Two Wheeler Shared Mobility Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Propulsion Type (ICE, Electric), By Mobility Type (Ride Sharing, Vehicle Leasing, Private), By Region, By Competition. 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 75.11 Billion
CAGR (2026-2031)	12.74%
Fastest Growing Segment	Electric
Largest Market	Asia Pacific
Market Size (2031)	USD 154.22 Billion

Market Overview

The Global Two Wheeler Shared Mobility Market will grow from USD 75.11 Billion in 2025 to USD 154.22 Billion by 2031 at a 12.74% CAGR. The Global Two Wheeler Shared Mobility Market involves the provision of bicycles, electric bikes, and scooters for short-term rental to facilitate efficient urban transport. This sector is fundamentally driven by the urgent need for cost-effective last-mile connectivity and the global imperative to reduce traffic congestion and carbon emissions. These core drivers are distinct from prevailing market trends such as the increasing integration of artificial intelligence and fleet electrification.

However, the industry encounters a significant challenge regarding fragmented regulatory frameworks and inadequate infrastructure which can impede seamless service expansion. Inconsistent municipal policies concerning parking zones and fleet caps often create operational uncertainty for providers. Illustrating the sector's resilience and robust demand despite these hurdles, according to the North American Bikeshare and Scootershare Association, in 2024, shared micromobility ridership in North America reached a record 225 million trips.

Key Market Drivers

Escalating Urban Traffic Congestion and Demand for Commute Efficiency serves as a primary catalyst for the Global Two Wheeler Shared Mobility Market, as dense metropolitan areas increasingly require agile transportation alternatives. Commuters are actively seeking reliable first-mile and last-mile solutions to bypass gridlock and bridge gaps in public transit networks, necessitating high-frequency bikeshare and scooter systems. This functional dependency drives record utilization rates, particularly in major urban centers where conventional vehicle ownership is becoming less practical. Illustrating this surge in utility-driven demand, according to Lyft Urban Solutions, April 2025, in the 'Smart City USA 2025: Lyft Urban Solutions shares an inside look at Citi Bike NYC' report, the New York City bikeshare system powered over 45 million total rides in 2024, with October alone recording a historic high of 5.2 million trips.

Growing Consumer Shift from Ownership to Mobility-as-a-Service Models is the second critical driver, fundamentally altering revenue streams and operational viability within the sector. Users are increasingly prioritizing the flexibility of pay-per-use access over the fixed costs of vehicle maintenance, insurance, and storage, allowing operators to monetize high-volume fleets effectively. This transition is evident in the robust financial performance of key industry players who have successfully scaled their user base. For instance, according to Lime, February 2025, in the 'Lime Delivers Record Revenue and Profitability' press release, the company achieved a record $810 million in gross bookings for the full year 2024. Further highlighting the market's expansive growth trajectory, according to Voi Technology, February 2025, in the 'Fourth Quarter and Full Year Report 2024', the operator generated annual revenues of EUR 132.8 million, representing a 13% increase year-over-year.

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Key Market Challenges

Fragmented regulatory frameworks and inadequate infrastructure fundamentally constrain the scalability of the Global Two Wheeler Shared Mobility Market. When municipalities enforce inconsistent policies regarding parking zones and fleet caps, operators face severe operational uncertainty that discourages the long-term investment required for network density. Without a cohesive regulatory approach, service providers struggle to establish the seamless connectivity essential for last-mile transport, often resulting in disjointed service areas that fail to meet user demand for reliability and convenience.

These barriers directly impede market penetration by limiting the physical availability of vehicles in high-demand areas. Restrictive caps prevent fleets from reaching the critical mass necessary to become a dependable daily transport option, while poor infrastructure integration leaves vast potential markets underserved. Highlighting the scale of this missed opportunity, according to Cycling Industries Europe, in 2024, approximately 7.3 million citizens in benchmarked European cities still had no access to a bike-sharing scheme despite the sector's broader expansion. This lack of accessibility, driven by regulatory and infrastructural disconnects, significantly hampers the industry's ability to maximize its global ridership potential.

Key Market Trends

Integration of IoT-Based Safety and Compliance Features is fundamentally reshaping the sector as operators deploy advanced sensor technology to navigate complex regulatory environments and secure municipal permits. Beyond basic GPS tracking, providers are increasingly utilizing on-board computer vision and machine learning to detect non-compliant behaviors, such as sidewalk riding and tandem trips, in real-time. This technological evolution effectively reduces liability and addresses city-level concerns regarding public order, directly improving the long-term viability of shared networks. Demonstrating the tangible impact of these interventions, according to Voi Technology, March 2025, in the 'Voi releases its 3rd Safety Report: Driving progress towards Vision Zero', the operator reported a significant improvement in rider security, reducing its accident risk to 3.9 moderate injuries per million kilometers ridden in 2024.

