Shared Mobility Market Report: Trends, Forecast and Competitive Analysis to 2030

Shared Mobility Market Trends and Forecast

The future of the global shared mobility market looks promising with opportunities in the online and offline markets. The global shared mobility market is expected to reach an estimated $122 billion by 2030 with a CAGR of 4% from 2024 to 2030. The major drivers for this market are rapid urbanization increases demand for efficient and cost-effective transportation solutions, driving the growth of shared mobility services., growing awareness of environmental issues and the need to reduce carbon emissions encourage the adoption of shared mobility options as a greener alternative to private car ownershi, and shared mobility offers significant cost savings on fuel, maintenance, and parking compared to owning a personal vehicle, making it an attractive option for consumers..
Shared mobility systems rely on several key components: vehicles such as cars, bikes, or scooters that are made available for public use, a digital platform or app for users to book and manage rides, and a backend infrastructure for fleet management and vehicle tracking. Additionally, payment systems facilitate transactions, while connectivity technology ensures real-time data exchange and user interaction. Operational support includes maintenance services and customer support to ensure efficient and reliable service. The pricing of shared mobility services varies widely among competitors. Generally, bike-sharing and scooter-sharing services charge between $1 to $5 per ride or offer subscription plans ranging from $20 to $100 per month. Car-sharing services typically cost $8 to $15 per hour or $50 to $100 per day, with additional fees based on mileage. Ride-hailing options often use a per-mile or per-minute rate, averaging $1 to $3 per mile or $0.10 to $0.50 per minute. Prices can also vary based on location, service features, and demand.



• Lucintel forecasts that ride sharing will remain the largest segment over the forecast period.
• Within this market, on-line is expected to witness the higher growth.

Country Wise Outlook for the Shared Mobility Market In New Zealand








 

Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below image highlights recent developments by major shared mobility producers in key regions: the USA, Germany, China, India, and Brazil.

Emerging Trends for Shared Mobility Market

• Expansion of Mobility-as-a-Service (MaaS): Mobility-as-a-Service (MaaS) is gaining traction as a comprehensive solution integrating various transportation modes into a single accessible service. MaaS platforms are providing users with a seamless travel experience through apps that combine public transport, ride-sharing, bike-sharing, and car rentals. This trend is driven by the need for more efficient, flexible, and user-friendly transportation options.
• Integration of Electric and Autonomous Vehicles: The shared mobility sector is increasingly incorporating electric and autonomous vehicles (EVs and AVs) to enhance sustainability and safety. EVs reduce carbon emissions and operating costs, while AVs offer the potential for reduced traffic accidents and improved efficiency. Major companies and startups are investing heavily in these technologies to stay competitive.
• Growth of Micro-Mobility Solutions: Micro-mobility solutions such as e-scooters and e-bikes are experiencing rapid growth, particularly in urban areas. These solutions offer convenient, eco-friendly alternatives for short-distance travel and are becoming integral to shared mobility services, addressing the first-mile/last-mile connectivity challenge.
• Increased Focus on Sustainability: Sustainability is a key trend, with companies prioritizing eco-friendly practices and vehicles. This includes the adoption of green technologies and business models that reduce environmental impact. Sustainability initiatives are also driven by regulatory pressures and consumer demand for greener transportation options.
• Enhanced Data Analytics and AI Integration: The use of data analytics and artificial intelligence (AI) is transforming shared mobility services. These technologies enable better route planning, dynamic pricing, and personalized user experiences. By analyzing data, companies can optimize operations, improve service efficiency, and enhance customer satisfaction.
• Rise of Subscription-Based Models:Subscription-based models are becoming popular in shared mobility, offering users flexibility and cost savings. These models provide access to a range of transportation options for a fixed monthly fee, catering to diverse needs and preferences while providing a steady revenue stream for providers.
Conclusion: The shared mobility market is evolving with a strong emphasis on integration, sustainability, and technology. The expansion of MaaS platforms, the integration of EVs and AVs, and the growth of micro-mobility solutions reflect a shift towards more efficient, eco-friendly, and user-centric transportation options. Enhanced data analytics and subscription models further illustrate the sector’s drive towards personalization and flexibility, highlighting a dynamic and rapidly changing landscape.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Recent Developments by Shared Mobility Market

