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Philippines Micromobility Market Will Reach USD 13,899.7 Million by 2030

The Philippines micromobility market is projected to be worth USD 13,899.7 million by 2030, growing at a CAGR of 158.6%, according to P&S Intelligence.

This growth can be ascribed to the growing requirement for decreasing air contamination and transportation price, thriving demand for well-organized micromobility facilities for first- and last-mile connectivity, and decreasing battery cost.

In recent years, the e-mopeds category, held the largest revenue share in the Philippines micromobility industry, on the basis of vehicle type. The same is also projected to advance at the highest development rate in the coming few years. this can be credited to the rising use of e-moped services because of their cost-effectiveness in nature.

The launch of swappable batteries has augmented the fleet uptime significantly, while also decreasing the working price, which has indeed taken the micromobility market in the Philippines toward success. Moreover, with the utilization of swappable batteries, the income generation of the e-scooter business can be enhanced, because such batteries not only cut a huge chunk of the charging prices but also advance the vehicle obtainability.

Additionally, numerous electric two-wheeler builders are also concentrating on fitting battery-swapping stations for commercial and public use. For example, in recent years, Komaihaltec Inc., Honda Motor Co. Ltd., and Honda Motor Co. Ltd., together introduced a demo project with a target to generate power with wind power in Romblon Island, the Philippines.

Additionally, micromobility companies are accepting new-age lithium-ion batteries, as such batteries are eco-friendlier, providing lessen charging time and augmented running economy than lead–acid batteries. The government is also helping lithium-ion battery businesses by providing inducements and tax credits. Thus, lessening the cost of lithium-ion batteries would remain to aid the micromobility industry in the Philippines in the coming years.

Hence, the growing requirement for decreasing air contamination and transportation price, thriving demand for well-organized micromobility facilities for first- and last-mile connectivity, and decreasing battery costs are the major factors propelling the Philippines micromobility market.

Swift Solutions: Navigating Trends in the Turkey Micromobility Market

Concepts of micro mobility and shared ecosystems are permeating human lives more and more frequently each day. Initiatives to hire electric scooters have proven very popular in Turkey.

The main drivers of the expansion of micromobility market in Turkey are the need to preserve the environment, an effective short-distance transport system, and the growing need to lessen traffic congestion. The sector will reach $14,711.1 million in 2030 as a result of the aforementioned causes.

Maintenance of a Green Environment Is Required

Environmental contamination is one of the main problems in Turkey. The amount of air pollution in the entire nation exceeds WHO recommendations, which causes fatal illnesses. Approximately 27% of the nation’s overall health spending is typically allocated to treating illnesses brought on by air pollution.

The government is using micromobility to lower pollution levels. The wide availability, cheap cost, ease of use, and environmental friendliness of the micromobility system have all contributed to its exponential rise.
Need to Reduce Traffic Congestion Is Driving Market Expansion

Istanbul is now ranked second among 220 cities worldwide in terms of traffic congestion, according to research by the transportation analytics company INRIX. The count of commuters is growing as a result of fast urbanization, which puts additional strain on the current transportation infrastructure.

People frequently pick their own automobiles when there isn’t an effective form of public transit, which complicates matters and increases traffic congestion.

Thus, micromobility improves connection to public transportation, lowers the dependency on private automobiles, and also contributes to a reduction in greenhouse gas emissions. It is regarded as a cutting-edge transportation plan that has shown to have significant promise for reducing congestion.

E-Scooters Dominated Market due to Their Extensive Fleet

Based on vehicle type, the e-scooter category represented the greatest value share in the Turkish micromobility industry.

In the coming years, this category is likewise anticipated to continue experiencing a similar trend. This is mostly attributable to the enormous fleet that e-scooters have, which leads to their high market availability when opposed to other vehicle types.