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

Market Overview:

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. Shared mobility is transforming the transportation landscape by offering flexible, efficient, and cost-effective alternatives to vehicle ownership. The rise of ride-hailing, car-sharing, bike-sharing, and micro-mobility services is reshaping urban commuting patterns. Technological integration, such as app-based bookings, real-time tracking, and digital payments, has enhanced the user experience and contributed to widespread adoption. As consumers increasingly prioritize convenience and affordability, shared mobility platforms are gaining traction across diverse demographics, from daily commuters to occasional travelers. For instance, between 2008 and 2023, the global share of trips made through sustainable modes mass transit, walking, cycling, and shared mobility increased from 57% to approximately 65%, reflecting a notable shift in urban travel behavior. This upward trend highlights growing public awareness and adoption of greener mobility solutions. While private cars still account for about 70% of passenger-kilometers in urban areas and 90% in rural regions, the consistent rise in sustainable trip share signals progress toward more efficient, lower-emission transport systems, especially in regions like Europe and Southeast Asia where public transport has a stronger presence in the modal split.

Market Drivers

Urbanization and Traffic Congestion

The rapid pace of urbanization is leading to densely populated cities where personal vehicle use is increasingly unsustainable. As road networks reach capacity, traffic congestion becomes a daily struggle for commuters, causing delays, increased fuel consumption, and heightened stress levels. Shared mobility solutions such as ride-hailing, carpooling, and micro-mobility options present practical alternatives by reducing the number of vehicles on the road and optimizing transport efficiency. Shared rides allow multiple users to travel together, minimizing traffic volume and lowering emissions. This shift not only improves traffic flow but also aligns with the goals of city planners seeking to enhance urban mobility. Commuters benefit from reduced travel costs and the convenience of avoiding parking hassles. The pressure on infrastructure is also alleviated as shared modes reduce road wear and tear. As cities continue to grow and face mounting congestion challenges, the need for scalable and adaptive transport models fuels the adoption of shared mobility systems. For instance, transport remains a major global challenge, contributing 25%–40% of national CO₂ emissions and standing as the only sector with continuous growth in emissions since 1990, according to the IEA. Safety remains a concern as well, with urban traffic fatalities ranging from 0.8 to 15 per 100,000 inhabitants, showing little improvement in recent years. Despite the temporary relief brought by remote work, traffic congestion has rebounded since 2023, and commuting times continue to rise. In Europe alone, annual hours spent in traffic increased from 65 in 2019 to 90 in 2022 a nearly 40% surge underscoring the urgent need for more efficient and sustainable urban mobility solutions.

Cost Efficiency and Consumer Preferences

Shared mobility services offer a more affordable transportation option compared to car ownership, which involves recurring expenses such as insurance, maintenance, parking fees, and depreciation. This cost advantage appeals to budget-conscious consumers who prefer paying only for the time or distance traveled. The rise of on-demand platforms gives users the flexibility to choose transport modes based on their specific needs, whether it's a short bike ride or a longer shared car journey. With no long-term financial commitments, consumers gain freedom from fixed costs while still enjoying convenient mobility. Subscription models and pay-per-use systems further attract those looking for customized and economical transport alternatives. Growing awareness about financial prudence among younger populations also aligns with the shared economy mindset. The appeal of convenience, variety, and lower expenditure is pushing more users toward shared mobility, especially in areas where public transport is limited or ownership is impractical.

Technology Integration and Platform Innovation

The growth of shared mobility is deeply intertwined with advances in digital technology. Real-time GPS tracking, mobile applications, cloud computing, and AI-driven analytics are transforming how services are delivered and experienced. Users can book, track, pay for, and rate rides seamlessly through integrated apps, increasing satisfaction and usage. For operators, technology allows precise fleet management, dynamic pricing, and route optimization, improving efficiency and reducing idle time. Machine learning enables predictive maintenance and customer behavior forecasting, enhancing service reliability and personalization. In-app features such as ride-sharing suggestions, ETA predictions, and payment gateways create a frictionless ecosystem that encourages repeat use. Platforms are evolving into multi-modal hubs, allowing users to combine bikes, scooters, taxis, and transit within a single journey. This digital ecosystem is critical for scalability, especially as demand fluctuates and competition intensifies. Continuous innovation in user interface design, AI integration, and backend operations will remain a primary driver of competitiveness and market expansion.

Download Free Sample Report

Key Market Challenges

Regulatory Uncertainty and Compliance Issues

Shared mobility operators often face evolving and inconsistent regulations across different jurisdictions. This lack of standardization creates operational hurdles, especially for companies scaling services across multiple regions. Licensing requirements, data-sharing mandates, and safety standards can differ drastically, complicating compliance. Regulatory pushback from traditional transport operators and lobbying groups may lead to restrictive policies, limiting the expansion of shared platforms. Sudden regulatory changes can disrupt services, lead to fines, or force providers to withdraw from markets. Clear and collaborative policymaking is often absent, resulting in delays and legal ambiguities.

Service Reliability and Consumer Trust

Maintaining consistent service quality is essential for building and retaining a user base in the shared mobility market. Users expect reliable availability, vehicle cleanliness, driver professionalism, and accurate trip durations. Any deviation can erode trust and shift users back to personal vehicles or alternative transport. Factors such as poor fleet maintenance, driver shortages, or surge pricing during peak hours can impact user experience. Negative customer feedback, especially when amplified through social media, can harm brand reputation. Ensuring reliability requires robust operational systems, proactive customer service, and real-time issue resolution. Inadequate service quality can lead to customer churn and reduced platform usage, impacting profitability.

Key Market Trends

Rise of Micro-Mobility Solutions

Micro-mobility options like e-scooters, e-bikes, and shared bicycles are gaining prominence as viable first- and last-mile solutions. These lightweight, flexible modes of transport are ideal for short-distance travel, reducing reliance on cars and enhancing public transit connectivity. Their compact size makes them easier to deploy in urban environments where road and parking space is limited. Users benefit from quick, low-cost trips that are both convenient and environmentally friendly. Cities are supporting micro-mobility through dedicated bike lanes, parking zones, and integration into transportation planning. Operators are investing in sturdier vehicle designs, battery efficiency, and user-friendly apps to increase adoption. As infrastructure improves and user familiarity grows, micro-mobility is evolving from a niche option to a core component of urban transport networks.

Integration with Public Transportation Systems

Shared mobility is increasingly being integrated with existing public transportation systems to create seamless, multimodal travel experiences. Users can plan and complete entire journeys across buses, trains, rideshares, and scooters using a single platform. This integration addresses the “first-mile/last-mile” gap, making public transport more accessible and reducing the need for private car use. Mobility-as-a-Service (MaaS) platforms are playing a pivotal role by consolidating multiple transport modes into unified subscription or pay-per-use offerings. Such integration boosts public transport ridership while providing flexibility and convenience. Real-time data sharing between operators and transit agencies enhances scheduling, improves route planning, and minimizes delays. As urban mobility systems become more interconnected, shared mobility will play a central role in comprehensive city transport strategies.

Electrification of Shared Fleets

Environmental sustainability is becoming a key focus, leading to the electrification of shared mobility fleets. Shared cars, scooters, and bikes are being converted to electric variants to reduce emissions and operating costs. Electric vehicles (EVs) offer quieter operation, lower fuel expenses, and fewer maintenance needs, making them well-suited for high-usage shared models. Charging infrastructure is expanding to support this shift, with providers investing in dedicated stations and battery-swapping technologies. Governments and private players are offering incentives to accelerate fleet electrification. The move toward electric shared mobility aligns with broader sustainability goals and enhances brand image among eco-conscious users. As technology matures and costs decline, electrified fleets are set to become the norm in the shared mobility ecosystem.

Segmental Insights

Mobility Type Insights

In 2024, ride sharing emerged as the dominant segment within the shared mobility market, driven by its convenience, affordability, and widespread accessibility. This mode of transport allowed users to book on-demand rides via mobile applications, offering flexibility for both short commutes and longer intercity travel. The appeal of ride sharing stems from its ability to provide a seamless, user-friendly experience without the commitments of vehicle ownership. It addressed the growing urban challenges of congestion, high fuel costs, and limited parking by reducing the number of cars on the road. Consumers found value in the cost-effective nature of splitting fares, while drivers benefited from a source of income using their personal vehicles. The widespread penetration of smartphones and mobile internet contributed significantly to the adoption of ride sharing services, making them accessible to a broad population segment.

