E-Scooter-sharing - Azerbaijan | Statista Market Forecast

Azerbaijan is projected to witness a significant growth in the E-Scooter-sharing market in the coming years.
According to market research, revenue in this sector is expected to reach US$21.85k in 2024 and show an annual growth rate (CAGR 2024-2029) of 6.41%.
This growth is expected to result in a projected market volume of US$29.81k by the end of 2029.
The research also suggests that the number of users in Azerbaijan is expected to reach 2.12k users by 2029, with user penetration projected to be 0.0% in 2024 and 0.0% by 2029.
The average revenue per user (ARPU) is expected to remain at US$12.48.
It is noteworthy that online sales are expected to generate 100% of total revenue in the E-Scooter-sharing market by 2029.
Furthermore, in global comparison, United States is expected to generate the most revenue in this market, with an estimated revenue of US$730m in 2024.
E-Scooter-sharing has yet to take off in Azerbaijan, with limited infrastructure and low consumer demand.

Definition:

The E-Scooter-sharing market comprises e-scooter-sharing services that provide short-term rentals of electric motorized scooters (stand-up scooters). In e-scooter-sharing, scooters are generally owned by an e-scooter-sharing provider and can be reserved independently by customers around the clock. Customers are required to open an account with the e-scooter-sharing provider and can then reserve the vehicles, typically with a smartphone app. Providers normally offer dockless services, so it is possible to find e-scooters everywhere within the provider’s business zone, e.g., on sidewalks, and to leave the scooters anywhere in accordance with traffic regulations. Moped-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 E-Scooter-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 e-scooter-sharing services
Services such as Lime, Tier, Bird, and Movo

Private e-scooter usage
Multi-day e-scooter rentals
Peer-to-peer e-scooter reservations
Bike sharing and other forms of micro-mobility

The E-Scooter-sharing market in Azerbaijan has been experiencing significant growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in Azerbaijan have played a crucial role in the development of the E-Scooter-sharing market. With increasing urbanization and traffic congestion in major cities, customers are seeking alternative modes of transportation that are convenient, cost-effective, and environmentally friendly. E-Scooter-sharing services provide a flexible and efficient solution for short-distance travel, allowing customers to easily navigate through crowded streets and reach their destinations quickly. Trends in the market have also contributed to the growth of E-Scooter-sharing in Azerbaijan. The rise of smartphone usage and the availability of mobile applications have made it easier for customers to access and use E-Scooter-sharing services. The convenience of booking, unlocking, and paying for E-Scooters through mobile apps has attracted a large number of customers, especially among the younger generation who are more tech-savvy. Local special circumstances have further fueled the development of the E-Scooter-sharing market in Azerbaijan. The country has a relatively young population with a high percentage of tech-savvy individuals who are open to adopting new technologies. This demographic factor has created a favorable environment for the growth of E-Scooter-sharing services. Additionally, the compact size of major cities in Azerbaijan makes them ideal for E-Scooter-sharing, as customers can easily navigate through the city streets and reach their destinations quickly. Underlying macroeconomic factors have also played a role in the development of the E-Scooter-sharing market in Azerbaijan. The government has been actively promoting sustainable transportation solutions and investing in infrastructure development. This has created a supportive regulatory environment for E-Scooter-sharing companies to operate and expand their services. Furthermore, the increasing disposable income and changing lifestyles of the population have made E-Scooter-sharing an attractive option for customers looking for affordable and convenient transportation. In conclusion, the E-Scooter-sharing market in Azerbaijan is experiencing significant growth due to customer preferences for convenient and environmentally friendly transportation options, market trends driven by smartphone usage and mobile applications, local special circumstances such as a young and tech-savvy population, and underlying macroeconomic factors including government support and increasing disposable income. As these factors continue to evolve, the E-Scooter-sharing market in Azerbaijan is expected to further expand and diversify in the coming years.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings and revenues of e-scooter-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.