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Key regions: United States, Saudi Arabia, Germany, Malaysia, India
The Shared Mobility market in Southern Africa is experiencing significant growth and development, driven by various factors unique to the region.
Customer preferences: Customers in Southern Africa are increasingly valuing convenience, cost-effectiveness, and sustainability when it comes to transportation options. Shared Mobility services such as ride-hailing, bike-sharing, and car-sharing are gaining popularity as they offer flexibility and affordability to users.
Trends in the market: In South Africa, ride-hailing services have seen a surge in demand, especially in urban areas where traffic congestion is a major issue. The convenience of booking a ride through a mobile app and the competitive pricing compared to traditional taxis have contributed to the success of these services. Additionally, bike-sharing schemes are becoming more prevalent in cities like Cape Town and Johannesburg, catering to environmentally conscious commuters and tourists.
Local special circumstances: One of the key factors influencing the Shared Mobility market in Southern Africa is the infrastructure challenges in certain regions. In countries like Zimbabwe and Zambia, where public transportation systems are limited, Shared Mobility services fill a crucial gap in the market. Moreover, the rise of digital payment solutions has made it easier for users to access and pay for these services, contributing to their widespread adoption.
Underlying macroeconomic factors: The economic landscape in Southern Africa, characterized by a growing middle class and rapid urbanization, plays a significant role in the development of the Shared Mobility market. As more people move to cities in search of better opportunities, the demand for efficient and cost-effective transportation solutions increases. Additionally, government initiatives to reduce traffic congestion and curb carbon emissions are driving the adoption of Shared Mobility services across the region.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)