• Expansion of Ride-Sharing Services: Companies like Uber and Lyft have expanded their services into new cities and countries, increasing their global footprint. These expansions often include new features such as ride pooling, electric vehicle options, and integration with public transport systems, enhancing their appeal and reach.
• Launch of Electric and Autonomous Fleets: Several shared mobility providers are launching fleets of electric and autonomous vehicles. For example, Waymo and Cruise are rolling out autonomous ride-hailing services, while companies like Lime and Bird are deploying electric scooters and bikes to meet the rising demand for eco-friendly transport options.
• Partnerships and Acquisitions: Strategic partnerships and acquisitions are reshaping the shared mobility landscape. Companies are partnering with technology firms to integrate advanced features into their services and acquiring startups to diversify their offerings and strengthen their market position. These moves enhance their capabilities and expand their service portfolios.
• Government and Regulatory Developments: Governments are implementing regulations and incentives to support shared mobility initiatives. Policies promoting electric vehicle adoption, infrastructure development for micro-mobility, and the establishment of smart city projects are encouraging the growth of shared mobility services and improving their integration with existing transportation networks.
• Advancements in Mobile Apps and Platforms: There have been significant advancements in mobile apps and platforms used for shared mobility services. Innovations include improved user interfaces, better integration of various transportation modes, and enhanced payment systems. These advancements aim to provide a more seamless and user-friendly experience.
• Increased Investment in Sustainability Initiatives: Shared mobility companies are investing heavily in sustainability initiatives, such as developing more efficient electric vehicles, implementing green energy solutions, and adopting carbon offset programs. These efforts reflect a commitment to reducing the environmental impact of transportation services.
Conclusion: Recent developments in the shared mobility market highlight a period of significant growth and transformation. The expansion of ride-sharing services, the launch of electric and autonomous fleets, and strategic partnerships are reshaping the industry. Government support and advancements in technology further drive the market, while increased investment in sustainability demonstrates a commitment to addressing environmental concerns.

Strategic Growth Opportunities for Shared Mobility Market

• Expansion into Emerging Markets: Emerging markets present significant growth opportunities for shared mobility providers. As urbanization increases and transportation infrastructure develops, there is a growing demand for efficient and flexible mobility solutions. Companies entering these markets can benefit from early adoption and establish a strong market presence.
• Integration with Public Transport Systems: Integrating shared mobility services with public transport systems can enhance overall efficiency and user experience. By offering seamless connections between different modes of transport, providers can improve first-mile/last-mile connectivity and attract more users, leading to increased market share.
• Development of Advanced Mobility Technologies: Investing in advanced technologies such as autonomous vehicles, electric vehicles, and smart infrastructure offers substantial growth opportunities. Companies that lead in these areas can differentiate themselves from competitors, attract tech-savvy consumers, and capitalize on the growing trend towards innovation in mobility.
• Expansion of Micro-Mobility Solutions: The growing demand for micro-mobility solutions provides a lucrative opportunity for expansion. Companies can capitalize on the increasing popularity of e-scooters and e-bikes by expanding their fleets and service areas, particularly in densely populated urban environments.
• Partnerships with Tech Companies: Forming strategic partnerships with technology firms can enhance service offerings and operational efficiency. Collaborations with companies specializing in AI, data analytics, and app development can improve user experiences, optimize routes, and enable new features that attract and retain customers.
• Focus on Sustainability and Green Initiatives: Emphasizing sustainability and green initiatives presents a significant growth opportunity. Providers that prioritize eco-friendly practices, such as using electric vehicles and promoting carbon offset programs, can appeal to environmentally conscious consumers and align with regulatory trends.
Conclusion: The shared mobility market offers several strategic growth opportunities, including expansion into emerging markets, integration with public transport, and the development of advanced technologies. The rise of micro-mobility solutions and partnerships with tech companies further underscores the potential for innovation and improved service offerings. A focus on sustainability enhances market appeal and aligns with global trends, positioning companies for long-term success.

