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Thailand's Micromobility Revolution: Exploring the Market Landscape

Factors such as the burgeoning demand for efficient transportation systems and increasing availability of cost-effective micromobility services are expected to drive the Thailand micromobility market at a robust CAGR, of 98.7%, during the forecast period (2021u20132030). According to P&S Intelligence, the market was valued at $11.8 million in 2020 and it is expected to generate $15,102.1 million revenue by 2030. Moreover, the soaring air pollution levels and rising traffic congestion will also augment the demand for micromobility services in the country.

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Thailand's Micromobility Revolution: Exploring the Market Landscape

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  1. Thai Micromobility Market Size, Share, Growth, Development and Demand Forecast to 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved

  2. Is being Driven by Growing Disposable Income The word "micromobility" is relatively recent. It alludes to compact automobiles like scooters and electric bicycles. Micromobile vehicles can only move at slow rates and can only transport people over small distances. They use sidewalks, bicycle lanes, and roadways. The main growth factors for the Thailand micromobility market are the rising desire for a transportation system that is effective and can reduce air pollution, as well as the fact that micromobility is a cheap and practical option for short- distance travel. The market is predicted to reach 15,102.1 million by 2030 as a result of the aforementioned causes. Due to Cost-Effectiveness, E-Mopeds Led the Industry E-mopeds dominated the market throughout the historical period and are anticipated to continue doing so in the future years. This may be attributed to the country's developing youthful population, which has led to an increase in the number of people using micromobility services as they are heavy internet and new technology users. The desire for affordable alternatives to satisfy everyday commuting demands is mostly satisfied by these services since working professionals and young students are more attracted to modern methods of urban transportation. To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/thailand- micromobility-market/report-sample Low cost and accessibility of services key drivers the popularity of micromobility services in Thailand has grown recently as a result of a number of factors, including the vehicles' lightweight, small size, high availability, environmental friendliness, and simplicity of usage. The acceptance of micromobility services in the kingdom has been 10 times greater than in the early phases of the ride-hailing sector. A significant client base is attracted by the low cost of the travel options offered by micromobility services. Surging Requirement for Efficient Transportation Systems The distance commuters must go between a transportation center and the starting or ending point of their journey is referred to as the "first- and last mile." The FLMs distances have typically been covered by individuals using their 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved

  3. automobiles or walking to the destination because public or shared transportation does not link directly to a person's home. Both activities require a sizable amount of time and effort. Due to this rising need for a dependable last-mile connection solution, the demand for micromobility in Thailand is being driven. Inquire before purchase@ https://www.psmarketresearch.com/send- enquiry?enquiry-url=thailand-micromobility-market First- and Last-Mile Category to Experience Rapider Growth According to a model, the first- and last-mile category in Thai micromobility market is anticipated to increase rapidly in the coming years. The increased consumer demand for shared transportation services, rising disposable income, and government worries about environmental pollution in the nation will mostly be to blame for this. The government is building a robust infrastructure and road network and launching more electric cars for first- and last-mile connection in an effort to reduce pollution levels and the rate of personal vehicle ownership. Key Market Trend Several businesses in the sector are concentrating on obtaining finance from significant investors, venture capitalists, and vehicle OEMs. In order to address customer demand for last-mile connections, this has increased rivalry among businesses and led to the launch of new goods and services. The research offers market size of the Thailand micromobility market for the period 2019–2030. Market Segmentation by Type E-scooters E-bikes E-mopeds E-pods Bikes Scooters Market Segmentation by Model First- and Last-Mile Multimodal Market Segmentation by Sharing System Docked Dockless • • • • • • • • • • 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved

  4. 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved

  5. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 4 ©P&SIntelligence.Allrightsreserved 5 © Prescient & Strategic Intelligence Private Limited. All rights reserved

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