Shared Mobility Market Size, Share, By Sector Type (Organized, Unorganized), By Autonomy Level (Manual, Semi-autonomous, Autonomous), By Power Source (Fuel-powered, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle, Battery Electric Vehicle), and By Region - Trends, Analysis and Forecast till 2034

Shared mobility market size was valued at USD 117 Billion in 2024 and is expected to reach USD 237.3 Billion by 2034, growing at a CAGR of 8.1%

The shared mobility market is in the throes of a sea change, redefining the way people get around cities. This budding sector encompasses a great variety of services, including ride-hailing and car-sharing, bike-sharing, and scooter-sharing—the basic common denominator being shared access to transportation assets. At the heart of it, shared mobility attempts to solve critical urban challenges of congestion, pollution, and constraints in parking. By providing efficient and effective alternatives to privately owned cars, it underlines newer and more sustainable ways of moving around the city while ensuring better quality of life. The market has witnessed exponential growth recently due to technological trends, shifting consumer preferences, and enabling regulatory environments. Ride-hailing services have been founded by pioneering companies like Uber and Lyft, totally disrupting traditional taxi industries.

The collaboration of all these players is the key to implementing shared mobility solutions. It is development in technologies such as Artificial Intelligence, Big Data Analytics, and Connected Vehicles that will help drive innovation and bring efficiency to shared mobility services. While the shared mobility market holds huge potential, it also presents its challenges. Issues related to traffic congestion, parking availability, and the safety of drivers all require attention for the long-term sustainability of the industry. Added to this is the fact that regulatory frameworks have to evolve to facilitate the growth of shared mobility and ensure the protection of public safety and consumer interests. The shared mobility market will thus play a vital role in moving the future of urban mobility forward. In offering flexible, efficient, and sustainable mobility options, the market holds an innate capacity to transform cities into livable and environmentally clean areas. Further market maturation can thus be expected to unfold additional innovation and integration of shared mobility services into the wider transportation landscape.

                                      To know More, Request Free Sample Report

Key Drivers of Target Market:

Urbanization and Population Growth

• The rapidly moving processes of urbanization and increasing population density act as a drive for the shared mobility market. As more and more people move to cities, the requirement for faster, costlier, and hassle-free modes of transportation increases. In this context, shared mobility services—like ride-hailing, car-sharing, and bike-sharing—come with solutions to heavy urban environments by reducing the number of vehicles on the road and offering flexible transportation alternatives.

Government Initiatives and Regulations

• Government policies and regulations are very supportive of the shared mobility market. Most governments encourage shared mobility to solve congestion and pollution in cities by incentivizing electric vehicles through policies and creating supporting infrastructure for charging stations. They are also developing regulations supporting ride-sharing or other shared transportation forms.

Restrains:

High Upfront Costs of Electric and Autonomous Vehicles

• While electric and autonomous vehicles are the future of shared mobility, their high upfront costs pose a significant barrier to their mass adoption. The cost of acquiring and servicing these vehicles is higher than conventional fuel-run vehicles, deterring service providers from quickly switching to an electric or autonomous fleet. Furthermore, driverless cars require massive technological, testing, and infrastructure investments.

Opportunities:

Adoption of Electric and Autonomous Vehicles

• The shift to electric and autonomous vehicles is a massive opportunity available to the shared mobility market. With ever-improving technology and declining prices, service providers can tap into the many advantages that come with electric vehicles: lower operating costs, reduced emissions, and access to government incentives. In fully developed and regulated autonomous cars, one may see the game-changers that lead to transformation in shared mobility, proposing safe and efficient on-demand driverless transportation services that can be scalable.

The market is segmented based on Sector Type, Autonomy Level, Power Source, and Region.

Sector Type Insights:

• Organized Sector: Companies and services about the shared mobility market that are run through formal business structures are considered under the organized sector. Normally, these adhere to regulatory standards and provide high service reliability. Such companies are normally registered, licensed, and regulated by the government. They have a managed fleet of well-maintained, covered, and driven by trained and vetted drivers. This includes leading ride-hailing companies like Uber and Lyft, car-sharing firms like Zipcar, and bike-sharing companies like Lime. In most cases, this sector uses online technology platforms that handle reservations, payments, and even tracking—all user-friendly. Most of their services are championed into online platforms, easily accessed through mobile applications, making tracking in real-time very possible, in addition to giving transparent pricing and customer support.
• Unorganized Sector: The unorganized sector includes informal, often unregulated service providers. This may include individual operators or small businesses that offer transportation services without formal registration or adherence to industry standards. The fleets could be poorly maintained, and the service quality can vary. Most often, they do not operate on any advanced technology platform, and transactions are mostly in cash with no digital trails of bookings or payments. In most markets and regions—especially developing countries—the unorganized sector is often the primary mode of shared transport that provides much-needed mobility in places where formal services do not exist.

