Shared Mobility - Russia

Russia

Highlights

It is projected that the revenue in the Shared Mobility market in Russia will reach US$33.75bn by 2024.
Furthermore, the market is expected to exhibit an annual growth rate (CAGR 2024-2029) of 2.97%, resulting in a projected market volume of US$39.08bn by 2029.
Among all the Shared Mobility markets, the Flights market is the largest, with a projected market volume of US$11.84bn in 2024.
It is expected that the number of users in the Public Transportation market will amount to 105.00m users by 2029.
The user penetration of 80.4% in 2024 is expected to change to 84.8% by 2029.
Additionally, the average revenue per user (ARPU) is expected to be US$291.70.
It is projected that 65% of total revenue in the Shared Mobility market will be generated through online sales by 2029.
When compared globally, China is expected to generate the most revenue, with a projected revenue of US$365bn in 2024.
Despite the growing interest in shared mobility options in Russia, the market is still dominated by traditional forms of 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 Russia has been experiencing significant growth and evolution in recent years.

Customer preferences: Customers in Russia are increasingly looking for convenient and cost-effective transportation options. Shared Mobility services, such as ride-hailing and car-sharing, have gained popularity due to their flexibility and affordability. With the rise of digitalization and smartphone usage, consumers are more inclined towards on-demand transportation solutions that offer ease of booking and payment.

Trends in the market: One of the key trends in the Shared Mobility market in Russia is the increasing competition among service providers. Both local players and international companies are vying for market share, leading to a wide range of options for customers. Moreover, there is a growing emphasis on sustainability and eco-friendliness, with a shift towards electric vehicles in some Shared Mobility services.

Local special circumstances: Russia's vast geographical expanse and varying urban infrastructure present unique challenges and opportunities for Shared Mobility providers. While major cities like Moscow and St. Petersburg have high demand for shared transportation, rural areas may have limited access to such services. Additionally, factors like extreme weather conditions and traffic congestion in certain regions can impact the operations of Shared Mobility companies.

Underlying macroeconomic factors: The development of the Shared Mobility market in Russia is also influenced by macroeconomic factors such as changing consumer behavior, regulatory environment, and technological advancements. As the country continues to urbanize and modernize, there is a growing need for efficient transportation solutions. Government initiatives to promote shared and sustainable mobility further drive the market growth. Additionally, partnerships between Shared Mobility companies and traditional transportation providers are shaping the future of mobility in Russia.

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.