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E-Scooter-sharing - Egypt

Egypt

Egypt's E-Scooter-sharing market is projected to see a substantial growth in revenue, with an estimated value of US$815.10k in 2024.
The revenue is expected to grow annually at a rate of 13.46%, leading to a projected market volume of US$1,351.00k by 2028.
By the end of 2028, the number of users is expected to rise to 233.50k users, with a projected user penetration of 0.1% in 2024 and 0.2% by 2028.
The average revenue per user (ARPU) is expected to be US$6.14.
In the E-Scooter-sharing market, 100% of total revenue is projected to be generated through online sales by 2028.
When compared globally, the majority of revenue is expected to come from United States, with an estimated value of US$768,400k in 2024.
E-Scooter-sharing is gaining popularity in Egypt as a sustainable and convenient mode of transportation for short-distance travel.

Key regions: China, Germany, Thailand, Saudi Arabia, India

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Analyst Opinion

The E-Scooter-sharing market in Egypt has been experiencing significant growth in recent years.

Customer preferences: One of the main reasons for the growth of the E-Scooter-sharing market in Egypt is the increasing preference for eco-friendly transportation options. As awareness about climate change and environmental sustainability grows, more and more people are looking for alternative modes of transportation that have a lower carbon footprint. E-Scooters offer a convenient and environmentally friendly solution, as they do not emit any greenhouse gases and can be easily charged using renewable energy sources.

Trends in the market: Another trend driving the growth of the E-Scooter-sharing market in Egypt is the increasing adoption of smartphone technology. E-Scooter-sharing companies typically operate through smartphone applications, allowing users to locate and unlock scooters with ease. The widespread use of smartphones in Egypt has made it easier for people to access and use E-Scooter-sharing services, contributing to the market's growth. Furthermore, the government of Egypt has been supportive of the E-Scooter-sharing market and has implemented policies to encourage its growth. This includes the development of dedicated infrastructure for E-Scooter lanes and parking spaces, as well as the implementation of regulations to ensure the safety of riders and pedestrians. These government initiatives have created a favorable environment for E-Scooter-sharing companies to operate and expand their services.

Local special circumstances: Egypt's large population and urbanization rate also contribute to the growth of the E-Scooter-sharing market. With a population of over 100 million people and increasing urbanization, there is a growing demand for efficient and affordable transportation options in cities. E-Scooter-sharing services provide a convenient solution for short-distance travel, allowing people to avoid traffic congestion and reach their destinations quickly.

Underlying macroeconomic factors: In addition to customer preferences and local circumstances, there are underlying macroeconomic factors that are driving the growth of the E-Scooter-sharing market in Egypt. The country's economic development and rising disposable incomes have made E-Scooter-sharing services more accessible to a larger segment of the population. As more people can afford to use these services, the demand for E-Scooters has increased, leading to market growth. Overall, the E-Scooter-sharing market in Egypt is experiencing significant growth due to customer preferences for eco-friendly transportation, the increasing adoption of smartphone technology, government support, the country's large population and urbanization rate, and underlying macroeconomic factors. As these trends continue to develop, it is expected that the E-Scooter-sharing market in Egypt will continue to expand in the coming years.

Methodology

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.