Autonomy level insights:

• Manual: The manual vehicle is the one that needs a human driver to be full, whereby all tasks of driving, such as steering, acceleration, and braking, are controlled by the driver. In the shared mobility market, manual vehicles rule it, especially in ride-hailing services, car rentals, and traditional taxis. Level 0: These are vehicles that completely rely on the driver's skill and attention; they do not have advanced driver-assistance systems beyond basic features such as cruise control or parking sensors. Their reliance on the human driver introduces safety, efficiency, and service quality variability but gives flexibility when moving through complex traffic environments and dynamic road conditions.
• Semi-autonomous: Semi-autonomous vehicles are equipped with advanced driver-assistance systems, enabling them to take over certain driving tasks, reducing drivers' workload. Most of these vehicles are usually fitted with technologies like adaptive cruise control, lane-keeping assist, automated parking, and, in some cases, even more advanced features such as traffic jam assist. Semi-autonomous vehicles can be much more secure and efficient in the shared mobility market since they minimize human error and drive optimally in certain situations. Still, they require a driver who shall be present and attentive to take control when appropriate. Therefore, Semi-autonomous vehicles are considered a stepping stone toward fully autonomous driving, and some ride-hailing companies are already testing these technologies in their fleets.
• Autonomous: Autonomous vehicles, otherwise called self-driving cars, can run without any interference from a human being. Such vehicles employ a combination of sensors, cameras, radar, and artificial intelligence that enables them to travel on roads, detect obstacles, and make decisions pertaining to driving. Autonomous vehicles in the shared mobility market are all about changing how transport is offered, more so on-demand mobility without a driver. This could help save operational costs and enhance accessibility while reducing traffic accidents that result from human error. Fully autonomous vehicles are still being tested, where giants like Waymo and Tesla have taken lead in their development process. After deployment at scale, they could fundamentally change ride-hailing, car-sharing, and even public transportation systems by providing a seamless and efficient way to move around.

Power Source insights:

• Fuel-powered: The fuel-powered vehicles run on conventional internal combustion engines using gasoline or diesel. These have formed the backbone of the shared mobility market, especially in the unorganized sector and areas where electric vehicle infrastructure is nascent. Fuel-powered vehicles come in a variety of models and are supported by an extensive refueling infrastructure; hence, they are highly convenient for long-distance travel and areas with a poor electric charging network. However, they are increasingly criticized for their environmental impact through greenhouse gas emissions and air pollution. Hence, a move towards power sources that are more environment-friendly is already underway in the shared mobility market.
• Hybrid Electric Vehicle: HEVs combine an internal combustion engine with an electric motor and battery. HEVs can switch between or use the two power sources simultaneously for better fuel economy and reduced emissions. In shared mobility, HEVs serve as a bridge between traditional fuel-run and fully electric vehicles by offering the same benefits of reduced fuel consumption and lower emissions but not requiring the large-scale charging infrastructure prerequisite for EV adoption. In particular, such vehicles are very prominent in ride-hailing services where high fuel efficiency and lesser operation costs are crucial. They also provide a cleaner option for those markets where electric vehicle recharging infrastructure is under development.
• Plug-in Hybrid Electric Vehicle: A plug-in hybrid electric vehicle is similar to an HEV but has the added feature of a larger battery, which can be charged by being plugged into an external power source. A PHEV would run on pure electricity alone for short ranges, with the petrol engine taking over for longer distances or when the battery is empty. Flexible in comparison with today's cars, PHEVs would enable shared mobility operators to offer more flexible and economically efficient services in urban settings characterized by small trips, where the charging infrastructure is installed in an advanced manner. They slash emissions and reliance on fossil fuels, hence placing them in the categories of fleet greening options that companies prefer to adopt without sacrificing operational flexibility.
• Battery Electric Vehicle: A battery electric vehicle is fully powered by an electric motor using energy stored in rechargeable batteries. Since BEVs have zero tailpipe emissions, they are considered the future of sustainable transportation. BEVs have gained some reasonable popularity in the shared mobility market, particularly in urban areas where the development of the required charging infrastructure is more advanced. They hold the advantage of lower operating costs due to reduced environmental impact and, in most cases, are supported by incentives from many governments in the quest for clean energy. A few companies, like Tesla, Nissan, and Chevrolet, mostly dominate the market with their models that provide a reasonable enough range for everyday usage. BEVs are also well-suited for ride-sharing and car-sharing services, whereby the vehicles are frequently used for short trips within city limits.

