Key regions: United States, Saudi Arabia, Germany, Malaysia, India
The Shared Mobility market in Iraq is experiencing a gradual but steady growth, reflecting the increasing demand for flexible transportation solutions in the region.
Customer preferences: Customers in Iraq are increasingly seeking convenient and cost-effective transportation options, which is driving the popularity of shared mobility services. The younger demographic, in particular, is more inclined towards on-demand services that offer flexibility and affordability.
Trends in the market: In Iraq, the Shared Mobility market is witnessing a rise in the adoption of ride-hailing services and bike-sharing platforms. This trend is largely influenced by the growing urbanization in major cities, leading to congestion and the need for efficient transportation alternatives. Additionally, the improving internet infrastructure and smartphone penetration are facilitating the access and usage of shared mobility services.
Local special circumstances: Iraq's unique socio-economic and political landscape plays a significant role in shaping the Shared Mobility market. The country's history of conflict and instability has impacted the development of transportation infrastructure, leading to a reliance on alternative mobility solutions. Moreover, cultural factors and social norms also influence the preferences of consumers in Iraq when it comes to choosing transportation options.
Underlying macroeconomic factors: The gradual recovery of Iraq's economy post-conflict is contributing to the growth of the Shared Mobility market. As disposable incomes increase and consumer spending power improves, more individuals are likely to opt for shared mobility services as a convenient and affordable mode of transportation. Additionally, government initiatives to modernize the transportation sector and improve road infrastructure are expected to further drive the expansion of shared mobility services in the country.
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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