Global Shared Mobility Industry Outlook 2025-2029: Market Set to Cross $619.72 Billion Milestone

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How Large Will the Shared Mobility Market Size By 2025?
In the last few years, the size of the shared mobility market has seen a significant surge. It is set to escalate from $343.24 billion in 2024 to an impressive $380.87 billion in 2025, boasting a compound annual growth rate (CAGR) of 11.0%. Factors such as the rising sales of hybrid electric vehicles (HEVs), a boom in urbanization, heightened instances of vehicle theft, and the shortage of parking spaces have contributed to the growth during the historic period.

How Big Is the Shared Mobility Market Size Expected to Grow by 2029?
Predictions for the shared mobility market size foresee a swift expansion in the coming years. By 2029, it is anticipated to reach $619.72 billion, with a compound annual growth rate (CAGR) of 12.9%. Factors fueling this predicted growth during the forecast period include stringent environmental and emission norms, escalating demand for services such as ride hailing and ride sharing, and the hike in fuel costs. During the forecast period, notable trends will be the emphasis on novel vehicle fleet-sharing platforms, the integration of autonomous vehicle technology, advancements in technology, enhancements of mobility sharing apps, and strategic alliances and collaborations.

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Which Key Market Drivers Powering Shared Mobility Market Expansion and Growth?
The shared mobility market is expected to expand in the forecasted period due to the rising fuel costs. Frequent hikes in fuel prices offer an opportunity for shared mobility platforms, given the increased demand for vehicle fuel, and logistical issues caused by Russia's incursion into Ukraine. Take for instance, the Bureau of Transportation Statistics, a part of the United States Department of Transportation, reported that between January and June 2022 in the USA, there was a 49% rise in the price of regular motor gasoline, and slightly more, a 55% increase, in the price of diesel. Further, in Singapore, petrol prices witnessed almost a 49.95% surge in the first five months of 2022, as compared to the corresponding period last year. Hence, escalating fuel prices are anticipated to boost the growth of the shared mobility market in the forecast period.

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Which Fast-Growing Trends Are Poised to Disrupt the Shared Mobility Market?
The emerging trend of Mobility-as-a-Service is becoming increasingly prevalent in the shared mobility industry. This digital platform allows users to conveniently book and pay for various mobility services all in one place. To stay ahead in the shared mobility market, many key players are aiming to provide this service. Take Carzonrent, for example, an Indian car rental business that has introduced Plug Mobility, an electric Mobility-as-a-Service (MaaS) platform. This eco-friendly platform offers mobility solutions for business travel, transportation for staff, airport taxis, crew transfers and official travel for government and PSU officials. Their primary goal is leading the shift from traditional mobility to electric vehicles and minimizing pollution.

What Are the Emerging Segments in the Shared Mobility Market?
The shared mobilitymarket covered in this report is segmented -

1) By Service: Ride Hailing, Bike Sharing, Ride Sharing, Car Sharing, Other Services
2) By Mobility Vehicle: Cars, Two-wheelers, Others Mobility Vehicles
3) By Business Model: P2P, B2B, B2C

Subsegments:
1) By Ride Hailing: Taxi Services, App-Based Ride Services, Luxury Ride Services
2) By Bike Sharing: Docked Bike Sharing, Dockless Bike Sharing, Electric Bike Sharing
3) By Ride Sharing: Carpooling Services, Vanpooling Services, Dynamic Ride Sharing
4) By Car Sharing: Peer-To-Peer Car Sharing, Traditional Car Sharing, Corporate Car Sharing
5) By Other Services: Shuttle Services, Micro-Mobility Solutions, Integrated Mobility Solutions

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Who Are the Global Leaders in the Shared Mobility Market?
Major companies operating in the shared mobility market include Didi Chuxing Technology Co, Uber Technologies Inc., Avis Budget Group, Lyft Inc., The Hertz Corporation, Grab Taxi Holdings Pvt. Ltd., Deutsche Bahn Connect GmbH, BlaBlaCar, ANI Technologies Private Limited, Cao Cao Mobility, Gojek, Yulu, Zoomcar, Sixt Share, Flinkster, Bolt, Miles, Beryl, Dott, Tier, Voi, Neuron, Hourbike, Veturilo, MOL BuBi, Uklon, CityBee, Skok, Nextbike, Keolis, LimeBike, Mobike, Motivate, Scoot Networks, Transit, Via, Zipcar, Lalamobility, Awto, Ekar, ZayRide, Bole Meter Taxi, Yookoo Ride, Shuttlers, Careem

Which are the Top Profitable Regional Markets for the Shared Mobility Industry?
Asia-Pacific was the largest region in the shared mobility market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the shared mobility market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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