Contact
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
Key regions: United States, Saudi Arabia, Germany, Malaysia, India
Over the past few years, the Shared Mobility market in Bahrain has seen significant growth and development.
Customer preferences: Customers in Bahrain are increasingly leaning towards shared mobility services due to the convenience and cost-effectiveness they offer. The younger population, in particular, is more inclined towards using shared mobility options as they seek flexibility in their transportation choices.
Trends in the market: One notable trend in the Bahraini Shared Mobility market is the rise of ride-hailing services, which have become increasingly popular among residents and tourists alike. The ease of booking a ride through mobile applications and the availability of various vehicle options have contributed to the success of these services in the country. Additionally, car-sharing services are also gaining traction as people look for alternative transportation solutions.
Local special circumstances: Bahrain's small geographical size and high population density make shared mobility a practical choice for many residents. The country's well-developed infrastructure and increasing traffic congestion in urban areas further drive the demand for shared mobility services. Moreover, the government's efforts to promote sustainable transportation options align with the growing popularity of shared mobility in Bahrain.
Underlying macroeconomic factors: The growing economy and increasing disposable income levels in Bahrain have positively impacted the Shared Mobility market. As people have more spending power, they are more willing to use shared mobility services for their daily commuting needs. Additionally, the government's investments in smart city initiatives and transportation infrastructure have created a conducive environment for the growth of shared mobility services in the country.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)