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Key regions: United States, Saudi Arabia, Germany, Malaysia, India
The Shared Mobility market in Central Africa is witnessing a gradual but steady growth driven by evolving customer preferences, local special circumstances, and underlying macroeconomic factors.
Customer preferences: Customers in Central Africa are increasingly looking for convenient and cost-effective transportation options, leading to a rising demand for shared mobility services. The flexibility and ease of access offered by shared mobility solutions align well with the preferences of modern consumers who seek on-demand and efficient transportation.
Trends in the market: In Central Africa, the Shared Mobility market is experiencing a surge in ride-sharing and bike-sharing services. This trend is influenced by the growing urban population, changing consumer behavior, and the need for sustainable transportation solutions. The adoption of digital platforms for booking rides and making payments is also on the rise, enhancing the overall customer experience in the shared mobility sector.
Local special circumstances: Central Africa's infrastructure challenges, including limited public transportation options and traffic congestion in urban centers, are driving the adoption of shared mobility services. Additionally, the region's young and tech-savvy population is embracing new transportation trends, contributing to the expansion of shared mobility offerings.
Underlying macroeconomic factors: The economic growth and increasing disposable income levels in Central Africa are playing a crucial role in the development of the Shared Mobility market. As more people gain access to smartphones and digital payment methods, the penetration of shared mobility services is expected to grow further. Moreover, government initiatives promoting sustainable transportation and reducing carbon emissions are creating a favorable environment for shared mobility providers to thrive in the region.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)