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Singapore Micromobility Market to Surpass $1,817.9 Million Revenue by 2030, says P&S Intelligence
The bikes category will grow the fastest in the Singaporean micromobility market in the coming years, based on vehicle type. These vehicles are environment-friendly and cost-effective for usage. Moreover, due to the presence of numerous service providers, Singapore is one of the biggest bike sharing markets in Asia-Pacific (APAC).
In the past, the first- and last-mile bifurcation dominated the Singaporean micromobility market, on the basis of model. The high population and restrictions on personal vehicles have created a vast unmet need for first- and last-mile transportation, where micromobility has emerged as an efficient solution.
The dockless bifurcation is predicted to generate the highest revenue in the Singaporean micromobility market, under segmentation by sharing system, in the near future. As such systems eliminate the need for docking stations, they offer commuters the convenience of picking up and dropping off the two-wheeler wherever they want and help market players save on the initial investment.
The biggest Singaporean micromobility market players are SG Bike Pte Ltd., Beam Mobility Holdings Pte. Ltd., Moov Technology (S) Pte. Ltd., Grab Holdings Inc., Ningbo MYWAY Intelligent Technology Co. Ltd., Niu Technologies, and Segway Inc.
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Prajneesh Kumar
P&S Intelligence
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