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

  • ID: 5464866
  • Report
  • September 2021
  • Region: Turkey
  • 94 Pages
  • Prescient & Strategic Intelligence Private Limited

FEATURED COMPANIES

  • Bizero Robotics
  • Fenix Technologies Ltd.
  • HOP Teknoloji A.S.
  • Isbike
  • Kwang Yang Motor Co. Ltd.
  • Marti Technologies Inc.
The Turkish micromobility market value stood at $92.8 million in 2020, and it is expected to rise to $14,711.1 million by 2030, demonstrating a 64.5% CAGR between 2021 and 2030.





The market is being driven by:


1. Surging Demand for Cleaner Environment: The rapid environmental degradation is one of the major issues in Turkey. The air pollution level in the country is above the level recommended by the World Health Organization (WHO), and it is responsible for the rising incidence of various health problems. Nearly 27% of the country’s total expenditure on healthcare is for treating diseases caused due to air pollution. As micromobility solutions reduce the requirement for vehicles for short-distance commuting, their growing adoption is expected to lead to fewer vehicles on roads, which will, in turn, cause a sharp fall in the emission of greenhouse gases into the atmosphere.

2. Burgeoning Need for Reducing Road Congestion: The other major factor driving the progress of the Turkish micromobility market is the growing demand for reducing road congestion. Due to the rapid urbanization, the number of vehicles in major Turkish cities, particularly Istanbul, is rising, which is leading to long traffic jams. As micromobility reduces the dependence of people on personal vehicles and provides better connectivity than public transportation systems, it is being preferred over other mobility options.

The COVID-19 pandemic has accelerated the advance of the Turkish micromobility market because people in the country are increasingly preferring single-occupancy mobility over conventional mass transit. This is owing to the former’s ability to ensure the maintenance of proper social distancing and lower the risk of infection.

Turkey Micromobility Market Segmentation Analysis

The e-scooters category held the largest share in the Turkish micromobility market during the last few years, and this trend is expected to continue in the coming years, under the vehicle type segment. The abundant and easy availability of e-scooters in the country, on account of the existence of large fleets, is driving the progress of this category.

The first- and last-mile category is predicted to exhibit the higher growth rate in the Turkish micromobility market in the coming years, within the model segment. The increasing road congestion in the country is creating major parking problems. Moreover, the existing public transportation systems are not able to bridge the gap in first- and last-mile connectivity. As micromobility solutions, such as e-scooters and bikes, don’t require large parking spaces, provide greater convenience, and reduce the traveling time, they are increasingly being adopted for first- and last-mile commuting.

The dockless bifurcation held the larger share in the Turkish micromobility market, under the sharing system segment, in the years gone by. This sharing system has been adopted by a large number of fleet operators in the country. This category is also predicted to demonstrate rapid expansion in the forthcoming years, primarily because of the increasing road congestion and the occurrence of long traffic jams in cities.

The leading players operating in the Turkish micromobility market are Marti Technologies, Hop Teknoloji A.S., Fenix Technologies Ltd., Bizero Robotics, Isbike, Bin Transportation and Smart City Technologies Inc., Segway Inc., Nilespit Smart Bicycle Rental Systems, Kwang Yang Motor Co. Ltd., Bisim Smart Bicycle Rental System, and Niu Technologies.

Key Findings of Turkey Micromobility Market Report

  • Growing requirement for greener environment is driving market
  • Surging road congestion is also propelling demand for micromobility
  • Popularity of e-scooters among commuters will soar in coming years
  • Micromobility solutions majorly used for first- and last-mile commuting
  • Market players focusing on investment and funding activities
  • COVID-19 pandemic is propelling demand for micromobility solutions
Frequently Asked Questions about the Turkish Micromobility Market

What is the estimated value of the Turkish Micromobility Market?

The Turkish Micromobility Market was estimated to be valued at $92.8 Million in 2020.

What is the growth rate of the Turkish Micromobility Market?

The growth rate of the Turkish Micromobility Market is 66.0%, with an estimated value of $14711.1 Million by 2030.

What is the forecasted size of the Turkish Micromobility Market?

The Turkish Micromobility Market is estimated to be worth $14711.1 Million by 2030.

Who are the key companies in the Turkish Micromobility Market?

