The Shared Mobility Market is Segmented by Type (Ride-Hailing, Car Sharing, and More), Vehicle Type (Passenger Cars, Light Commercial Vehicles, and More), Business Model (Peer-To-Peer (P2P), and More), Propulsion Type (Internal Combustion Engine (ICE), and Electric), Autonomy Level (Human-Driven and Level-4/5 Robo-Taxi), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The global shared mobility market was worth nearly *** trillion U.S. dollars in 2023. The largest share of this revenue, ***** billion U.S. dollars, was generated in the Asia Pacific region. Shared mobility in this instance includes ride-hailing, car and bike sharing, and public transport services.

The global shared mobility market, valued at $294.69 million in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 17.62% from 2025 to 2033. This surge is driven by several key factors. Increasing urbanization and traffic congestion in major cities are compelling consumers to seek efficient and affordable transportation alternatives. The rise of environmentally conscious consumers is fueling the adoption of electric vehicles within the shared mobility sector, leading to a significant increase in demand for e-bikes, e-scooters, and electric ride-hailing services. Furthermore, technological advancements, such as improved ride-sharing apps and integrated mobility platforms, enhance user experience and streamline the booking process, contributing to market expansion. The diverse business models, including B2C, B2B, and P2P platforms, cater to a broad spectrum of users and further contribute to market growth. Ride-hailing services continue to dominate the market, followed by car sharing and shared micromobility options. However, the increasing popularity of rental and leasing services, alongside the growth of shuttle and bus services, presents lucrative opportunities for market players. Geographical expansion also plays a crucial role in the market's growth trajectory. While North America and Europe are currently major contributors, the Asia-Pacific region, particularly India and China, shows immense potential due to rapidly expanding urban populations and increasing disposable incomes. The market is segmented by vehicle type (passenger cars, light commercial vehicles, buses, two-wheelers), business model (B2C, B2B, P2P), and propulsion type (ICE and electric). Competitive dynamics are shaped by a mix of established players like Uber, Lyft, and Didi Chuxing, alongside innovative startups focusing on niche segments. The market faces challenges such as regulatory hurdles in certain regions and concerns around safety and security. Nevertheless, ongoing technological innovation and evolving consumer preferences are poised to propel significant growth in the shared mobility market over the forecast period. Recent developments include: December 2023: CarDekho announced its merger with Revv, an Indian-based mobility service provider, to venture into India's shared car rental services business by combining the expertise of Car Dekho in technological integration and market understanding of Revv. These two companies aim to disrupt the car rental space in India by facilitating a tech-enabled mobility solution to enhance customers' convenience., July 2023: Bolt, a ride-hailing platform operating in the United Kingdom, announced that it had over 100,000 drivers and 9 million passengers registered across 19 cities. Moreover, the company stated that it had surpassed 150 million customers globally across 500 cities and 45 countries., July 2023: inDrive, a bid-based ride-hailing platform, launched its services in South Florida, United States, to tap into the country's massive potential. The company plans to replicate its success in the Latin American market in the United States, which resulted in the company preparing for this expansion strategy. Further, the company is planning to launch its services across 15 cities in Nigeria.. Key drivers for this market are: Increasing Preference of Consumers toward Ride-Hailing Services is Expected to Foster the Growth of the Market. Potential restraints include: Strict Government Regulations to Govern the Shared Mobility Industry Hampers the Growth of the Market. Notable trends are: The Passengers Cars Segment is Expected to Gain Traction Between 2024 and 2029.

Global Shared Mobility Market size is growing with a CAGR of 12.8% in the prediction period and it crosses US$ 834.92 Bn by 2032 from US$ 359.10 Bn in 2025.

The global shared mobility market was valued at USD 96.01 billion in 2021 and is expected to grow at a CAGR of 8.1% during the forecast period.

Shared mobility includes ride hailing, car and bike sharing of various types of vehicle. In 2021, the global shared mobility market size was estimated at *** billion U.S. dollars, which was forecasted to surpass **** trillion by 2028.

The shared mobility market offers diverse product types tailored to user needs, including:

Ride-Hailing: On-demand transportation services connecting passengers with drivers via mobile applications.


Car Sharing: Rental services allowing users to access vehicles on a pay-as-you-go basis for short-term use.


Bike Sharing: Shared bicycle systems enabling users to rent bikes from designated stations.


