Key regions: United States, Saudi Arabia, Germany, Malaysia, India
The Shared Mobility market in Slovakia is experiencing a significant shift as more consumers are opting for flexible and cost-effective transportation solutions.
Customer preferences: In Slovakia, customers are increasingly looking for convenient and affordable transportation options. Shared Mobility services such as ride-hailing, car-sharing, and bike-sharing are gaining popularity due to their ease of use and flexibility. Consumers appreciate the convenience of accessing transportation on-demand through mobile applications, making shared mobility services a preferred choice for many.
Trends in the market: One of the key trends in the Shared Mobility market in Slovakia is the rise of electric scooters as a popular mode of transportation in urban areas. These eco-friendly vehicles offer a convenient and efficient way to navigate through traffic-congested cities. Additionally, car-sharing services are seeing growth as more people choose to forgo the expenses of owning a car in favor of shared access to vehicles when needed. This trend is driven by the increasing awareness of sustainability and the desire to reduce personal transportation costs.
Local special circumstances: Slovakia's urban centers, such as Bratislava, are experiencing rapid urbanization and population growth, leading to increased demand for efficient transportation solutions. The compact size of cities in Slovakia makes shared mobility services an attractive option for residents and commuters looking to avoid traffic congestion and parking challenges. Furthermore, the country's strong focus on environmental conservation is driving the adoption of eco-friendly transportation options like electric scooters and bike-sharing programs.
Underlying macroeconomic factors: The development of the Shared Mobility market in Slovakia is also influenced by macroeconomic factors such as changing consumer behavior, technological advancements, and government regulations. The growing trend of urbanization and the rise of the sharing economy are reshaping the transportation industry in Slovakia. Moreover, the government's initiatives to promote sustainable transportation and reduce carbon emissions are encouraging the adoption of shared mobility services across the country. These factors, combined with the increasing availability of digital platforms and mobile applications, are fueling the growth of the Shared Mobility market in Slovakia.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
