Key regions: United States, Saudi Arabia, Germany, Malaysia, India
The Shared Mobility market in Norway has been experiencing significant growth and development in recent years.
Customer preferences: Customers in Norway are increasingly valuing convenience, sustainability, and cost-effectiveness when it comes to transportation options. This has led to a growing demand for shared mobility services that offer flexibility and eco-friendly solutions.
Trends in the market: One of the key trends in the Shared Mobility market in Norway is the rise of electric scooters as a popular mode of transportation in urban areas. These scooters provide a convenient and environmentally friendly way for people to travel short distances, especially in crowded city centers. Additionally, car-sharing services have gained traction among Norwegians who prefer not to own a vehicle but still have access to one when needed.
Local special circumstances: Norway's strong focus on sustainability and environmental conservation has played a significant role in shaping the Shared Mobility market in the country. The government's incentives and policies to promote electric vehicles and reduce carbon emissions have made Norway a favorable environment for shared mobility operators offering eco-friendly transportation solutions. Additionally, the country's well-developed infrastructure and tech-savvy population have contributed to the success of shared mobility services.
Underlying macroeconomic factors: The overall economic stability and high standard of living in Norway have also supported the growth of the Shared Mobility market. With a relatively affluent population and a high level of disposable income, Norwegians are willing to pay for convenient and efficient transportation services. Moreover, the government's investments in transportation infrastructure and commitment to reducing traffic congestion have created opportunities for shared mobility providers to thrive in the market.
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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