The Rapid Electrification of Shared Two-Wheeler Fleets represents a parallel trend, where the industry is aggressively transitioning from mechanical cycles to high-performance electric vehicles to maximize fleet utilization and user appeal. This shift is characterized by substantial capital injection into next-generation hardware that offers longer range and greater durability, essential for maintaining unit economics in high-frequency urban markets. Investors are actively backing this transition to ensure fleets meet the growing consumer demand for effortless, zero-emission mobility. Highlighting this investment momentum, according to EU-Startups, January 2025, in the 'Pedal power: Forest lands €15.3 million to expand sustainable e-bike fleet' article, the London-based operator Forest secured €15.3 million in Series B funding specifically to introduce three new e-bike models and scale its sustainable operations.

Segmental Insights

The Electric segment is currently the fastest-growing category within the Global Two Wheeler Shared Mobility Market, driven principally by global decarbonization mandates and favorable regulatory frameworks. Governments and municipal authorities worldwide are enforcing strict low-emission zones and offering financial incentives to promote green transportation, effectively discouraging the use of fossil-fuel vehicles. Additionally, fleet operators are prioritizing electric models due to their superior operational efficiency, characterized by significantly lower running costs and minimal maintenance requirements compared to internal combustion alternatives. This strategic shift towards sustainable, cost-effective mobility solutions underpins the rapid expansion of the electric segment globally.

Regional Insights

Asia Pacific holds the dominant position in the global two-wheeler shared mobility market, driven by high population density and the extensive usage of motorcycles for daily commuting. The region benefits from rapid urbanization, which creates a critical demand for efficient last-mile transportation solutions to mitigate severe traffic congestion. Additionally, governments in key markets like China and India are actively implementing frameworks to encourage fleet electrification and reduce vehicular emissions. This regulatory support, combined with the cost advantages of scooter and bike rentals compared to private vehicle ownership, secures the region’s leading status in the industry.

Recent Developments

• In October 2025, Voi Technology commenced operations under a major new contract to provide shared electric bikes in Paris, marking the largest tender win in the company's history. This deployment involved the rollout of a fleet of 6,000 e-bikes to serve the French capital's residents and visitors, reinforcing the operator's presence in key European markets. To support this significant fleet expansion and other strategic growth initiatives, the company successfully issued senior secured bonds worth €40 million. The launch underscored the firm's focus on delivering sustainable, high-capacity shared mobility solutions that are fully integrated with public transport networks.
• In April 2024, Gogoro Inc. entered into a strategic partnership with TSMC, a global semiconductor leader, to advance sustainable urban transportation initiatives in Taiwan. The collaboration involved the introduction of new battery-swapping stations powered entirely by clean energy, marking a significant milestone for the network's infrastructure. Additionally, the partnership included the launch of the GoShare scooter-sharing service in Hsinchu, the headquarters city of the semiconductor company, to provide green mobility options for local residents. This joint effort highlighted a commitment to expanding renewable energy infrastructure and promoting the adoption of electric two-wheelers as a primary mode of shared transport.
• In March 2024, Tier Mobility and Dott completed a financial transaction to merge their operations, creating one of the largest micromobility providers in Europe. The consolidation combined the companies' resources to form a unified entity with a revenue base of €250 million, supporting millions of trips annually across more than 20 countries. Following the closure of the deal, the operators focused on integrating their fleets of electric scooters and bikes under a single technology platform to streamline efficiency. This merger aimed to enhance service reliability for users and partner cities while establishing a sustainable path to profitability in the competitive shared mobility market.
• In February 2024, Yulu, a leading shared electric mobility technology firm, secured an equity investment of $19.25 million from its existing strategic investors, including Magna and Bajaj Auto. This funding round was designed to accelerate the company’s growth trajectory and facilitate the expansion of its market presence across India. The capital infusion was specifically earmarked for product innovation, enabling the launch of new vehicle formats, and for enhancing the technology stack. This development deepened the collaboration between the shared mobility operator and the automotive manufacturer, leveraging their combined expertise in product design and manufacturing to strengthen the electric two-wheeler ecosystem.

Key Market Players

• Uber Technologies Inc.
• ANI Technologies Pvt. Ltd.
• Lyft, Inc.
• Careem
• Bolt Technology OÜ
• Gett
• Enterprise Holdings Inc.
• Europcar
• Curb Mobility
• Rapido

By Propulsion Type	By Mobility Type	By Region
ICE Electric	Ride Sharing Vehicle Leasing Private	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

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

• Two Wheeler Shared Mobility Market, By Propulsion Type:

• ICE
• Electric

• Two Wheeler Shared Mobility Market, By Mobility Type:

• Ride Sharing
• Vehicle Leasing
• Private

• Two Wheeler Shared Mobility Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE