PUBLISHER: Grand View Research | PRODUCT CODE: 1404960
PUBLISHER: Grand View Research | PRODUCT CODE: 1404960
Shared Mobility Market Size, Share & Trends Analysis Report By Service Model (Ride Hailing, Bike Sharing, Ride Sharing, Car Sharing), By Channel, By Vehicle (Cars, Two-wheelers), By Region, And Segment Forecasts, 2023 - 2030
Shared Mobility Market Growth & Trends:
The global shared mobility market size is expected to reach USD 675.36 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 14.8% from 2023 to 2020. This growth is driven by the widespread adoption of mobile apps that enable users to access, and book carpools quickly and easily. These apps provide real-time information on vehicle availability, pricing, and location, making it easier for users to plan their trips and navigate the city. The use of electric and hybrid vehicles in the market is expected to grow in the coming years as cities and governments increasingly prioritize sustainable transportation solutions to reduce carbon emissions and improve air quality.
In February 2023, Uber Technologies signed a Memorandum of Understanding (MoU) with Tata Motors to advance sustainable mobility in India. The collaboration will aid in the electrification of Uber services across major cities in India, including Kolkata, Mumbai, Chennai, Hyderabad, Delhi NCR, Bengaluru, and Ahmedabad. The collaboration with Tata Motors will establish the groundwork for a significant growth of four-wheeler EVs on an Indian mobility platform.
Companies like Uber and Lyft are increasingly offering electric and hybrid vehicles as a part of their fleets, providing riders with a more sustainable option. Zipcar and Car2Go also introduced electric and hybrid vehicles to their fleet, giving users access to better short-term rental options. Consumers also demand more convenience and flexibility in the services, which has led to the development of new business models and services. For example, Uber and Lyft have introduced ride-hailing services that offer on-demand transportation. In contrast, car-sharing services like Zipcar and Car2Go provide flexible pick-up and drop-off options for hourly rentals.
Automakers produce vehicles suitable for shared mobility services. This includes traditional car manufacturers and companies focused on electric and autonomous vehicles. Shared mobility providers may purchase or lease vehicles to build their fleets. Some providers may also partner with vehicle manufacturers for customized solutions. Fleet management companies play a crucial role in ensuring vehicles are properly maintained, inspected, and repaired as needed. This involves routine maintenance, cleaning, and resolving technical issues. They also manage vehicle scheduling, ensuring an optimal balance of supply and demand across different locations.
Rising penetration of internet-based technologies, mass marketing of connected vehicles, and the prevalence of intelligent transportation systems (ITS) are among the key technological breakthroughs expected to positively impact the industry. The integrated web services provide vehicles with innovative features like V2X, V2I, and V2V communication. Moreover, the increasing availability of real-time information for parking, congestion, and public transit will further propel the shared mobility industry's growth over the coming years.
Urban mobility is anticipated to showcase tremendous growth over the coming years, which combines advanced vehicle characteristics, digital infrastructure, and cross-sector stakeholders. The digital infrastructure involves the provision of real-time travel information and connected transport infrastructure for the convenience of the customers. Also, this advanced infrastructure includes e-wallets, smart cards, and online account management systems, which allow accessible and one-stop payment options for seamless customer experience via relevant distribution networks.
Shared Mobility Market Report Highlights:
- The two-wheeler vehicle segment is anticipated to witness the fastest CAGR of over 17.8% from 2023 to 2030. Two-wheelers have always been a popular mode of transportation due to their low cost and fuel efficiency. Shared mobility companies have recognized this trend and have started to offer shared two-wheeler services, such as bike-sharing and scooter-sharing to cater to the market growth
- The bike-sharing service model segment is expected to register the fastest CAGR from 2023 to 2030. Two-wheeler services are expected to flourish in the coming years as two-wheelers are considered the fastest way to travel on congested city streets
- Middle East and Africa is anticipated to register the highest CAGR over the forecast period. The growing demand for shared transportation solutions due to increased corporate travelers in countries such as the UAE and South Africa encourages market growth
- The major companies operating in the market are Uber, Car2Go, DiDi Chuxing, Drive Now (BMW), and Deutsche Bahn Connect GmbH
