Key regions: China, Germany, Thailand, Saudi Arabia, India
The E-Scooter-sharing market in Western Asia is experiencing significant growth and development.
Customer preferences: Customers in Western Asia are increasingly opting for E-Scooter-sharing services as a convenient and eco-friendly mode of transportation. The younger generation, in particular, is embracing this trend due to the flexibility and affordability it offers. E-Scooter-sharing allows customers to easily navigate through congested urban areas and avoid traffic jams, making it an attractive option for daily commuting and short-distance travel.
Trends in the market: One of the key trends in the E-Scooter-sharing market in Western Asia is the rapid expansion of service providers. Both local startups and international companies are entering the market to capitalize on the growing demand. This has led to increased competition, resulting in improved service quality and lower prices for customers. Additionally, many E-Scooter-sharing companies are introducing innovative features such as integrated GPS systems and mobile apps for easy booking and payment.
Local special circumstances: The unique geographical and cultural characteristics of Western Asia contribute to the development of the E-Scooter-sharing market. With its dense urban areas and limited parking spaces, cities in this region face significant challenges in terms of traffic congestion and pollution. E-Scooter-sharing offers a practical solution to these issues by providing a sustainable and efficient mode of transportation. Furthermore, the warm climate in Western Asia makes it conducive for year-round E-Scooter usage, attracting more customers.
Underlying macroeconomic factors: The economic growth and increasing disposable incomes in Western Asia play a crucial role in the development of the E-Scooter-sharing market. As people's purchasing power rises, they are more willing to spend on convenient and sustainable transportation options. Additionally, government initiatives and policies promoting clean energy and reducing carbon emissions further support the growth of the E-Scooter-sharing market. The favorable regulatory environment and infrastructure development also contribute to the expansion of the market. In conclusion, the E-Scooter-sharing market in Western Asia is experiencing significant growth due to customer preferences for convenient and eco-friendly transportation options. The rapid expansion of service providers, unique geographical and cultural circumstances, and favorable macroeconomic factors all contribute to the development of this market. As the market continues to evolve, it is expected that E-Scooter-sharing will become an integral part of the transportation landscape in Western Asia.
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.
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)
