Shared Mobility - Germany

Germany

Germany is expected to witness a significant growth in the Shared Mobility market, with revenue projected to reach US$56,580.00m by 2024.
It is expected to exhibit an annual growth rate of 1.65% (CAGR 2024-2029), leading to a projected market volume of US$61,390.00m by 2029.
Flights is the largest market in Germany, with a projected market volume of US$23,850.00m in 2024.
By 2029, the number of users in the Public Transportation market is expected to reach 60.49m users.
User penetration is expected to rise from 95.0% in 2024 to 95.0% by 2029.
The average revenue per user (ARPU) is expected to be US$640.40.
In Germany, 64% of the total revenue in the Shared Mobility market is expected to be generated through online sales by 2029.
In global comparison, China is expected to generate the most revenue in the Shared Mobility market, with a projected revenue of US$365bn in 2024.
Germany's shared mobility market is seeing a shift towards electric vehicles and increased focus on sustainability.

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.

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Region

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Analyst Opinion

The Shared Mobility market in Germany has been experiencing significant growth and evolution in recent years.

Customer preferences: German consumers are increasingly valuing convenience, cost-effectiveness, and environmental sustainability when it comes to transportation options. This has led to a growing demand for shared mobility services such as ride-hailing, car-sharing, and bike-sharing. Customers appreciate the flexibility and ease of access that shared mobility provides, especially in urban areas where owning a car can be expensive and impractical.

Trends in the market: One notable trend in the Shared Mobility market in Germany is the rise of electric scooters as a popular mode of transportation. These eco-friendly vehicles offer a convenient and fun way to navigate city streets, particularly for short trips. Additionally, there has been a shift towards multimodal transportation solutions, where customers can seamlessly switch between different modes of shared mobility within a single trip. This integration of various services is enhancing the overall user experience and driving further adoption of shared mobility options.

Local special circumstances: Germany's strong focus on sustainability and environmental protection is influencing the development of the Shared Mobility market in the country. Government initiatives promoting clean transportation and reducing carbon emissions are encouraging the adoption of shared mobility services that offer electric or hybrid vehicles. Furthermore, the high population density in major cities like Berlin, Munich, and Hamburg is creating a conducive environment for shared mobility providers to thrive, as residents seek efficient and eco-friendly ways to get around.

Underlying macroeconomic factors: The economic stability and high disposable income levels in Germany are also contributing to the growth of the Shared Mobility market. Consumers are willing to spend on convenient transportation solutions that align with their values of sustainability and cost-effectiveness. Moreover, the country's well-developed infrastructure and advanced technology landscape support the seamless operation of shared mobility services, making it easier for providers to meet the evolving needs of customers in the market.

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.