Shared Mobility - Uganda

Uganda

The Shared Mobility market in Uganda is expected to experience significant growth with projected revenue of US$347.00m by 2024.
This growth is expected to continue with a Compound Annual Growth Rate (CAGR) of 5.54% between 2024 and 2029, resulting in a projected market volume of US$454.40m by 2029.
Flights are the largest of the Shared Mobility markets, with projected revenue of US$105.50m in 2024.
By 2029, the number of users in the Public Transportation market is expected to reach 19.17m users.
The user penetration is expected to be 45.7% in 2024 and 55.0% in 2029.
The Average Revenue Per User (ARPU) is estimated to be US$15.21, indicating a significant potential for revenue growth.
In Uganda, 54% of the total revenue in the Shared Mobility market is expected to be generated through online sales by 2029.
It is worth noting that China is projected to generate the highest revenue in the global comparison, with an estimated revenue of US$365bn in 2024.
The shared mobility market in Uganda is seeing a rise in motorcycle taxi services, such as SafeBoda and UberBoda, due to heavy traffic and limited public transportation.

Key regions: United States, Saudi Arabia, Germany, Malaysia, India

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

Region

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Analyst Opinion

The Shared Mobility market in Uganda has been experiencing significant growth and development in recent years.

Customer preferences: Customers in Uganda are increasingly turning to shared mobility services due to the convenience and cost-effectiveness they offer. With the rise of urbanization and a growing middle class, there is a higher demand for efficient transportation options. Shared mobility services provide a flexible and affordable solution for individuals looking to navigate the congested city streets.

Trends in the market: One of the key trends in the Shared Mobility market in Uganda is the increasing popularity of motorcycle taxis, known as boda bodas. These informal transportation services have become a staple in the country, offering a quick and convenient way to travel short distances in busy urban areas. Additionally, the emergence of ride-hailing services has also been gaining traction, providing customers with a more formalized and organized alternative to traditional taxis.

Local special circumstances: Uganda's unique geographical landscape and infrastructure challenges have contributed to the growth of the Shared Mobility market. With road conditions varying across the country and limited public transportation options in certain areas, shared mobility services have filled a crucial gap in the market. The informal nature of boda bodas has also made them a popular choice among locals for their accessibility and flexibility.

Underlying macroeconomic factors: The development of the Shared Mobility market in Uganda is also influenced by macroeconomic factors such as rising disposable incomes and technological advancements. As more people gain access to smartphones and mobile payment systems, the adoption of shared mobility services becomes more widespread. Additionally, the government's efforts to improve road infrastructure and regulations have helped create a more conducive environment for the growth of the market.

Methodology

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.