Shared Mobility - Iraq

Iraq

Highlights

The Shared Mobility market in Iraq is expected to witness significant growth in the coming years.
It is projected that the revenue in this market will reach US$4.41bn by 2024, with an annual growth rate of 6.02% (CAGR 2024-2029).
This growth is expected to result in a market volume of US$5.91bn by 2029.
Among the different categories of Shared Mobility market, Flights is the largest market in Iraq, with a projected market volume of US$2.62bn in 2024.
By 2029, the number of users in the Public Transportation market is expected to reach 25.97m users.
The user penetration rate is expected to increase from 75.1% in 2024 to 85.3% by 2029.
The average revenue per user (ARPU) is projected to be at US$126.40.
It is also worth noting that in Iraq, 77% of the total revenue in the Shared Mobility market is expected to be generated through online sales by 2029.
When compared to other countries, China is expected to generate the highest revenue in this market, with US$365bn in 2024.
The shared mobility market in Iraq is still in its infancy due to challenges such as poor infrastructure and limited access to technology.

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 Iraq is experiencing a gradual but steady growth, reflecting the increasing demand for flexible transportation solutions in the region.

Customer preferences: Customers in Iraq are increasingly seeking convenient and cost-effective transportation options, which is driving the popularity of shared mobility services. The younger demographic, in particular, is more inclined towards on-demand services that offer flexibility and affordability.

Trends in the market: In Iraq, the Shared Mobility market is witnessing a rise in the adoption of ride-hailing services and bike-sharing platforms. This trend is largely influenced by the growing urbanization in major cities, leading to congestion and the need for efficient transportation alternatives. Additionally, the improving internet infrastructure and smartphone penetration are facilitating the access and usage of shared mobility services.

Local special circumstances: Iraq's unique socio-economic and political landscape plays a significant role in shaping the Shared Mobility market. The country's history of conflict and instability has impacted the development of transportation infrastructure, leading to a reliance on alternative mobility solutions. Moreover, cultural factors and social norms also influence the preferences of consumers in Iraq when it comes to choosing transportation options.

Underlying macroeconomic factors: The gradual recovery of Iraq's economy post-conflict is contributing to the growth of the Shared Mobility market. As disposable incomes increase and consumer spending power improves, more individuals are likely to opt for shared mobility services as a convenient and affordable mode of transportation. Additionally, government initiatives to modernize the transportation sector and improve road infrastructure are expected to further drive the expansion of shared mobility services in the country.

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.