analysis and Growth Forecast to 2030

  • ID: 5464865
  • Report
  • September 2021
  • Region: Philippines
  • 94 Pages
  • Prescient & Strategic Intelligence Private Limited

FEATURED COMPANIES

  • Grab Holdings Inc.
  • Kwang Yang Motor Co. Ltd.
  • Moovr PH
  • Niu Technologies
  • Segway Inc.
  • StreetWheels Philippines
The Philippines micromobility market value stood at $1.9 million in 2020, and it is predicted to surge to $13,899.7 million by 2030, exhibiting a CAGR of 158.6% from 2021 to 2030.





The market is being driven by:


  • Rising Demand for Mitigating Pollution: With the extensive use of fossil-fuel-powered automobiles, air pollution levels are rising at an alarming pace in the Philippines, which is subsequently causing a sharp rise in the prevalence of various lung diseases. As micromobility reduces the requirement for personal vehicle ownership, its increasing adoption is expected to reduce the number of vehicles on the country’s roads, thereby mitigating air pollution.
  • Falling Prices of Electric Vehicle Batteries: With the declining prices of the batteries used in electric vehicles, the latter’s adoption is surging in the country. Moreover, this is encouraging many Philippines micromobility market players to adopt electric vehicles. Additionally, several market players are incorporating new-age lithium-ion batteries on account of their greater eco-friendliness, increased running economy, and reduced charging time.

The COVID-19 pandemic has positively impacted the Philippines micromobility market. Owing to the pandemic, people are preferring micromobility over conventional shared mobility, as it will allow them to maintain social distancing. For example, when the stay-at-home orders were lifted in Manila, a large number of people began cycling or walking to work, instead of using public transportation services, such as buses.

Philippines Micromobility Market Segmentation Analysis

The e-mopeds category contributed the highest revenue to the Philippines micromobility market in the past, under the vehicle type segment. This category will also exhibit the fastest growth in the coming years owing to the economical nature of e-moped sharing services.

The dockless category dominated the Philippines micromobility market during the last few years, and it is predicted to demonstrate the faster growth in the forthcoming years as well, within the sharing system segment. The dockless sharing system is being increasingly adopted by market players on account of the rising preference of customers for it over the docked system. This is because the vehicles deployed via such systems can be picked up and dropped off anywhere.

The first- and last-mile category held the larger share in the Philippines micromobility market during the past few years, under the model segment. This was mainly because of the vast unmet demand for a cost-effective and efficient means of transport for first- and last-mile commute.

The most-significant players operating in the Philippines micromobility market are Grab Holdings Inc., Merida & Centurion Germany GmbH, StreetWheels Philippines, Segway Inc., Vmoto Limited, Kwang Yang Motor Co. Ltd., Niu Technologies, Ningbo Kaabo Technology Co. Ltd., Moovr PH, Ningbo MYWAY Intelligent Technology Co. Ltd., and Giant Manufacturing Co. Ltd.

Key Findings of Philippines Micromobility Market Report

  • Soaring demand for greener environment biggest market driver
  • Micromobility providing better first- and last-mile connectivity
  • Popularity of e-mopeds was highest in past
  • Adoption of dockless sharing systems will surge
  • Micromobility service providers adopting electric vehicles
  • Market players focusing on service expansion
Frequently Asked Questions about the Philippine Micromobility Market

What is the estimated value of the Philippine Micromobility Market?

The Philippine Micromobility Market was estimated to be valued at $1.9 Million in 2020.

What is the growth rate of the Philippine Micromobility Market?

The growth rate of the Philippine Micromobility Market is 143.5%, with an estimated value of $13899.7 Million by 2030.

What is the forecasted size of the Philippine Micromobility Market?

The Philippine Micromobility Market is estimated to be worth $13899.7 Million by 2030.

Who are the key companies in the Philippine Micromobility Market?

