PHILIPPINES MICROMOBILITY MARKET REPORT

KEY FINDINGS

• The Philippines Micromobility Market is projected to grow at a CAGR of 12.5% from 2024 to 2030, driven by urban congestion and rising demand for eco-friendly transportation solutions.

• The electric scooter segment holds the largest market share, accounting for approximately 45% of the total market in 2023, thanks to increased consumer preference for sustainable commuting.

• Government initiatives like the “Build, Build, Build” program, which focuses on infrastructure development, are boosting micromobility adoption by creating designated lanes and parking spaces.

• The lack of standardized regulations on micromobility is a significant challenge, as it leads to inconsistencies in safety and operational standards across cities.

• Future trends indicate a strong push toward shared micromobility services, with an expected 20% rise in the number of shared bikes and scooters by 2027.

• Investments in battery technology, specifically in extending battery life and reducing charging times, are key opportunities that will shape the future of micromobility in the Philippines.

• Key challenges include high import tariffs on electric vehicles and a limited charging infrastructure, which is slowing market expansion in smaller cities.

• A shift in consumer behavior post-pandemic is driving demand for contactless, individual transport solutions like e-scooters, which is expected to accelerate growth by 15% in 2024.

• Private investment in shared mobility platforms is surging, with companies like Grab and Angkas leading the charge by introducing electric-powered options.

• The market is poised for consolidation, with major players seeking mergers and acquisitions to expand their geographical footprint and strengthen their competitive position.

PHILIPPINES MICROMOBILITY MARKET OVERVIEW

The Philippines Micromobility Market has seen steady growth, with urban congestion and environmental concerns driving demand for sustainable transport options. Micromobility, which includes electric scooters, bikes, and other small electric vehicles, is becoming a preferred mode of transport for short-distance travel. The growing urban population and the country's focus on reducing traffic congestion are key drivers of this market.

Technological advancements, especially in battery efficiency and IoT integration, are reshaping the market by making vehicles more reliable and cost-efficient. However, the market faces challenges in terms of regulatory inconsistencies and infrastructure development. The rise of shared mobility platforms is also transforming the industry by offering affordable alternatives to car ownership, further driving the market's expansion.

INTRODUCTION TO PHILIPPINES MICROMOBILITY MARKET

The Philippines Micromobility Market refers to a range of small, lightweight vehicles operating at speeds typically below 25 km/h, such as electric scooters, bicycles, and e-mopeds. These vehicles are used for short-distance urban commuting, offering an eco-friendly alternative to traditional transport modes, particularly in highly congested cities.

There are different types of micromobility vehicles in the market, including docked and dockless e-scooters, electric bikes, and electric skateboards. Each type caters to specific user needs and preferences, with e-scooters being the most popular due to their affordability and ease of use.

The primary applications of micromobility include daily commuting, last-mile delivery, and leisure. In urban areas, these vehicles help reduce travel times, while in logistics, they are used for quick deliveries in congested city zones.

While the benefits of micromobility include reduced emissions, lower transportation costs, and improved urban mobility, challenges such as infrastructure limitations, safety concerns, and regulatory hurdles persist. These must be addressed to unlock the full potential of the market.

PHILIPPINES MICROMOBILITY MARKET SIZE AND FORECAST

In 2023, the Philippines Micromobility Market was valued at approximately USD 145 million. The market is expected to grow at a compound annual growth rate (CAGR) of 12.5% between 2024 and 2030, reaching USD 320 million by 2030. Key growth drivers include rising fuel costs, government support for sustainable transport, and increased consumer awareness of environmental issues.

PHILIPPINES MICROMOBILITY MARKET TRENDS

1. Technological Advancements: Innovations in battery life, such as lithium-ion batteries with extended range, are enhancing the overall experience for micromobility users. Improved GPS and IoT integration in e-scooters are helping track usage patterns and optimize fleet management for shared mobility companies.
2. Consumer Shift Toward Sustainable Transport: Post-pandemic, more consumers are choosing individual, eco-friendly transport options like e-scooters and bikes to avoid crowded public transit systems.
3. Government Initiatives: Policies that encourage sustainable transport, such as subsidies for electric vehicles and development of micromobility-friendly infrastructure, are boosting market growth.
4. Shared Mobility Expansion: Platforms like Grab and Angkas are expanding their micromobility offerings, with a focus on electric vehicles, attracting both daily commuters and businesses involved in last-mile delivery.
5. Regulatory Adjustments: As micromobility grows, local governments are implementing regulations aimed at standardizing safety measures and vehicle usage, which could stabilize market growth over the long term.

PHILIPPINES MICROMOBILITY MARKET NEW PRODUCT DEVELOPMENT

1. Grab Wheels E-Scooter: A new electric scooter with GPS-enabled tracking, offering improved battery life and real-time navigation for shared mobility services. This product is expected to attract both urban commuters and tourists, boosting adoption in cities with high traffic congestion.
2. Angkas Electric Bicycle: Angkas recently launched an electric bike designed for delivery services, featuring a durable frame and extended battery life. The product is set to enhance last-mile logistics, especially for food delivery platforms.
3. Meridian E-Scooter: A lightweight, foldable electric scooter targeting eco-conscious consumers. With an increased range of 35 km on a single charge, it is designed for daily commuters in urban areas. This innovation is expected to grow in popularity among young professionals.
4. In Motion Electric Unicycle: This single-wheel electric vehicle is designed for personal transportation, boasting superior balance and high speed. The unicycle targets tech-savvy consumers and is likely to create a niche segment in the micromobility market.
5. Ride PH Electric Moped: A high-speed electric moped suitable for long-distance commuting, Ride PH’s new model offers a range of 80 km per charge. It is expected to capture market share in suburban areas where distances are longer, and public transport is scarce.

PHILIPPINES MICROMOBILITY MARKET SEGMENTATION

By Vehicle Type

• Electric Scooters
• Electric Bicycles
• Electric Mopeds
• Electric Skateboards

By Propulsion Type

• Battery Powered
• Pedal Assisted
• Hybrid

By Application

• Personal Commuting
• Shared Mobility Services
• Last-Mile Delivery

By End-User

• Urban Commuters
• Logistics Providers
• Tourists

TOP PLAYERS

1. Grab Wheels
2. Angkas
3. Meridian Scooters
4. Ride PH
5. In Motion
6. Bird Philippines
7. Lime
8. Beam
9. Moovr
10. GOGO Electric Scooters

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the market size of the Philippines Micromobility Market in 2023?
2. What is the projected growth rate of the market from 2024 to 2030?
3. What are the key factors driving the growth of the micromobility market?
4. Which vehicle type holds the largest market share?
5. What role does government policy play in shaping the micro  mobility market?
6. What are the major challenges hindering market growth?
7. How are technological innovations influencing the industry?
8. What are the key investment opportunities in the market?
9. Which companies are leading the market, and what are their competitive strategies?
10. How is shared mobility shaping the future of the market?
11. What is the impact of consumer behavior on micromobility trends?
12. How will regulatory changes affect the micromobility market?