Car-sharing - Ukraine | Statista Market Forecast

According to reports, the Car-sharing market in Ukraine is expected to generate a revenue of US$513.60k by 2024.
It is further projected that the market will grow annually at a rate of 7.58% between 2024 and 2029, resulting in a market volume of US$740.20k by 2029.
The number of users is expected to reach 20.38k users by 2029, with a user penetration rate of 0.0% in both 2024 and 2029.
The average revenue per user (ARPU) is expected to be US$33.09.
It is also projected that by 2029, 91% of total revenue in the Car-sharing market will be generated through online sales.
In comparison to other countries, United States is expected to generate the highest revenue of US$3bn in 2024.
Car-sharing is gaining popularity in Ukraine, with companies like Uklon and BlaBlaCar leading the way in providing 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 Ukraine has been experiencing significant growth in recent years, driven by changing customer preferences and favorable market trends.

Customer preferences: In Ukraine, there is a growing trend towards shared mobility solutions, with more and more people opting for car-sharing services instead of owning a car. This shift in customer preferences can be attributed to several factors. Firstly, car-sharing offers a cost-effective alternative to car ownership, as users only pay for the time they actually use the vehicle. This is particularly appealing to younger generations who value flexibility and affordability. Additionally, car-sharing provides convenience and flexibility, allowing users to access a car whenever they need it without the hassle of maintenance, parking, and insurance.

Trends in the market: The car-sharing market in Ukraine is witnessing a surge in the number of service providers and the availability of vehicles. This growth can be attributed to the increasing popularity of car-sharing among urban dwellers who seek convenient and sustainable transportation options. Furthermore, technological advancements have played a crucial role in the development of the car-sharing market. The rise of mobile applications and digital platforms has made it easier for users to find and book car-sharing services, enhancing the overall user experience.

Local special circumstances: Ukraine, with its rapidly growing urban population and traffic congestion issues, presents a unique opportunity for the car-sharing market. The major cities in Ukraine, such as Kyiv, Kharkiv, and Lviv, have a high population density and limited parking spaces, making car ownership less practical. Car-sharing services provide a solution to this problem by offering a convenient and efficient mode of transportation without the need for personal vehicle ownership. Additionally, the government's efforts to promote sustainable transportation and reduce air pollution have also contributed to the growth of the car-sharing market in Ukraine.

Underlying macroeconomic factors: Several macroeconomic factors have contributed to the development of the car-sharing market in Ukraine. Firstly, the country's improving economic conditions have led to an increase in disposable income, allowing more people to afford car-sharing services. Additionally, the growing middle class in Ukraine has resulted in a shift in consumer behavior, with an increasing number of people prioritizing experiences and convenience over material possessions. This has created a favorable environment for the growth of the car-sharing market. Furthermore, the government's support for the development of the sharing economy and the implementation of favorable regulations have also played a significant role in fostering the growth of the car-sharing market in Ukraine. In conclusion, the car-sharing market in Ukraine is experiencing significant growth due to changing customer preferences, favorable market trends, local special circumstances, and underlying macroeconomic factors. As the demand for convenient and sustainable transportation solutions continues to rise, the car-sharing market in Ukraine is expected to further expand in the coming years.

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.