UAE Shared Mobility Market Size | Industry Demand, Trends, Growth and Its Emerging Opportunities by 2026

According to MarkNtel Advisors' research report, "UAE Shared Mobility Market Analysis, 2021," the market is likely to grow at a CAGR of 25.1% in the forecast period of 2021-26. It owes prominently to the rapidly surging use of smartphones & connected vehicles, accompanied by a towering problem of traffic congestion in leading cities throughout the UAE. Besides, the booming fuel costs are amongst other essential reasons propelling people to shift toward alternative transportation solutions. Hence, considering these factors, the market is likely to witness escalating growth during the forecast period.

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Key questions answered in the study
1. What are the current and future trends in the UAE Shared Mobility Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the UAE Shared Mobility Market?
5. What is the customer orientation, purchase behavior, and expectations from the UAE Shared Mobility Market service providers across various regions?

Occasional Commuting Exhibits Fastest Growth

Based on the Commuting Pattern, the UAE Shared Mobility Market segments into Daily Commuting, Last-Mile Connectivity, Occasional Commuting, and Others. Of them all, Occasional Commuting Services are more likely to witness the fastest growth in the forecast period of 2021-26. It owes primarily to the mobility pattern driven by the lower-middle-class population. It is popular within the class due to its low per capita income. Therefore, the segment is likely to attain a robust pace in the forecast period.

Car Sharing Attains the Largest Share

Amongst the Service Type, the UAE Shared Mobility Market segments into Two-Wheeler Sharing, Ride-Hailing, Ridesharing, Car Rental, Car Sharing, and Bus/Shuttle Service. Here, Car Sharing is more likely to witness the largest market share and a substantial rise in demand during the forecast period of 2021-26. The rising prominence of the free-floating model in developed countries because of benefits like flexibility & spontaneity is supporting the segment to attain the largest share in the forecast period, reveals MarkNtel Advisors in their research report, "UAE Shared Mobility Market Analysis, 2021."

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"UAE Shared Mobility Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Shared Mobility providers across the region. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

According to MarkNtel Advisors, the leading players in the UAE Shared Mobility Market are Uber, DiDi Chuxing, Drive now, Lyft, Ekar, Udrive, etc. The pay-per-minute model, operated by Ekar and Udrive, is the fastest growing shared mobility segment in the UAE, further aided by the government through free RTA parking, thus boosting the growth of the Shared Mobility market.

Market Segmentation:
1. By Service Type (Two-Wheeler Sharing, Ride-Hailing, Ridesharing, Car Rental, Car Sharing, Bus/Shuttle Service)
2. By Commuting Pattern (Daily Commuting, Last-Mile Connectivity, Occasional Commuting, Others)
3. By Model Type (P2P, B2B, B2C)
4. By Competitors (Uber, DiDi Chuxing, Drive now, Lyft, Ekar, Udrive)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.