Shared Mobility - Pakistan

Pakistan

Highlights

In Pakistan, the Shared Mobility market is expected to witness significant growth in the coming years.
According to projections, revenue in this market is expected to reach US$9.77bn by 2024.
Furthermore, the market is expected to expand at a Compound Annual Growth Rate (CAGR) of 6.58% during the period from 2024 to 2029, resulting in a projected market volume of US$13.44bn by 2029.
It is noteworthy that the largest market of the Shared Mobility market is Flights, with a projected market volume of US$5.72bn in 2024.
The number of Public Transportation users is expected to amount to 173.60m users by 2029.
The user penetration rate in the Shared Mobility market is 60.3% in 2024 and projected to be 71.0% by 2029.
The average revenue per user (ARPU) for the Shared Mobility market is expected to amount to US$82.68 in Pakistan.
Moreover, it is estimated that 47% of the total revenue in this market will be generated through online sales by 2029.
Comparing to other countries, it is projected that China will generate the most revenue in this market, with US$365bn in 2024.
However, it is important to note that Pakistan's market is also expected to grow significantly in the coming years.
Pakistan's shared mobility market is experiencing a surge in demand due to increased urbanization and traffic congestion.

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 Pakistan has been experiencing significant growth and evolution in recent years.

Customer preferences: Customers in Pakistan are increasingly valuing convenience, affordability, and sustainability when it comes to transportation options. Shared Mobility services such as ride-hailing, bike-sharing, and carpooling are becoming popular choices among urban dwellers who seek cost-effective and efficient ways to navigate the congested city streets.

Trends in the market: One prominent trend in the Shared Mobility market in Pakistan is the rise of motorcycle ride-hailing services. Motorcycles are a common mode of transportation in the country, and the introduction of app-based ride-hailing platforms for motorcycles has revolutionized the way people move around cities. This trend caters to the unique needs of Pakistani consumers and provides a practical solution to traffic congestion.

Local special circumstances: Pakistan's unique market dynamics, including a large population, rapid urbanization, and infrastructural challenges, have contributed to the growth of Shared Mobility services in the country. The demand for convenient and affordable transportation options in major cities like Karachi, Lahore, and Islamabad has created a fertile ground for Shared Mobility companies to thrive and expand their operations.

Underlying macroeconomic factors: The increasing smartphone penetration and internet connectivity in Pakistan have played a crucial role in the growth of the Shared Mobility market. With more people gaining access to mobile technology, the adoption of ride-hailing and other Shared Mobility services has become more widespread. Additionally, the changing preferences of a young and tech-savvy population have further fueled the demand for innovative transportation solutions in the country.

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.