The shared mobility market is estimated to be valued at USD 359.10 Bn in 2025 and is expected to reach USD 834.92 Bn by 2032, growing at a compound annual growth rate (CAGR) of 12.8% from 2025 to 2032. The increasing preference for carpooling and ride-sharing services over private vehicle ownership, especially among the millennial population is driving the growth of this market.
Report Description
Shared mobility is the shared use of a vehicle, bicycle, or other transportation modes. It includes carsharing, ride-sharing, bike sharing, scooter sharing, and other modes of transportation that are shared among users, either concurrently or one after another. Shared mobility helps reduce transportation costs, congestion, and emissions. It offers an alternative to personal car ownership and gives people access to transportation without having to bear the expenses of asset ownership. For people who cannot drive or do not own a vehicle, shared mobility helps meet mobility needs more conveniently than other options.
Market Dynamics
The shared mobility market is driven by factors such as increasing costs of vehicle ownership, rising gasoline prices, environmental concerns over vehicle emissions, and traffic congestion. Stringent emission norms for vehicles and growing awareness about sustainability are pushing people away from personal vehicle ownership towards shared mobility options. The rising demand for flexible mobility on-demand without commitment to own an asset long-term is boosting the market opportunity for shared mobility services. However, lack of seamless integration between various public and private transportation modes poses a challenge for the wider adoption of shared mobility. Also, unclear regulations and policies regarding new mobility business models restrain the market growth. Advancements in connectivity and automation as well as the growing adoption of Mobility as a Service (MaaS) are expected to present significant opportunities for players in the shared mobility market.
Key Features of the Study
Market Segmentation
Table of Contents
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