DUBLIN–(BUSINESS WIRE)–The “Thailand Micromobility Market Research Report: By Type, Model, Sharing System – Industry Analysis and Growth Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
The value of the Thailand micromobility market will grow from $11.8 million in 2020 to $15,102.1 million by 2030, at a 98.7% CAGR between 2021 and 2030, according to the market research report.
Since the lifting of the COVID-19-related lockdowns, the Thai micromobility market has been booming. The prevailing social distancing norms and fear of infection have forced people to shun conventional mass transit via buses and metros and opt for micromobility.
The e-mopeds category will dominate the Thai micromobility market in the coming years, on the basis of vehicle type. Young Thais are using e-mopeds increasingly for commuting to work and college, as they are highly internet-savvy and open to experimenting with fun means of everyday travel.
In the past, the first- and last-mile bifurcation held the larger share in the Thai micromobility market, under segmentation by model. Due to the strong government support for such services and concerns for the environment, people are shunning their private vehicles and choosing micromobility for covering the first and last miles. Moreover, micromobility has proved more effective in solving the first- and last-mile connectivity problem than conventional shared mobility services, such as ridesharing and carsharing.
The faster growth in the Thai micromobility market, based on sharing system, will be witnessed by the docked bifurcation. Though implementing a dockless system is cheaper, it is associated with vandalism and parking chaos, which often prompt governments to fine service providers. Therefore, to avoid such situations and keep the vehicles safe, market players will opt for more docked systems.
Key reasons behind the burgeoning demand for such services are:
Market Dynamics
Trends
Drivers
Restraints
Opportunities
Impact of COVID-19
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/l8mfmr
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