Key companies in the Turkish Micromobility Market include Marti Technologies Inc., Fenix Technologies Ltd., HOP Teknoloji A.S., Bizero Robotics, Bin Transportation and Smart City Technologies Inc., Isbike, Nilespit Smart Bicycle Rental Systems, Bisim Smart Bicycle Rental System and Kwang Yang Motor Co. Ltd..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Bizero Robotics
  • Fenix Technologies Ltd.
  • HOP Teknoloji A.S.
  • Isbike
  • Kwang Yang Motor Co. Ltd.
  • Marti Technologies Inc.

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 km TAM estimation
2.3.2.2 Vehicle km 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 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 Growing Investments in micromobility market
7.1.1.2 Growing competition in e-scooter category
7.1.2 Drivers
7.1.2.1 Requirement of maintaining green environment
7.1.2.2 Pursuit of efficient transportation system for short distances
7.1.2.3 Mitigating the traffic congestion
7.1.2.4 Impact analysis of drivers on market forecast
7.1.3 Restraints
7.1.3.1 Non-availability of required infrastructure and undefined legal responsibility in the country
7.1.3.2 Impact analysis of restraints on market forecast
7.1.4 Opportunities
7.1.4.1 IoT devices overcome challenges in micromobility industry
7.1.4.2 5G and autonomous technology is a boon for micromobility
7.2 Impact of COVID-19
7.3 Policy and Regulatory Landscape
Chapter 8. Turkey 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
11.1 Marti Technologies Inc.
11.1.1 Business Overview
11.1.2 Product and Service Offerings
11.2 Fenix Technologies Ltd.
11.2.1 Business Overview
11.2.2 Product and Service Offerings
11.3 HOP Teknoloji A.S.
11.3.1 Business Overview
11.3.2 Product and Service Offerings
11.4 Bizero Robotics
11.4.1 Business Overview
11.4.2 Product and Service Offerings
11.5 Bin Transportation and Smart City Technologies Inc.
11.5.1 Business Overview
11.5.2 Product and Service Offerings
11.6 Isbike
11.6.1 Business Overview
11.6.2 Product and Service Offerings
11.7 Nilespit Smart Bicycle Rental Systems
11.7.1 Business Overview
11.7.2 Product and Service Offerings
11.8 Bisim Smart Bicycle Rental System
11.8.1 Business Overview
11.8.2 Product and Service Offerings
11.9 Niu Technologies
11.9.1 Business Overview
11.9.2 Product and Service Offerings
11.9.3 Key Financial Summary
11.10 Kwang Yang Motor Co. Ltd.
11.10.1 Business Overview
11.10.2 Product and Service Offerings
11.11 Segway Inc.
11.11.1 Business Overview
11.11.2 Product and Service Offerings
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, BY PURPOSE OF TRIP
TABLE 4 MODE SHIFT FOR VEHICLE KILOMETERS
TABLE 5 TOTAL FUNDING TO KEY STARTUPS
TABLE 6 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 7 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 8 IMPACT OF COVID-19 CRISIS ON MICROMOBILITY MARKET
TABLE 9 IMPACT OF COVID-19 CRISIS ON MICROMOBILITY MARKET IN TURKEY
TABLE 10 PRICE OF MICROMOBILITY SERVICES OFFERED BY PLAYERS
TABLE 11 TURKEY MICROMOBILITY FLEET SIZE AND FORECAST, ‘000 UNITS (2019–2025)
TABLE 12 TURKEY MICROMOBILITY FLEET SIZE AND FORECAST, ‘000 UNITS (2026–2030)
