E-Scooter-sharing - Bahrain | Statista Market Forecast

In 2024, the revenue in the E-Scooter-sharing market in Bahrain is projected to reach US$1.10m.
The market is expected to experience an annual growth rate (CAGR 2024-2029) of 5.27%, which will result in a projected market volume of US$1.42m by 2029.
Furthermore, it is expected that the number of users in this market will reach 97.24k users by 2029, with a projected user penetration of 5.3% in 2024 and 6.2% by 2029.
The average revenue per user (ARPU) is also expected to reach US$13.86.
It is noteworthy that by 2029, 100% of the total revenue in the E-Scooter-sharing market in Bahrain will be generated through online sales.
In comparison with other countries, it is projected that the highest revenue will be generated in United States, which is expected to reach US$730m in 2024.
Despite the hot climate, Bahrain's E-Scooter-sharing market is gaining popularity among tourists and locals for its convenience and eco-friendliness.

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 Bahrain is experiencing significant growth and development.

Customer preferences: Customers in Bahrain are increasingly drawn to the convenience and accessibility of e-scooter-sharing services. With the rise of urbanization and the increasing traffic congestion in major cities, people are looking for alternative modes of transportation that are more flexible and efficient. E-scooters provide a convenient solution for short-distance travel, allowing users to easily navigate through crowded streets and reach their destinations quickly. Additionally, the affordability of e-scooter-sharing services makes them an attractive option for many customers.

Trends in the market: One of the key trends in the e-scooter-sharing market in Bahrain is the integration of technology. E-scooter-sharing companies are leveraging advanced technology to enhance the user experience. This includes features such as mobile applications that allow users to locate and unlock e-scooters, as well as track their usage and payment history. These technological advancements not only make it easier for customers to access and use e-scooters, but also provide valuable data for the companies to optimize their operations and improve the overall efficiency of the service. Another trend in the market is the focus on sustainability. E-scooters are seen as a greener alternative to traditional modes of transportation, as they produce zero emissions and help reduce the carbon footprint. This aligns with the growing global concern for environmental sustainability, and customers in Bahrain are increasingly conscious of their impact on the environment. E-scooter-sharing companies are capitalizing on this trend by promoting their services as a sustainable transportation option.

Local special circumstances: Bahrain's compact size and well-developed infrastructure make it an ideal market for e-scooter-sharing services. The country has a dense urban population, particularly in the capital city of Manama, where traffic congestion is a major issue. E-scooters provide a practical solution for short-distance travel, allowing users to bypass traffic and reach their destinations more quickly. Additionally, Bahrain's warm climate makes e-scooters a popular choice for commuting and leisure activities, as they offer a convenient and enjoyable way to travel around the city.

Underlying macroeconomic factors: Bahrain's growing economy and increasing disposable income contribute to the development of the e-scooter-sharing market. As the country continues to experience economic growth, more people have the means to afford alternative modes of transportation, such as e-scooters. The government's support for sustainable transportation initiatives also plays a role in driving the growth of the market. Bahrain has implemented policies and regulations to encourage the adoption of electric vehicles, including e-scooters, and this creates a favorable environment for e-scooter-sharing companies to operate and expand their services. In conclusion, the e-scooter-sharing market in Bahrain is growing due to customer preferences for convenience and sustainability, as well as the local special circumstances of the country's urban population and well-developed infrastructure. The integration of technology and the focus on sustainability are key trends in the market, while the underlying macroeconomic factors of Bahrain's growing economy and government support for sustainable transportation initiatives further contribute to the development of the market.

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.

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