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Key regions: India, Thailand, Malaysia, China, South America
The E-Scooter-sharing market in Malta has been experiencing significant growth in recent years.
Customer preferences: Customers in Malta are increasingly opting for e-scooter sharing services due to their convenience and affordability. With the rise of urbanization and increasing traffic congestion in major cities, many people are looking for alternative modes of transportation that are efficient and eco-friendly. E-scooters provide a convenient solution for short-distance travel, allowing users to easily navigate through crowded streets and reach their destinations quickly. Additionally, the low cost of renting an e-scooter compared to owning a personal vehicle or using other forms of public transportation makes it an attractive option for many residents and tourists in Malta.
Trends in the market: One of the key trends in the e-scooter-sharing market in Malta is the expansion of services to cover a larger geographic area. Initially, e-scooter-sharing companies focused on major cities and tourist hotspots, but they have now started expanding their operations to suburban areas and smaller towns. This expansion is driven by the increasing demand for e-scooters in these areas, as well as the desire of companies to capture a larger market share. As a result, more people in Malta now have access to e-scooter-sharing services, which further contributes to the growth of the market. Another trend in the market is the integration of e-scooter-sharing services with existing transportation networks. In Malta, e-scooter-sharing companies have formed partnerships with public transportation authorities, allowing users to seamlessly switch between different modes of transportation. This integration not only enhances the overall travel experience for users but also encourages more people to use e-scooters as a convenient and sustainable mode of transportation. Furthermore, the availability of e-scooters near public transportation hubs makes it easier for commuters to complete the last mile of their journey.
Local special circumstances: Malta's compact size and well-connected road network make it an ideal market for e-scooter sharing. The small size of the country means that e-scooters can cover relatively long distances without the need for frequent charging. Additionally, Malta's warm climate and pleasant weather conditions throughout most of the year make e-scooter riding an enjoyable experience for users. These factors contribute to the high demand for e-scooter-sharing services in Malta.
Underlying macroeconomic factors: The growth of the e-scooter-sharing market in Malta is also influenced by underlying macroeconomic factors. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending. This has made e-scooter sharing more affordable and accessible to a larger segment of the population. Furthermore, the government of Malta has been supportive of sustainable transportation initiatives, including e-scooter sharing. This support includes the provision of dedicated infrastructure for e-scooters and the implementation of regulations to ensure the safety of riders and pedestrians. The combination of favorable economic conditions and government support has created a conducive environment for the development of the e-scooter-sharing market in Malta.
Data coverage:
The data encompasses B2C enterprises. Figures are based on bookings and revenues of e-scooter-sharing services.Modeling approach:
Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)