Public Transit: Mass transportation systems like buses and trains providing shared rides for commuters.


Micro Transit: Compact, on-demand transportation services operating on fixed routes or within specific areas.

Recent developments include: March 2023: Lyft and Spin partner to bring Spin scooters to the Lyft app in 60 U.S. markets. This partnership is designed to make it easier for riders to access a variety of Car-sharing options in one place., April 2023: Lyft acquires PBSC Urban Solutions, a global supply leader for bike share equipment and technology. This acquisition is designed to double up Lyft's scale in micro-mobility and to give it a stronger foothold in the international market., August 2023: Uber launches a new feature called "Uber Reserve" that allows riders to book a ride in advance and reserve it for a specific time. This feature is designed to give riders more peace of mind and to help them avoid surge pricing.. Key drivers for this market are: Urbanization and Population Growth: Increasing population density and urban expansion drive the demand for efficient and flexible transportation.

Environmental Concerns: Growing awareness of environmental sustainability promotes the adoption of shared mobility as an alternative to individual vehicle ownership.. Potential restraints include: Regulatory Barriers: Inconsistent regulations and safety concerns can hinder the growth of shared mobility in certain markets.

Competition: Intense competition among market players and the entry of new entrants can impact profitability.. Notable trends are: Subscription-Based Models: Shared mobility providers are introducing subscription-based plans to enhance customer loyalty and revenue generation.

MaaS (Mobility-as-a-Service): The integration of different transportation modes into a single platform, offering seamless multimodal mobility solutions..

According to Cognitive Market Research, the global Shared Mobility market size will be USD 312840 million in 2025. It will expand at a compound annual growth rate (CAGR) of 16.40% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 62568.00 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.3% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 57875.40 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 164241.00 million in 2025 and will grow at a compound annual growth rate (CAGR) of 17.1% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 10949.40 million in 2025 and will grow at a compound annual growth rate (CAGR) of 16.9% from 2025 to 2033.
The Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 11262.24 million in 2025 and will grow at a compound annual growth rate (CAGR) of 17.2% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 5943.96 million in 2025. and will grow at a compound annual growth rate (CAGR) of 16.6% from 2025 to 2033.
Unorganized sector category is the fastest growing segment of the Shared Mobility industry

Market Dynamics of Shared Mobility Market

Key Drivers for Shared Mobility Market

Urbanization and Traffic Congestion Driving Demand to Boost Market Growth

The rapid pace of urbanization and increasing traffic congestion are major drivers of the Shared Mobility Market. As cities grow, rising vehicle ownership leads to overcrowded roads, longer commute times, and higher emissions. Shared mobility solutions, including ride-hailing, carsharing, bike-sharing, and micro-mobility services, offer a sustainable alternative by reducing the number of private vehicles on the road. Governments worldwide are actively promoting shared mobility through initiatives like dedicated ride-sharing lanes, congestion pricing, and public-private partnerships to ease urban traffic. Additionally, many city dwellers prefer on-demand mobility over car ownership due to the high costs associated with parking, maintenance, and insurance. Companies like Uber, Lyft, and BlaBlaCar are capitalizing on this trend, expanding services to accommodate growing demand. For instance, Grab announced the acquisition of Trans-cab, a taxi operator in Singapore. The acquisition incorporates Trans-cab's maintenance workshop, fuel pump operations, and car rental business. Additionally, the company will launch the Grab Driver application, which will be integrated into mobile display units in Trans-cab taxis.

https://www.grab.com/sg/press/others/grab-to-acquire-trans-cab-through-its-grabrentals-arm/

Rising Focus on Sustainability and Reduced Carbon Emissions to Boost Market Growth

The increasing global emphasis on sustainability and carbon footprint reduction is another key driver of the Shared Mobility Market. Governments and environmental organizations are pushing for cleaner transportation solutions to combat climate change and reduce greenhouse gas (GHG) emissions. Shared mobility services promote the efficient utilization of vehicles, decreasing overall fuel consumption and pollution levels. The integration of electric vehicles (EVs) in shared mobility fleets is further accelerating this transition, with companies investing in electric ride-hailing, e-bike, and e-scooter services. Policies like zero-emission zones, tax incentives for shared EV services, and stricter emission regulations are encouraging both users and providers to adopt eco-friendly mobility solutions.

