Report Description

Saudi Arabia Shared Mobility Market is anticipated to grow at a good CAGR in terms of value during the forecast period, by 2030. In Saudi Arabia, people prefer to take shared mobility as an alternate option for traveling for short distance, as it is more cost effective for them. In Saudi Arabia’s cities, the shared economy in general and vehicle sharing, in particular, are expanding quickly. The government of Saudi Arabia is aggressively promoting it by creating the idea of "smart city" and expanding the essential infrastructure, like parking places for car-sharing. Saudi Arabia busiest cities like Riyadh, Maca, Jeddah, Mecca, Medina, etc. are micro mobility centers and higher number of peoples are using shared mobility in these cities. This also implies that many micro mobility projects receive additional forms of government funding or partial funding from local governments. Many shared mobility companies have seen an opportunity for them as the number of share mobility user has increased with time in the country, thus, the market for shared mobility is expanding and showing significant investment acceleration. Shared mobility firms have already garnered good funding investment amounts, placing the industry second behind e-hailing players, despite of the entry of shared two wheeler, in the market. This reflects the faster adoption of shared mobility trips as for different cities in the country.

 

The sales of Saudi Arabia’s total number of passenger car, in 2021, was around 4,75,837 making the passenger car segment own highest market share in the shared mobility market. The sales of commercial vehicles, in 2021, was around 80,722, making commercial vehicles have good presence in the shared mobility market. The number of users in the shared mobility from the corporate sector is more than 50% in the market, and the online segment has more than 80% market share compared to the offline user in the Shared Mobility Market.

 

Cost Effectiveness of Shared Mobility

Taking a vehicle as shared mobility can have several benefits over outright owning one because it can reduce the enormous upfront expense of purchasing one. Many working employees in the corporate sector have offices in the main city where the living cost is high and most of the people don’t have their own private vehicle. They prefer to take shared mobility for traveling, on the daily basis. People in Saudi Arabia find difficulties in parking the vehicle at the office location. To the benefit, shared mobility helps reduce parking needs, creating opportunities for infill development to nonvehicular modes.

 

The Increasing Demand for Online Shared Vehicles

Currently, online booking can be used for cashless transactions, e-signing contracts, checking the validity of the renter's identification, and providing the renter with vehicle information.

Over the past few years, people's preferred method of choosing their shared vehicles have increased with the development of technology. Additionally, it offers extra tools for real-time monitoring of a shared vehicle’s performance and maintenance. These features are great advantages for fleet managers and drivers because they help them in effectively spot issues and execute changes to their shared vehicles services at the right moment.

 

Addition Of the New Market Players in the Saudi Arabia Shared Mobility Market

Saudi Arabia is a tourist destination place where every year, more than 20 million people come to visit the country.  Such increasing number of tourists every year is leading the increase in the number of shared mobility. . The shared mobility market in Saudi Arabia is expected to grow at a healthy rate, owing to the increase in business and leisure tourism. By seeing this opportunity, the shared mobility market players are focusing on keeping ahead on the basis of value-added services provided to prospective users. The shared mobility companies are now reducing the service cost and are adding premium and well maintained vehicle models and they are increasing the fleet of the vehicles to capture more market share in the Saudi Arabia.

 


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Market Segmentation

The Saudi Arabia Shared Mobility Market is segmented based on vehicle type, service type, business model, vehicle propulsion, booking type, by region and by company. Based on vehicle type, the market is further fragmented into passenger car, two-wheeler, and micro mobility. Based on services type, the market is segmented into ride sharing, ride source, and private. Based on business model, the market is segmented into P2P, B2B, and B2C. Based on the vehicle propulsion, the market is segmented into IC Engine Vehicle, and Electric vehicle. In the booking type segment, the market is segmented into online and offline. Saudi Arabia Shared Mobility Market analysis also studies the region segmentation to devise region market segmentation, divided among Central Region, Western Region, Eastern Region, Southern Region, Northern Region.

