Shared Mobility Market By Service Model (Bike Sharing, Car Sharing, Ride Hailing, Microtransit), By Business Model (Peer-to-Peer (P2P), Business-to-Business (B2B), and Business-to-Consumer (B2C)), By Vehicle Type (Two-Wheelers, Passenger Cars), By Channel (Online, Offline), and by Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Shared Mobility Market was valued at USD 259.4 billion in 2023-e and will surpass USD 681.7 billion by 2030; growing at a CAGR of 15.3% during 2024 - 2030.

The Shared Mobility Market has gained substantial momentum in recent years, driven by technological advancements, urbanization, and changing consumer preferences. This market encompasses various modes of transportation where individuals can share vehicles, ride-hailing services, car-sharing, and bike-sharing systems, among others. As cities strive to address congestion and environmental concerns, shared mobility has emerged as a viable solution, promising to enhance urban mobility, reduce carbon emissions, and lower transportation costs.

Shared Mobility Market size

Ride-Hailing Segment is Largest Owing to Convenience and Accessibility

The ride-hailing segment represents the largest subsegment of the shared mobility market, primarily due to its unmatched convenience and accessibility. Major players like Uber and Lyft have revolutionized urban transport, enabling users to book rides with just a few taps on their smartphones. The ride-hailing model caters to a diverse consumer base, including daily commuters, tourists, and individuals seeking convenient transportation options without the hassle of vehicle ownership. The growing penetration of smartphones and improved internet connectivity further bolster the growth of this segment, as more users gain access to ride-hailing applications.

Additionally, the ride-hailing segment benefits from various partnerships and collaborations with public transport systems, enhancing last-mile connectivity. This integration with existing transportation infrastructure not only boosts user adoption but also positions ride-hailing as a complementary service, encouraging users to opt for shared mobility over personal vehicles. As urban populations continue to expand, the demand for efficient, flexible transportation options will drive sustained growth in the ride-hailing sector.

Car-Sharing Segment is Fastest Growing Owing to Sustainability Trends

The car-sharing segment is the fastest-growing subsegment within the shared mobility market, largely driven by increasing environmental awareness and the desire for sustainable transportation solutions. As more consumers prioritize eco-friendly options, car-sharing services provide an attractive alternative to traditional vehicle ownership. This segment appeals to environmentally conscious individuals who seek to minimize their carbon footprint while still enjoying the benefits of access to a vehicle.

Innovative car-sharing platforms are emerging, offering flexible subscription models that cater to diverse user needs. Companies are expanding their fleets to include electric and hybrid vehicles, aligning with global sustainability initiatives. The proliferation of smart technologies, such as mobile apps for seamless booking and vehicle tracking, enhances the user experience and contributes to the rapid growth of this segment. As cities promote shared mobility as part of their green initiatives, car-sharing is poised to play a pivotal role in the evolution of urban transport.

Bike-Sharing Segment is Largest Owing to Urban Mobility Solutions

The bike-sharing segment is the largest subsegment in the shared mobility market, increasingly recognized as a sustainable and efficient mode of urban transport. Bike-sharing systems provide a convenient solution for short-distance travel, alleviating congestion in urban areas while promoting a healthier lifestyle among users. The implementation of bike-sharing programs in cities around the world has gained traction, with cities investing in dedicated bike lanes and infrastructure to support this mode of transport.

This segment thrives on its ability to offer flexibility and affordability to users. By providing easy access to bikes, often through docking stations or mobile apps, bike-sharing services cater to both residents and tourists, enhancing overall urban mobility. Furthermore, bike-sharing is being integrated into public transport systems, creating a comprehensive transportation network that supports last-mile connectivity. As urban areas prioritize sustainable transportation, the bike-sharing segment is expected to continue its significant growth trajectory.

Public Transit Segment is Fastest Growing Owing to Smart City Initiatives

The public transit segment is the fastest-growing subsegment in the shared mobility market, propelled by the rise of smart city initiatives and investments in public transport infrastructure. Cities around the globe are recognizing the importance of efficient public transit systems in reducing traffic congestion and environmental impact. Smart technologies, such as real-time tracking and mobile payment solutions, are transforming the public transit experience, making it more attractive for commuters.

This growth is also supported by increasing collaborations between public transit authorities and shared mobility providers. Partnerships that integrate ride-hailing services with traditional public transport create a seamless travel experience, allowing users to navigate urban environments more efficiently. As public awareness of sustainability and urban planning increases, the public transit segment is well-positioned to capture a significant share of the shared mobility market.

