Contacter le RP

Pour utiliser cette fonctionnalité, vous devez bénéficier d'un compte Babbler.

arrow_back

Babbler permet aux journalistes et communicants de collaborer plus simplement.

En vous connectant, vous pourrez accéder gratuitement aux espaces presse des centaines d'entreprises de vos secteurs qui sont sur Babbler, entrer en contact direct avec leurs équipes RP mais aussi y partager vos prochains sujets !

Leurs espaces presse sont sur Babbler :

Vous êtes à 1 clic de l'inscription !

Précédent

Content de vous revoir !

Communiqué

philippines micromobility market value and regional forecast to 2030
timer minutes de lecture minute de lecture

Copier le lien
philippines micromobility market value and regional forecast to 2030
<p>Philippines Micromobility Market Report by P&S Intelligence</p>

Cliquez sur l'image pour obtenir le format original

Philippines Micromobility Market Report by P&S Intelligence

A number of factors such as the rising need to curtail transportation costs and mitigate air pollution, plunging cost of batteries, and burgeoning demand for efficient transportation services to bridge the gap between first- and last-mile connectivity are expected to propel the Philippines micromobility market at an exceptional CAGR of 158.6%  during the forecast period (2021–2030). According to P&S Intelligence, the market revenue will surge from $1.9 million in 2020 to $13,899.7 million by 2030.

The surging public and government focus on reducing air pollution, traffic congestion, and transportation costs is expected to drive the demand for micromobility services in the Philippines. For instance, in 2020, the Philippines had an average US air quality index (USAQI) reading of 52 ³. Additionally, the abundant availability of micromobility services and their ability to provide greater convenience than conventional transportation systems are also driving their popularity in the country.

Moreover, the plunging battery cost is also a key contributor to the Philippines micromobility market growth. The reduction in battery price causes the upfront cost of electric personal mobility devices (PMDs) to fall, which, in turn, accelerates the inclusion rate of such automobiles in micromobility fleets. Nowadays, market players are opting for lithium-ion (Li-ion) batteries, as they offer increased running economy and reduced charging time than lead-acid batteries. Additionally, the availability of government incentives and tax credits on the usage of Li-ion batteries also fuels the adoption of Li-ion-powered electric vehicles (EVs) in vehicle sharing fleets.

In recent years, the increasing adoption of battery swapping technology for charging micromobility fleet has become a major trend in the Philippines micromobility market. The introduction of this technology has substantially increased fleet uptime and reduced the operational cost of market players. Additionally, several electric two-wheeler manufacturers have also been focusing on installing battery swapping stations for commercial and public use. For example, in February 2019, Romblon Electric Cooperative Inc. (ROMELCO), Komaihaltec Inc., and Honda Motor Co. Ltd. collectively introduced a demonstration project to generate electricity with wind energy in Romblon Island, the Philippines.

The sharing system segment of the Philippines micromobility market is bifurcated into dockless and docked. Of these, the dockless category generated the higher revenue in 2020, and it is also expected to demonstrate the faster growth during the forecast period. This can be credited to the surging consumer preference for such micromobility services, owing to their fewer parking requirements than the docked ones. Moreover, these services solve the issue of vehicle parking and reduce road congestion.

Presently, the players in the Philippines micromobility market are engaging in service expansions to gain a competitive edge. For instance, in December 2020, Moovr PH introduced its e-scooter and bike sharing services in Bonifacio Global City (BGC), the Philippines, with a fleet of 20 Segway Ninebot Pro Max e-scooters and 200 single-speed bikes and 14 hubs . Companies such as Segway Inc., StreetWheels Philippines, Grab Holdings Inc., Ningbo Kaabo Technology Co. Ltd., Niu Technologies, Kwang Yang Motor Co. Ltd., Merida & Centurion Germany GmbH, and Vmoto Limited are also expanding their services in the country to consolidate their position.

Thus, the escalating need to curtail air pollution levels and declining battery costs will augment the demand for micromobility services in the Philippines.

Autres actualités de la marque

inscrit avec succès

Félicitations, vous êtes inscrit sur BABBLER !

Pour découvrir dès maintenant toutes les actualités qui vous attendent sur Babbler, consultez votre newsfeed !

Vos domaines ont été préselectionnés. Vous pouvez les compléter en cliquant ici