Shared Mobility - Moldova

Moldova

Moldova is expected to witness a substantial growth in its Shared Mobility market in the coming years.
By 2024, the projected revenue is estimated to reach US$168.70m, with an annual growth rate of 7.77% (CAGR 2024-2029) resulting in a projected market volume of US$245.30m by 2029.
Among the various markets of the Shared Mobility market, the largest is Flights, which is expected to have a market volume of US$63.90m in 2024.
The number of users in the Public Transportation market is projected to reach 1,860.00k users by 2029.
The user penetration in the Shared Mobility market is expected to be 57.5% in 2024 and 64.3% by 2029.
The average revenue per user (ARPU) is projected to be US$116.80.
By 2029, 64% of the total revenue in the Shared Mobility market is expected to be generated through online sales.
In a global comparison, China is expected to generate the most revenue in the market, with a projected revenue of US$365bn in 2024.
Despite being a developing country, Moldova is witnessing a rise in shared mobility services, with new players entering the market and offering innovative solutions.

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 Moldova is experiencing a steady growth in recent years, reflecting a shift in consumer preferences towards more flexible and cost-effective transportation options.

Customer preferences: Customers in Moldova are increasingly looking for convenient and affordable transportation solutions, which has led to a rise in demand for shared mobility services. The convenience of being able to access transportation on-demand through mobile applications is particularly appealing to tech-savvy consumers in urban areas. Additionally, the cost-effectiveness of shared mobility options compared to traditional car ownership is driving more people towards shared transportation services.

Trends in the market: One noticeable trend in the Shared Mobility market in Moldova is the increasing popularity of ride-hailing services. This trend can be attributed to the growing number of smartphone users in the country and the ease of booking a ride through mobile apps. Another trend is the emergence of bike-sharing and scooter-sharing services in urban areas, providing environmentally friendly transportation options for short distances. These trends indicate a shift towards more sustainable and efficient modes of transportation in the country.

Local special circumstances: Moldova's relatively small size and population density play a role in shaping the Shared Mobility market in the country. The compact nature of urban areas makes shared transportation options like carpooling, ride-hailing, and bike-sharing more feasible and attractive to consumers. Additionally, the improving infrastructure and road conditions in Moldova are contributing to the growth of shared mobility services, as more people feel comfortable using these options for their daily commute.

Underlying macroeconomic factors: The economic situation in Moldova, with a focus on cost-saving measures and increasing urbanization, is influencing the development of the Shared Mobility market. As disposable incomes remain relatively low, consumers are looking for affordable transportation alternatives, making shared mobility services a practical choice. Moreover, the government's initiatives to improve public transportation and reduce traffic congestion are creating a favorable environment for the growth of shared mobility 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.