The shared mobility industry is expected to reach USD500 billion in gross bookings by 2040. It will be driven primarily by emerging and developing markets who are gaining from rising urbanisation, increasing incomes and growing internet access. The industry will open numerous opportunities, for both shared mobility providers and other industries such as financial services companies and automakers. However, managing risks and challenges will be vital to navigating the industry’s future growth.
This report comes in PPT.
Shared mobility’s gross bookings are due to reach USD500 billion by 2040. Growth will be driven by emerging market economies such as Indonesia, China and India. By 2040, four of the five largest shared mobility markets will be emerging and developing nations.
Asia Pacific is the largest shared mobility market. By 2040, it will account for 51% of global shared mobility bookings. China will cement its position as the largest market for shared mobility. By 2040, the country will account for 28% of global shared mobility gross bookings.
Ride hailing is the largest and most popular mode of shared mobility. It controls over 80% of gross shared mobility bookings. Uber and Didi Chuxing are the leading ride hailing companies globally in terms of gross bookings.
Scooter and bicycle sharing are expected to be the fastest growing modes of shared mobility over 2021-2040. This comes as governments seek to reduce personal car travel in favour of electric and non-motorised travel.
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