Key regions: United States, Saudi Arabia, Germany, Malaysia, India
The Shared Mobility market in Qatar is experiencing a significant growth trajectory driven by several factors.
Customer preferences: Customers in Qatar are increasingly valuing convenience, flexibility, and cost-effectiveness in their transportation choices. Shared Mobility services such as ride-hailing, car-sharing, and bike-sharing are gaining popularity among tech-savvy consumers who seek on-demand transportation solutions. This shift in consumer behavior is in line with global trends towards sustainable and efficient urban mobility options.
Trends in the market: One notable trend in the Shared Mobility market in Qatar is the increasing adoption of electric vehicles (EVs) in ride-hailing services. As the country aims to reduce its carbon footprint and promote sustainable practices, the government has been incentivizing the use of EVs through subsidies and infrastructure development. This trend aligns with the growing global focus on electric mobility as a key solution to combat climate change.
Local special circumstances: Qatar's unique demographic composition, with a large expatriate population and a high percentage of tech-savvy residents, creates a conducive environment for the growth of Shared Mobility services. The country's small geographical size and well-developed infrastructure also contribute to the success of shared transportation options. Additionally, the government's Vision 2030 strategy, which emphasizes the development of a smart and sustainable transportation system, further propels the Shared Mobility market forward.
Underlying macroeconomic factors: The robust economy of Qatar, driven by its oil and gas industry, provides a solid foundation for the growth of Shared Mobility services. As disposable incomes rise and urbanization accelerates, more residents are looking for efficient and cost-effective transportation solutions, leading to increased demand for shared mobility services. Furthermore, the government's efforts to diversify the economy and reduce reliance on oil revenues are creating new opportunities for innovation and investment in the transportation sector.
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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