Shared Mobility - Luxembourg

Luxembourg

Luxembourg is expected to witness a significant surge in the revenue of the Shared Mobility market in the coming years.
According to the projections, the revenue in this market is anticipated to reach US$482.00m by 2024.
Moreover, the revenue is likely to grow at an annual rate of 2.01% between 2024 and 2029, resulting in a projected market volume of US$532.30m by 2029.
It is interesting to note that the largest market in this market is Public Transportation, which is expected to account for a significant portion of the market revenue.
It is projected that the market volume of Public Transportation will reach US$227.10m by 2024.
In the Public Transportation market, the number of users is expected to be the highest among all Shared Mobility markets with 541.30k users by 2029.
The user penetration rate in the Public Transportation market is expected to increase from 85.3% in 2024 to 92.3% by 2029, indicating a rise in the number of users.
The average revenue per user (ARPU) is expected to remain stable at US$854.00 during this period.
It is also noteworthy that online sales are expected to contribute significantly to the revenue of the Shared Mobility market.
By 2029, it is projected that 54% of the total revenue will be generated through online sales.
When compared globally, China is expected to generate the highest revenue in the Shared Mobility market.
The revenue in this market China is projected to reach US$365bn by 2024.
Nonetheless, in Luxembourg is expected to experience a substantial growth in the Shared Mobility market, indicating promising opportunities for investors and businesses in this sector.
Luxembourg's shared mobility market is rapidly growing, with increasing investment in electric bike and scooter sharing services.

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

Luxembourg is experiencing a significant shift in its Shared Mobility market, with various factors driving the development of this industry in the country.

Customer preferences: Customers in Luxembourg are increasingly seeking more convenient and sustainable transportation options, leading to a growing demand for shared mobility services. The desire for flexibility, cost-effectiveness, and environmentally friendly transportation solutions is shaping the preferences of consumers in the country.

Trends in the market: One notable trend in Luxembourg's Shared Mobility market is the rise of electric scooters and bikes as popular choices for short-distance travel. These options provide a convenient and eco-friendly way for individuals to navigate urban areas, contributing to the overall growth of shared mobility services in the country. Additionally, the integration of digital platforms and mobile apps for booking and accessing shared vehicles is streamlining the user experience and further fueling the market's expansion.

Local special circumstances: Luxembourg's relatively small geographical size and high population density create a conducive environment for shared mobility services to thrive. The compact nature of the country makes it ideal for short trips and encourages the use of shared transportation options as a practical alternative to private car ownership. Furthermore, Luxembourg's status as a financial hub with a diverse international population also influences the demand for flexible and efficient mobility solutions.

Underlying macroeconomic factors: The steady economic growth and high standard of living in Luxembourg support the development of the Shared Mobility market. As disposable incomes rise and urbanization continues, more residents are looking for convenient ways to move around the city without the hassle of owning a car. Additionally, government initiatives promoting sustainable transportation and reducing traffic congestion play a role in shaping the landscape of shared mobility services in the country.

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.