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information Analysis
- 1.3.2 Market Formulation & Data Visualization
- 1.3.3 Data Validation & Publishing
- 1.4 Research Scope and Assumptions
- 1.4.1 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Shared Mobility Market Snapshot
- 2.2 Shared Mobility - Segment Snapshot (1/2)
- 2.3 Shared Mobility - Segment Snapshot (2/2)
- 2.4 Shared Mobility - Competitive Landscape Snapshot
Chapter 3 Shared Mobility Market- Industry Outlook
- 3.1 Market Lineage Outlook
- 3.2 Value Chain Analysis
- 3.3 Market Dynamics
- 3.3.1 Market Driver Analysis
- 3.3.1.1 Increasing traffic congestion due to urbanization
- 3.3.1.2 increasing demand for sustainable transportation
- 3.3.1.3 Rising cost of vehicle ownership globally
- 3.3.2 Market Restraint Analysis
- 3.3.2.1 Lack of charging infrastructure and facility
- 3.3.3 Market Challenges Analysis
- 3.3.4 Market Opportunities Analysis
- 3.3.1 Market Driver Analysis
- 3.4 Industry Analysis Tools
- 3.4.1 Porter's Analysis
- 3.4.2 Macroeconomic Analysis
- 3.5 Industry Roadmap - Global Shared Mobility Market
- 3.6 Comparison Between Leading Shared Mobility Service Providers, 2022
- 3.7 Shared Mobility Market - Technology Trends
- 3.7.1 Robo-Taxi
- 3.7.2 Shared E-Bikes And Shared Micro Mobility
- 3.7.3 Electromobility
- 3.7.4 Urban Air Mobility (UAM)
- 3.8 Regulatory Landscape - Shared Mobility Market
- 3.8.1 North America
- 3.8.2 Europe
- 3.8.3 Asia Pacific
- 3.8.4 Latin America
- 3.8.5 Middle East And Africa
- 3.9 Impact of COVID-19 on Shared Mobility Market
Chapter 4 Shared Mobility Market: Service Model Estimates & Trend Analysis
- 4.1 Service Model Movement Analysis & Market Share, 2022 & 2030
- 4.2 Shared Mobility Market Estimates & Forecast, By Service Model (USD Billion)
- 4.2.1 Ride Hailing
- 4.2.2 Bike Sharing
- 4.2.3 Ride Sharing
- 4.2.4 Car Sharing
- 4.2.5 Others
Chapter 5 Shared Mobility Market: Channel Estimates & Trend Analysis
- 5.1 Service Model Movement Analysis & Market Share, 2022 & 2030
- 5.2 Shared Mobility Market Estimates & Forecast, By Channel (USD Billion)
- 5.2.1 Online
- 5.2.2 Offline
Chapter 6 Shared Mobility Market: Vehicle Estimates & Trend Analysis
- 6.1 Service Model Movement Analysis & Market Share, 2022 & 2030
- 6.2 Shared Mobility Market Estimates & Forecast, By Vehicle (USD Billion)
- 6.2.1 Cars
- 6.2.2 Two-Wheelers
- 6.2.3 Others
Chapter 7 Regional Estimates & Trend Analysis
- 7.1 Shared Mobility Market: Regional Outlook
- 7.2 North America
- 7.2.1 North America Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.2.2 U.S.
- 7.2.2.1 U.S. Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.2.3 Canada
- 7.2.3.1 Canada Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3 Europe
- 7.3.1 Europe Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.2 UK
- 7.3.2.1 UK Shared Mobility Market Estimates & Forecasts, 2018 - 20302030 (USD Billion)
- 7.3.3 Germany
- 7.3.3.1 Germany Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.4 France
- 7.3.4.1 France Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.5 Italy
- 7.3.5.1 Italy Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.6 Spain
- 7.3.6.1 Spain Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.2 China
- 7.4.2.1 China Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.3 Japan
- 7.4.3.1 Japan Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.4 Singapore
- 7.4.4.1 Singapore Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.5 India
- 7.4.5.1 India Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.5 Latin America
- 7.5.1 Latin America Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.5.2 Brazil
- 7.5.2.1 Brazil Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.5.3 Mexico
- 7.5.3.1 Mexico Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD BILLION)
- 7.6 Middle East and Africa
- 7.6.1 Middle East And Africa Shared Mobility Market Estimates & Forecasts, 2018 - 20302030 (USD Billion)
- 7.6.2 South Africa
- 7.6.2.1 South Africa Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.6.3 Saudi Arabia
- 7.6.3.1 Saudi Arabia Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.6.4 UAE
- 7.6.4.1 UAE Shared Mobility Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Chapter 8 Shared Mobility Market - Competitive Landscape
- 8.1 Recent Developments & Impact Analysis, By Key Market Participants
- 8.1.1 Car2Go (ShareNow GmbH)
- 8.1.2 Deutsche Bahn Connect GmbH
- 8.1.3 Didi Chuxing
- 8.1.4 DriveNow
- 8.1.5 EvCard
- 8.1.6 Flinkster
- 8.1.7 Grab Holdings Limited
- 8.1.8 GreenGo
- 8.1.9 Lyft, Inc.
- 8.1.10 Toyota Motor Corporation
- 8.1.11 Docomo Bike Share Inc.
- 8.1.12 Meitetsu Kyosho Co. Ltd.
- 8.1.13 Nissan Retnal Solutions Co. Ltd.
- 8.1.14 Earthcar Co. Ltd.
- 8.1.15 Times Mobility Co. Ltd.
- 8.1.16 Orix Corporation
- 8.1.17 Tembici
- 8.1.18 BlaBlaCar
- 8.1.19 Uber Technologies Inc.
- 8.1.20 Picap
- 8.1.21 Cabify Espana S.L.U.
- 8.1.22 99Taxi
- 8.1.23 Zipcar Inc.