Regional insights:

• North America: Although developed in nature with regard to shared mobility services, particularly in the United States, where there is ruthless competition between ride-hailing operators such as Uber and Lyft, North America is also the leading region in terms of electric and autonomous vehicles, based on technological and regulatory support. In North America, the status of shared mobility can be characterized by a high degree of organization, convenience, safety, and sustainability.
• Europe: This very mature market in shared mobility in Europe has already created a base with major concerns about sustainability and integration with public transport. Bike-sharing and car-sharing services are leading in this region, with broad coverage in cities like Paris, London, and Berlin. It is also among the first markets to adopt electric vehicles, largely due to strict emission regulations and government incentives.
• Asia-Pacific: The Asia-Pacific region holds the largest and fastest-growing market for shared mobility, owing to high population density, rapid urbanization, and technological adoption. Countries such as China and India see dominance in this region, where both the organized and unorganized sectors have a strong presence. This is also one of the major markets for electric vehicle development and deployment, wherein government policy initiatives attempt to curb pollution and lessen dependence on fossil fuels.
• Latin America: Latin America is currently a developing market for shared mobility and will see tremendous growth in ride-hailing, bike-sharing, and car-sharing activities. Despite being riddled with problems like economic instability and regulatory hurdles, it is seeing increasing investment in shared mobility infrastructure. Electric vehicles are gaining ground very slowly, specifically in countries such as Brazil and Mexico.
• Middle East & Africa: The Middle East & African region is nascent in the shared mobility market, with massive potential for growth in metropolitan cities like Dubai, Riyadh, and Johannesburg. Many innovative city initiatives and public transport are in the process of implementation in this region, which may further catalyze the uptake of shared mobility services. However, challenges remain, such as economic disparities and the pace of infrastructural development.

Shared Mobility Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Sector Type, Autonomy Level, Power Source, and Region.

Segmentation:

By Sector Type:

• Organized
• Unorganized

By Autonomy Level:

• Manual
• Semi-autonomous
• Autonomous

By Power Source:

• Fuel-powered
• Hybrid Electric Vehicle
• Plug-in Hybrid Electric Vehicle
• Battery Electric Vehicle

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Shared Mobility Market include Deutsche Bahn AG, car2go, Uber Technologies Inc., Didi Chuxing Technology Co., Ltd., DriveNow GmbH & Co. KG, ANI Technologies Pvt. Ltd., EvCard (SAIC Group), Greengo Car Europe Ltd., Zipcar, Inc., and Lyft, Inc.

                             To Access More Companies, Download Free Sample PDF

• In June 2024, Uber announced it was expanding autonomous vehicle ride-hailing services in a handful of U.S. cities, including Phoenix and San Francisco, following a pilot program and partnerships with AV technology firms such as Aurora. Uber's AV fleet plan is to bring down operational costs while enhancing safety—this will be done by removing human drivers in certain areas. The service will be expanded to more cities later in the year, making Uber a pioneer in the autonomous shared mobility space.
• In May 2024, Lyft is launching a new subscription-based bike-sharing service, hitting major metropolitan areas across the U.S., including New York, Chicago, and Los Angeles. The company offers unlimited bike rides in exchange for a monthly fee under the branding of "LyftCycle Plus." It indicates that the firm is striding earnestly toward sustainable urban transportation as a part of its more extensive program on shared mobility with reduced carbon footprinting.
• In April 2024, General Motors and Honda announced that they are collaborating on the co-development of a new line of electric vehicles tailored for shared mobility. The pair of cars, to be launched by 2025, will boast advanced connectivity and self-drive capabilities. Relevant, affordable, and efficient EVs will be made available for ride-hailing and car-sharing requirements, therefore rooting from the rise in demand for sustainable means of transportation.

• Deutsche Bahn AG
• car2go
• Uber Technologies Inc
• Didi Chuxing Technology Co., Ltd
• DriveNow GmbH & Co. KG
• ANI Technologies Pvt. Ltd.
• EvCard (SAIC Group)
• Greengo Car Europe Ltd
• Zipcar, Inc
• Lyft, Inc.