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Global Shared Mobility Market Is Expected To Reach $138.7 Billion By 2023

Lucintel forecasts that the car-sharing and bike-sharing segment will show above-average growth during the forecast period.

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Lucintel forecasts that the car-sharing and bike-sharing segment will show above-average growth during the forecast period.


According to a new market report published by Lucintel, the future of the global shared mobility market looks promising, with opportunities in the ride-, car- and bike-sharing. 

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The global shared mobility market is expected to reach an estimated $138.7 billion by 2023 with a compound annual growth rate (CAGR) of 15.2 percent from 2018 to 2023. According to Lucintel, the major drivers for this market are low cost and ease of use services, increasing traffic congestion, parking issues and environmental concerns. Lucintel forecasts that the car-sharing and bike-sharing segment will show above-average growth during the forecast period.

Asia-Pacific will remain the largest region and also is expected to witness the highest growth over the forecast period due to the governmental initiatives to reduce carbon emissions and traffic congestion in the region.

Emerging trends, which have a direct impact on the dynamics of the shared mobility industry, include rise of micro mobility services, emergence of specialized suppliers to integrate technology and services and increasing adaptation of electric vehicles. Uber Technologies, DiDi Chuxing Technology, Lyft, Daimler, Grab Taxi, BlaBlaCar, ANI Technology, Zipcar, Ofo and Mobiko and others are among the major shared mobility manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the global shared mobility market by mode of sharing, booking type, vehicle type, customer type, and region and shares this information in a comprehensive research report titled  “Growth Opportunities in the Global Shared Mobility Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global shared mobility market by mode of sharing, booking type, vehicle type, customer type, and region.

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For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at [email protected]

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