Shared Mobility - Lebanon
Lebanon- Lebanon is expected to witness a significant surge in revenue for the Shared Mobility market, with the projected revenue in **** reaching US$****bn.
- The annual growth rate for this market is expected to be ****%, resulting in a projected market volume of US$****bn by ****.
- Among the various Shared Mobility markets, Flights account for the largest share in the market, with a projected market volume of US$******m in ****.
- By ****, the number of users in the Public Transportation market is expected to reach ****m users.
- Additionally, the user penetration rate is expected to increase from ****% in **** to ****% by ****.
- The average revenue per user (ARPU) is projected to be around US$******.
- Furthermore, it is expected that **% of the total revenue in the Shared Mobility market will be generated through online sales by ****.
- In comparison to other countries, China is projected to generate the highest revenue in the Shared Mobility market, with a revenue of US$***bn in ****.
- Shared mobility services, such as car-sharing and bike-sharing, are gaining momentum in Lebanon as a cost-effective and convenient transportation option in congested urban areas.
Definition:
The Shared Mobility market encompasses a diverse range of long- and short-distance mobility services. As the world moves towards a more connected and digital era, the Shared Mobility market is central to driving innovation, collaboration, and the development of intelligent transportation systems.
Structure:
The market consists of eleven further markets. These include the following markets:
- The Car Rentals market contains vehicle rentals that have been booked in person, by telephone via the internet or an app.
- The Car-sharing market includes professionally run car-sharing services that provide on-demand access vehicles, allowing users to rent cars for short periods, e.g., by minute or hour.
- The Bike-sharing market contains short-term bike-sharing services. Bicycles can be found in the provider’s business zone where they are either parked at designated stations or freely distributed without fixed docks.
- The Ride-hailing market encompasses on-demand transportation services facilitated through mobile apps or online platforms. This market covers both private vehicle rides and taxi services, all booked exclusively online.
- The Taxi market covers exclusively traditional taxi services booked offline, typically via street hailing or phone calls.
- The Flights market contains air travel bookings regardless of the purchase channel, such as an airline's website or a travel agency.
- In the Public Transportation market, revenues generated by ticket sales from public transportation companies are considered.
Additional Information:
The main performance indicators of the Shared Mobility market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the above-mentioned markets. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year. Additional definitions for each market can be found within the respective market pages.
The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.
For further information on the data displayed, refer to the info button right next to each box.
In-Scope
- Flights, long-distance bus travel and train ticket bookings regardless of the purchase channel
- Car rental hires
- Ride-hailing & taxi services like Uber, Lyft or Free Now
- Bike-sharing services
- Car-sharing bookings
- E-scooter-sharing services
- Public Transportation
Out-Of-Scope
- Chauffeur services and ferries are not included
Revenue
Sales Channels
Analyst Opinion
The Shared Mobility market in Lebanon has been experiencing significant growth in recent years.
Customer preferences: Customers in Lebanon are increasingly looking for convenient and cost-effective transportation options. Shared Mobility services such as ride-hailing, bike-sharing, and car-sharing are becoming popular choices among commuters and city dwellers. The ease of access, flexibility, and affordability of these services are driving the shift towards shared transportation solutions.
Trends in the market: One notable trend in the Shared Mobility market in Lebanon is the rise of electric scooters as a popular mode of transportation in urban areas. The introduction of e-scooter sharing services has gained traction among tech-savvy consumers looking for sustainable and efficient ways to navigate congested city streets. This trend aligns with global efforts towards reducing carbon emissions and promoting eco-friendly transportation options.
Local special circumstances: Lebanon's unique geographical and infrastructural challenges have contributed to the growth of Shared Mobility services in the country. With traffic congestion being a common issue in major cities like Beirut, shared transportation options offer a practical solution to reduce the reliance on private cars and alleviate urban mobility problems. Additionally, the relatively high cost of car ownership and limited parking spaces in urban centers have further incentivized residents to opt for shared transportation alternatives.
Underlying macroeconomic factors: The economic situation in Lebanon, characterized by high unemployment rates and fluctuating currency exchange rates, has also played a role in shaping the Shared Mobility market. As disposable incomes remain under pressure, consumers are seeking cost-effective transportation solutions that do not involve the financial burden of owning a private vehicle. Shared Mobility services provide a more affordable and flexible alternative for individuals looking to save money on transportation expenses. Additionally, the increasing penetration of smartphones and digital payment systems has facilitated the widespread adoption of Shared Mobility platforms among tech-savvy Lebanese consumers.
Customer preferences: Customers in Lebanon are increasingly looking for convenient and cost-effective transportation options. Shared Mobility services such as ride-hailing, bike-sharing, and car-sharing are becoming popular choices among commuters and city dwellers. The ease of access, flexibility, and affordability of these services are driving the shift towards shared transportation solutions.
Trends in the market: One notable trend in the Shared Mobility market in Lebanon is the rise of electric scooters as a popular mode of transportation in urban areas. The introduction of e-scooter sharing services has gained traction among tech-savvy consumers looking for sustainable and efficient ways to navigate congested city streets. This trend aligns with global efforts towards reducing carbon emissions and promoting eco-friendly transportation options.
Local special circumstances: Lebanon's unique geographical and infrastructural challenges have contributed to the growth of Shared Mobility services in the country. With traffic congestion being a common issue in major cities like Beirut, shared transportation options offer a practical solution to reduce the reliance on private cars and alleviate urban mobility problems. Additionally, the relatively high cost of car ownership and limited parking spaces in urban centers have further incentivized residents to opt for shared transportation alternatives.
Underlying macroeconomic factors: The economic situation in Lebanon, characterized by high unemployment rates and fluctuating currency exchange rates, has also played a role in shaping the Shared Mobility market. As disposable incomes remain under pressure, consumers are seeking cost-effective transportation solutions that do not involve the financial burden of owning a private vehicle. Shared Mobility services provide a more affordable and flexible alternative for individuals looking to save money on transportation expenses. Additionally, the increasing penetration of smartphones and digital payment systems has facilitated the widespread adoption of Shared Mobility platforms among tech-savvy Lebanese consumers.
Users
Global Comparison
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.Mobility
Access more Market Insights on Mobility topics with our featured report
We’re happy to help
Get in touch with us for additional information
Feel free to contact us anytime. We will respond to your inquiry as quickly as possible.