Size of the targeted market
Our target market is represented by all the citizens of Bucharest that are over 16 years old & are in the possession of the B1/B driving license category.
Our customers are represented by students/employees that are using car
sharing applications and services on a daily basis and are looking for a new and
innovative way of transportation for their daily trips to work or school.
scanIT initial target market is represented by citizens of the capital urban area of Romania.
The car sharing domain is raising in popularity everyday, as more and more people regardless of
age are starting to choose this method of transportation over the public/personal transport.
Aproximate number of players
In this way, our business targets up to 1 million Romanian citizens from Bucharest that own a driving
license (category B) plus aprox. 190.000 minor citizens (with ages between 16 years old and 18)
that own a driving license category B1.
We plan to further develop our business in other major urban areas of Romania.
We also plan to extend to the European market in the distant future if the business evolution riches a higher level.
First year (2020)
scanIT is a new application on the car sharing market so our main goal for the first year is to exceed the market share of smaller competition EGO by BCR.
In this way our first year will be representing on focusing of users feedback and transactions monitoring. Analyzing the usage of our application and the demand. We aim to have a market share anywhere between 3% - 5% in the first year.
Second year (2021)
In our second year of business we plan to focus on adding new improvements or features to our application. Also, we plan to extend the number of cars in correlation with the client demand (use of our app). We estimate an increase of up to 8% for our market share.
Third year (2022)
In the third year, scanIT app will already have an increased number of users. The raise in popularity potential sponsors and advertising will bring our market share to the next level. We expect reaching a 10-12% for our third year.
Fourth year (2023)
The fourth year will bring even more expansion and development for scanIT. In the year 2023 we plan to bring the application to other major urban ares of Romania (Timisoara, Cluj, Brasov etc). By raising the app usage we expect to reach a market share of 18-20% by the end of 2023.
Fifth year (2024)
For the fifth year, we plan to exceed the current biggest market competitor (Lime) by reaching 30+ %.