Shared Mobility - Australia

Australia

Highlights

Australia is expected to see a significant increase in revenue in the Shared Mobility market, with a projected revenue of US$19.91bn in 2024.
Furthermore, the market is expected to grow annually at a rate of 2.01% from 2024 to 2029, resulting in a projected market volume of US$22.00bn by 2029.
The largest market in the Australian Shared Mobility market is Flights, with a projected market volume of US$11.12bn in 2024.
The number of users in the Public Transportation is expected to reach 16.89m users by 2029.
The user penetration is predicted to increase from 81.0% in 2024 to 86.6% by 2029 in the Shared Mobility market.
The average revenue per user (ARPU) is expected to be US$921.00.
It is projected that 78% of total revenue in the Shared Mobility market will be generated through online sales by 2029.
When compared globally, China is expected to generate the most revenue in the Shared Mobility market, with a projected revenue of US$365bn in 2024.
Australia's shared mobility market is seeing a surge in electric bike and scooter usage, particularly in urban areas.

Key regions:

Definition:

The Shared Mobility market encompasses a diverse range of long- and short-distance mobility services. As the world moves towards a more connected and digital era, the Shared Mobility market is central to driving innovation, collaboration, and the development of intelligent transportation systems.

Structure:

The market consists of eleven further markets. These include the following markets:

The Car Rentals market contains vehicle rentals that have been booked in person, by telephone via the internet or an app.
The Car-sharing market includes professionally run car-sharing services that provide on-demand access vehicles, allowing users to rent cars for short periods, e.g., by minute or hour.
The Bike-sharing market contains short-term bike-sharing services. Bicycles can be found in the provider’s business zone where they are either parked at designated stations or freely distributed without fixed docks.
The Ride-hailing market encompasses on-demand transportation services facilitated through mobile apps or online platforms. This market covers both private vehicle rides and taxi services, all booked exclusively online.
The Taxi market covers exclusively traditional taxi services booked offline, typically via street hailing or phone calls.
The Flights market contains air travel bookings regardless of the purchase channel, such as an airline's website or a travel agency.
In the Public Transportation market, revenues generated by ticket sales from public transportation companies are considered.

Additional Information:

The main performance indicators of the Shared Mobility market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the above-mentioned markets. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year. Additional definitions for each market can be found within the respective market pages.

The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.

For further information on the data displayed, refer to the info button right next to each box.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

Australia's Shared Mobility market is experiencing a significant growth trajectory, driven by changing customer preferences, technological advancements, and unique local circumstances.

Customer preferences: Customers in Australia are increasingly valuing convenience, affordability, and sustainability when it comes to transportation options. Shared Mobility services such as ride-hailing, bike-sharing, and car-sharing are gaining popularity due to their flexibility and cost-effectiveness. Moreover, the younger demographic in Australia, particularly in urban areas, is more inclined towards shared transportation modes over traditional car ownership, contributing to the expansion of the market.

Trends in the market: One prominent trend in the Australian Shared Mobility market is the integration of multiple services within a single platform. This trend not only offers customers a one-stop solution for their transportation needs but also enhances operational efficiency for service providers. Additionally, the market is witnessing an increase in the adoption of electric vehicles within shared mobility fleets, aligning with the country's focus on sustainability and reducing carbon emissions. Partnerships between Shared Mobility companies and public transportation agencies are also on the rise, providing commuters with seamless intermodal transportation options.

Local special circumstances: Australia's vast geography and urban layout present unique challenges and opportunities for the Shared Mobility market. Cities like Sydney and Melbourne with high population densities and traffic congestion are ideal for shared transportation services to thrive. On the other hand, regional areas with lower population density may require tailored solutions to make Shared Mobility services accessible and economically viable. Furthermore, the regulatory environment in Australia, including licensing requirements and safety standards, influences the operations and expansion strategies of Shared Mobility companies in the country.

Underlying macroeconomic factors: The growth of the Shared Mobility market in Australia is also influenced by macroeconomic factors such as disposable income levels, urbanization rates, and infrastructure development. As disposable incomes rise and urban populations increase, the demand for convenient and cost-effective transportation solutions escalates, driving the adoption of Shared Mobility services. Moreover, government initiatives promoting sustainable transportation and smart city development further propel the growth of the market by encouraging innovation and investment in Shared Mobility technologies.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of car rentals, ride-hailing, taxi, car-sharing, bike-sharing, e-scooter-sharing, moped-sharing, trains, buses, public transportation, and flights.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.