Key regions: United States, Saudi Arabia, Germany, Malaysia, India
The Shared Mobility market in Ireland is experiencing a notable shift in consumer behavior and market dynamics.
Customer preferences: Customers in Ireland are increasingly valuing convenience and sustainability, driving the demand for shared mobility services. With a growing awareness of environmental issues, more individuals are opting for eco-friendly transportation options. Additionally, the younger demographic, particularly in urban areas, prefers flexibility and cost-effectiveness, making shared mobility services an attractive choice.
Trends in the market: One prominent trend in the Shared Mobility market in Ireland is the rise of electric scooters and bikes as popular choices for short-distance travel. These options provide a convenient and environmentally friendly way to navigate cities. Moreover, car-sharing services are gaining traction, especially among those who seek on-demand access to vehicles without the burden of ownership. Integration of technology, such as mobile apps for booking and payment, is also a significant trend shaping the market.
Local special circumstances: Ireland's unique geographical characteristics, with its compact cities and well-connected public transportation systems, contribute to the growth of the Shared Mobility market. The presence of tech-savvy consumers and a culture that embraces innovation further propels the adoption of shared mobility services. Additionally, government support for sustainable transportation initiatives plays a crucial role in shaping the market landscape.
Underlying macroeconomic factors: Economic stability and steady GDP growth in Ireland provide a favorable environment for the Shared Mobility market to flourish. The increasing urbanization rate and changing lifestyle preferences towards shared experiences influence the market dynamics. Furthermore, investments in infrastructure development and efforts to reduce traffic congestion enhance the viability of shared mobility solutions 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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