Asia Pacific Shared Mobility Market Size & Outlook
Asia Pacific shared mobility market, 2018-2040 (US$M)
Related Markets
Asia Pacific shared mobility market highlights
- The Asia Pacific shared mobility market generated a revenue of USD 124.7 million in 2023.
- The market is expected to grow at a CAGR of 9.8% from 2024 to 2040.
- In terms of segment, ride hailing was the largest revenue generating service model in 2023.
- Bike sharing is the most lucrative service model segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2040.
Asia Pacific data book summary
| Market revenue in 2023 | USD 124.7 million |
| Market revenue in 2040 | USD 612.0 million |
| Growth rate | 9.8% (CAGR from 2023 to 2040) |
| Largest segment | Ride hailing |
| Fastest growing segment | Bike sharing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2040 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ride hailing, Bike sharing, Ride sharing, Car sharing |
| Key market players worldwide | Beijing Enterprises Holdings Ltd, Bayerische Motoren Werke AG, Grab Holdings Inc Class A, GreenGood Eco-Tech, Lyft Inc Class A, Uber Technologies Inc, Avis Budget Group Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 48.4% of the global shared mobility market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2040.
- MEA is the fastest growing regional market and is projected to reach USD 57.6 million by 2040.
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Shared Mobility Market Scope
Shared Mobility Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific shared mobility market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to shared mobility market will help companies and investors design strategic landscapes.
Ride hailing was the largest segment with a revenue share of 57.9% in 2023. Horizon Databook has segmented the Asia Pacific shared mobility market based on ride hailing, bike sharing, ride sharing, car sharing covering the revenue growth of each sub-segment from 2018 to 2040.
The Asia Pacific region has dominated the Shared Mobility Market in 2022, owing to the rapid urbanization and population growth in major cities, which have given rise to traffic congestion and the need for efficient transportation solutions.
The region's focus on innovation, high smartphone penetration, and digital payment systems have created an environment conducive to the growth of ridesharing, bike-sharing, and electric scooter services. Moreover, governments and municipalities have recognized shared mobility to address urban congestion and pollution, leading to regulatory support.
In addition, a strong focus on environmental sustainability and the adoption of electric vehicles has driven the growth of eco-friendly shared mobility services. As a result, Asia Pacific has dominated the market, offering a wide range of shared mobility options tailored to the diverse needs of its urban populations.
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Our clientele includes a mix of shared mobility market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific shared mobility market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific shared mobility market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
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Asia Pacific shared mobility market size, by country, 2018-2040 (US$M)
Asia Pacific Shared Mobility Market Outlook Share, 2023 & 2040 (US$M)
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