openPR Logo
Press release

Making the Most of Micromobility in the Philippines

04-19-2023 06:08 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Traffic congestion is a big problem that is affecting the daily lives of millions of people in the Philippines. As a result of the increasing number of cars on the road and rising urbanization rate, cities are becoming highly congested, thus also affecting the environment.

In this blog, we will explore the different types of micromobility vehicles in the Philippines and the benefits they offer.

To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/philippines-micromobility-market/report-sample

Types of Micromobility Vehicles in the Philippines

Micromobility is becoming a popular choice of transportation in the Philippines, and there are several types of vehicles available in this country for this purpose, including:

• E-Mopeds: E-mopeds are also known as 'sit-down scooters', and they are the most-vastly used light vehicles in the Philippines for short-distance commute, because of their economical nature.

• Electric Scooters: Electric scooters are another popular mode of micromobility in the Philippines. They are lightweight, convenient, and eco-friendly and offer a practical solution to short-distance travel. Rental services for electric scooters are widely available in this country, making them accessible to everyone.

• Electric Bikes: Electric bikes are also becoming popular in the Philippines, as they are environmental-friendly and a more-affordable way of transportation than scooters.

Inquire before purchase@ https://www.psmarketresearch.com/send-enquiry?enquiry-url=philippines-micromobility-market

Benefits of Micromobility

• Reduced Traffic Congestion: Micromobility vehicles are a practical solution to traffic congestion in the Philippines. By using these vehicles, people can commute more easily through dense traffic. Moreover, if these services find optional penetration, the overall traffic congestion will reduce, as they are merely two-wheelers, which take up much less space on the roads and at parking lots.

• Reduced Air Pollution: Micromobility vehicles are an eco-friendly option as they produce no emissions, unlike traditional vehicles. Electric vehicles, such as e-mopeds and e-scooters, are helping in improving the air quality and reducing pollution in the Philippines they are powered by a motor and battery and not a gasoline- or diesel-guzzling internal combustion engine.

• Cost-Effective: Micromobility vehicles are an affordable option for people who cannot afford a car or do not like spending a lot of money on transportation. Additionally, several companies in the Philippines provide micromobility vehicles rental services at an affordable rate, especially those that operate via the dockless model.

Introduction of Swappable Batteries Could Make Micromobility Really Cheap

Swappable batteries are exactly what they sound like. They enable the exchange of discharged batteries with a fully charged one. The introduction of these batteries has increased the time on the road of these vehicles. In addition, using swappable batteries has improved vehicle availability and reduced charging costs.

As the demand for sustainable, affordable, and convenient transportation options continues to rise, micromobility will play an important role in the transportation scenario of the Philippines. Thus, micromobility service providers in the Philippines could gain USD 13,899.7 million revenue by the end of this decade.

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Making the Most of Micromobility in the Philippines here

News-ID: 3018893 • Views:

