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Key regions: United States, Saudi Arabia, Germany, Malaysia, India
The Shared Mobility market in Georgia has been witnessing significant growth and evolution in recent years.
Customer preferences: Customers in Georgia are increasingly opting for shared mobility services due to their convenience, cost-effectiveness, and environmental benefits. The younger population, in particular, is more inclined towards shared mobility options as they seek flexible and on-demand transportation solutions. The ease of booking rides through mobile applications and the availability of various vehicle options cater to the diverse needs of customers in the market.
Trends in the market: One of the prominent trends in the Shared Mobility market in Georgia is the rise of ride-hailing services, which have become a preferred choice for many urban dwellers. The increasing urbanization and traffic congestion in major cities have driven the demand for efficient and reliable transportation services, further fueling the growth of ride-hailing companies in the country. Additionally, the introduction of electric scooters and bikes as part of shared mobility services is gaining traction among environmentally conscious consumers looking for sustainable transportation options.
Local special circumstances: Georgia's unique geographical location as a bridge between Europe and Asia has positioned it as a strategic hub for transportation and logistics activities. This has not only influenced the transportation infrastructure in the country but has also contributed to the growing popularity of shared mobility services. The tourism industry in Georgia, known for its historical sites and natural landscapes, has also played a significant role in boosting the demand for shared mobility services, especially among tourists looking to explore the country.
Underlying macroeconomic factors: The growing economy of Georgia, supported by government initiatives to improve transportation infrastructure, has created a conducive environment for the development of the Shared Mobility market. The increasing disposable income levels and changing consumer preferences towards mobility solutions have further propelled the market growth. Moreover, the competitive landscape with both local startups and international players entering the market has led to innovation and advancements in shared mobility services, enhancing the overall customer experience.
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)