Press release
Indonesia Micromobility Market will Reach USD 19,888.5 Million by 2030
The Indonesia micromobility market will grow at a mammoth rate of 116.1% by the end of this decade, to reach USD 19,888.5 million by 2030.The main factors powering the industry growth are the increasing requirement for decreasing traffic congestion in the urban areas, growing requirement for first- and last-mile connectivity and lower price and convenience of these kind of services for commuting.
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E-mopeds will lead the industry. This has a lot to do with the increasing acceptance of e-mopeds because of the low travel cost and ecological advantages over traditional mopeds.
The dockless category had a larger share in the Indonesia micromobility market, and it will power at a higher rate in the years to come, based on sharing system, as stated by a market research institution, P&S Intelligence. This is mainly because of the proliferating acceptance of the concept of dockless bike sharing by companies due to of its lower fundings and operational spending as opposed to the docked system.
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The launch of swappable batteries has augmented the fleet uptime considerably, while also plummeting the costs of operations, which has eventually taken the micromobility sector toward profitability.
Furthermore, with the use of swappable batteries, scooter unit economies can be enhanced, as it not just cuts a large part of the costs of charging, but also advances the availability of the vehicles.
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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.
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