Shared Mobility Market By Service Model (Ride-Hailing, Car Sharing, Bike Sharing, Scooter Sharing, Car Rental, Ride Sharing, micro-transit, Corporate Mobility Services, Public Transit Integration), By Vehicle Type (Passenger Cars, Two-Wheelers, Light Commercial Vehicles (LCVs), Electric Vehicles (EVs), Autonomous Vehicles), By Booking Mode (Online, Offline, Integrated with Transit Apps (MaaS)), By User Type (Individual Consumers, Corporate Users, Tourists, Delivery and Gig Workers), By Propulsion Type (Internal Combustion Engine (ICE), Electric Vehicles (EV), Hybrid Vehicles, Hydrogen Fuel Cell Vehicles), By End User (Daily Commuting, Last-mile Connectivity, Leisure, Corporate Transport, Delivery Services), Global Market Size, Segmental analysis, Regional Overview, Company share analysis, Leading Company Profiles and Market Forecast, 2025 – 2035

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Industry Outlook

The Shared Mobility Market accounted for USD 284.32 Billion in 2024 and USD 325.23 Billion in 2025 is expected to reach USD 1247.60 Billion by 2035, growing at a CAGR of around 14.39% between 2025 and 2035.  Shared mobility means the use of the services of transport, which are shared, whereby several people can use vehicles such as cars, bikes, scooters, or even public transport for a temporary period, in most cases through online platforms or apps. Instead of owning a vehicle, the population can use ride-sharing, car sharing, or bike sharing, according to their needs, which makes travelling more flexible, affordable, and efficient. The shared mobility market is expanding sharply as urbanization increases, there is traffic congestion, the fuel price rises, and a trend towards eco-friendly transport solutions. Backed by technology, mobile applications, and smart infrastructure, shared mobility is becoming a significant element of modern city transportation systems that allow cities to mitigate pollution, control traffic better, and present citizens with more convenient mobility opportunities.

Industry Experts Opinion

‘’Shared mobility is coming, but car ownership will continue to grow in India, especially because of our vast size and improving infrastructure. While shared mobility may reduce the rate of growth, it will not diminish the absolute number of car buyers.’’

• Anand Mahindra, Chairman of Mahindra & Mahindra

Report Scope:

Market Dynamics

Rising urban traffic congestion is pushing people toward shared mobility solutions.

Consumers and governments are adopting shared mobility options, such as ride-hailing, car-sharing, and bike-sharing, in response to growing concerns about increasing traffic congestion, parking scarcity, and other environmental challenges. In metropolitan environments where traffic jams and fuel prices are always increasing, consumers are looking for more affordable and adaptable options to owning a car. The advent of smartphone apps and real-time tracking is an example of technical advancements that have increased the effectiveness and dependability of shared transportation. The younger population is strongly opposed to ownership and aligns its values with sustainability goals.

Reports by the International Transport Forum (ITF) in 2023 stated that a wide-scale adoption of shared mobility can reduce urban vehicle traffic by up to 30%. Countries are encouraging the development of these services to lessen emissions and further the planning of urban mobility, laying out policy frameworks and creating the necessary infrastructure to support this burgeoning market. Another cause of the shift remains fuel price increments and awareness of carbon footprints. The integration of electric vehicles into shared fleets further underscores the green factor. City growth will pave the way for shared mobility to become an integral part of urban transport ecosystems.

Growing smartphone and internet penetration support app-based ride-sharing and rentals.

Rapid increase of smartphone and internet penetration are key enablers to the shared mobility market, particularly in urban and semi-urban setups where digital connectivity is increasingly being adopted. As a result of the increased supply of cheap smartphones and mobile data, access to app-based transportation such as ride-sharing, car leasing, and bike sharing has become more achievable for people. With as few as 3 taps, a user could book a ride, monitor vehicles from real-time views, and pay using digital payment techniques, all from the comfort of their mobile devices. This convenience eliminates the usual barriers to transportation, particularly for those with no automobile and who do not want to drive. The simplicity of user experience facilitated by a 24/7 duration makes app-based services extremely attractive for both routine commuting and spontaneous traveling.

While internet penetration continues to grow, even in the developing world, shared mobility companies continue to venture into new markets such as tier 2 and tier 3 cities. Mobile apps integration of GPS, digital payments, and customer feedback enhances further user trust and service quality. Also, as more and more people use social media and digital platforms, more companies can connect with new consumers through specific promotions and application-based referral programs. The digital nature of these services makes fleet management efficient, routes are optimized, and there are up-to-date updates that increase their efficiency and reliability. As a whole, the growth in dependence on smartphones, as well as internet connectivity, is a key part of the global shared mobility services’ uprising process.

