Shared Mobility - Qatar

Qatar

Highlights

The Shared Mobility market in Qatar is projected to witness a significant surge in revenue, with an expected reach of US$1.53bn by 2024.
This growth is expected to continue, with an estimated annual growth rate of 3.65% (CAGR 2024-2029), resulting in a projected market volume of US$1.83bn by 2029.
Flights is expected to be the largest of the Shared Mobility markets, with a projected market volume of US$695.00m in 2024.
By 2029, the number of users in the Public Transportation market is expected to amount to 1.70m users.
Furthermore, the user penetration rate is expected to increase from 93.9% in 2024 to 95.0% by 2029.
The average revenue per user (ARPU) is expected to be US$594.80.
Online sales are projected to generate 59% of the total revenue in the Shared Mobility market by 2029.
It is worth noting that in global comparison, China is expected to generate the most revenue, with a projected revenue of US$365bn in 2024.
The introduction of Qatar's first bike-sharing program, as part of the country's shared mobility initiative, is set to revolutionize urban transportation.

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 Qatar is experiencing a significant growth trajectory driven by several factors.

Customer preferences: Customers in Qatar are increasingly valuing convenience, flexibility, and cost-effectiveness in their transportation choices. Shared Mobility services such as ride-hailing, car-sharing, and bike-sharing are gaining popularity among tech-savvy consumers who seek on-demand transportation solutions. This shift in consumer behavior is in line with global trends towards sustainable and efficient urban mobility options.

Trends in the market: One notable trend in the Shared Mobility market in Qatar is the increasing adoption of electric vehicles (EVs) in ride-hailing services. As the country aims to reduce its carbon footprint and promote sustainable practices, the government has been incentivizing the use of EVs through subsidies and infrastructure development. This trend aligns with the growing global focus on electric mobility as a key solution to combat climate change.

Local special circumstances: Qatar's unique demographic composition, with a large expatriate population and a high percentage of tech-savvy residents, creates a conducive environment for the growth of Shared Mobility services. The country's small geographical size and well-developed infrastructure also contribute to the success of shared transportation options. Additionally, the government's Vision 2030 strategy, which emphasizes the development of a smart and sustainable transportation system, further propels the Shared Mobility market forward.

Underlying macroeconomic factors: The robust economy of Qatar, driven by its oil and gas industry, provides a solid foundation for the growth of Shared Mobility services. As disposable incomes rise and urbanization accelerates, more residents are looking for efficient and cost-effective transportation solutions, leading to increased demand for shared mobility services. Furthermore, the government's efforts to diversify the economy and reduce reliance on oil revenues are creating new opportunities for innovation and investment in the transportation sector.

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.