Key regions: United States, Saudi Arabia, Germany, Malaysia, India
The Shared Mobility market in Cambodia has been experiencing significant growth and development in recent years.
Customer preferences: Customers in Cambodia are increasingly looking for convenient, cost-effective, and environmentally friendly transportation options. Shared mobility services such as ride-hailing, bike-sharing, and scooter-sharing have gained popularity among tech-savvy and eco-conscious consumers who prioritize ease of access and affordability.
Trends in the market: One of the key trends shaping the Shared Mobility market in Cambodia is the rapid urbanization and population growth in major cities. As more people move to urban areas, there is a growing demand for efficient transportation solutions to alleviate traffic congestion and reduce air pollution. This has led to the proliferation of shared mobility services as a sustainable alternative to private car ownership.
Local special circumstances: Cambodia's unique geographical and demographic characteristics play a significant role in driving the growth of the Shared Mobility market. With a young and tech-literate population, the country presents a ripe market for innovative transportation solutions. Moreover, the government's efforts to improve infrastructure and promote sustainable urban development have created a conducive environment for shared mobility operators to thrive.
Underlying macroeconomic factors: The economic development and rising disposable income levels in Cambodia have also contributed to the expansion of the Shared Mobility market. As more people have the financial means to access transportation services, there is a growing market for shared mobility providers to tap into. Additionally, the increasing focus on sustainability and green initiatives in the country has further propelled the adoption of shared mobility services as a greener mode of transportation.
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.
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