Shared Mobility Market Overview
- Market Size (2023): $200.85 billion
- Projected Market Size (2030): $1181.09 billion
- CAGR (2024-2030): 28.8%
- Definition: Shared mobility refers to services that facilitate shared transport—such as car rentals, e-hailing, carpooling, and bike sharing—offered by organizations utilizing fleets owned by individuals or companies.
- Market Growth Drivers:
- Rapid urbanization
- Environmental concerns
- Economic factors & limited energy resources
- Shift from vehicle ownership to shared transport
- Rising interest in urban air mobility
For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Shared-Mobility-Market/289
Key Market Dynamics
- E-Hailing Market Dominance:
- Investments: Over $95 billion (half of which are focused on three key global players).
- Transition to robo-taxis and shuttles expected to disrupt the market with lower operational costs.
- Investment Trends:
- Over $100 billion invested since 2010 in shared mobility companies.
- 72% of these investments come from venture capital and private equity firms.
- Traditional automotive players account for only 4% of investments, focusing more on in-house services due to concerns about disrupting their core business.
- Shared Micromobility Surge:
- Since 2017, electric scooters and micromobility solutions have attracted $9 billion in investments.
- Number of shared electric scooter rides has grown exponentially (e.g., from 1 million in 2017 to 160 million in 2019).
Trends Driving the Shared Mobility Market
- Subscription Services:
- Growth in flexible vehicle subscription models (e.g., Cluno and Finn.auto) that offer short-term ownership without long-term commitment.
- Companies like Geely and VW now offer cancelable subscriptions at lower fixed costs.
- Electric Bikes as Emerging Mobility Hype:
- Integration of e-bike sharing programs by companies like Lime and FreeNow.
- Cities such as Paris and Cologne have expanded bike lanes, accelerating shared bike adoption.
- Scooter Sharing Growth:
- Global moped sharing grew 58% in one year, with user registrations increasing by 80%.
- Untapped growth opportunities remain across Eastern Europe, the UK, and Italy.
For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Shared-Mobility-Market/289
Regional Insights
- Asia-Pacific (APAC):
- 38% market share driven by the high adoption of private transportation.
- Countries like China, South Korea, and Japan dominate in APAC.
- In China, 33% of consumers see shared mobility as the preferred mode of commuting.
- United States:
- Personal vehicles dominate, particularly for commuting.
- However, adoption of e-hailing is growing, driven by convenience and lower costs.
- China:
- Leading in shared mobility adoption, with 90% of consumers using e-hailing services weekly.
Market Segmentation
- By Type:
- E-hailing: Dominant and fast-growing due to investments in robo-taxis.
- Micromobility: Rapid adoption of scooters and e-bikes.
- Vehicle Sharing: Growing interest, though hampered by high operational costs and logistics challenges.
- By Mode:
- Urban Air Mobility: Emerging market, with aerial transportation pilots underway.
- Car Sharing and Rentals: Limited growth compared to e-hailing and micromobility services.
Conclusion
The shared mobility market is experiencing rapid transformation, shifting consumer preferences from traditional car ownership to shared transportation services. Investments are accelerating in e-hailing and micromobility sectors, with subscription models and urban air mobility gaining traction. As the market scales and autonomous driving technologies mature, it is expected to surpass $1 trillion by 2030.
The focus will remain on developing flexible, affordable, and environmentally sustainable mobility solutions that can reshape urban commuting.
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