Shared Mobility Market to Grow with a CAGR of 8.60% through 2030
Rising urban congestion, increasing smartphone
penetration, and growing environmental concerns are encouraging consumers to
adopt shared mobility solutions. Cost efficiency, convenience, and supportive
government initiatives are the factors driving the market in the forecast
period 2026–2030.
According to TechSci Research report, “Shared
Mobility Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2020-2030F”, The Global Shared Mobility Market was
valued at USD 257.50 Billion in 2024 and is expected to reach USD 422.43
Billion by 2030 with a CAGR of 8.60% during the forecast period.
The global shared mobility market is undergoing rapid
evolution, driven by structural shifts in consumer behavior, technological
advancements in fleet operations, and the increasing economic burden of private
vehicle ownership. Urban dwellers are moving toward access-based transportation
models as rising fuel prices, limited parking availability, and vehicle
maintenance costs make owning a car less attractive. Shared mobility is
emerging not just as a convenience but as a financially prudent and space-efficient
alternative, especially as cities look to decongest roads and reallocate space
for public use.
One of the key enablers of this market’s expansion is the
growing alignment between urban infrastructure planning and multimodal
transport integration. Cities are beginning to design ecosystems that combine
shared vehicles, public transit, and micromobility into unified networks. These
systems are often enhanced by government-supported platforms, intelligent
traffic management, and mobility-as-a-service (MaaS) applications. This
interconnectedness allows users to plan seamless trips across different modes, reducing
reliance on privately owned cars and promoting a shift toward service-based
urban mobility.
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Shared Mobility Market Is Segmented by Vehicle Type,
Propulsion Type, Mobility Type, and By Region.
In 2024, the two-wheeler segment emerged as the
fastest-growing vehicle type in the global shared mobility market. The surge
was driven by increasing demand for quick, affordable, and convenient transport
solutions in densely populated areas. Shared bikes, e-scooters, and mopeds
gained popularity for their ability to navigate traffic with ease and provide
efficient first- and last-mile connectivity. Urban users increasingly favored
two-wheelers for short-distance travel, especially in cities facing congestion
and limited parking. The ease of access through mobile apps, coupled with low
operational costs, made two-wheelers more appealing than shared passenger cars
for everyday commutes. This growth also aligned with rising environmental
awareness and a shift toward more sustainable mobility options.
In 2024, Europe & CIS also witnessed significant growth
in the shared mobility market, driven by strong policy backing and evolving
urban transport goals. Cities across the region focused on reducing car
dependency by promoting alternative modes like bike-sharing, car-sharing, and
on-demand ride services. Environmental concerns and stringent emissions
regulations encouraged users to adopt shared electric mobility solutions,
further supported by the expansion of low-emission zones and improved cycling
infrastructure. Public awareness around sustainable living, combined with
reliable integration of shared mobility options into public transport networks,
created a favorable ecosystem.
Major Market Players Operating in Global Shared Mobility
Market Are:
- Uber
Technologies Inc.
- Ola
Electric Mobility Ltd
- Lyft,
Inc.
- Careem
- Bolt
Technology OÜ
- Car2Go
- Deutsche
Bahn Connect GmbH
- DiDi
Chuxing
- Drive
Now (BMW)
- EVCARD
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“As cities around the world become more crowded and
consumers rethink the value of vehicle ownership, shared mobility is stepping
up as a smarter, more sustainable alternative. What we’re seeing is not just a
shift in how people move, but a transformation in the way transportation is
accessed, driven by convenience, cost-efficiency, and technology. Whether it’s
a shared bike for a quick commute or an app-based ride for longer travel, users
are gravitating toward flexible solutions that fit their changing lifestyles.
The momentum behind shared mobility isn’t just a trend—it’s a structural change
shaping the future of urban transport”, according to Mr. Karan Chechi,
Research Director of TechSci Research, a global research-based management
consulting firm.
“Shared Mobility Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Two-wheeler, Passenger Car), By Propulsion Type (ICE, Electric), By Mobility Type (Ride Sharing, Vehicle Leasing, Private), By Region & Competition, 2020-2030F”, assesses
the market's future growth potential and provides data on market size, trends,
and forecasts. It aims to offer comprehensive market insights, helping
decision-makers make informed investment choices. The report also highlights
emerging trends, key drivers, challenges, and opportunities in the Global
Shared Mobility Market.
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