The briefing provides an overview of the shared mobility market, by taking global, regional and country-level perspectives on trends over the historic and forecast periods. It also touches on the different segments of shared mobility: ride hailing, car sharing, ride sharing, bike sharing and scooter sharing, and the changing market dynamics of each industry. Finally, it provides an overview of the five major trends impacting the shared mobility industry with case studies to illustrate.
This report comes in PPT.
The shared mobility market is growing and is expected to continue rising over the forecast period, pushed by the need for on-demand transport. Yet the industry is projected to record single-digit growth by 2024 as the industry matures. This could push more mergers and acquisitions activities to boost growth opportunities.
Both China and the US are the key global markets for shared mobility. Together, the two accounted for 56% of global shared mobility gross bookings in 2021. Ride hailing is the most popular shared mobility mode in the two countries, accounting for 87.6% and 77.0%, respectively.
Southeast Asian economies such as Indonesia and Thailand are anticipated to lead the growth in shared mobility bookings over 2021-2026. Rising disposable incomes, growing use of smartphones, coupled with poor public transport provision are some of the factors raising demand.
China’s Didi Chuxing and the US’s Uber are the leading shared mobility companies focused on ride hailing. They accounted for 40% of global shared mobility gross bookings in 2021. However, they are being challenged by regulations and growing competition which has seen their market share drop in 2021 compared with 2016.
Micro-mobility is expected to account for a greater proportion of shared mobility gross bookings in the future as the shift away from private passenger car travel continues. This will be influenced by improving infrastructure and rising urbanisation.
All vehicles captured by Euromonitor's vehicle volume sales data, i.e. light vehicles -passenger cars and light commercial vehicles combined. Medium and heavy-duty trucks and buses are not covered.
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