Download Free Sample Report

Regional Insights

In 2024, Asia-Pacific led the shared mobility market, driven by urbanization, dense populations, and demand for affordable transport. Overcrowded cities and limited parking made ride-hailing and micro-mobility appealing. High smartphone usage enabled easy access to digital platforms, while flexible pricing and wide coverage attracted diverse users. Governments supported growth with dedicated lanes and pilot zones, aiming to cut congestion and pollution.

Two- and three-wheeler sharing gained traction in metro and semi-urban areas due to low costs. E-scooters and bikes became popular in universities and business hubs for short-distance travel. Seamless switching between buses, metros, and shared rides improved connectivity. Ride-pooling helped cut travel expenses and emissions. With sustainability becoming a policy focus, Asia-Pacific continued to lead innovation in shared mobility.  For instance, India’s bike-taxi market is poised to create 5.4 million jobs by 2030, contributing significantly to the country’s non-farm employment needs. The industry has seen rapid growth, with annual rides increasing from 141 million in 2019 to 318 million in 2023. Many drivers take up bike-taxi services as a secondary source of income, using their own two-wheelers—many of which have been recently upgraded. The market is also seeing a rising shift toward electric two-wheelers by the end of the decade. With lower emissions compared to CNG and diesel autos, bike-taxis offer a greener mobility alternative.

Shared mobility saw strong growth in Europe & CIS in 2024, fueled by environmental policies, high fuel costs, and emissions reduction goals. Consumers favored electric ridesharing and bike-sharing integrated with public transport. Investments in cycling lanes, low-emission zones, and smart city projects accelerated adoption.

Urban users embraced car subscription models and on-demand services, especially in tech-savvy cities. Younger consumers moved away from car ownership in favor of shared solutions that matched eco-conscious lifestyles and digital convenience. For instance, Micromobility and shared mobility are gaining momentum, with European ridership rising by around 15% in 2023 compared to 2022. Notable growth was seen in bike sharing 54% for dockless and 13% for station-based bikes as well as in free-floating car sharing, which surged by 54%, surpassing the previously dominant e-scooter segment that grew just 3%. Despite this momentum, shared services still account for under 3% of total trips. A growing trend toward ownership is also emerging, with personal devices far outnumbering shared ones; for instance, while sharing services in France operate about 40,000 e-scooters, citizens own an estimated 2.5 million. Shared mobility increasingly serves as an entry point, encouraging broader adoption of personal micromobility solutions.

Recent Developments

• In 2024, Free2move launched a unified mobility app combining its services with Share Now, offering access to over 500,000 vehicles worldwide. The app enables flexible rentals and supports smarter, cleaner urban transport.
• In 2025, Rivian launched Also, Inc. as a separate micromobility company focused on electric bikes and scooters. Backed by $105 million in funding, the move expands Rivian’s reach into urban mobility.
• In 2025, Circuit raised $17 million in Series B funding to expand its electric shuttle services, enhance its tech platform, and grow partnerships for sustainable last-mile shared mobility solutions.
• In 2025, Waymo and Toyota formed a strategic partnership to integrate Waymo’s autonomous driving tech into privately owned vehicles, marking Waymo’s first step beyond robotaxis into personal mobility solutions.

Key Market Players

• Uber Technologies Inc.
• Ola Electric Mobility Ltd
• Lyft, Inc.
• Careem
• Bolt Technology OÜ
• Car2Go
• Deutsche Bahn Connect GmbH
• DiDi Chuxing
• Drive Now (BMW)
• EVCARD

Report Scope:

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

•        Shared Mobility Market, By Vehicle Type:

o    Two-wheeler

o    Passenger Car

•        Shared Mobility Market, By Propulsion Type:

o    ICE

o    Electric

•       Shared Mobility Market, By Mobility Type:

o    Ride Sharing

o    Vehicle Leasing

o    Private

•       Shared Mobility Market, By Region:

o    North America

§  United States

§  Canada

§  Mexico

o    Europe & CIS

§  Germany

§  France

§  U.K.

§  Spain

§  Italy

o    Asia-Pacific

§  China

§  Japan

§  India

§  Vietnam

§  South Korea

§  Australia

§  Thailand

o    Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

o    South America

§  Brazil

§  Argentina

§  Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the global Shared Mobility Market.

Available Customizations:

Global Shared Mobility Market report with the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Global 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]