Shared Mobility Market Regional Analysis

Shared Mobility Market size was valued at USD 209.42 Billion in 2023 and is poised to grow from USD 242.51 Billion in 2024 to USD 908.06 Billion by 2032, growing at a CAGR of 15.8% during the forecast period (2025-2032).

Key Vendors in Shared Mobility Market are: ' Car2Go ', 'Deutsche Bahn Connect GmbH ', 'DiDi Global ', 'Drive Now (BMW) ', 'Grab ', 'Green-Go Digital  ', 'Lyft Inc ', 'Uber ', 'Zipcar ', 'Lime ', 'Ola Cabs ', 'GoGet CarShare ', 'Cabify ', 'VOI Technology AB ', 'Turo Inc. ' 

The surge in growth of the automobile industry, as well as the development of an integrated ecosystem within the transportation industry and government strategies to promote shared mobility solutions for avoiding possible congestion on roads, are expected to support the growth of the market over the forecast timeline.

Increased adoption of shared electric mobility, which aids in the reduction of the cost of shared mobility vehicles such as ride-sourcing and ride-sharing because electric vehicles reduce fuel expenses and costs.

Asia Pacific dominated the shared mobility market share in 2021, accounting for the highest revenue share, and is expected to grow significantly over the forecast period due to widespread adoption of technology and the increasing penetration of smart homes in the region. Costs of traffic and car ownership continue to rise in countries such as China and India. These services have a high growth potential in developing countries such as India, where urban populations are growing and transportation infrastructure is being built. As a result, a regulatory environment favourable to their adoption has emerged.