Shared Mobility Market in North America is Largest Owing to Technology Adoption

The North America region is the largest market for shared mobility, driven by the early adoption of technology and a robust infrastructure for shared services. Countries like the United States and Canada have established a strong foundation for ride-hailing, car-sharing, and bike-sharing services, fostering a competitive landscape that encourages innovation. Urban centers such as New York, Los Angeles, and Toronto have witnessed a surge in shared mobility services, contributing significantly to the region's market share.

Furthermore, favorable regulations and government support for shared mobility initiatives enhance the growth prospects in this region. With a growing emphasis on reducing traffic congestion and environmental impact, North America is witnessing increased investments in electric and autonomous vehicle technology, further fueling the shared mobility market. As consumers continue to embrace convenience and sustainability, the North American market is poised for sustained expansion.

Competitive Landscape of Leading Companies in the Shared Mobility Market

The shared mobility market is characterized by intense competition, with several leading companies vying for market share. The top 10 players include:

  1. Uber Technologies, Inc. - A pioneer in the ride-hailing sector, Uber offers various shared mobility solutions and is expanding into autonomous vehicles.
  2. Lyft, Inc. - Known for its ride-hailing services, Lyft focuses on enhancing user experience through innovative technology and partnerships.
  3. Daimler AG - The parent company of car-sharing service car2go, Daimler is investing in mobility solutions to complement its automotive offerings.
  4. Zipcar - A leading car-sharing service, Zipcar allows users to rent vehicles by the hour or day, promoting sustainable transportation.
  5. Getaround - A peer-to-peer car-sharing platform, Getaround empowers vehicle owners to rent their cars, creating a diverse mobility ecosystem.
  6. Citymapper - A transit app that integrates various transportation options, Citymapper supports urban mobility by providing users with real-time data.
  7. Bird - Specializing in electric scooter sharing, Bird offers a convenient solution for short-distance travel in urban areas.
  8. Lime - Another player in the e-scooter market, Lime focuses on providing eco-friendly transportation alternatives.
  9. Moovit - A public transit app that facilitates seamless navigation, Moovit enhances the user experience by integrating various transit options.
  10. TNCs (Transportation Network Companies) - Various local and regional players are emerging, competing with global giants to capture niche markets.

The competitive landscape is dynamic, with companies continuously innovating to meet evolving consumer needs. Mergers and acquisitions, along with strategic partnerships, are common as players seek to enhance their service offerings and expand their market reach. As the shared mobility market evolves, these leading companies will play a crucial role in shaping the future of urban transportation.

Report Objectives

The report will help you answer some of the most critical questions in the Shared Mobility Market. A few of them are as follows:

  1. What are the key drivers, restraints, opportunities, and challenges influencing the market growth?
  2. What are the prevailing technology trends in the Shared Mobility Market?
  3. What is the size of the Shared Mobility Market based on segments, sub-segments, and regions?
  4. What is the size of different market segments across key regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa?
  5. What are the market opportunities for stakeholders after analysing key market trends?
  6. Who are the leading market players and what are their market share and core competencies?
  7. What is the degree of competition in the market and what are the key growth strategies adopted by leading players?
  8. What is the competitive landscape of the market, including market share analysis, revenue analysis, and a ranking of key players?

Report Scope:

Report Features

Description

Market Size (2023-e)

USD 259.4 billion

Forecasted Value (2030)

USD 681.7 billion

CAGR (2024-2030)

15.3%

Base Year for Estimation

2023-e

Historic Year

2022

Forecast Period

2024-2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

Shared Mobility Market By Service Model (Bike Sharing, Car Sharing, Ride Hailing, Microtransit), By Business Model (Peer-to-Peer (P2P), Business-to-Business (B2B), and Business-to-Consumer (B2C)), By Vehicle Type (Two-Wheelers, Passenger Cars), By Channel (Online, Offline)

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Spain, Italy & Rest of Europe), Asia Pacific (China, Japan, South Korea, India, and rest of Asia Pacific), Latin America (Brazil, Argentina, & Rest of Latin America), Middle East & Africa (Saudi Arabia, South Africa, UAE, & Rest of MEA)