Key companies in the Philippine Micromobility Market include Grab Holdings Inc., Giant Manufacturing Co. Ltd., Moovr PH, Ningbo Kaabo Technology Co. Ltd., Merida & Centurion Germany GmbH, StreetWheels Philippines, Niu Technologies, Ningbo MYWAY Intelligent Technology Co. Ltd. and Segway Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Grab Holdings Inc.
  • Kwang Yang Motor Co. Ltd.
  • Moovr PH
  • Niu Technologies
  • Segway Inc.
  • StreetWheels Philippines

Chapter 1. Research Scope
1.1 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 SummaryChapter 4. Voice of Industry Experts/KOLs
Chapter 5. Market Indicators
5.1 Total Population
5.2 Passenger Car – 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
7.1.2 Drivers
7.1.2.1 Focus on reducing air pollution and transportation cost
7.1.2.2 Growing need for efficient first- and last-mile connectivity
7.1.2.3 Declining battery prices
7.1.2.4 Impact analysis of drivers on market forecast
7.1.3 Restraints
7.1.3.1 Improper infrastructure for deployment of micromobility vehicles
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
7.2 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 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 Key Recommendations for Micromobility Service Providers
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
10.4.1 Expansions
10.4.2 Investment and Funding
Chapter 11. Company Profiles
11.1 Grab Holdings Inc.
11.1.1 Business Overview
11.1.2 Product and Service Offerings
11.2 Giant Manufacturing Co. Ltd.
11.2.1 Business Overview
11.2.2 Product and Service Offerings
11.3 Moovr PH
11.3.1 Business Overview
11.3.2 Product and Service Offerings
11.4 Ningbo Kaabo Technology Co. Ltd.
11.4.1 Business Overview
11.4.2 Product and Service Offerings
11.5 Merida & Centurion Germany GmbH
11.5.1 Business Overview
11.5.2 Product and Service Offerings
11.6 StreetWheels Philippines
11.6.1 Business Overview
11.6.2 Product and Service Offerings
11.7 Niu Technologies
11.7.1 Business Overview
11.7.2 Product and Service Offerings
11.7.3 Key Financial Summary
11.8 Ningbo MYWAY Intelligent Technology Co. Ltd.
11.8.1 Business Overview
11.8.2 Product and Service Offerings
11.9 Kwang Yang Motor Co. Ltd.
11.9.1 Business Overview
11.9.2 Product and Service Offerings
11.10 Segway Inc.
11.10.1 Business Overview
11.10.2 Product and Service Offerings
11.11 Vmoto Limited
11.11.1 Business Overview
11.11.2 Product and Service Offerings
11.11.3 Key Financial Summary
Chapter 12. Appendix
12.1 Abbreviations
12.2 Sources and References
12.3 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 PHILIPPINES MICROMOBILITY FLEET SIZE AND FORECAST, ‘000 UNITS (2019–2025)
TABLE 8 PHILIPPINES MICROMOBILITY FLEET SIZE AND FORECAST, ‘000 UNITS (2026–2030)
TABLE 9 PHILIPPINES MICROMOBILITY MARKET, $M (2015–2020)
TABLE 10 PHILIPPINES MICROMOBILITY MARKET, $M (2021–2030)
TABLE 11 PHILIPPINES MICROMOBILITY MARKET SIZE, BY VEHICLE TYPE, $M (2019–2025)
TABLE 12 PHILIPPINES MICROMOBILITY MARKET SIZE, BY VEHICLE TYPE, $M (2026–2030)
