Shared Mobility - Israel

Israel

Highlights

Israel's Shared Mobility market is expected to experience significant revenue growth in the coming years.
By 2024, revenue is projected to reach US$4.01bn, with an annual growth rate (CAGR 2024-2029) of 9.00%.
This growth is expected to result in a projected market volume of US$6.17bn by 2029.
The largest market in Israel's Shared Mobility market is Flights, which is expected to reach a projected market volume of US$1.97bn in 2024.
By 2029, the number of Public Transportation users is expected to amount to 5.70m users.
User penetration is expected to be 93.9% by 2029, up from 69.9% in 2024.
The average revenue per user (ARPU) in Israel's Shared Mobility market is expected to be US$615.50.
By 2029, 71% of total revenue in this market is expected to be generated through online sales.
In comparison to other countries, China is projected to generate the most revenue in the Shared Mobility market, with US$365bn in 2024.
Israel's shared mobility market is dominated by local players, such as Gett and Moovit, offering innovative solutions for urban transportation.

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 Israel has been experiencing significant growth and development in recent years.

Customer preferences: Customers in Israel are increasingly valuing convenience and cost-effectiveness when it comes to transportation options. Shared mobility services such as ride-hailing, car-sharing, and bike-sharing are becoming popular choices among urban dwellers who seek efficient and affordable ways to get around the city.

Trends in the market: One prominent trend in the Shared Mobility market in Israel is the rise of electric scooters as a preferred mode of transportation. With the growing concern for environmental sustainability and the government's push for greener initiatives, electric scooters have gained traction as a convenient and eco-friendly option for short-distance travel in urban areas. This trend aligns with the global shift towards sustainable transportation solutions.

Local special circumstances: Israel's compact urban centers and well-developed infrastructure make it conducive for the growth of Shared Mobility services. The country's tech-savvy population and high smartphone penetration rates also contribute to the success of shared mobility platforms that rely on mobile apps for booking and payment. Additionally, the government's support for innovative transportation solutions further propels the expansion of shared mobility services in the country.

Underlying macroeconomic factors: The Shared Mobility market in Israel is also influenced by macroeconomic factors such as the increasing urbanization rate and changing consumer behaviors. As more people move to urban areas for work and lifestyle preferences, the demand for convenient and flexible transportation options rises. Moreover, the younger generation's preference for access over ownership and the sharing economy's growing popularity play a significant role in shaping the Shared Mobility market in Israel.

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.