Shared Mobility Market by Type, Vehicle Type, Business Model

List of Tables

The Shared Mobility Market was valued at USD 164.13 billion in 2023, expected to reach USD 191.00 billion in 2024, and is projected to grow at a CAGR of 16.85%, to USD 488.31 billion by 2030.

The shared mobility market encompasses a range of transportation services and solutions that allow users to access shared modes of travel, such as ride-sharing, car-sharing, bike-sharing, and public transport integration, facilitated by technology platforms. This model provides an efficient alternative to vehicle ownership, addressing urban congestion, parking limitations, and environmental pollution. The necessity of shared mobility lies in its ability to promote sustainable and economical travel, providing convenience and flexibility for individual and corporate users. Applications span across urban commuting, last-mile connectivity, and fleet management for businesses. Key end-use segments include individual commuters, corporate clients, and service providers integrating urban planning with mobility solutions. Market growth is influenced by factors such as urbanization, technological advancements in mobile connectivity, increasing environmental awareness, and supportive governmental policies. Emerging technologies such as autonomous vehicles and integration with smart city infrastructures present significant opportunities for innovation. However, challenges persist, including regulatory hurdles, data privacy concerns, infrastructure inadequacies, and competition from traditional vehicle ownership models. Among the latest potential opportunities are advancements in AI and machine learning to optimize fleet management, blockchain for enhanced security and transparency in transactions, and partnerships between tech companies and transportation authorities to expand service coverage. To capture these opportunities, businesses should focus on developing robust IT infrastructure, ensuring compliance with data protection laws, and fostering collaborations that enhance service efficiency and coverage. Limiting factors such as fluctuating fuel prices, economic downturns, and cultural resistance to sharing models need strategic attention. Best innovation areas currently include electric vehicle integration, seamless multi-modal transport systems, and user-centric platforms that employ IoT and data analytics to improve service personalization and operational efficiency. The market is dynamic, competitive, and heavily influenced by technological trends and regulatory environments, suggesting that constant innovation and adaptability are critical for sustained growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 164.13 billion
Estimated Year [2024]	USD 191.00 billion
Forecast Year [2030]	USD 488.31 billion
CAGR (%)	16.85%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Shared Mobility Market

The Shared Mobility Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rising road traffic congestion and high cost of personal vehicle ownership
- Government initiatives in promoting shared mobility solutions
- Increase in usage of smartphones and growing internet penetration
Market Restraints
- Existence of diverse transportation regulations for various countries and resistance from traditional transport services
Market Opportunities
- Surge in investment for shared mobility businesses
- Evolution of internet of things (IoT) for shared micro mobility
Market Challenges
- Safety and security issues in shared mobility systems

Porter's Five Forces: A Strategic Tool for Navigating the Shared Mobility Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Shared Mobility Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Shared Mobility Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Shared Mobility Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Shared Mobility Market

A detailed market share analysis in the Shared Mobility Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Shared Mobility Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Shared Mobility Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Shared Mobility Market

A strategic analysis of the Shared Mobility Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Shared Mobility Market, highlighting leading vendors and their innovative profiles. These include Avis Budget Group, BlaBlaCar, Bolt Technology OU, Cabify Espana S.L.U., Carzato, Deutsche Bahn Connect GmbH, DiDi Global Inc., Enterprise Holdings, Inc., Getaround, Inc., GreenGo, GT Gettaxi (UK) Limited, Hertz System, Inc., movmi Shared Transportation Services Inc., Revv, Ridecell Inc., SHARE NOW GmbH, Superpedestrian, Inc., Uber Technologies Inc., and WunderCar Mobility Solutions GmbH.

Market Segmentation & Coverage

This research report categorizes the Shared Mobility Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Type, market is studied across Private, Ride Sourcing, Ride-Sharing, and Vehicle Rental or Leasing.
Based on Vehicle Type, market is studied across Busses & Coaches, LCVs, Micro Mobility, and Passenger Cars.
Based on Business Model, market is studied across B2B, B2C, and P2P.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-8C74ADFC024F

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising road traffic congestion and high cost of personal vehicle ownership
  - 5.1.1.2. Government initiatives in promoting shared mobility solutions
  - 5.1.1.3. Increase in usage of smartphones and growing internet penetration
- 5.1.2. Restraints
  - 5.1.2.1. Existence of diverse transportation regulations for various countries and resistance from traditional transport services
- 5.1.3. Opportunities
  - 5.1.3.1. Surge in investment for shared mobility businesses
  - 5.1.3.2. Evolution of internet of things (IoT) for shared micro mobility
- 5.1.4. Challenges
  - 5.1.4.1. Safety and security issues in shared mobility systems
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Shared Mobility Market, by Type

6.1. Introduction
6.2. Private
6.3. Ride Sourcing
6.4. Ride-Sharing
6.5. Vehicle Rental or Leasing

7. Shared Mobility Market, by Vehicle Type

7.1. Introduction
7.2. Busses & Coaches
7.3. LCVs
7.4. Micro Mobility
7.5. Passenger Cars

8. Shared Mobility Market, by Business Model

8.1. Introduction
8.2. B2B
8.3. B2C
8.4. P2P

9. Americas Shared Mobility Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Shared Mobility Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Shared Mobility Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
12.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Avis Budget Group
2. BlaBlaCar
3. Bolt Technology OU
4. Cabify Espana S.L.U.
5. Carzato
6. Deutsche Bahn Connect GmbH
7. DiDi Global Inc.
8. Enterprise Holdings, Inc.
9. Getaround, Inc.
10. GreenGo
11. GT Gettaxi (UK) Limited
12. Hertz System, Inc.
13. movmi Shared Transportation Services Inc.
14. Revv
15. Ridecell Inc.
16. SHARE NOW GmbH
17. Superpedestrian, Inc.
18. Uber Technologies Inc.
19. WunderCar Mobility Solutions GmbH