TABLE 13 TURKEY MICROMOBILITY MARKET, $M (2015–2020)
TABLE 14 TURKEY MICROMOBILITY MARKET, $M (2021–2030)
TABLE 15 TURKEY MICROMOBILITY MARKET SIZE, BY VEHICLE TYPE, $M (2019–2025)
TABLE 16 TURKEY MICROMOBILITY MARKET SIZE, BY VEHICLE TYPE, $M (2026–2030)
TABLE 17 TURKEY MICROMOBILITY MARKET SIZE, BY MODEL, $M (2019–2025)
TABLE 18 TURKEY MICROMOBILITY MARKET SIZE, BY MODEL, $M (2026–2030)
TABLE 19 TURKEY MICROMOBILITY MARKET SIZE, BY SHARING SYSTEM, $M (2019–2025)
TABLE 20 TURKEY MICROMOBILITY MARKET SIZE, BY SHARING SYSTEM, $M (2026–2030)
TABLE 21 TURKEY MICROMOBILITY TAM, BY VEHICLE TYPE, $M (2015–2020)
TABLE 22 TURKEY MICROMOBILITY TAM, BY VEHICLE TYPE, $M (2021–2030)
TABLE 23 TURKEY MICROMOBILITY TAM, BY MODEL, $M (2015–2020)
TABLE 24 TURKEY MICROMOBILITY TAM, BY MODEL, $M (2021–2030)
TABLE 25 TURKEY MICROMOBILITY TAM, BY SHARING SYSTEM, $M (2015–2020)
TABLE 26 TURKEY MICROMOBILITY TAM, BY SHARING SYSTEM, $M (2021–2030)
TABLE 27 LIST OF MARKET PLAYERS AND THEIR OFFERINGS
TABLE 28 LIST OF KEY MICROMOBILITY PLAYERS AND TOTAL FUNDING RAISED (AS OF JUNE 2021)
TABLE 29 LIST OF MAJOR MANUFACTURERS AND THEIR PRODUCT OFFERINGS
TABLE 30 MARTI TECHNOLOGIES INC. – AT A GLANCE
TABLE 31 FENIX TECHNOLOGIES LTD. – AT A GLANCE
TABLE 32 HOP TEKNOLOJI A.S. – AT A GLANCE
TABLE 33 BIZERO ROBOTICS – AT A GLANCE
TABLE 34 BIN TRANSPORTATION AND SMART CITY TECHNOLOGIES INC. – AT A GLANCE
TABLE 35 ISBIKE – AT A GLANCE
TABLE 36 NILESPIT SMART BICYCLE RENTAL SYSTEMS – AT A GLANCE
TABLE 37 BISIM SMART BICYCLE RENTAL SYSTEM – AT A GLANCE
TABLE 38 NIU TECHNOLOGIES – AT A GLANCE
TABLE 39 NIU TECHNOLOGIES – KEY FINANCIAL SUMMARY
TABLE 40 KWANG YANG MOTOR CO. LTD. – AT A GLANCE
TABLE 41 SEGWAY INC. – AT A GLANCE
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 TURKEY MICROMOBILITY MARKET SUMMARY
FIG 10 VOICE OF INDUSTRY EXPERTS/KOLS
FIG 11 TURKEY TOTAL POPULATION IN MILLIONS
FIG 12 TURKEY TOTAL PASSENGER AND COMMERCIAL VEHICLE– VEHICLE IN USE (THOUSAND UNITS)
FIG 13 MICROMOBILITY VEHICLE CLASSIFICATION
FIG 14 TURKEY MICROMOBILITY MARKET SNAPSHOT
FIG 15 TURKEY MICROMOBILITY FLEET SIZE AND FORECAST, ‘000 UNITS (2019–2030)
FIG 16 TURKEY MICROMOBILITY MARKET, $M (2015–2030)
FIG 17 TURKEY MICROMOBILITY MARKET SIZE, BY VEHICLE TYPE, $M (2019–2030)
FIG 18 TURKEY MICROMOBILITY MARKET SIZE, BY MODEL, $M (2019–2030)
FIG 19 TURKEY MICROMOBILITY MARKET SIZE, BY SHARING SYSTEM, $M (2019–2030)
FIG 20 TURKEY MICROMOBILITY TAM, BY VEHICLE TYPE, $M (2015–2030)
FIG 21 TURKEY MICROMOBILITY TAM, BY MODEL, $M (2015–2030)
FIG 22 TURKEY MICROMOBILITY TAM, BY SHARING SYSTEM, $M (2015–2030)
FIG 23 NIU TECHNOLOGIES – REVENUE SPLIT BY PRODUCT CATEGORY AND GEOGRAPHY (2020)
Note: Product cover images may vary from those shown
  • Marti Technologies Inc.
  • Fenix Technologies Ltd.
  • HOP Teknoloji A.S.
  • Bizero Robotics
  • Bin Transportation and Smart City Technologies Inc.
  • Isbike
  • Nilespit Smart Bicycle Rental Systems
  • Bisim Smart Bicycle Rental System
  • Niu Technologies
  • Kwang Yang Motor Co. Ltd.
  • Segway Inc.
Note: Product cover images may vary from those shown

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