Shared Mobility - MENA

MENA

Revenue in the Shared Mobility market is projected to reach US$63,780.00m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.60%, resulting in a projected market volume of US$87,800.00m by 2029.
The market's largest market is the Flights market with a projected market volume of US$33,340.00m in 2024.
In the Public Transportation market, the number of users is expected to amount to 374.50m users by 2029.
User penetration is 68.3% in 2024 and is expected to hit 83.5% by 2029.
The average revenue per user (ARPU) is expected to amount to US$163.90.
In the Shared Mobility market, 68% of total revenue will be generated through online sales by 2029.
In global comparison, most revenue will be generated in China (US$365bn in 2024).

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

Shared Mobility services in the MENA region have been steadily gaining popularity in recent years, with a variety of factors contributing to the market's growth.

Customer preferences: Customers in the MENA region are increasingly valuing convenience and cost-effectiveness when it comes to transportation options. Shared Mobility services offer a flexible and affordable alternative to traditional transportation methods, making them attractive to a wide range of consumers.

Trends in the market: In countries like the UAE and Saudi Arabia, the Shared Mobility market is witnessing a surge in demand for ride-hailing services, bike-sharing, and car-sharing platforms. This trend can be attributed to the growing urban population, increasing smartphone penetration, and a shift towards sustainable transportation solutions.

Local special circumstances: Certain countries in the MENA region, such as Egypt and Jordan, have unique market dynamics that influence the adoption of Shared Mobility services. In Egypt, for example, the government is actively promoting ride-sharing initiatives to alleviate traffic congestion in major cities. In Jordan, the popularity of bike-sharing services is on the rise, driven by a growing awareness of environmental issues among the population.

Underlying macroeconomic factors: The economic landscape in the MENA region, characterized by a young and tech-savvy population, is conducive to the growth of Shared Mobility services. Rising disposable incomes, rapid urbanization, and government support for smart transportation solutions are further propelling the market forward. Additionally, the region's focus on diversifying its economy away from oil dependency is creating opportunities for innovative mobility startups to thrive.

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.