Key regions: United States, Saudi Arabia, Germany, Malaysia, India
In Egypt, the Shared Mobility market is witnessing significant growth and development.
Customer preferences: Customers in Egypt are increasingly leaning towards shared mobility services due to the convenience, cost-effectiveness, and flexibility they offer. With the rise of urbanization and congestion in major cities like Cairo and Alexandria, people are looking for efficient transportation options that can help them navigate through traffic quickly and easily.
Trends in the market: One of the prominent trends in the Shared Mobility market in Egypt is the increasing popularity of ride-hailing services. Companies offering ride-hailing apps have seen a surge in demand as more people opt for on-demand transportation solutions. Additionally, bike-sharing and scooter-sharing services are also gaining traction, especially among the younger population and tourists looking for eco-friendly and affordable ways to explore the cities.
Local special circumstances: Egypt's unique geographical and cultural landscape play a significant role in shaping the Shared Mobility market. The country's rich history and tourist attractions make it a prime destination for travelers, leading to a growing demand for shared transportation services. Moreover, the government's initiatives to improve infrastructure and promote sustainable transportation options are further driving the growth of the market.
Underlying macroeconomic factors: The improving economic conditions in Egypt, coupled with increasing smartphone penetration and digital payment systems, have created a conducive environment for the growth of shared mobility services. As disposable incomes rise and technology becomes more accessible, more people are likely to embrace shared transportation solutions as a convenient and affordable way to get around. Additionally, government regulations and support for the sector are also contributing to the expansion of the Shared Mobility market in Egypt.
Data coverage:
The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of car rentals, ride-hailing, taxi, car-sharing, bike-sharing, e-scooter-sharing, moped-sharing, trains, buses, public transportation, and flights.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)
