Shared Mobility - Cambodia

Cambodia

Highlights

Cambodia is expected to experience a surge in the revenue of the Shared Mobility market in the forthcoming years.
It is projected that by 2024, the revenue in this market will reach US$340.20m.
Furthermore, the annual growth rate (CAGR 2024-2029) is estimated to be 5.46%.
As a result, the market volume is expected to increase to US$443.80m by 2029.
The Flights market is anticipated to be the largest market in Cambodia, with a projected market volume of US$143.20m by 2024.
Additionally, the number of users in the Public Transportation market is expected to amount to 5.43m users by 2029.
It is noteworthy that the user penetration rate is estimated to be 42.4% in 2024 and is expected to increase to 50.1% by 2029.
The average revenue per user (ARPU) is expected to be US$46.84 in Cambodia.
Moreover, it is estimated that 67% of the total revenue in the Shared Mobility market will be generated through online sales by 2029.
It is worth mentioning that in a global comparison, China is expected to generate the most revenue in the Shared Mobility market, with a projected revenue of US$365bn in 2024.
Cambodia's shared mobility market is seeing growth with the introduction of ride-hailing services like PassApp and ExNet Taxi.

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 Cambodia has been experiencing significant growth and development in recent years.

Customer preferences: Customers in Cambodia are increasingly looking for convenient, cost-effective, and environmentally friendly transportation options. Shared mobility services such as ride-hailing, bike-sharing, and scooter-sharing have gained popularity among tech-savvy and eco-conscious consumers who prioritize ease of access and affordability.

Trends in the market: One of the key trends shaping the Shared Mobility market in Cambodia is the rapid urbanization and population growth in major cities. As more people move to urban areas, there is a growing demand for efficient transportation solutions to alleviate traffic congestion and reduce air pollution. This has led to the proliferation of shared mobility services as a sustainable alternative to private car ownership.

Local special circumstances: Cambodia's unique geographical and demographic characteristics play a significant role in driving the growth of the Shared Mobility market. With a young and tech-literate population, the country presents a ripe market for innovative transportation solutions. Moreover, the government's efforts to improve infrastructure and promote sustainable urban development have created a conducive environment for shared mobility operators to thrive.

Underlying macroeconomic factors: The economic development and rising disposable income levels in Cambodia have also contributed to the expansion of the Shared Mobility market. As more people have the financial means to access transportation services, there is a growing market for shared mobility providers to tap into. Additionally, the increasing focus on sustainability and green initiatives in the country has further propelled the adoption of shared mobility services as a greener mode of transportation.

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.