Shared Mobility - Slovakia

Slovakia

Highlights

Slovakia is expected to see a significant increase in revenue within the Shared Mobility market.
It is projected to reach US$1.54bn by 2024, with an annual growth rate of 2.85% resulting in a projected market volume of US$1.77bn by 2029.
The largest market within this market in Slovakia is Public Transportation, which is projected to reach US$688.60m in 2024.
By 2029, the number of Public Transportation users is expected to amount to 3.21m users.
The user penetration rate in 2024 is 74.4% and it is expected to hit 82.5% by 2029.
The average revenue per user (ARPU) is expected to amount to US$362.50.
In Slovakia, 54% of the total revenue will be generated through online sales by 2029.
It is worth noting that in global comparison, China is projected to generate the most revenue in the Shared Mobility market, with US$365bn in 2024.
Slovakia's shared mobility market is growing steadily, with a focus on electric scooters and bike-sharing services in urban areas.

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 Slovakia is experiencing a significant shift as more consumers are opting for flexible and cost-effective transportation solutions.

Customer preferences: In Slovakia, customers are increasingly looking for convenient and affordable transportation options. Shared Mobility services such as ride-hailing, car-sharing, and bike-sharing are gaining popularity due to their ease of use and flexibility. Consumers appreciate the convenience of accessing transportation on-demand through mobile applications, making shared mobility services a preferred choice for many.

Trends in the market: One of the key trends in the Shared Mobility market in Slovakia is the rise of electric scooters as a popular mode of transportation in urban areas. These eco-friendly vehicles offer a convenient and efficient way to navigate through traffic-congested cities. Additionally, car-sharing services are seeing growth as more people choose to forgo the expenses of owning a car in favor of shared access to vehicles when needed. This trend is driven by the increasing awareness of sustainability and the desire to reduce personal transportation costs.

Local special circumstances: Slovakia's urban centers, such as Bratislava, are experiencing rapid urbanization and population growth, leading to increased demand for efficient transportation solutions. The compact size of cities in Slovakia makes shared mobility services an attractive option for residents and commuters looking to avoid traffic congestion and parking challenges. Furthermore, the country's strong focus on environmental conservation is driving the adoption of eco-friendly transportation options like electric scooters and bike-sharing programs.

Underlying macroeconomic factors: The development of the Shared Mobility market in Slovakia is also influenced by macroeconomic factors such as changing consumer behavior, technological advancements, and government regulations. The growing trend of urbanization and the rise of the sharing economy are reshaping the transportation industry in Slovakia. Moreover, the government's initiatives to promote sustainable transportation and reduce carbon emissions are encouraging the adoption of shared mobility services across the country. These factors, combined with the increasing availability of digital platforms and mobile applications, are fueling the growth of the Shared Mobility market in Slovakia.

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.