Shared Mobility - Bahrain

Bahrain

Highlights

Bahrain is expected to experience a surge in revenue for the Shared Mobility market, with a projected value of US$455.30m in 2024.
This is expected to grow annually at a rate of 2.91%, leading to a market volume of US$525.60m by 2029.
Within the Shared Mobility market, the largest market is Flights, which is expected to reach a market volume of US$203.20m in 2024.
Looking forward to 2029, the number of Public Transportation users in the Flights market is expected to reach 807.10k users.
In 2024, the user penetration rate is expected to be 82.5%, which is projected to increase to 87.4% by 2029.
The average revenue per user (ARPU) is expected to be US$368.30.
By 2029, 60% of the total revenue for Shared Mobility market is expected to be generated through online sales.
In comparison to other countries, China is projected to generate the highest revenue in the Shared Mobility market, with a value of US$365bn in 2024.
Bahrain's shared mobility market is gaining traction with the rise of electric scooter services and car-sharing platforms.

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

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.