Key regions: United States, Saudi Arabia, Germany, Malaysia, India
The Shared Mobility market in Jordan is experiencing a notable shift in consumer preferences and market trends, driven by various factors influencing the transportation industry in the country.
Customer preferences: Customers in Jordan are increasingly leaning towards shared mobility services due to the convenience, cost-effectiveness, and environmental benefits they offer. The younger population, in particular, is more inclined towards flexible transportation options that do not require ownership of a vehicle. This shift in preferences is in line with the global trend towards sustainable and on-demand transportation solutions.
Trends in the market: One of the prominent trends in the Shared Mobility market in Jordan is the rise of ride-hailing services, which have gained significant popularity in urban areas. This trend is fueled by the growing smartphone penetration in the country, making it easier for customers to access and use ride-hailing applications. Additionally, the introduction of electric scooters and bikes for short-distance trips is also gaining traction among commuters looking for alternative modes of transportation.
Local special circumstances: Jordan's urban centers, such as Amman, are experiencing increasing traffic congestion and limited parking spaces, making shared mobility services a more attractive option for residents and visitors alike. The government's efforts to improve public transportation infrastructure and promote sustainable mobility solutions are also contributing to the growth of the Shared Mobility market in the country. Moreover, the tourism sector in Jordan is driving demand for convenient and efficient transportation options, further boosting the adoption of shared mobility services.
Underlying macroeconomic factors: The economic landscape in Jordan, characterized by a young and tech-savvy population, is conducive to the growth of shared mobility services. The country's efforts to promote innovation and entrepreneurship are creating opportunities for local startups to enter the transportation market with innovative solutions. Additionally, the government's focus on reducing carbon emissions and promoting sustainable development aligns with the increasing demand for eco-friendly transportation options, driving the expansion of the Shared Mobility market in Jordan.
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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