E-Scooter-sharing - Egypt | Statista Market Forecast

Egypt's E-Scooter-sharing market is projected to see a substantial growth in revenue, with an estimated value of US$1.09m in 2024.
The revenue is expected to grow annually at a rate of 19.38%, leading to a projected market volume of US$2.65m by 2029.
By the end of 2029, the number of users is expected to rise to 193.30k users, with a projected user penetration of 0.1% in 2024 and 0.2% by 2029.
The average revenue per user (ARPU) is expected to be US$9.29.
In the E-Scooter-sharing market, 100% of total revenue is projected to be generated through online sales by 2029.
When compared globally, the majority of revenue is expected to come from United States, with an estimated value of US$730m in 2024.
E-Scooter-sharing is gaining popularity in Egypt as a sustainable and convenient mode of transportation for short-distance travel.

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 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.

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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