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.

The size of the Shared Vehicles Market market was valued at USD 143.5 billion in 2023 and is projected to reach USD 367.99 billion by 2032, with an expected CAGR of 14.4 % during the forecast period. transport services in which the driver of the vehicle and the user of the service may come into contact with one another include the use of cars by sharing, hailing and by bikes, among others in the Shared Vehicles Market. To a certain extent, it targets the urban people who in one way or the other require an affordable, eco-friendly, and easily accessible means of transport that does not involve automobile ownership. They include first and last mile access, rental trips, and one-way rentals as well as Peer-to-Peer car sharing. Some of the driving factors influencing the market include the growth of smart city, heightened awareness of the environment, and mobile devices as well as connectivity. EVs and autonomous vehicle are being incorporated in shared fleets in a bid to improve of Sustainable and Intelligent Transport Systems out of the automobile manufacturing companies. Increase in the demand for shared mobility is also explained by the consumers’ behavior and trends and urbanization.

Shared Mobility Market size was valued at USD 5.69 Billion in 2023 and is projected to reach USD 215.48 Billion by 2031, growing at a CAGR of 57.51% during the forecasted period 2024 to 2031.

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.

The revenue in the 'Shared Vehicles' segment of the shared mobility market in Iran was forecast to continuously increase between 2024 and 2028 by in total 0.8 billion U.S. dollars (+22.16 percent). After the eighth consecutive increasing year, the indicator is estimated to reach 4.45 billion U.S. dollars and therefore a new peak in 2028. The Statista Market Insights cover a broad range of additional markets.

Global Shared Vehicles Market to hit USD 323.54B by 2029 growing at 15.2% CAGR. Explore trends, drivers, and competition for strategic insights with The Business Research Company.

The revenue in the 'Shared Vehicles' segment of the shared mobility market in Poland was forecast to continuously increase between 2024 and 2028 by in total 429.9 million U.S. dollars (+5.26 percent). According to this forecast, in 2028, the indicator will have increased for the seventh consecutive year to 8.6 billion U.S. dollars. Find more in-depth information regarding the average revenue per user (ARPU) concerning the flights segment of the shared mobility market in Italy and the number of users concerning the shared rides segment of the shared mobility market in Europe. The Statista Market Insights cover a broad range of additional markets.

In 2024, the ranking of the world’s largest car brands was topped by Toyota with a market share of around 10.7 percent. The Toyota brand is owned by Japan's Toyota Motor Corporation, the world's largest motor vehicle manufacturer. New trends in the auto industry In light of growing environmental awareness and increasing efforts to connect vehicles, automotive manufacturers are faced with a variety of new challenges. Market trends such as the shift to lighter materials, as well as the trend towards electric and autonomous vehicles are set to revolutionize the industry. Palo Alto-based Tesla Motors is currently among those at the vanguard of the trend towards electrification, along with the Chinese car manufacturer BYD. Tesla delivered nearly 1.79 million vehicles in 2024, meaning that Volkswagen Group's sales tally is over five times as much. The state of the global auto industry Car sales worldwide have dipped between 2019 and 2020 as a result of the economic downturn generated by the COVID-19 pandemic. 2021 sales recovered, despite remaining below 2019 levels, but supply chain shortages led to a slow recovery of sales in 2022. By the end of 2023, the global car sales volume had grown over pre-pandemic levels. China was the largest automobile market based on new passenger car registrations, recording close to 25.8 million units sold. It was followed by the United States and Europe. China was also the leading passenger car producing country in 2023.

Global shared mobility market is expected to revenue of around USD 54.90 billion by 2032, growing at a CAGR of around 28.65% between 2024 and 2032.

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 size and share of the market is categorized based on Type (Fuel Powered, Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV)) and Application (Passenger Transportation, Goods Transportation) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The revenue in the 'Shared Vehicles' segment of the shared mobility market in the United States was forecast to continuously increase between 2024 and 2028 by in total 16.8 billion U.S. dollars (+8.7 percent). After the eighth consecutive increasing year, the indicator is estimated to reach 209.81 billion U.S. dollars and therefore a new peak in 2028. The Statista Market Insights cover a broad range of additional markets.

