Shared Mobility Market Size

Market Outlook:

Shared Mobility Market was over USD 262.92 Billion in 2023 and is set to surpass USD 742.9 Billion by end of the year 2032, witnessing more than 15.1% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 262.92 Billion
• CAGR (2024-2032): 15.1%
• Forecast Year Value (2032): USD 742.9 Billion
• Historical Data Period: 2019-2023
• Largest Region: Asia Pacific
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

The increasing focus on reducing traffic congestion and carbon emissions is driving the growth of the shared mobility market. Governments around the world are implementing policies to promote shared mobility as a sustainable transportation option.

The growing urban population and increasing smartphone penetration are also contributing to the growth of the shared mobility market. Consumers are looking for convenient and cost-effective transportation solutions, and shared mobility services offer a convenient alternative to owning a car.

The rise of on-demand transportation services and advancements in technology, such as ride-hailing apps and electric vehicles, are further driving the growth of the shared mobility market. These innovations are making shared mobility more accessible and appealing to a wider range of consumers.

Industry

Report Scope

Report Coverage	Details
Segments Covered	Service Model, Channel, Vehicle
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Car2Go, Deutsche Bahn Connect, DiDi Chuxing, DriveNow, EvCard, Flinkster, Grab Holdings Limited, GreenGro, Lyft, Toyota Motor, Docomo Bike Share, Meitetsu Kyosho Co.., Nissan Rental Solution Co.., Earthcar Co.., Times Mobility Co.., Orix, Tembici, BlaBlaCar, Uber Technologies, Picap, Cabify Espana S.L.U., 99Taxi, Zipcar

Despite the growth opportunities, regulatory hurdles and challenges related to infrastructure and profitability are major restraints for the shared mobility market. Uncertain regulatory environments and stringent regulations can hinder the growth of shared mobility services in certain regions.

The lack of last-mile connectivity and limited infrastructure for shared mobility services are also significant restraints for the market. Inadequate charging stations for electric vehicles, lack of designated pick-up and drop-off points, and poor road conditions can impact the user experience and limit the adoption of shared mobility services.