Regulatory and legal challenges across different regions slow down market growth.

Regulatory and legal challenges across different regions act as significant restraints on the growth of the shared mobility market. Since shared mobility services often operate across cities, states, and even countries, they must comply with a wide variety of transportation laws, licensing rules, and local government policies. These regulations can differ greatly, making it difficult for companies to expand smoothly or maintain consistent service levels. In some regions, strict rules related to vehicle permits, driver background checks, or ride fare limits create operational hurdles.

Legal uncertainties about insurance coverage, liability in accidents, and the classification of drivers (as employees or contractors) add further complications to business models, slowing down decision-making and service rollout. To compliance issues, sudden policy changes or restrictions such as bans on ride-sharing apps, limits on the number of shared vehicles, or zoning regulations for parking shared bikes and scooters can disrupt service operations and affect customer trust. Different interpretations of labour laws also impact how companies manage driver relations and pay structures, often leading to lawsuits or regulatory fines. These legal complexities increase the cost of doing business but also deter new entrants and investors from entering certain markets. As a result, regulatory and legal challenges remain one of the key barriers holding back the full potential and expansion of the shared mobility market globally.

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Rising adoption of electric vehicles (EVs) in shared fleets presents a sustainable growth path.

The growing use of electric vehicles (EVs) in shared fleets presents a significant opportunity for sustainable growth in the shared mobility market. As environmental concerns develop and governments shift public transport networks to cleaner alternatives, the integration of EVs in shared services helps to limit carbon emissions and advance green travel and mobility.

EVs can be used in both ride-hailing and car-sharing as well as bicycle/scooter-sharing platforms because EVs have low operational costs, are less noisy, and with fewer maintenance issues in comparison with traditional fuel vehicles. A large number of mobility corporations are already collaborating with EV makers or are creating their electric fleets to stay aligned with sustainability goals, as well as to respond to the changing preferences of consumers. Such government incentives as tax benefits, subsidies, and charging station infrastructure construction further promote the use of electric vehicles in fleet sharing.

Green cities that support low-emission zones and green urban environments also make a good foundation for EV-based mobility solutions. The increase in customers’ preferences for electric rides is due to their environmentally friendly nature and the more convenient ride. With better batteries and the establishment of charging networks, the scale of operational efficiency of electric fleets will grow. This change not only contributes to the global objectives for tackling the climate challenge but also creates new opportunities for innovation and sustainable profits in the shared mobility market.

Smart city initiatives worldwide create new spaces for shared mobility services.

Smart city programs around the globe present excellent possibilities for the development of shared mobility services. While governments are investing in producing smarter and more connected urban environments, they are also marketing sustainable and efficient transportation systems. Shared mobility complements perfectly such a vision with flexible, tech-enabled modes of transport that cut congestion, environment-damaging pollution, and personal reliance on private cars. Smart cities tend to have special infrastructure like bike tracks, EV chargers, and traffic management systems that work directly to support and strengthen the quality of shared mobility services such as biking, motorized ride-sharing, and electric scooter rentals.

Smart cities depend on data-based planning and an Internet of Things (IoT) concept, which is consistent with the integral strengths of shared mobility platforms. These services gather current data on patterns of travel, use of vehicles, and customer conduct, which assists the city designers in making sounder planning decisions regarding urban transport. Cooperation between municipalities and providers of mobility is becoming more common, providing combined services such as Mobility-as-a-Service (MaaS), which integrates public transport with private mobility offers via a single application. With the increasing adoption of smart mobility concepts into cities, the need to provide innovative, shared, and sustainable transportation systems will increase, leading to new shared mobility providers market opportunities.

Segment Analysis

Based on the Service Model, the Shared Mobility Market is segmented into ride-hailing, car sharing, bike sharing, scooter sharing, car rental, ride-sharing, micro-transit, corporate mobility services, and public transit integration. The leading segment of the shared mobility market currently is ride-hailing because of the popularity and convenient nature of the type of transportation. Firms such as Uber and Lyft have transformed urban transport services by introducing on-demand and flexible services that do not require an individual to own a car. Their global expansion, technologies, and full coordination with other systems of transport (bikes and scooters) have made ride-hailing a popular choice for many consumers. As the demand for cheap and flexible means of transport increases, ride-hailing services remain the biggest players in the market, particularly for highly populated urban areas.

