Shared Mobility - Jordan

Jordan

Jordan is expected to experience significant growth in the Shared Mobility market, with revenue projected to reach US$905.50m by 2024 and a CAGR of 3.08% from 2024 to 2029, resulting in a projected market volume of US$1,054.00m by 2029.
The largest market within this market in Jordan is Flights, with a projected market volume of US$323.90m in 2024.
The number of users of Public Transportation in Jordan is expected to reach 7.86m users by 2029.
The user penetration in the Shared Mobility market is expected to be 81.4% in 2024 and 88.7% by 2029.
The average revenue per user (ARPU) in Jordan is expected to be US$97.73.
Online sales are expected to contribute to 53% of total revenue in Jordan's Shared Mobility market by 2029.
In global comparison, China is expected to generate the most revenue, with a projected revenue of US$365bn in 2024.
Jordan's shared mobility market is seeing a rise in ride-hailing services, with companies like Careem and Uber gaining popularity among locals and tourists.

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.

Market

Region

Region comparison

Currency

Analyst Opinion

The Shared Mobility market in Jordan is experiencing a notable shift in consumer preferences and market trends, driven by various factors influencing the transportation industry in the country.

Customer preferences: Customers in Jordan are increasingly leaning towards shared mobility services due to the convenience, cost-effectiveness, and environmental benefits they offer. The younger population, in particular, is more inclined towards flexible transportation options that do not require ownership of a vehicle. This shift in preferences is in line with the global trend towards sustainable and on-demand transportation solutions.

Trends in the market: One of the prominent trends in the Shared Mobility market in Jordan is the rise of ride-hailing services, which have gained significant popularity in urban areas. This trend is fueled by the growing smartphone penetration in the country, making it easier for customers to access and use ride-hailing applications. Additionally, the introduction of electric scooters and bikes for short-distance trips is also gaining traction among commuters looking for alternative modes of transportation.

Local special circumstances: Jordan's urban centers, such as Amman, are experiencing increasing traffic congestion and limited parking spaces, making shared mobility services a more attractive option for residents and visitors alike. The government's efforts to improve public transportation infrastructure and promote sustainable mobility solutions are also contributing to the growth of the Shared Mobility market in the country. Moreover, the tourism sector in Jordan is driving demand for convenient and efficient transportation options, further boosting the adoption of shared mobility services.

Underlying macroeconomic factors: The economic landscape in Jordan, characterized by a young and tech-savvy population, is conducive to the growth of shared mobility services. The country's efforts to promote innovation and entrepreneurship are creating opportunities for local startups to enter the transportation market with innovative solutions. Additionally, the government's focus on reducing carbon emissions and promoting sustainable development aligns with the increasing demand for eco-friendly transportation options, driving the expansion of the Shared Mobility market in Jordan.

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.