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E-Scooter-sharing - Israel

Israel

The E-Scooter-sharing market in Israel is expected to experience significant growth in the coming years.
By 2024, revenue in this market is projected to reach US$27,630.00k without any change to the current currency format.
The revenue growth rate is expected to be 2.89%, resulting in a projected market volume of US$30,970.00k by 2028.
The number of users in this market is expected to reach 1,527.00k users by 2028, with user penetration projected to increase from 14.3% in 2024 to 15.5% by 2028.
The average revenue per user (ARPU) is projected to be US$20.69 without any changes to the currency format.
It is expected that 100% of total revenue in the E-Scooter-sharing market will be generated through online sales by 2028.
It is noteworthy that United States is forecasted to generate the highest revenue in this market, with a projected revenue of US$768,400k in 2024.
E-Scooter-sharing is a popular mode of transportation in Israel, especially among tourists visiting cities like Tel Aviv and Jerusalem.

Key regions: India, Thailand, Malaysia, China, South America

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Analyst Opinion

The E-Scooter-sharing market in Israel has been experiencing significant growth in recent years.

Customer preferences: Israeli consumers have shown a strong preference for convenient and eco-friendly transportation options, which has contributed to the rise of the E-Scooter-sharing market. The compact size and ease of use of e-scooters make them a popular choice for short-distance travel in urban areas. Additionally, the younger demographics in Israel are more open to adopting new technologies and are attracted to the convenience and affordability of e-scooter sharing services.

Trends in the market: One of the key trends in the E-Scooter-sharing market in Israel is the increasing number of players entering the market. Several local and international companies have launched their e-scooter sharing services in major cities across the country. This competition has led to a wider availability of e-scooters and more options for consumers to choose from. Another trend in the market is the integration of e-scooter sharing services with existing transportation networks. Many cities in Israel have implemented smart city initiatives, which include the integration of different modes of transportation. E-scooter sharing services are being integrated with public transportation systems, allowing users to easily combine their scooter rides with bus or train journeys.

Local special circumstances: Israel's compact size and dense urban areas make it an ideal market for e-scooter sharing services. With short travel distances and limited parking space, e-scooters provide a convenient and efficient mode of transportation for many Israelis. Furthermore, the warm climate in Israel throughout most of the year makes e-scooters a popular choice for commuting and leisure activities.

Underlying macroeconomic factors: Israel's strong economy and high level of technological innovation have also contributed to the growth of the E-Scooter-sharing market. The country has a well-developed startup ecosystem and is known for its entrepreneurial spirit. This has attracted both local and international companies to invest in the e-scooter sharing sector in Israel. In conclusion, the E-Scooter-sharing market in Israel is thriving due to customer preferences for convenient and eco-friendly transportation options, the increasing number of players in the market, the integration of e-scooter sharing services with existing transportation networks, the compact size and dense urban areas of the country, and the strong economy and technological innovation in Israel. These factors are driving the growth and development of the E-Scooter-sharing market in Israel.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings and revenues of e-scooter-sharing services.

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.