Based on Vehicle Type, the Shared Mobility Market is segmented into passenger cars, two-wheelers, light commercial vehicles (LCVs), electric vehicles (EVs), and autonomous vehicles. The passenger cars segment leads the market with the highest share, since these are the dominant type of vehicles used in services such as ride-hailing, car sharing, and rentals. Passenger cars are preferred for their comfort, volume, safety aspects, and suitability for short and long-distance travelling. As electric and two-wheeler vehicles are picking up in crowded areas and for last-mile connectivity, Passenger cars continue to lead despite infrastructure preparedness, preference of customers for enclosed vehicles, and their capability to address a basket of customer needs across various geographies.

Regional Analysis

The North American shared mobility market is mature and also expanding at a continuous rate, backed up by an effective digital framework and high smartphone penetration. Ride-hailing services such as Uber and Lyft are prevalent in larger cities in the U.S. and Canada; hence, they are major players in the region. Car-sharing and micro-mobility facilities, including E-scooters and bike-sharing, are also popular in urban centres, underpinned by smart city projects. The attention paid to mitigating traffic congestion and carbon emissions has brought investment in electric and autonomous shared vehicles. In addition, corporate mobility services are picking up momentum as companies also look for lasting solutions for commuting employees. Government backing and great regulations, as well as increased environmental awareness, are further increasing the market’s expansion and creative directions.

The Asia Pacific shared mobility market is experiencing a growth rate because of the high rate of urbanization, high population, and increased demand for cheap modes of transport. Major contributors to this boom are such as China, India, and Southeast Asian countries. Hailing ride services like Uber, Grab, Gojek, and Ola are gaining momentum, and scooter-sharing sharing, and bike-sharing are very popular for last-mile connectivity in congested cities. The area also indicates high trends of electric vehicles and app-based mobility solutions through government clean transport policies. The high number of shared mobility users due to low vehicle ownership in most of the cities, and the growing smartphone subscriber base have made shared mobility a viable and scalable proposition for millions, The Asia-Pacific region then becomes a highly dynamic and competitive market.

Competitive Landscape

The shared mobility market competitive space is dynamic and fragmented, including big global players and regional participants competing in different service models. Companies such as Uber, Lyft, DiDi, Grab, and Ola dominate the ride-hailing portion, Zipcar stands out for car sharing, and Getaround and Turo are well-known brands in car sharing. In the space of micro-mobility, Lime, Bird, and Spin are major players in the bike and scooter-sharing business. These companies continuously invest in technology, user experience, and growth in the fleet to take a share of the market. The market also experiences increasing participation from automotive manufacturers and tech companies coming in through partnership or by launching their mobility platforms. As sustainability and urban mobility are becoming the highest priority, the aspects of innovation, affordability, and regulatory compliance continue to play a necessary role in preserving a competitive edge.

Shared Mobility Market, Company Shares Analysis, 2024

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Recent Developments:

• In September 2024, Wunder Mobility Acquired GoUrban, Empowers Entrepreneurs and Cities with the Next Generation of Shared Mobility Tech Platforms.

Report Coverage:

By Service Model

• Ride Hailing
  • Car Sharing
  • Bike Sharing
  • Scooter Sharing
• Car Rental
  • Ride Sharing
  • Microtransit
  • Corporate Mobility Services
  • Public Transit Integration

By Vehicle Type

• Passenger Cars
• Two-Wheelers
• Light Commercial Vehicles (LCVs)
• Electric Vehicles (EVs)
• Autonomous Vehicles

By Booking Mode

• Online
• Offline
• Integrated with Transit Apps (MaaS)

By User Type

• Individual Consumers
• Corporate Users
• Tourists
• Delivery and Gig Workers

By Propulsion Type

• Internal Combustion Engine (ICE)
• Electric Vehicles (EV)
• Hybrid Vehicles
• Hydrogen Fuel Cell Vehicles

By End Use

• Daily Commuting
• Last-mile Connectivity
• Leisure
• Corporate Transport
• Delivery Services

By Region

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Singapore
• Rest of Asia Pacific

Latin America

• Brazil
• Argentina
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC Countries
• South Africa
• Rest of the Middle East & Africa

List of Companies:

• Uber
• Lyft
• BlaBlaCar
• Grab
• Ola
• DiDi Chuxing
• Bolt
• Gett
• Zipcar
• Turo
• GoTo Global
• Careem
• Car2Go
• Lime
• Bird

Frequently Asked Questions (FAQs)