More Releases from P&S Intelligence

U.S. ESG Investments Market Set to Skyrocket: $16 Trillion by 2032
U.S. ESG Investments Market Set to Skyrocket: $16 Trillion by 2032
According to the latest market research study published by P&S Intelligence, the U.S. Environmental, Social, and Governance (ESG) investments market is experiencing a significant surge, with projections indicating an increase from $6.5 trillion in 2024 to an estimated $16.0 trillion by 2032. This represents a robust compound annual growth rate (CAGR) of 12.1% over the forecast period. According to a comprehensive analysis by P&S Intelligence, the market's expansion is driven
Facility Management in the U.K. Booms with 14.1% CAGR as Demand Soars Across Sectors
Facility Management in the U.K. Booms with 14.1% CAGR as Demand Soars Across Sec …
According to the latest market research study published by P&S Intelligence, the U.K. facility management market is poised for significant growth, with projected revenues reaching USD 2,743.3 million in 2024 and expected to soar to USD 6,038.4 million by 2030, reflecting a robust CAGR of 14.1% during the forecast period. This expansion is fueled by a surge in demand across both public and private sectors. According to the RICS U.K.
Point-of-Sale Software Market in the U.S. Set to Grow by 9.7% CAGR, Boosted by Omnichannel Integration
Point-of-Sale Software Market in the U.S. Set to Grow by 9.7% CAGR, Boosted by O …
According to the latest market research study published by P&S Intelligence, the U.S. point-of-sale (POS) software market, valued at USD 4.7 billion in 2024, is poised for significant growth over the coming years, with projections estimating it will reach USD 9.8 billion by 2032, expanding at a compound annual growth rate (CAGR) of 9.7%. This growth is attributed to rapid technological advancements, a surge in mobile and cloud-based POS systems,
Competitive Landscape of the Industrial Starches Market: Key Players, Trends, and Growth Opportunities
Competitive Landscape of the Industrial Starches Market: Key Players, Trends, an …
According to the latest market research study published by P&S Intelligence, the global industrial starches market is poised for significant growth, with a projected increase from USD 110.3 billion in 2024 to USD 169.9 billion by 2030, at a robust compound annual growth rate (CAGR) of 7.5%. Industrial starches play a crucial role in diverse sectors, including food, pharmaceuticals, and paper, driven by their unique properties such as stabilizing, thickening,

All 4 Releases


More Releases for Philippines

Philippines Contact Cement Market
Market Overview Contact cement is a flexible acrylic adhesive that may be used on rubber, wood, bond tile, leather, metal, Formica, and most plastics. It stays flexible after curing and makes an excellent shoe glue. Contact cement may be applied to almost anything, although it works best on nonporous materials that conventional adhesives cannot adhere together. Plastics, veneers, rubber, glass, metal, and leather all react well to contact cement. It is
Philippines Quick Service Restaurants Market Size Is Likely To Reach Around $7.9 …
The Philippines quick service restaurants market has been continuously improvising in terms of product offerings, number of outlets, hospitality and other perks regarding prices that attracts a higher number of customers. Over the years, the Filipinos, specifically the millennials, have been open to different types of innovative food products due to increase in influence of westernization among the target customers. Considering this customer perception, some of the key players in
Major Players in Philippines Auto Finance Market | Auto Loan Market Philippines …
Rising Innovation: Innovative digital startups such as iChoose.ph are reshaping the challenging car shopping and financing process into a quick and easy experience for customers in Philippines. It is expected that these will create an auto finance ecosystem in which digital aggregators increasingly control the sales and financing process. Car dealerships are expected to increasingly bring the experience of car shopping online by range of ways such as providing
Philippines E-Commerce Logistics Market | Competitors in E-Commerce Logistics Ph …
Key Findings Singapore-headquartered e-commerce player Shopee launched an in-app, live-streaming platform in the Philippines through which sellers can build a following to promote their products and offer discounts to viewers. This platform proved to be a success during the pandemic as it recorded 30m live stream views in April 2020. E-commerce players can look forward to collaborate with brick-and-mortar retailers to provide consumers low-cost delivery options, as has been done in other
Philippines Used Car Market
Philippines Used Car Market is expected to Gain Momentum from the Emergence of more Organized Players in the future along with Covid incited Surge in Demand: Ken Research The used car market structure in Philippines is expected to be consolidated in the future as the market share of players selling vehicles via organized channel is expected to surge. This will be mainly on account of transparent and fair used car dealings/trading
Philippines Quick Service Restaurants Market Booming Segments; Investors Seeking …
Philippines Quick Service Restaurants Market by Food Type, and Nature: Philippines Opportunity Analysis and Industry Forecast, 2019–2026,” The Philippines quick service restaurants market size was valued at $4.6 billion in 2018, and is expected to reach $7.9 billion by 2026, registering a CAGR of 6.9% from 2019 to 2026.The burger/sandwich segment was the highest contributor to the market, with $1.7billion in 2018, and is estimated grow at a CAGR of