Shared Mobility Market Statistics 2027
The global Shared Mobility market size is projected to reach US$ 145460 million by 2027, from US$ 90690 million in 2020, at a CAGR of 6.5% during 2021-2027. Increasing on-road car traffic and fuel prices, along with dwindling parking spaces, particularly in developed countries around the world are expected to fuel market expansion. Shared mobility helps avoid all the above scenarios.
Shared mobility refers to the shared used of a vehicle, bicycle, or another transportation mode. It is a transportation strategy that allows users to access transportation services on an as-needed basis.
Shared mobility services offer options to cancel or modify bookings instantly. Moreover, they are less expensive as compared to other transportation modes and eliminate issues of limited parking space.
Investments from government entities towards strengthening shared mobility systems. Governments of every country are concerned about the increase in population, which leads to hazardous effects on the environment. Governments encourage people to restrain themselves from using automotive as much as they can. Furthermore, sharing rides among families and friends is one of the key ideas from the government to encourage people to opt for a shared ride instead of a personal ride, which is expected to enhance the growth of the global shared mobility market.
Shared Mobility Market Segment Review
Ride-Hailing" was including in Ridesharing, ridesharing is a service that arranges one-way transportation on short notice. The biggest ridesharing companies including Didi Chuxing, Uber and Lyft
The Asia Pacific is expected to be the most lucrative segment during the forecast period. This is due to the high adoption rate of ride-hailing and car-sharing services in densely populated countries in the region.
Shared Mobility Market by Type
Shared Mobility Market by Application
Shared Mobility Market by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Major Players in the Shared Mobility Market
- Uber
- DiDi Chuxing
- Lyft
- Gett
- Grab
- Ola Cabs
- MLU B.V. (formerly Yandex.Drive)
- Meituan Bike (formerly Mobike)
- BlaBlaCar
- FREE NOW (formerly mytaxi)
- Share Now
- EVCARD
- Lime (Neutron Holdings)
- Gofun
- Zipcar
- Deutsche Bahn Connect GmbH (Flinkster)
- GreenGo
Scope of the Shared Mobility Market Report
Report Metric |
Details |
Report Name |
Shared Mobility Market |
The market size in 2020 |
USD 90690 Million |
The revenue forecast in 2027 |
USD 145460 Million |
Growth Rate |
CAGR of 6.5% from 2021 to 2027 |
Market size available for years |
2021-2027 |
Forecast units |
Value (USD) |
Segments covered |
Type, End-User, Offerings, and Region |
Report coverage |
Revenue & volume forecast, company share, competitive landscape, growth factors, and trends |
Geographic regions covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Frequently Asked Questions About This Report
1. How big is the shared mobility market?
Ans. The global shared mobility market size is projected to reach US$ 145460 million by 2027, from US$ 90690 million in 2020, at a CAGR of 6.5% during 2021-2027.
2. Who are the top companies hold the market share in the shared mobility market?
Ans. The top companies that hold the market share in the shared mobility market are Uber, DiDi Chuxing, Lyft, Gett, Grab, Ola Cabs, MLU B.V. (formerly Yandex.Drive), Meituan Bike (formerly Mobike), BlaBlaCar, FREE NOW (formerly mytaxi), Share Now, EVCARD, Lime (Neutron Holdings), Gofun, Zipcar, Deutsche Bahn Connect GmbH (Flinkster), GreenGo
3. What would be the forecast period in the shared mobility market report?
Ans. The forecast period for the shared mobility market is 2021 to 2027.
4. What are the market drivers in the global shared mobility market?
Ans. Increasing on-road car traffic and fuel prices, along with dwindling parking spaces, particularly in developed countries around the world are expected to fuel market expansion.
5. Which region dominated the global shared mobility market share?
Ans. The Asia Pacific is expected to be the most lucrative segment during the forecast period.