Shared Mobility - United States

United States

The Shared Mobility market in the United States is expected to generate a revenue of €291.50bn by 2024.
This revenue is projected to grow annually at a rate of 2.15%, resulting in a market volume of €324.20bn by 2029.
The largest market in this market is Flights, which is expected to have a market volume of €132.40bn by 2024.
By 2029, the number of users in the Public Transportation market is expected to be 133.00m users.
The user penetration rate, which is 81.7% in 2024, is projected to rise to 85.5% by 2029.
The average revenue per user (ARPU) is expected to reach €1,044.00.
By 2029, 77% of the total revenue in the Shared Mobility market will be generated through online sales.
In a global comparison, China is projected to generate the most revenue, with an estimated revenue of €338bn in 2024.
The United States is experiencing a surge in demand for shared mobility services, driven by urbanization and the need for cost-effective transportation options.

Key regions: United States, Saudi Arabia, Germany, Malaysia, India

Definition:

The Shared Mobility market encompasses a diverse range of long- and short-distance mobility services. As the world moves towards a more connected and digital era, the Shared Mobility market is central to driving innovation, collaboration, and the development of intelligent transportation systems.

Structure:

The market consists of eleven further markets. These include the following markets:

The Car Rentals market contains vehicle rentals that have been booked in person, by telephone via the internet or an app.
The Car-sharing market includes professionally run car-sharing services that provide on-demand access vehicles, allowing users to rent cars for short periods, e.g., by minute or hour.
The Bike-sharing market contains short-term bike-sharing services. Bicycles can be found in the provider’s business zone where they are either parked at designated stations or freely distributed without fixed docks.
The Ride-hailing market encompasses on-demand transportation services facilitated through mobile apps or online platforms. This market covers both private vehicle rides and taxi services, all booked exclusively online.
The Taxi market covers exclusively traditional taxi services booked offline, typically via street hailing or phone calls.
The Flights market contains air travel bookings regardless of the purchase channel, such as an airline's website or a travel agency.
In the Public Transportation market, revenues generated by ticket sales from public transportation companies are considered.

Additional Information:

The main performance indicators of the Shared Mobility market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the above-mentioned markets. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year. Additional definitions for each market can be found within the respective market pages.

The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.

For further information on the data displayed, refer to the info button right next to each box.

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Shared Mobility market in United States has been experiencing significant growth and evolution in recent years.

Customer preferences: Customers in the United States are increasingly valuing convenience, flexibility, and cost-efficiency when it comes to transportation options. Shared Mobility services such as ride-hailing, bike-sharing, and car-sharing have gained popularity due to their ability to provide on-demand transportation solutions tailored to individual needs.

Trends in the market: One prominent trend in the Shared Mobility market in the United States is the integration of technology. Companies are investing in advanced mobile applications, GPS tracking, and digital payment systems to enhance the overall user experience. Additionally, there is a growing focus on sustainability, with more emphasis on electric vehicles and eco-friendly practices within shared transportation services.

Local special circumstances: The United States has a vast and diverse transportation landscape, with varying levels of infrastructure and regulations across different states. This diversity has led to the emergence of region-specific Shared Mobility solutions, catering to the unique needs of urban, suburban, and rural areas. For example, densely populated cities like New York have seen a surge in ride-hailing services, while bike-sharing programs have gained traction in more bike-friendly regions like California.

Underlying macroeconomic factors: Several macroeconomic factors contribute to the development of the Shared Mobility market in the United States. The increasing urbanization rate, coupled with rising traffic congestion in major cities, has driven the demand for alternative transportation options. Moreover, changing consumer behaviors, especially among the younger demographic, favor the sharing economy and on-demand services, further propelling the growth of Shared Mobility in the country.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of car rentals, ride-hailing, taxi, car-sharing, bike-sharing, e-scooter-sharing, moped-sharing, trains, buses, public transportation, and flights.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.