Company Profiles

Some of the major players which are operating in Saudi Arabia Shared Mobility Market are Careem Inc, Swvl Holdings Corp, ekar, KOI Ride, Udriver, FENIX, Saudi Transport & Investment Co. (Mubarrad), Telgani, Uber Technologies, Inc., KDDAD TAXI SERVICE are the major key players which are operating in the Saudi Arabia Shared Mobility market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2030

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2021 and 2023E-2030F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Vehicle Type

By Service Type

By Booking Type

By Business Model

By Vehicle Propulsion

By Region

Key Companies Profiled

Careem Inc, Swvl Holdings Corp, ekar, KOI Ride, Udriver, FENIX, Saudi Transport & Investment Co. (Mubarrad), Telgani, Uber Technologies, Inc., KDDAD TAXI SERVICE

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, Saudi Arabia Shared Mobility Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia Shared Mobility Market, By Vehicle Type:
    • Passenger Car
    • Tow-Wheeler
    • Micro Mobility  
  • Saudi Arabia Shared Mobility Market, By Service Type:
    • Ride Sharing
    • Ride Sourcing
    • Private
  • Saudi Arabia Shared Mobility Market, By Booking Type:
    • Online
    • Offline
  • Saudi Arabia Shared Mobility Market, By Business Model:
    • P2P
    • B2B
    • B2C
  • Saudi Arabia Shared Mobility Market, By Vehicle Propulsion:
    • IC Engine Vehicle 
    • Electric Vehicle
  • Saudi Arabia Shared Mobility Market1, By Region:
    • Central Region
    • Western Region
    • Eastern Region
    • Southern Region
    • Northern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Automotive Battery Market

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information:

Saudi Arabia Shared Mobility Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Saudi Arabia Shared Mobility Market

4.1.  Impact Assessment Model      

4.1.1.     Key Segments Impacted

4.1.2.     Key Regions Impacted

5.    Voice of Customer Analysis

5.1.  Factors Influencing Purchase Decision

5.2.  Brand Awareness

5.3.  Brand Satisfaction Level

6.    Saudi Arabia Shared Mobility Outlook, 2018-2030

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type Market Share Analysis (Passenger Car, Two-Wheeler, Micro Mobility)