Shared Mobility Market Drivers and Challenges

Drivers:
1. Rising Urbanization: Rapid urbanization is driving the demand for shared mobility solutions. As cities grow and traffic congestion increases, there is a need for efficient, flexible transportation options that reduce the reliance on personal vehicles and ease urban mobility.
2. Technological Advancements: Advances in technology, including the development of autonomous vehicles, electric vehicles, and mobile apps, are accelerating the growth of shared mobility services. These innovations enhance service efficiency, safety, and user experience, making shared mobility more attractive.
3. Environmental Concerns: Growing environmental awareness and concerns about climate change are driving the adoption of sustainable transportation solutions. Shared mobility services, particularly those using electric vehicles, contribute to reduced carbon emissions and align with global sustainability goals.
4. Cost Savings: Shared mobility solutions offer cost savings compared to owning a personal vehicle. The pay-as-you-go model and reduced expenses for maintenance, insurance, and parking make shared mobility an appealing option for cost-conscious consumers.
5. Government Support and Regulations: Government policies and incentives supporting shared mobility are driving market growth. Regulations promoting electric vehicles, investments in infrastructure, and subsidies for green technologies encourage the adoption of shared mobility solutions and facilitate market expansion.
Challenges:
1. Regulatory Hurdles: Navigating regulatory challenges can be complex for shared mobility providers. Compliance with varying regulations across regions, including safety standards, insurance requirements, and data privacy laws, can be time-consuming and costly.
2. Infrastructure Limitations: Inadequate infrastructure, such as limited charging stations for electric vehicles and insufficient parking facilities for shared vehicles, can hinder the growth of shared mobility services. Addressing these infrastructure gaps is essential for expanding service coverage and improving user experience.
3. Safety and Security Concerns: Safety and security concerns, including vehicle maintenance, data privacy, and user safety, are significant challenges. Ensuring reliable vehicle performance, protecting user data, and implementing effective safety measures are crucial for maintaining trust and user satisfaction.
4. Competition and Market Saturation: The shared mobility market is highly competitive, with numerous players vying for market share. Increased competition and market saturation can lead to price wars, reduced profitability, and challenges in differentiating services.
5. Consumer Adoption and Behavioral Changes: Encouraging consumers to adopt shared mobility solutions and change their transportation habits can be challenging. Overcoming barriers such as reluctance to use new technologies and preferences for personal vehicle ownership requires effective marketing and education efforts.
Conclusion: The shared mobility market is driven by rising urbanization, technological advancements, environmental concerns, cost savings, and government support. However, it faces challenges such as regulatory hurdles, infrastructure limitations, safety and security concerns, intense competition, and consumer adoption barriers. Addressing these challenges while leveraging growth drivers will be crucial for companies to succeed and thrive in the evolving shared mobility landscape.

Shared Mobility Suppliers and Their Market Shares

In this globally competitive market, several key players such as Uber Technologies Inc., Didi Chuxing Technology Co, Lyft, Daimler, Grab Taxi Holdings Pte. Ltd. Etc dominate the market and contribute to industry’s growth and innovation. These players capture maximum market share. To know the current market share of each of major players contact us.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies shared mobility companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the shared mobility companies profiled in this report include-
• Uber Technologies Inc.
• Didi Chuxing Technology Co
• Lyft
• Daimler
• Grab Taxi Holdings Pte. Ltd.
• BlaBlaCar
• Ani Technologies Pvt. Ltd.
• Zipcar
• Ofo
• Mobike

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Shared Mobility Market by Segment

The study includes a forecast for the global shared mobility market by mode of sharing, booking type , vehicle type, and region.

Shared Mobility Market by Mode of Sharing [Value from 2018 to 2030]:

• Ride Sharing
• Car Sharing
• Bike Sharing

Shared Mobility Market by Booking Type  [Value from 2018 to 2030]:

• On-Line
• Off-Line

Shared Mobility Market by Vehicle Type [Value from 2018 to 2030]:

• Ic Engines
• Electric Vehicles    

Shared Mobility Market by Region [Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Features of the Global Shared Mobility Market

Market Size Estimates: Shared mobility market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Shared mobility market size by mode of sharing, booking type , vehicle type, and region in terms of value ($B).
Regional Analysis: Shared mobility market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different mode of sharing, booking type , vehicle type, and regions for the shared mobility market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the shared mobility market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

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FAQ

Q1. What is the shared mobility market size?
Answer: The global shared mobility market is expected to reach an estimated $122 billion by 2030.
Q2. What is the growth forecast for shared mobility market?
Answer: The global shared mobility market is expected to grow with a CAGR of 4.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the shared mobility market?
Answer: The major drivers for this market are rapid urbanization increases demand for efficient and cost-effective transportation solutions, driving the growth of shared mobility services., growing awareness of environmental issues and the need to reduce carbon emissions encourage the adoption of shared mobility options as a greener alternative to private car ownershi, and shared mobility offers significant cost savings on fuel, maintenance, and parking compared to owning a personal vehicle, making it an attractive option for consumers..
Q4. What are the major segments for shared mobility market?
Answer: The future of the shared mobility market looks promising with opportunities in the online and offline markets.
Q5. Who are the key shared mobility market companies?
Answer: Some of the key shared mobility companies are as follows:
• Uber Technologies Inc.
• Didi Chuxing Technology Co
• Lyft
• Daimler
• Grab Taxi Holdings Pte. Ltd.
• BlaBlaCar
• Ani Technologies Pvt. Ltd.
• Zipcar
• Ofo
• Mobike
Q6. Which shared mobility market segment will be the largest in future?
Answer: Lucintel forecasts that ride sharing will remain the largest segment over the forecast period.
Q7. In shared mobility market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the shared mobility market by mode of sharing (ride sharing, car sharing, and bike sharing), booking type  (on-line and off-line), vehicle type (ic engines and electric vehicles    ), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Shared Mobility Market Market, Shared Mobility Market Market Size, Shared Mobility Market Market Growth, Shared Mobility Market Market Analysis, Shared Mobility Market Market Report, Shared Mobility Market Market Share, Shared Mobility Market Market Trends, Shared Mobility Market Market Forecast, Shared Mobility Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.