Shared Mobility - Worldwide

Worldwide

The Shared Mobility market is expected to generate a revenue of €1,378.00bn worldwide by 2024.
The market is anticipated to experience an annual growth rate of 3.35% (CAGR 2024-2029), resulting in a projected market volume of €1,625.00bn by 2029.
Flights is the largest market, expected to reach a market volume of €567.00bn in 2024.
By 2029, the number of users in Public Transportation is expected to increase to 5,174.00m users.
In the Shared Mobility market, the user penetration rate is projected to grow from 67.0% in 2024 to 77.3% by 2029.
The average revenue per user (ARPU) is projected to be €265.60.
Online sales are expected to generate 69% of the total revenue in the Shared Mobility market by 2029.
In comparison to other countries, China is expected to generate the most revenue, reaching €335bn in 2024.
Despite the COVID-19 pandemic, shared mobility services continue to thrive in countries such as Germany, France, and the United States.

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 is an integral part of every society and influences various aspects of private and public life.

Customer preferences: Customers are increasingly valuing convenience, cost-effectiveness, and sustainability when it comes to transportation options. Shared mobility services such as ride-hailing, car-sharing, and bike-sharing have gained popularity due to their flexibility and affordability, especially among urban dwellers looking for efficient ways to commute.

Trends in the market: In the United States, the Shared Mobility market is witnessing a shift towards electric vehicles and autonomous technology, driven by environmental concerns and technological advancements. Ride-hailing companies are expanding their services to include electric scooters and bikes to cater to the growing demand for eco-friendly transportation options. In Europe, car-sharing services are gaining traction as more people opt for shared vehicles over car ownership in major cities. This trend is fueled by the increasing costs of owning a car, strict emissions regulations, and the convenience of accessing a vehicle only when needed. In Asia, particularly in countries like China and India, bike-sharing services have become immensely popular, offering a convenient and affordable way to navigate through congested urban areas. The market is also seeing a rise in ride-hailing services, with companies expanding their offerings to include food delivery and digital payments to meet the diverse needs of customers.

Local special circumstances: In emerging markets like Brazil and South Africa, shared mobility services are addressing the challenges of limited public transportation infrastructure and high congestion levels in urban centers. These services provide a viable alternative for residents looking to avoid traffic jams and reduce their commuting time. In densely populated countries like Japan and South Korea, where space is limited and car ownership is expensive, shared mobility services have become integral to the transportation ecosystem. Commuters rely on a mix of public transportation, bike-sharing, and ride-hailing to navigate crowded cities efficiently.

Underlying macroeconomic factors: The growth of the Shared Mobility market is also influenced by macroeconomic factors such as urbanization, income levels, and government regulations. As more people move to cities in search of better opportunities, the demand for convenient and affordable transportation solutions continues to rise. Additionally, supportive policies and incentives from governments to promote shared mobility and sustainability are driving the expansion of the market worldwide.

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.