- 8.2 Recent Developments & Impact Analysis, By Key Market Participants
- 8.3 Company Categorization
- 8.4 Participant's Overview
- 8.5 Financial Performance
- 8.6 Product Benchmarking
- 8.7 Company Market Positioning
- 8.8 Company Market Share Analysis, 2022
- 8.9 Company Heat Map Analysis
- 8.10 Strategy Mapping
- 8.10.1 Expansion/Divestiture
- 8.10.2 Mergers & Acquisition
- 8.10.3 Collaborations/Partnerships
- 8.10.4 New Product Launches
List of Tables
- Table 1 Shared mobility market - Key market driver impact
- Table 2 Shared mobility market - Key market restraint impact
- Table 3 Comparison between leading shared mobility service providers, 2022
- Table 4 Shared Mobility Market Revenue Estimates and Forecast, By Service Model, 2018 - 2030 (USD Billion)
- Table 5 Shared Mobility Market Revenue Estimates and Forecast, By Service Model, 2018 - 2030 (USD Billion)
- Table 6 Shared Mobility Market Revenue Estimates and Forecast, By Channel, 2018 - 2030 (USD Billion)
- Table 7 Shared Mobility Market Revenue Estimates and Forecast, By Channel, 2018 - 2030 (USD Billion)
- Table 8 Shared Mobility Market Revenue Estimates and Forecast, By Vehicle, 2018 - 2030 (USD Billion)
- Table 9 Shared Mobility Market Revenue Estimates and Forecast, By Vehicle, 2018 - 2030 (USD Billion)
- Table 10 Recent Developments & Impact Analysis, By Key Market Participants
- Table 11 Company Heat Map Analysis
- Table 12 Key Companies undergoing expansions/divestitures.
- Table 13 Key Companies involved in M&As
- Table 14 Key Companies undergoing collaborations.
- Table 15 Key Companies launching new products.
List of Figures
- Fig. 1 Shared Mobility Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot (1/2)
- Fig. 8 Segment Snapshot (2/2)
- Fig. 9 Competitive Landscape Snapshot
- Fig. 10 Shared Mobility Market- Industry Value Chain Analysis
- Fig. 11 Market Dynamics
- Fig. 12 Global Traffic Congestion Ranking in TCI (Traffic Congestion Index), 2022
- Fig. 13 Carbon Emission from Passenger Road Transportation Worldwide, 2010 - 2020
- Fig. 14 Global CO2 Emission By Transport Sector, 2019-2022 in Gt CO2
- Fig. 15 Average Per-Mile Vehicle Cost, 2017-2022
- Fig. 16 Number of electric LDV (Light Duty Vehicle) per public charging point and kW per electric LDV, 2022
- Fig. 17 Shared mobility market: PORTER's Analysis
- Fig. 18 Shared mobility market: PESTEL Analysis
- Fig. 19 Industry Roadmap - Shared Mobility Market
- Fig. 20 Levels of Automation
- Fig. 21 Vehicles by Autonomous-Driving (AD) Features, % of total vehicles sales
- Fig. 22 Shared Micromobility Ridership in the U.S. from 2011-2021 in Million Trips
- Fig. 23 Electric Car Sales, 2016-2023
- Fig. 24 Survey on risk of COVID-19 using shared mobility services
- Fig. 25 Shared Mobility Market, by Service Model: Key Takeaways
- Fig. 26 Shared Mobility Market, by Service Model: Market Share, 2022 & 2030
- Fig. 27 Ride-hailing service model market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 28 Bike sharing service model market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 29 Ride-sharing service model market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 30 Car sharing service model market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 31 Others service model market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 32 Shared Mobility Market, by Channel: Key Takeaways
- Fig. 33 Shared Mobility Market, by Channel: Market Share, 2022 & 2030
- Fig. 34 Online channel market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 35 Offline channel market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 36 Shared Mobility Market, by Vehicle: Key Takeaways
- Fig. 37 Shared Mobility Market, by Vehicle: Market Share, 2022 & 2030
- Fig. 38 Car's vehicle market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 39 Two-wheeler vehicles market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 40 Other vehicle market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 41 Shared Mobility Market Revenue by Region, 2022 & 2030 (USD Billion)
- Fig. 42 Regional marketplace: Key takeaways
- Fig. 43 North America shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 44 U.S. shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 45 Canada shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 46 Europe shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 47UK shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 48 Germany shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 49 France shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 50 Italy shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 51 Spain shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 52 Asia Pacific shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 53 China shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 54 Japan shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 55 Singapore shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 56 India shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 57 Latin America shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 58 Brazil shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 59 Mexico shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 60 Middle East and Africa shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 61 South Africa shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 62 Saudi Arabia shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 63 UAE shared mobility market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 64 Key Company Categorization
- Fig. 65 Company Market Positioning
- Fig. 66 Company Market Share Analysis, 2022
- Fig. 67 Strategic framework
