Ride-hailing - Czechia | Statista Market Forecast

It is projected that the revenue in Czechia's Ride-hailing market will reach US$134.20m by 2024.
Moreover, the expected annual growth rate (CAGR 2024-2029) is 2.46%, which will result in a projected market volume of US$151.60m by 2029.
In terms of users, the Ride-hailing market is expected to have 1.90m users users by 2029.
It is projected that the user penetration will remain constant at 16.7% from 2024 to 2029.
The average revenue per user (ARPU) is expected to be US$76.40.
The Ride-hailing market is an online-only market.
It is worth noting that in global comparison, China is expected to generate the most revenue in this market, with a projected revenue of US$60bn in 2024.
In Czechia, the Ride-hailing market is dominated by local player Liftago, while Uber and Bolt struggle to gain traction.

Definition:

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. It includes Transportation Network Companies (TNCs), such as Uber and Lyft, traditional taxis booked via apps, such as Free Now or Cabify, and ride-pooling services, such as Moia and Via. This market excludes peer-to-peer ride-sharing, focusing on professionally operated transport services booked digitally for efficient and convenient urban mobility. Rides of traditional taxi services hailed on the street or booked via telephone are not included in this market.

Additional Information:

The main performance indicators of the Ride-hailing 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 mentioned market. 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.

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.

Platforms that let users book rides offered by drivers using their private vehicles (e.g., Uber)
Taxi companies that offer their services through an app (e.g., Free Now)
Platforms that offer shared rides (ride-pooling) with other passengers (e.g., Moia, Via)

Traditional taxi rides booked offline with taxi companies (via street-hailing or by telephone)

The Ride-hailing market in Czechia has witnessed significant growth and development in recent years.

Customer preferences: One of the key reasons for the growth of the Ride-hailing market in Czechia is the changing preferences of customers. With the increasing popularity of smartphones and easy access to the internet, customers are looking for convenient and efficient ways to travel. Ride-hailing services provide them with the flexibility to book a ride at any time and from any location, making it a preferred choice for many.

Trends in the market: The Ride-hailing market in Czechia is experiencing several trends. One of the prominent trends is the rise of local ride-hailing companies. While international players initially dominated the market, local companies have emerged with competitive offerings and are gaining traction among customers. This trend is driven by the desire for personalized and localized services, as well as the need to support local businesses. Another trend in the market is the integration of ride-hailing services with public transportation. Many cities in Czechia are exploring partnerships with ride-hailing companies to enhance their public transportation systems. This integration allows customers to seamlessly switch between different modes of transportation, providing a more convenient and efficient travel experience.

Local special circumstances: Czechia has a well-developed public transportation system, including an extensive network of buses, trams, and trains. However, there are certain areas where public transportation may not be readily available or convenient. In such cases, ride-hailing services provide a viable alternative for customers to travel to their desired destinations.

Underlying macroeconomic factors: The growth of the Ride-hailing market in Czechia is also influenced by underlying macroeconomic factors. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending. This has contributed to the demand for ride-hailing services as customers are willing to pay for convenience and comfort. Furthermore, the increasing urbanization in Czechia has resulted in higher traffic congestion and limited parking spaces in cities. Ride-hailing services offer a solution to these challenges by providing a more efficient way to travel, reducing the number of private vehicles on the road, and alleviating parking issues. In conclusion, the Ride-hailing market in Czechia is developing rapidly due to changing customer preferences, integration with public transportation, local special circumstances, and underlying macroeconomic factors. The market is expected to continue growing as more customers recognize the convenience and benefits of ride-hailing services in their everyday lives.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings and revenues of ride-hailing services.

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.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.