Key regions: United States, Saudi Arabia, Germany, Malaysia, India
Over the past few years, the Shared Mobility market in Malta has been experiencing significant growth and evolution.
Customer preferences: Customers in Malta are increasingly valuing convenience, cost-effectiveness, and sustainability when it comes to transportation options. Shared mobility services such as ride-hailing, bike-sharing, and car-sharing are becoming popular choices among residents and tourists alike. The ease of access to these services through mobile apps and the flexibility they offer are key drivers of customer preferences in the market.
Trends in the market: One noticeable trend in the Shared Mobility market in Malta is the rise of electric scooters as a popular mode of transportation. With the push towards sustainability and environmentally friendly practices, electric scooters have gained traction due to their convenience and eco-friendliness. Additionally, partnerships between shared mobility providers and local businesses have been on the rise, offering customers integrated solutions for their transportation needs.
Local special circumstances: Malta's small geographical size and high population density contribute to the success of shared mobility services in the country. The limited availability of parking spaces and the increasing congestion in urban areas make shared mobility options more attractive to customers. Furthermore, the government's initiatives to promote sustainable transportation and reduce traffic congestion have created a favorable environment for shared mobility providers to thrive.
Underlying macroeconomic factors: The growing tourism industry in Malta plays a significant role in the development of the Shared Mobility market. Tourists often seek convenient and cost-effective transportation options during their stay, driving the demand for shared mobility services. Additionally, the overall economic stability and increasing disposable income of the population have made shared mobility more accessible and appealing to a wider range of customers. The regulatory environment and government support for innovative transportation solutions also contribute to the positive growth trajectory of the Shared Mobility market in Malta.
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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