Car-sharing - Russia | Statista Market Forecast

In Russia, the Car-sharing market is expected to witness a substantial increase in revenue, with a projected amount of US$75.93m by 2024.
The revenue is expected to grow annually at a rate of 3.69%, resulting in a projected market volume of US$91.01m by 2029.
Additionally, the number of users in this market is expected to reach 601.80k users by 2029, with a user penetration rate of 0.4% in 2024, which is expected to rise to 0.4% by 2029.
The average revenue per user (ARPU) is projected at US$139.90.
By 2029, it is estimated that 94% of the total revenue in this market will be generated through online sales.
It is worth noting that in global comparison, United States is expected to generate the highest revenue in the Car-sharing market, with a projected revenue of US$3bn in 2024.
Car-sharing services in Russia are gaining popularity due to the high cost of car ownership and the convenience of accessing a vehicle without the hassle of maintenance.

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 Russia has been experiencing significant growth in recent years, driven by changing customer preferences and the emergence of new market players. Customer preferences in the car-sharing market in Russia have shifted towards more flexible and convenient transportation options. This is particularly evident among urban dwellers who are looking for alternative modes of transportation that are cost-effective and do not require the hassle of owning a car. Car-sharing services provide these customers with the flexibility to rent a car for short periods of time, allowing them to avoid the costs and responsibilities associated with car ownership. Additionally, the convenience of booking a car through a mobile app has also contributed to the growing popularity of car-sharing services in Russia. One of the key trends in the car-sharing market in Russia is the increasing competition among market players. In recent years, several new car-sharing companies have entered the market, offering a wider range of options to customers. This increased competition has led to lower prices and improved service quality, as companies strive to attract and retain customers. Furthermore, technological advancements have also played a significant role in driving the growth of the car-sharing market in Russia. The development of mobile apps and GPS tracking systems has made it easier for customers to locate and book available cars, while also providing companies with valuable data on customer preferences and usage patterns. Local special circumstances in Russia have also contributed to the growth of the car-sharing market. The high cost of car ownership, including fuel, maintenance, and parking fees, has made car-sharing an attractive alternative for many Russians. Additionally, the country's large urban population and limited parking spaces have made car-sharing a more practical option for those living in cities. Furthermore, the government's support for car-sharing initiatives, such as the introduction of dedicated car-sharing parking spaces and the implementation of favorable regulations, has also played a role in driving the growth of the market. Underlying macroeconomic factors, such as the overall economic growth and increasing urbanization in Russia, have also contributed to the development of the car-sharing market. As the economy continues to grow, more people are able to afford the convenience of car-sharing services. Additionally, the rapid urbanization in Russia has led to increased congestion and traffic problems in cities, making car-sharing a more attractive option for many residents. In conclusion, the car-sharing market in Russia is experiencing significant growth due to changing customer preferences, increasing competition among market players, local special circumstances, and underlying macroeconomic factors. As the market continues to evolve, it is expected that car-sharing services will become even more popular among urban dwellers in Russia.

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.