6.2.2.     By Service Type Market Share Analysis (Ride Sharing, Ride Source, Private)

6.2.3.     By Business Model Market Share Analysis (P2P, B2B, B2C)

6.2.4.     By Vehicle Propulsion Market Share Analysis (IC Engine Vehicles, Electric Vehicle)

6.2.5.     By Booking Type Market Share Analysis (Online, Offline)

6.2.6.     By Regional Market Share Analysis

6.2.6.1.         Northern & Central Region Market Share Analysis

6.2.6.2.         Western Region Market Share Analysis

6.2.6.3.         Eastern Region Market Share Analysis

6.2.6.4.         Southern Region Market Share Analysis

6.2.7.     By Company Market Share Analysis (By Value, 2022)

6.3.  Saudi Arabia Shared Mobility Market Mapping & Opportunities Assessment

6.3.1.     By Vehicle Type Market Mapping & Opportunity Assessment

6.3.2.     By Service Type Mapping & Opportunity Assessment

6.3.3.     By Business Model Mapping & Opportunity Assessment

6.3.4.     By Vehicle Propulsion Mapping & Opportunity Assessment

6.3.5.     By Booking Type Mapping & Opportunity Assessment

6.3.6.     By Regional Market Mapping & Opportunity Assessment

7.    Saudi Arabia Passenger Car Shared Mobility Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Volume and Value

7.2.  Market Share & Forecast

7.2.1.     By Service Type Market Share Analysis

7.2.2.     By Business Model Market Share Analysis

7.2.3.     By Vehicle Propulsion Market Share Analysis

7.2.4.     By Booking Type Market Share Analysis

8.    Saudi Arabia Two-Wheeler Shared Mobility Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Volume and Value

8.2.  Market Share & Forecast

8.2.1.     By Service Type Market Share Analysis

8.2.2.     By Business Model Market Share Analysis

8.2.3.     By Vehicle Propulsion Market Share Analysis

8.2.4.     By Booking Type Market Share Analysis

9.    Saudi Arabia Micro Mobility Shared Mobility Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Volume and Value

9.2.  Market Share & Forecast

9.2.1.     By Service Type Market Share Analysis

9.2.2.     By Business Model Market Share Analysis

9.2.3.     By Vehicle Propulsion Market Share Analysis

9.2.4.     By Booking Type Market Share Analysis

10.  Market Dynamics

10.1.              Market Drivers

10.1.1.  Expansion Strategy by Existing Players

10.1.2.  The Increasing Demand for Online Car Rental Services

10.2.              Market Challenges

10.2.1.1.      Increasing Ride Cancellation

10.2.1.2.      Passengers Safety Issue in the Shared Mobility

11.  Market Trends & Developments

11.1.              Increasing Fleet Size of Vehicles in the Share Mobility

11.2.              Growing Internet User In the Market

11.3.              Growing Market Penetration Due to Addition of Market Players

12.  Porter’s Five Forces Model

12.1.              Competitive Rivalry

12.2.              Bargaining Powers of Suppliers

12.3.              Bargaining Powers of Buyers

12.4.              Threat of New Entrants

12.5.              Threat of Substitutes

13.  Policy & Regulatory Landscape

14.  Saudi Arabia Economic Profile

15.  Competitive Landscape

15.1.              Company Profiles (Up To Top 10 Leading Companies)

15.1.1.  Careem Inc.

15.1.1.1.      Company Details

15.1.1.2.      Products & Services

15.1.1.3.      Recent Development

15.1.1.4.      Key Management Personnel

15.1.2.  Swvl Holdings Corp

15.1.2.1.      Company Details

15.1.2.2.      Products & Services

15.1.2.3.      Recent Development

15.1.2.4.      Key Management Personnel

15.1.3.  ekar

15.1.3.1.      Company Details

15.1.3.2.      Products & Services

15.1.3.3.      Recent Development

15.1.3.4.      Key Management Personnel

15.1.4.  KOI Ride

15.1.4.1.      Company Details

15.1.4.2.      Products & Services

15.1.4.3.      Recent Development

15.1.4.4.      Key Management Personnel

15.1.5.  Udriver

15.1.5.1.      Company Details

15.1.5.2.      Products & Services

15.1.5.3.      Recent Development

15.1.5.4.      Key Management Personnel

15.1.6.  FENIX

15.1.6.1.      Company Details

15.1.6.2.      Products & Services

15.1.6.3.      Recent Development

15.1.6.4.      Key Management Personnel

15.1.7.  Saudi Transport & Investment Co. (Mubarrad)

15.1.7.1.      Company Details

15.1.7.2.      Products & Services

15.1.7.3.      Recent Development

15.1.7.4.      Key Management Personnel

15.1.8.  Telgani

15.1.8.1.      Company Details

15.1.8.2.      Products & Services

15.1.8.3.      Recent Development

15.1.8.4.      Key Management Personnel

15.1.9.  Uber Technologies, Inc.

15.1.9.1.      Company Details

15.1.9.2.      Products & Services

15.1.9.3.      Recent Development

15.1.9.4.      Key Management Personnel

15.1.10.                KDDAD TAXI SERVICE

15.1.10.1.    Company Details

15.1.10.2.    Products & Services

15.1.10.3.    Recent Development

15.1.10.4.    Key Management Personnel

16.  Strategic Recommendations/Action Plan

16.1.              Key Focus Areas

16.2.              Target Regions & Countries

16.3.              Target Vehicle Type

17.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Passenger car has the highest market share in Saudi Arabia Shared Mobility Market, as people in Saudi Arabia prefer to book passenger car as shared mobility service, frequently.

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Saudi Arabia Shared Mobility Market is driven by additional market players, along with the growing use of internet in the country.

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The top major players in the Saudi Arabia Shared Mobility Market Careem Inc, Swvl Holdings Corp, ekar, KOI Ride, Udriver, FENIX, Saudi Transport & Investment Co. (Mubarrad), Telgani, Uber Technologies, Inc., KDDAD TAXI SERVICE.

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Eastern region has the highest market share followed by the western region in the Saudi Arabia Shared mobility market.

profile

Srishti Verma

Business Consultant
Press Release

Saudi Arabia Shared Mobility Market to be Led by Passenger Car Through 2030

Jan, 2023

Addition of new market players in the Saudi Arabia Shared Mobility Market and increasing fleet size of vehicles are driving the Saudi Arabia Shared Mobility Market.