The car sharing industry has seen substantial growth as environmental awareness rises. Consumers increasingly opt for sustainable transport, supported by technological advancements in smartphones and connected vehicles. Municipal governments in cities like Washington, DC, New York City, Boston and Chicago have become strong advocates, providing key contracts and support to car sharing providers. Over the past five years, revenue has grown at a CAGR of 2.8%, reaching $1.4 billion, with an anticipated 2.2% rise in 2024. Research from UC Berkeley in 2018 brought attention to an essential behavioral shift: People using car sharing services often sold their vehicles or decided not to purchase new ones. This trend highlights car sharing's impact on reducing the number of cars on the road and cutting CO2 emissions. Leading companies such as Zipcar and Enterprise CarShare have reinforced their operations, leveraging public sector contracts and implementing technological innovations to improve fleet management and user experience. These businesses benefit from economies of scale, enabling them to profit and compete effectively with ride-sharing companies like Uber. Car sharing operators appear set for further change. They will diversify their fleets with electric and hybrid vehicles, spurred by rising consumer demand for greener transport options and government incentives to reduce emissions. Autonomous cars will also potentially transform the industry, offering convenience and reliability. Competition from ride-sharing services is expected to strengthen, pushing car sharing companies to continuously innovate to maintain their market position. Established car rental firms and auto manufacturers will likely drive future expansion, using their resources to enhance vehicle offerings and user experiences. Revenue is forecast to grow at a CAGR of 1.5%, reaching $1.5 billion by 2029.

The report covers Global Internet of Cars Market Forecast and it is segmented by Software Solutions (Real-Time Transit Management System, Security Solution, Remote Monitoring Systems, Network Bandwidth Management, Fleet Management), Applications (Mobility Management, Vehicle Management, Integrated Entertainment), End-user (Transportation and Logistics, Automotive), and Geography (North America, Europe, Asia Pacific, Rest of World). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

The Driveline Systems for Electric Vehicle Market has been segmented by Architecture Type (Series, Parallel, Power Split), Transmission Type (Automatic Transmission, Dual-clutch Transmission, Electric-continuously Variable Transmission), Motor Type (45-100 kW, 101-250 kW, Greater than 250 kW), Drive Type (Front Wheel Drive, Rear Wheel Drive, and All Wheel Drive), Vehicle Type (Hybrid Vehicles, Plug-in Hybrid Vehicles, Battery Electric Vehicles), and Geography.

The Asia-Pacific Automotive High-Performance Electric Vehicles Market is segmented by Propulsion Type (Plug-in Hybrid and Pure Electric), Vehicle Type (Passenger Cars and Commercial Vehicles), and by Country (China, Japan, India, South Korea, and the Rest of Asia-Pacific). The report offers market size and forecasts Asia-Pacific Automotive High-Performance Electric Vehicles in terms of value (USD Billion) for all the above segments.

The revenue is forecast to experience significant growth in all segments in 2028. As part of the positive trend, the indicator reaches the maximum value for all three different segments at the end of the comparison period. Particularly noteworthy is the segment Flights, which has the highest value of 754.38 million U.S. dollars. The Statista Market Insights cover a broad range of additional markets.

The Report Covers the US Autonomous Vehicle Market and Its Growth. It is Segmented by Type (Fully Autonomous Vehicles and Semi-Autonomous Vehicles), Sensor (Lidar, Radar, Ultrasonic, and Other Sensors), and Level of Automation (Conditional Automation (Level 3), High Automation (Level 4), and Full Automation (Level 5)). The Report Offers Market Sizing and Forecasts in Value (USD) for all the Above Segments.

The autonomous vehicle market size is projected to grow from USD 916.9 billion in 2024 to USD 19,336.8 billion by 2035, representing a CAGR of 31.95%, during the forecast period till 2035.

The Australia autonomous vehicles market size reached USD 1.34 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 15.78 Billion by 2033, exhibiting a growth rate (CAGR) of 28.80% during 2025-2033. The Australia autonomous vehicles market share is expanding, driven by the rising pressure to reduce carbon emissions, favorable government policies focusing on the implementation of road safety measures, continual improvements in sensor and camera technologies and smart infrastructure, and the increasing number of collaborations between automotive and tech companies.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on propulsion type, level, and vehicle type.

The South America Automotive High Performance Electric Vehicles Market Report is segmented by Drive Type (Plug-in Hybrid and Battery or Pure Electric), Vehicle Type (Passenger Cars and Commercial Vehicles), and Country.