Indonesia Micromobility Market To Generate Revenue Worth $19,888.5 Million by 2030

The rising need for reducing urban traffic congestion, growing demand for first- and last-mile connectivity, and low price and convenience of the solutions for commuting are the major factors driving the growth of the micromobility market in Indonesia. Due to the aforementioned factors, the industry is projected to generate $19,888.5 million revenue in 2030, advancing at a CAGR of 116.1% during the forecast period (2021–2030).

The COVID-19 outbreak has affected a significant number of people worldwide, bankrupting companies and throwing the global economy into disarray. However, the pandemic has created a huge bike craze among people, which, in turn, has had a positive influence on the market growth. The government is expected to seize the bike craze as an opportunity to make an investment in sustainable mobility and make biking the preferred mode of transportation in the new-normal era. Some micromobility service providers that had reduced or ceased operations during the lockdown are now focusing on increasing their fleet sizes to satisfy the proliferating demand.

E-Mopeds To Hold Largest Share throughout Forecast Period

This market is categorized into e-scooters, e-bikes, e-mopeds, e-pods, bikes, and scooters, based on vehicle type, out of which e-mopeds are projected to generate the highest revenue throughout the forecast period. The popularity of e-mopeds has been steadily increasing in the country owing to their lower ride cost and environment-friendliness over traditional mopeds, which is driving companies to expand their shared e-moped fleets.

Moreover, the Indonesian micromobility market is bifurcated into first- and last-mile and multimodal, on the basis of model. The first- and last-mile category accounted for the larger market share in 2020, and it is set to witness the faster growth throughout the forecast period. This will mostly be due to the rising utilization of these services to reach offices, subway entrances, bus stops, public institutions, and schools.

Furthermore, the micromobility market is categorized into docked and dockless, on the basis of sharing system. Out of these, dockless systems accounted for the larger share in the market in 2020. This is mainly ascribed to the increasing adoption of the dockless bike sharing concept by shared mobility companies due to its low investment requirements, as these systems don’t require parking stations.

Market Players Involved in Fleet Expansions to Gain Significant Position