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

  • ID: 5464873
  • Report
  • September 2021
  • Region: Thailand
  • 98 Pages
  • Prescient & Strategic Intelligence Private Limited

FEATURED COMPANIES

  • Anywheel Pte. Ltd.
  • Falcon Go
  • Grab Holdings Inc.
  • Innotra Co. Ltd.
  • Niu Technologies
  • Segway Inc.
The value of the Thailand micromobility market will grow from $11.8 million in 2020 to $15,102.1 million by 2030, at a 98.7% CAGR between 2021 and 2030, according to the market research report.





Key reasons behind the burgeoning demand for such services are:


  • Cost-Effectiveness and Convenience: Shared mobility is already known to be more cost-effective than owning and maintaining private vehicles, as the vehicle purchase cost, fuel, servicing, and parking expenses, and insurance premiums are borne by the service providers. Moreover, rides on these two-wheelers are available for between THB 5-10 per 30 minutes after a base fare, which makes them popular among the masses. Further, the rides can be booked 24/7 via service providers’ mobile application or website, thus resulting in high convenience.
  • Urban Congestion and Air Pollution: The worsening traffic congestion and air pollution in cities also drive the Thai micromobility market, as such services are an effective antidote to these problems. Since most of the vehicles in micromobility fleets are electric, they help curb greenhouse gas emissions. Similarly, their small size and easy maneuverability save space on the roads and at parking stations.

Since the lifting of the COVID-19-related lockdowns, the Thai micromobility market has been booming. The prevailing social distancing norms and fear of infection have forced people to shun conventional mass transit via buses and metros and opt for micromobility.

The e-mopeds category will dominate the Thai micromobility market in the coming years, on the basis of vehicle type. Young Thais are using e-mopeds increasingly for commuting to work and college, as they are highly internet-savvy and open to experimenting with fun means of everyday travel.

In the past, the first- and last-mile bifurcation held the larger share in the Thai micromobility market, under segmentation by model. Due to the strong government support for such services and concerns for the environment, people are shunning their private vehicles and choosing micromobility for covering the first and last miles. Moreover, micromobility has proved more effective in solving the first- and last-mile connectivity problem than conventional shared mobility services, such as ridesharing and carsharing.

The faster growth in the Thai micromobility market, based on sharing system, will be witnessed by the docked bifurcation. Though implementing a dockless system is cheaper, it is associated with vandalism and parking chaos, which often prompt governments to fine service providers. Therefore, to avoid such situations and keep the vehicles safe, market players will opt for more docked systems.

Major companies in the Thai micromobility market include Ofo Inc., Innotra Co. Ltd., Go Scoot Bangkok, Haupcar Company Limited, Anywheel Pte. Ltd., E Revolution Co. Ltd., Neuron Mobility Pte. Ltd., Niu Technologies, Grab Holdings Inc., Ningbo MYWAY Intelligent Technology Co. Ltd., Falcon Go, Segway Inc., Yadea Group Holdings Ltd., and Giant Manufacturing Co. Ltd.
Frequently Asked Questions about the Thai Micromobility Market

What is the estimated value of the Thai Micromobility Market?

The Thai Micromobility Market was estimated to be valued at $11.8 Million in 2020.

What is the growth rate of the Thai Micromobility Market?

The growth rate of the Thai Micromobility Market is 104.5%, with an estimated value of $15102.1 Million by 2030.

What is the forecasted size of the Thai Micromobility Market?

The Thai Micromobility Market is estimated to be worth $15102.1 Million by 2030.

Who are the key companies in the Thai Micromobility Market?

