Shared Mobility - Uzbekistan

  • Uzbekistan
  • Uzbekistan is expected to witness significant growth in the Shared Mobility market in the coming years.
  • By 2024, the revenue in this market is projected to reach US$799.60m.
  • Furthermore, the market is expected to grow annually at a rate of 9.65% between 2024 and 2028, resulting in a projected market volume of US$1,156.00m by the end of 2028.
  • Public Transportation represent the largest market and are projected to generate revenue of US$379.30m by 2024.
  • It is expected that the number of users in the Public Transportation market will reach 18,640.00k users by 2028.
  • In 2024, the user penetration rate in Uzbekistan is expected to be 75.4%, which is projected to increase to 76.4% by 2028.
  • The average revenue per user (ARPU) is expected to be US$29.72.
  • It is projected that by 2028, 43% of the total revenue in the Shared Mobility market in Uzbekistan will be generated through online sales.
  • When compared globally, China is expected to generate the most revenue in this market, with a projected revenue of US$412bn in 2024.
  • Shared mobility services in Uzbekistan are gaining popularity as the government promotes sustainable transportation options.

Key regions: United States, Saudi Arabia, Germany, Malaysia, India

 
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Analyst Opinion

The Shared Mobility market in Uzbekistan is experiencing a significant growth trajectory driven by changing customer preferences, evolving market trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences:
Customers in Uzbekistan are increasingly looking for convenient and cost-effective transportation options. Shared Mobility services such as ride-hailing, car-sharing, and bike-sharing are gaining popularity as they offer flexibility, affordability, and ease of access. With the rise of digital platforms and smartphone usage, consumers are more inclined towards on-demand transportation services that provide seamless booking and payment options.

Trends in the market:
One of the prominent trends in the Shared Mobility market in Uzbekistan is the growing adoption of electric vehicles (EVs) for ride-sharing and car-sharing services. As the government pushes for sustainable transportation solutions and invests in EV infrastructure, companies offering electric Shared Mobility services are likely to see increased demand. Additionally, the market is witnessing the entry of new players and innovative business models, leading to a more competitive landscape and enhanced service offerings for customers.

Local special circumstances:
Uzbekistan's unique geographical and cultural landscape plays a significant role in shaping the Shared Mobility market. The country's growing urbanization, particularly in major cities like Tashkent and Samarkand, is driving the demand for efficient transportation solutions. Moreover, the government's focus on modernizing the transportation sector and improving connectivity further contributes to the expansion of Shared Mobility services across the country.

Underlying macroeconomic factors:
The macroeconomic factors influencing the Shared Mobility market in Uzbekistan include the country's GDP growth, disposable income levels, and regulatory environment. As the economy continues to develop and incomes rise, more consumers are likely to opt for Shared Mobility services as a cost-effective alternative to private car ownership. Furthermore, government policies and regulations supporting the growth of the transportation sector are expected to fuel market expansion and attract investment in Shared Mobility infrastructure and technology.

Methodology

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.

Overview

  • Revenue
  • Sales Channels
  • Analyst Opinion
  • Users
  • Global Comparison
  • Methodology
  • Key Market Indicators
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