Shared Mobility - Fiji

Fiji

It is projected that the revenue in Fiji's Shared Mobility market will reach US$71.96m by the year 2024.
The market is expected to show an annual growth rate (CAGR 2024-2029) of 2.96%, resulting in a projected market volume of US$83.25m by the year 2029.
Public Transportation is the largest of the Shared Mobility markets, with a projected market volume of US$32.75m by 2024.
By 2029, the number of users for Public Transportation is expected to amount to 707.90k users.
User penetration is 95.0% in 2024 and is expected to hit 95.0% by 2029.
The average revenue per user (ARPU) is expected to amount to US$74.20.
Online sales are projected to generate 48% of the total revenue in the Shared Mobility market by the year 2029.
In global comparison, China is expected to generate the most revenue (US$365bn in 2024).
Fiji's shared mobility market is in its infancy, with informal ride-sharing and bike rental services slowly gaining popularity.

Key regions: United States, Saudi Arabia, Germany, Malaysia, India

Definition:

The Shared Mobility market encompasses a diverse range of long- and short-distance mobility services. As the world moves towards a more connected and digital era, the Shared Mobility market is central to driving innovation, collaboration, and the development of intelligent transportation systems.

Structure:

The market consists of eleven further markets. These include the following markets:

The Car Rentals market contains vehicle rentals that have been booked in person, by telephone via the internet or an app.
The Car-sharing market includes professionally run car-sharing services that provide on-demand access vehicles, allowing users to rent cars for short periods, e.g., by minute or hour.
The Bike-sharing market contains short-term bike-sharing services. Bicycles can be found in the provider’s business zone where they are either parked at designated stations or freely distributed without fixed docks.
The Ride-hailing market encompasses on-demand transportation services facilitated through mobile apps or online platforms. This market covers both private vehicle rides and taxi services, all booked exclusively online.
The Taxi market covers exclusively traditional taxi services booked offline, typically via street hailing or phone calls.
The Flights market contains air travel bookings regardless of the purchase channel, such as an airline's website or a travel agency.
In the Public Transportation market, revenues generated by ticket sales from public transportation companies are considered.

Additional Information:

The main performance indicators of the Shared Mobility 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 above-mentioned markets. 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. Additional definitions for each market can be found within the respective market pages.

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.

Market

Region

Region comparison

Currency

Analyst Opinion

The Shared Mobility market in Fiji is experiencing a shift in consumer preferences towards more convenient and sustainable transportation options.

Customer preferences: In Fiji, customers are increasingly seeking shared mobility services due to the convenience and cost-effectiveness they offer. With the rise of urbanization and traffic congestion in major cities like Suva and Nadi, people are looking for alternative transportation solutions that can help them navigate through the busy streets more efficiently. Shared mobility services such as ride-hailing, bike-sharing, and car-sharing are becoming popular choices among tech-savvy Fijians who value flexibility and affordability in their daily commute.

Trends in the market: One of the notable trends in the Shared Mobility market in Fiji is the growing popularity of electric scooters and bicycles as eco-friendly transportation options. As the government and local communities become more environmentally conscious, there is a rising demand for shared electric vehicles that can help reduce carbon emissions and promote sustainable living. Companies offering electric scooter and bike-sharing services are gaining traction in Fiji, catering to both locals and tourists looking for green transportation alternatives.

Local special circumstances: Fiji's unique geography, with its scattered islands and diverse terrain, presents both challenges and opportunities for the Shared Mobility market. While traditional transportation infrastructure may be limited in some remote areas, shared mobility services have the potential to fill the gaps and provide connectivity to underserved communities. Additionally, the tourism industry in Fiji plays a significant role in driving the demand for shared transportation services, as visitors often rely on convenient and efficient ways to explore the islands during their stay.

Underlying macroeconomic factors: The economic growth and increasing disposable income levels in Fiji are contributing to the expansion of the Shared Mobility market. As more people have the financial means to afford transportation services beyond traditional modes like private car ownership, the demand for shared mobility options is on the rise. Additionally, the proliferation of smartphone technology and digital payment systems in Fiji has made it easier for consumers to access and use shared mobility services, further fueling market growth.

Methodology

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.