TABLE 13 PHILIPPINES MICROMOBILITY MARKET SIZE, BY MODEL, $M (2019–2025)
TABLE 14 PHILIPPINES MICROMOBILITY MARKET SIZE, BY MODEL, $M (2026–2030)
TABLE 15 PHILIPPINES MICROMOBILITY MARKET SIZE, BY SHARING SYSTEM, $M (2019–2025)
TABLE 16 PHILIPPINES MICROMOBILITY MARKET SIZE, BY SHARING SYSTEM, $M (2026–2030)
TABLE 17 PHILIPPINES MICROMOBILITY TAM, BY VEHICLE TYPE, $M (2015–2020)
TABLE 18 PHILIPPINES MICROMOBILITY TAM, BY VEHICLE TYPE, $M (2021–2030)
TABLE 19 PHILIPPINES MICROMOBILITY TAM, BY MODEL, $M (2015–2020)
TABLE 20 PHILIPPINES MICROMOBILITY TAM, BY MODEL, $M (2021–2030)
TABLE 21 PHILIPPINES MICROMOBILITY TAM, BY SHARING SYSTEM, $M (2015–2020)
TABLE 22 PHILIPPINES MICROMOBILITY TAM, BY SHARING SYSTEM, $M (2021–2030)
TABLE 23 LIST OF MARKET PLAYERS AND THEIR OFFERINGS
TABLE 24 LIST OF KEY MICROMOBILITY PLAYERS AND TOTAL FUNDING RAISED (AS OF JUNE 2021)
TABLE 25 LIST OF MAJOR MANUFACTURERS AND THEIR PRODUCT OFFERINGS
TABLE 26 GRAB HOLDINGS INC. – AT A GLANCE
TABLE 27 GIANT MANUFACTURING CO. LTD. – AT A GLANCE
TABLE 28 MOOVR PH – AT A GLANCE
TABLE 29 NINGBO KAABO TECHNOLOGY CO. LTD. – AT A GLANCE
TABLE 30 MERIDA & CENTURION GERMANY GMBH – AT A GLANCE
TABLE 31 STREETWHEELS PHILIPPINES – AT A GLANCE
TABLE 32 NIU TECHNOLOGIES – AT A GLANCE
TABLE 33 NIU TECHNOLOGIES – KEY FINANCIAL SUMMARY
TABLE 34 NINGBO MYWAY INTELLIGENT TECHNOLOGY CO. LTD. – AT A GLANCE
TABLE 35 KWANG YANG MOTOR CO. LTD. – AT A GLANCE
TABLE 36 SEGWAY INC. – AT A GLANCE
TABLE 37 VMOTO LIMITED – AT A GLANCE
TABLE 38 VMOTO LIMITED – KEY FINANCIAL SUMMARY
LIST 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 PHILIPPINES MICROMOBILITY MARKET SUMMARY
FIG 10 VOICE OF INDUSTRY EXPERTS/KOLS
FIG 11 PHILIPPINES TOTAL POPULATION IN MILLIONS
FIG 12 PHILIPPINES TOTAL PASSENGER CAR – VEHICLE IN USE (MILLION UNITS)
FIG 13 MICROMOBILITY VEHICLE CLASSIFICATION
FIG 14 PHILIPPINES MICROMOBILITY MARKET SNAPSHOT
FIG 15 PHILIPPINES MICROMOBILITY FLEET SIZE AND FORECAST, ‘000 UNITS (2019–2030)
FIG 16 PHILIPPINES MICROMOBILITY MARKET, $M (2019–2030)
FIG 17 PHILIPPINES MICROMOBILITY MARKET SIZE, BY VEHICLE TYPE, $M (2019–2030)
FIG 18 PHILIPPINES MICROMOBILITY MARKET SIZE, BY MODEL, $M (2019–2030)
FIG 19 PHILIPPINES MICROMOBILITY MARKET SIZE, BY SHARING SYSTEM, $M (2019–2030)
FIG 20 PHILIPPINES MICROMOBILITY TAM, BY VEHICLE TYPE, $M (2015–2030)
FIG 21 PHILIPPINES MICROMOBILITY TAM, BY MODEL, $M (2015–2030)
FIG 22 PHILIPPINES MICROMOBILITY TAM, BY SHARING SYSTEM, $M (2015–2030)
FIG 23 NIU TECHNOLOGIES – REVENUE SPLIT BY PRODUCT CATEGORY AND GEOGRAPHY (2020)
FIG 24 VMOTO LIMITED – REVENUE SPLIT BY GEOGRAPHY (2020)
Note: Product cover images may vary from those shown
  • Grab Holdings Inc.
  • Giant Manufacturing Co. Ltd.
  • Moovr PH
  • Ningbo Kaabo Technology Co. Ltd.
  • Merida & Centurion Germany GmbH
  • StreetWheels Philippines
  • Niu Technologies
  • Ningbo MYWAY Intelligent Technology Co. Ltd.
  • Kwang Yang Motor Co. Ltd.
  • Segway Inc.
  • Vmoto Limited
Note: Product cover images may vary from those shown

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