Shared Mobility - Iran

Iran

Highlights

In Iran, the Shared Mobility market is expected to experience a significant growth trajectory in the coming years.
It is anticipated that the revenue in this market will reach US$5.12bn by 2024, with an annual growth rate (CAGR 2024-2029) of 15.50%.
This growth rate is expected to result in a projected market volume of US$10.54bn by 2029.
The largest market in this market is Flights, which is expected to reach a projected market volume of US$2.38bn in 2024.
Additionally, it is expected that the number of users in the Public Transportation market will reach 84.43m users by 2029.
It is projected that the user penetration rate, which stands at 95.0% in 2024, will increase to 95.0% by 2029.
Moreover, the average revenue per user (ARPU) is expected to amount to US$58.44, highlighting the potential for revenue growth in the Shared Mobility market in Iran.
It is further estimated that 62% of total revenue will be generated through online sales by 2029.
In comparison to other countries, it is projected that the majority of revenue in this market will be generated in China, with an expected revenue of US$365bn in 2024.
Nonetheless, the Iranian market has the potential to experience significant growth in the Shared Mobility market in the coming years.
Despite regulatory challenges, Iran's shared mobility market is seeing growth with the emergence of new startups offering ride-hailing and bike-sharing services.

Key regions:

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 definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Shared Mobility market in Iran has been experiencing significant growth and development in recent years.

Customer preferences: Customers in Iran are increasingly looking for convenient and cost-effective transportation options, leading to a rise in demand for shared mobility services. With the growing urban population and traffic congestion in major cities, people are turning to shared mobility solutions as a more efficient way to commute.

Trends in the market: One of the key trends in the Shared Mobility market in Iran is the increasing popularity of ride-hailing services. Companies offering ride-hailing apps have seen a surge in users as more people opt for on-demand transportation. Additionally, carpooling services have gained traction among commuters looking to split costs and reduce their carbon footprint.

Local special circumstances: Iran's unique regulatory environment and infrastructure challenges have shaped the Shared Mobility market in the country. The government's restrictions on foreign companies operating within its borders have paved the way for local players to dominate the market. Moreover, the availability of affordable smartphones and widespread internet access have facilitated the adoption of shared mobility services among the tech-savvy Iranian population.

Underlying macroeconomic factors: The economic landscape in Iran, including factors such as disposable income levels and fuel prices, plays a significant role in shaping the Shared Mobility market. Fluctuations in fuel prices have a direct impact on the demand for shared mobility services, as people seek alternative transportation options during periods of high fuel costs. Additionally, the overall economic stability of the country influences consumer spending behavior and their willingness to invest in shared mobility solutions.

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.