Restraint Factor for the Shared Mobility Market

Infrastructure Limitations and Traffic Congestion Will Limit Market Growth

Many cities lack dedicated lanes, parking zones, and charging stations for shared mobility services, leading to operational inefficiencies and lower service reliability. In areas with poor road conditions or limited public transport integration, shared mobility solutions struggle to provide seamless connectivity, reducing user adoption rates. Additionally, high traffic congestion in urban centres affects ride-hailing efficiency, increasing travel times and costs, which discourages consumers from usi...

The Shared Mobility Market size was valued at USD 210.3 USD Billion in 2023 and is projected to reach USD 580.16 USD Billion by 2032, exhibiting a CAGR of 15.6 % during the forecast period. Shared mobility is a concept, which encompasses the delivery and usage of transportation services and assets in a way that allows several users to use them as opposed to owning their personal use vehicles. Some of the transport-sharing services include ride-sharing such as Uber and Lyft, car-sharing which includes Zipcar and Car2Go, bike-sharing, which consists of Lime and Citi Bike, and scooter-sharing which are Bird and Spin. Key features include the ability to book and pay through an application interface, the ability to track the car in real-time, and the possibility to get a car with relatively easy access. Applicable areas include business, utilization, traffic control and environmental conservation through providing efficiency, comfort and affordable transport solutions. Organized and integrated transportation systems can help conserve resources and offer a more viable option for cities. Key drivers for this market are: Increasing Demand for Forged Products in Power, Agriculture, Aerospace, and Defense to Drive Industry Expansion. Potential restraints include: Limited Availability of Service Providers May Restrain The Market Growth. Notable trends are: Rising Adoption of Automation in Manufacturing to Drive Market Growth.

Global Shared Mobility market size is expected to reach $619.72 billion by 2029 at 12.9%, segmented as by service, ride hailing, bike sharing, ride sharing, car sharing, other services

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%.

Shared Mobility Market size was valued at USD 209.42 Billion in 2023 and is poised to grow from USD 242.51 Billion in 2024 to USD 908.06 Billion by 2032, growing at a CAGR of 15.8% during the forecast period (2025-2032).

Global Shared Mobility Market is anticipated to experience remarkable expansion, with a projected Compound Annual Growth Rate (CAGR) of 17.41% from 2025 to 2033. According to the market analysis, the market size is forecasted to reach USD 370.80 Billion by the end of 2033, up from USD 87.46 Billion in 2024.

The Global Shared Mobility market size to cross USD 370.8 Billion by 2033. [https://edison

Global shared mobility market is expected to grow at a CAGR of 15.42% and is anticipated to reach around USD 238.03 billion by 2026. Shared mobility is the advanced and innovative transportation service that enables the user to borrow or use the vehicles for short term access.

Shared Mobility Market size was valued at USD 5.69 Billion in 2024 and is projected to reach USD 215.48 Billion by 2032, growing at a CAGR of 57.51% during the forecasted period 2026 to 2032.

Shared Mobility Market: Definition/ Overview

Shared mobility refers to a mode of transportation in which people share vehicles either concurrently, as in ride-sharing, or sequentially, as in car-sharing or bike-sharing. This approach enables customers to use a variety of transportation services as needed, effectively combining parts of private vehicle use and public transportation. Car-sharing services allow users to borrow automobiles for short periods, bike-sharing programs provide public bicycles, and ride-sharing platforms connect drivers and passengers on similar travel routes. These services not only improve accessibility and convenience but also help to minimize traffic congestion and personal vehicle ownership, resulting in more sustainable urban transportation alternatives.

Shared Mobility Market Outlook

According to our latest research, the global shared mobility market size reached USD 319.4 billion in 2024, reflecting a robust expansion in urban transportation alternatives. The industry is projected to grow at a CAGR of 14.2% from 2025 to 2033, reaching a forecasted market size of USD 970.6 billion by 2033. This remarkable growth is driven by rising urbanization, increasing environmental concerns, and the continuous evolution of digital platforms that facilitate seamless access to shared transportation modes. As per our latest research, the shared mobility market is experiencing widespread adoption across various demographics and regions, fueled by the need for cost-effective, flexible, and sustainable mobility solutions.

