Shared Mobility - Brunei Darussalam

Brunei Darussalam

Highlights

Brunei Darussalam is expected to experience a steady growth in the Shared Mobility market in the coming years.
By 2024, the projected revenue for the market is estimated to reach US$116.00m, with an annual growth rate (CAGR 2024-2029) of 2.03%.
This growth is expected to result in a projected market volume of US$128.30m by 2029.
The largest market in the Shared Mobility market in Brunei Darussalam is Public Transportation, which is projected to have a market volume of US$58.72m in 2024.
The number of Public Transportation users is expected to reach 333.70k users by 2029.
The user penetration rate is expected to be 89.5% in 2024 and projected to increase to 95.0% by 2029.
The average revenue per user (ARPU) is projected to be US$284.40.
It is estimated that 41% of the total revenue in the Shared Mobility market will be generated through online sales by 2029.
It is worth noting that in a global comparison, China is expected to generate the most revenue in the Shared Mobility market, with an estimated revenue of US$365bn in 2024.
Despite its small size, Brunei Darussalam has a growing interest in shared mobility options as a way to reduce traffic congestion and carbon emissions.

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

The Shared Mobility market in Brunei Darussalam is experiencing a notable shift in consumer behavior and market dynamics.

Customer preferences: Consumers in Brunei Darussalam are increasingly valuing convenience, cost-effectiveness, and sustainability when it comes to transportation options. This has led to a growing demand for shared mobility services that offer flexibility in terms of pick-up and drop-off locations, as well as diverse vehicle options to cater to different needs.

Trends in the market: One prominent trend in the Shared Mobility market in Brunei Darussalam is the rise of app-based ride-hailing services that provide on-demand transportation solutions. This trend is driven by the widespread adoption of smartphones and the convenience they offer in booking rides. Additionally, the market is witnessing the integration of electric vehicles into shared mobility fleets, aligning with the country's push towards environmental sustainability.

Local special circumstances: Brunei Darussalam's small geographical size and high car ownership rate present unique challenges and opportunities for the Shared Mobility market. While the market may face competition from private vehicle usage, there is a growing segment of the population that prefers the convenience and cost savings associated with shared mobility services, especially in urban areas.

Underlying macroeconomic factors: The growing middle-class population in Brunei Darussalam, coupled with increasing urbanization, is driving the demand for efficient transportation solutions. As disposable incomes rise, consumers are more willing to spend on convenient and reliable shared mobility services. Additionally, government initiatives to promote sustainable transportation and reduce traffic congestion are further fueling the development of the Shared Mobility market 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.