We are pleased to announce the launch of the new strategy briefing, Megatrends: Sharing Economy - Capitalising on Shared Mobility’s Future Growth. It draws attention to the fast growing shared mobility industry and the direct and indirect opportunities that can be achieved. The report similarly addresses the risks and challenges of shared mobility such as the profitability and government regulations that are holding back the industry’s further growth.
Shared Mobility Gross Bookings and % Y-o-Y Growth, 2016-2040
Some key findings
- Shared mobility’s gross bookings are due to reach USD500 billion by 2040. Growth will be driven by emerging market economies such as Indonesia, China and India. By 2040, four of the five largest shared mobility markets will be emerging and developing nations.
- Ride hailing is the largest and most popular mode of shared mobility. It controls over 80% of gross shared mobility bookings. Uber and Didi Chuxing are the leading ride hailing companies globally in terms of gross bookings.
- The shared mobility industry is embracing electrification. This is expected to open large opportunities for EV manufacturers and deliver new business, such as battery-as-a-service and charging-as-a-service solutions.
Key data points used:
- Shared mobility: Shared mobility gross bookings with forecasts to 2040. Data can be further broken down into five areas of shared mobility:
- Ride hailing
- Ride sharing
- Car sharing
- Bicycle sharing
- Electric scooter sharing