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1.Introduction

1.1.Market Definition

1.2.Scope of the Study

1.3.Research Assumptions

1.4.Study Limitations

2.Research Methodology

2.1.Research Approach

2.1.1.Top-Down Method

2.1.2.Bottom-Up Method

2.1.3.Factor Impact Analysis

2.2.Insights & Data Collection Process

2.2.1.Secondary Research

2.2.2.Primary Research

2.3.Data Mining Process

2.3.1.Data Analysis

2.3.2.Data Validation and Revalidation

2.3.3.Data Triangulation

3.Executive Summary

3.1.Major Markets & Segments

3.2.Highest Growing Regions and Respective Countries

3.3.Impact of Growth Drivers & Inhibitors

3.4.Regulatory Overview by Country 

4.Shared Mobility Market, by Service Model (Market Size & Forecast: USD Billion, 2024 – 2030)

4.1.Bike Sharing

4.2.Car Sharing

4.3.Ride Hailing

4.4.Microtransit

5.Shared Mobility Market, by Business Model (Market Size & Forecast: USD Billion, 2024 – 2030)

5.1.Peer-to-Peer (P2P)

5.2.Business-to-Business (B2B)

5.3.Business-to-Consumer (B2C)

6.Shared Mobility Market, by Vehicle Type (Market Size & Forecast: USD Billion, 2024 – 2030)

6.1.Two-Wheelers

6.2.Passenger Cars

7.Shared Mobility Market, by Channel (Market Size & Forecast: USD Billion, 2024 – 2030)

7.1.Online

7.2.Offline

8.Regional Analysis (Market Size & Forecast: USD Billion, 2024 – 2030)

8.1.Regional Overview

8.2.North America

8.2.1.Regional Trends & Growth Drivers

8.2.2.Barriers & Challenges

8.2.3.Opportunities

8.2.4.Factor Impact Analysis

8.2.5.Technology Trends

8.2.6.North America Shared Mobility Market, by Service Model

8.2.7.North America Shared Mobility Market, by Business Model

8.2.8.North America Shared Mobility Market, by Vehicle Type

8.2.8.North America Shared Mobility Market, by Channel

               *Similar Segmentation will be provided at each regional level

8.3.By Country

8.3.1.US

8.3.1.1.US Shared Mobility Market, by Service Model

8.3.1.2.US Shared Mobility Market, by Business Model

8.3.1.3.US Shared Mobility Market, by Vehicle Type

8.3.1.4.US Shared Mobility Market, by Channel

8.3.2.Canada

8.3.1.Mexico

                        *Similar Segmentation will be provided at each country level

8.4.Europe

8.5.APAC

8.6.Latin America

8.7.Middle East & Africa

9.   Competitive Landscape

9.1.Overview of the Key Players

9.2.Competitive Ecosystem

9.2.1.Platform Manufacturers

9.2.2.Subsystem Manufacturers

9.2.3.Service Providers

9.3.Company Share Analysis

9.4.Company Benchmarking Matrix

9.4.1.Strategic Overview

9.4.2.Product Innovations

9.5.Start-up Ecosystem

9.6.Strategic Competitive Insights/ Customer Imperatives

9.7.ESG Matrix/ Sustainability Matrix

9.8.Manufacturing Network

9.9.1.Locations

9.9.2.Supply Chain and Logistics

9.9.3.Product Flexibility/Customization

9.9.4.Digital Transformation and Connectivity

9.9.5.Environmental and Regulatory Compliance

9.9.Technology Readiness Level Matrix

9.10.Technology Maturity Curve

9.11.Buying Criteria

10.Company Profiles

10.1.BlaBla Car

10.1.1.Company Overview

10.1.2.Company Financials

10.1.3.Product/Service Portfolio

10.1.4.Recent Developments

10.1.5.IMR Analysis

*Similar information will be provided for other companies 

10.2.Bird Rides, Inc.

10.3.Bolt Technology

10.4.BluSmart Mobility

10.5.Cabify

10.6.Car2Go NA

10.7.DiDi Chuxing

10.8.Free2move

10.9.Getaround 

10.10.Grab Holdings

10.11.Lyft, Inc.

10.12.ANI Technologies

10.13.Turo

10.14.Uber Technologies

10.15.Zipcar

11.Appendix

A comprehensive market research approach was employed to gather and analyse data on the Shared Mobility Market. In the process, the analysis was also done to estimate the parent market and relevant adjacencies to measure the impact of them on the Shared Mobility Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach - Shared Mobility Market

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the Shared Mobility ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Estimation

A combination of top-down and bottom-up approaches was utilized to estimate the overall size of the Shared Mobility Market. These methods were also employed to estimate the size of various subsegments within the market. The market size estimation methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down - Shared Mobility Market

Data Triangulation

To ensure the accuracy and reliability of the market size estimates, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size estimates.

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