Key companies in the Thai Micromobility Market include Ofo Inc., Go Scoot Bangkok, Innotra Co. Ltd., Haupcar Company Limited, E Revolution Co Ltd, Anywheel Pte. Ltd., Neuron Mobility Pte. Ltd., Grab Holdings Inc. and Ningbo MYWAY Intelligent Technology Co. Ltd..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Anywheel Pte. Ltd.
  • Falcon Go
  • Grab Holdings Inc.
  • Innotra Co. Ltd.
  • Niu Technologies
  • Segway 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 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 Growing adoption of battery swapping technology
7.1.1.2 Increasing Investments in micromobility market
7.1.2 Drivers
7.1.2.1 Low-priced convenient solution for commuting
7.1.2.2 Mitigating air pollution and traffic congestion
7.1.2.3 Growing demand for efficient transportation system
7.1.2.4 Impact analysis of drivers on market forecast
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 IoT devices overcome challenges in micromobility industry
7.2 Impact of COVID-19
Chapter 8. Thailand 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 Investment and Funding
10.4.2 Expansions
10.4.3 Product Launches
Chapter 11. Company Profiles
11.1 Ofo Inc.
11.1.1 Business Overview
11.1.2 Product and Service Offerings
11.2 Go Scoot Bangkok
11.2.1 Business Overview
11.2.2 Product and Service Offerings
11.3 Innotra Co. Ltd.
11.3.1 Business Overview
11.3.2 Product and Service Offerings
11.4 Haupcar Company Limited
11.4.1 Business Overview
11.4.2 Product and Service Offerings
11.5 E Revolution Co Ltd
11.5.1 Business Overview
11.5.2 Product and Service Offerings
11.6 Anywheel Pte. Ltd.
11.6.1 Business Overview
11.6.2 Product and Service Offerings
11.7 Neuron Mobility Pte. Ltd.
11.7.1 Business Overview
11.7.2 Product and Service Offerings
11.8 Grab Holdings Inc.
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 Ningbo MYWAY Intelligent Technology 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
11.12 Falcon Go
11.12.1 Business Overview
11.12.2 Product and Service Offerings
11.13 Yadea Group Holdings Ltd.
11.13.1 Business Overview
11.13.2 Product and Service Offerings
11.13.3 Key Financial Summary
11.14 Giant Manufacturing Co. Ltd.
11.14.1 Business Overview
11.14.2 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, BASED ON 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 THAILAND MICROMOBILITY FLEET SIZE AND FORECAST, ‘000 UNITS (2019–2025)
TABLE 9 THAILAND MICROMOBILITY FLEET SIZE AND FORECAST, ‘000 UNITS (2026–2030)
TABLE 10 THAILAND MICROMOBILITY MARKET, $M (2015–2020)
TABLE 11 THAILAND MICROMOBILITY MARKET, $M (2021–2030)
TABLE 12 THAILAND MICROMOBILITY MARKET SIZE, BY VEHICLE TYPE, $M (2019–2025)
TABLE 13 THAILAND MICROMOBILITY MARKET SIZE, BY VEHICLE TYPE, $M (2026–2030)
TABLE 14 THAILAND MICROMOBILITY MARKET SIZE, BY MODEL, $M (2019–2025)
TABLE 15 THAILAND MICROMOBILITY MARKET SIZE, BY MODEL, $M (2026–2030)
TABLE 16 THAILAND MICROMOBILITY MARKET SIZE, BY SHARING SYSTEM, $M (2019–2025)
TABLE 17 THAILAND MICROMOBILITY MARKET SIZE, BY SHARING SYSTEM, $M (2026–2030)
TABLE 18 THAILAND MICROMOBILITY TAM, BY VEHICLE TYPE, $M (2015–2020)
TABLE 19 THAILAND MICROMOBILITY TAM, BY VEHICLE TYPE, $M (2021–2030)
TABLE 20 THAILAND MICROMOBILITY TAM, BY MODEL, $M (2015–2020)
TABLE 21 THAILAND MICROMOBILITY TAM, BY MODEL, $M (2021–2030)
TABLE 22 THAILAND MICROMOBILITY TAM, BY SHARING SYSTEM, $M (2015–2020)
TABLE 23 THAILAND 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 OFO INC. – AT A GLANCE
TABLE 28 GO SCOOT BANGKOK – AT A GLANCE
TABLE 29 INNOTRA CO. LTD. – AT A GLANCE
TABLE 30 HAUPCAR COMPANY LIMITED – AT A GLANCE
TABLE 31 E REVOLUTION CO LTD – AT A GLANCE
TABLE 32 ANYWHEEL PTE. LTD. – AT A GLANCE
TABLE 33 NEURON MOBILITY PTE. LTD. – AT A GLANCE
TABLE 34 GRAB HOLDINGS INC. – AT A GLANCE
TABLE 35 NIU TECHNOLOGIES – AT A GLANCE
TABLE 36 NIU TECHNOLOGIES – KEY FINANCIAL SUMMARY
TABLE 37 NINGBO MYWAY INTELLIGENT TECHNOLOGY CO. LTD. – AT A GLANCE
TABLE 38 SEGWAY INC. – AT A GLANCE
TABLE 39 FALCON GO – AT A GLANCE
TABLE 40 YADEA GROUP HOLDINGS LTD. – AT A GLANCE
TABLE 41 YADEA GROUP HOLDINGS LTD. – KEY FINANCIAL SUMMARY
TABLE 42 GIANT MANUFACTURING CO. LTD. – 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 THAILAND MICROMOBILITY MARKET SUMMARY
FIG 10 VOICE OF INDUSTRY EXPERTS/KOLS
FIG 11 THAILAND TOTAL POPULATION IN MILLIONS
FIG 12 THAILAND TOTAL PASSENGER CAR – VEHICLE IN USE (MILLION UNITS)
FIG 13 MICROMOBILITY VEHICLE CLASSIFICATION
FIG 14 THAILAND MICROMOBILITY MARKET SNAPSHOT
FIG 15 THAILAND MICROMOBILITY FLEET SIZE AND FORECAST, ‘000 UNITS (2019–2030)
FIG 16 THAILAND MICROMOBILITY MARKET, $M (2019–2030)
FIG 17 THAILAND MICROMOBILITY MARKET SIZE, BY VEHICLE TYPE, $M (2019–2030)
FIG 18 THAILAND MICROMOBILITY MARKET SIZE, BY MODEL, $M (2019–2030)
FIG 19 THAILAND MICROMOBILITY MARKET SIZE, BY SHARING SYSTEM, $M (2019–2030)
FIG 20 THAILAND MICROMOBILITY TAM, BY VEHICLE TYPE, $M (2015–2030)
FIG 21 THAILAND MICROMOBILITY TAM, BY MODEL, $M (2015–2030)
FIG 22 THAILAND MICROMOBILITY TAM, BY SHARING SYSTEM, $M (2015–2030)
FIG 23 NIU TECHNOLOGIES – REVENUE SPLIT BY PRODUCT CATEGORY AND GEOGRAPHY (2020)
FIG 24 YADEA GROUP HOLDINGS LTD. – REVENUE SPLIT BY PRODUCT (2020)"
Note: Product cover images may vary from those shown
  • Ofo Inc.
  • Go Scoot Bangkok
  • Innotra Co. Ltd.
  • Haupcar Company Limited
  • E Revolution Co Ltd
  • Anywheel Pte. Ltd.
  • Neuron Mobility Pte. Ltd.
  • Grab Holdings Inc.
  • Niu Technologies
  • Ningbo MYWAY Intelligent Technology Co. Ltd.
  • Segway Inc.
  • Falcon Go
  • Yadea Group Holdings Ltd.
  • Giant Manufacturing Co. Ltd.
Note: Product cover images may vary from those shown

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