Indonesia Micromobility Market Will Propel at a 116.1% CAGR

The Indonesia micromobility market will touch USD 19,888.5 million, powering at a 116.1% compound annual growth rate, by 2030.  This growth is because of the growing requirement for lessening urban traffic congestion, the rising need for first- and last-mile connectivity, and the convenience and low cost of such services for traveling.  

The pandemic of COVID-19 has affected a large count of people all across the world, bankrupting businesses as well as decreasing the global economy. However, the pandemic has shaped a large bike trend among populations, which, sequentially, has had a positive impact on this industry expansion. 

Furthermore, micromobility offers different benefits than other modes of transport, for example, greater connectivity to public transportation hubs, reduced carbon footprint, and less reliance on personal vehicles. Also, these services assist in decreasing the issue of traffic jams on urban roads, as these automobiles are small and need less area for parking or on roads.

Additionally, the arrival of swappable batteries has boosted the fleet uptime significantly, while also decreasing the operating expenses, which has eventually taken the micromobility sector toward profitability. 

The e-mopeds category, on the basis of type, is likely to be the highest contributor to the Indonesia micromobility market, in the years to come. This can be primarily because of the increasing approval of e-mopeds as a result of the low travel price and ecological benefits related to them compared to traditional mopeds.

In the past few years, the first-and last-mile category, based on model, was the larger contributor to the industry. Moreover, this category will propel at a faster compound annual growth rate during this decade. This is mainly because of the increasing acceptance of these services to subway entrances, reach offices, bus stops, schools, and public institutions.

With the increasing requirement to decrease urban traffic congestion and the surging need for first-and last-mile connectivity, the Indonesia micromobility industry will continue to progress in the coming years.