Thailand Micromobility Market To Generate 15,102.1 Million Revenue by 2030

[Pramod Kumar]

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.

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.

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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 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.