The primary growth factor propelling the shared mobility market is the rapid urbanization and congestion in metropolitan areas globally. As cities become more densely populated, traditional forms of individual car ownership are proving inefficient and unsustainable. Shared mobility services such as ride-hailing, bike sharing, and car sharing are increasingly seen as viable alternatives that reduce the overall number of vehicles on the road, thus alleviating traffic congestion and lowering carbon emissions. Urban dwellers, especially younger generations, are showing a clear preference for flexible, on-demand transportation solutions over traditional ownership, further accelerating the market’s expansion. Additionally, the integration of real-time data analytics and smart mobility platforms allows for optimized routing and vehicle utilization, enhancing user experience and operational efficiency.

Another significant driver is the growing environmental awareness and regulatory push towards sustainable transportation. Governments worldwide are implementing stringent emission regulations and incentivizing the adoption of eco-friendly mobility solutions. Shared mobility services, particularly those leveraging electric vehicles and micro-mobility options such as e-scooters and e-bikes, are well-positioned to meet these regulatory requirements. The shift towards green mobility is further supported by public-private partnerships and investments in charging infrastructure, making it easier for operators to scale their fleets sustainably. This regulatory environment, coupled with consumer demand for greener alternatives, is catalyzing the growth of the shared mobility market.

Technological advancements constitute another pivotal growth factor. The proliferation of smartphones, high-speed internet, and digital payment systems has revolutionized how consumers access and pay for shared mobility services. Platforms now offer seamless booking, tracking, and payment experiences, increasing convenience and user trust. Advanced algorithms and AI-driven platforms are enabling dynamic pricing, predictive maintenance, and personalized service offerings, all of which contribute to higher adoption rates. Furthermore, the integration of shared mobility with public transportation networks is creating multimodal mobility ecosystems, offering users a seamless end-to-end travel experience and further embedding shared mobility into the fabric of urban transportation.

Regionally, Asia Pacific is emerging as the dominant market for shared mobility, accounting for the largest share in 2024, followed by Europe and North America. The rapid urbanization in countries like China and India, coupled with government initiatives to reduce pollution and traffic congestion, is driving adoption at an unprecedented pace. Europe, with its strong regulatory push for sustainable transportation and well-developed urban infrastructure, is witnessing significant growth, particularly in bike sharing and car sharing segments. North America, characterized by high smartphone penetration and a mature ride-hailing market, continues to innovate with micro-mobility and corporate mobility solutions. Each region presents unique growth opportunities and challenges, shaping the global trajectory of the shared mobility market.

Service Type Analysis

The number of users in the shared mobility market worldwide was modeled to stand at *********** users in 2024. Between 2017 and 2024, the number of users rose by *********** users, though the increase followed an uneven trajectory rather than a consistent upward trend. The number of users will steadily rise by *********** users over the period from 2024 to 2030, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Shared Mobility.

Shared Mobility market is valued at $135 billion in 2024, projected to reach $450 billion by 2034, growing at a 12.8% CAGR from 2025 to 2034.

The size of the Shared Mobility Market was valued at USD 257.76 billion in 2023 and is projected to reach USD 677.34 billion by 2032, with an expected CAGR of 14.8 % during the forecast period. The shared mobility market is growing at a tremendous rate, due to the fact that more people are now opting for sustainable transportation solutions and the increased pace of urbanization, along with technological advancements. Shared mobility is transportation services allowing individuals to use vehicles on demand without owning them, such as car-sharing, ride-hailing, bike-sharing, scooter-sharing, and more. This market is changing the way people move; instead of traditional vehicle ownership, people prefer more flexible, cost-effective, and environmentally friendly alternatives. One of the major drivers of the shared mobility market is the rise of ride-hailing services such as Uber, Lyft, and others. These services will save customers the hassle of using personal vehicles for transportation since most the shared mobility services use mobile apps, thus making car ownership minimal in urban cities with poor traffic and parking conditions. On the other hand, increased usage of EVs in shared mobility service is creating demand for greener transportation alternatives in sync with the rest of the world as a way of combating greenhouse emissions. Increasing car ownership expenses, such as car insurance, maintenance, and fuel; urbanization are factors that fasten the use of shared mobility services.

Explore the growth potential of Market Research Intellect's B2C Shared Mobility Market Report, valued at USD 150 billion in 2024, with a forecasted market size of USD 300 billion by 2033, growing at a CAGR of 8.5% from 2026 to 2033.