Car-sharing - Kazakhstan | Statista Market Forecast

According to the latest report, the Car-sharing market in Kazakhstan is expected to generate a revenue of US$10.10m by 2024 with an annual growth rate of 7.03% (CAGR 2024-2029), resulting in a projected market volume of US$14.19m by 2029.
Moreover, the number of Car-sharing market users is estimated to reach 246.90k users by 2029, demonstrating a user penetration of 1.2% in contrast to 0.9% in 2024.
The average revenue per user (ARPU) is expected to be US$55.38.
In terms of revenue generation, online sales are anticipated to contribute 91% of total revenue by 2029.
It is noteworthy that, in comparison to the rest of the world, United States is expected to generate the most revenue, with a whopping US$3bn in 2024.
Car-sharing services in Kazakhstan are gaining popularity as urbanization increases and people look for more affordable and convenient transportation options.

Definition:

The Car-sharing market encompasses car-sharing services. Car-sharing service providers own the vehicles that customers can book independently at any time. Customers need to enter into a contract with the service provider in order to be able to book vehicles via a smartphone app, the website of the service provider, or by telephone. The vehicle is usually opened via smartphone or a chip card. Some service providers, however, provide the car key in a key safe at the car-sharing station. Prices are calculated per minute or hour, with the money being debited from the customer's bank account. Peer-to-peer car-sharing is not included in this market. Car-sharing services are not available in all countries; thus, only a limited number of countries and regions can be selected.

Additional Information:

The main performance indicators of the Car-sharing 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 mentioned market. 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.

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.

Free-floating car sharing bookings
Station-based car sharing bookings
Companies offering a combination of free-floating and station-based car sharing
Services such as Share Now, Sixt Share, or Enterprise CarShare

Peer-to-peer car sharing bookings
Rental car booking
Taxi services
Carpools
Ride hailing services

The Car-sharing market in Kazakhstan has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Kazakhstan have been shifting towards more sustainable and cost-effective transportation options, leading to an increased demand for car-sharing services. With rising concerns about environmental issues and the need for more efficient use of resources, customers are increasingly opting for car-sharing as a convenient and eco-friendly alternative to owning a private vehicle. Additionally, the younger generation, who value flexibility and convenience, are more inclined towards car-sharing services, as they provide them with the freedom to access a vehicle whenever needed without the burden of ownership. Trends in the car-sharing market in Kazakhstan reflect the global shift towards shared mobility solutions. The rise of digital platforms and smartphone applications has made it easier for customers to access and book car-sharing services, further fueling the growth of the market. Car-sharing companies have also been expanding their fleets and service areas to cater to the increasing demand, providing customers with a wider range of vehicle options and convenient pick-up and drop-off locations. Local special circumstances in Kazakhstan have also contributed to the development of the car-sharing market. The country's large urban population, particularly in major cities like Almaty and Nur-Sultan, has created a high demand for transportation services. The limited availability of parking spaces and the increasing cost of car ownership have made car-sharing a more attractive option for many residents. Furthermore, the government's efforts to promote sustainable transportation and reduce traffic congestion have created a supportive environment for the growth of the car-sharing market. Underlying macroeconomic factors have also played a role in the development of the car-sharing market in Kazakhstan. The country's growing middle class and increasing disposable incomes have made car-sharing more affordable and accessible to a larger segment of the population. Additionally, the government's investments in infrastructure development and the improvement of transportation systems have made car-sharing services more efficient and reliable, further driving the market growth. In conclusion, the car-sharing market in Kazakhstan is experiencing significant growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards more sustainable and cost-effective transportation options, the rise of digital platforms, the country's urban population, government support for sustainable transportation, and the growing middle class and disposable incomes are all contributing to the development of the car-sharing market in Kazakhstan.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of car-sharing services.

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.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.