Canada Shared Mobility Market Size & Outlook, 2023-2040
Canada shared mobility market, 2018-2040 (US$M)
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Canada shared mobility market highlights
- The Canada shared mobility market generated a revenue of USD 9.7 million in 2023 and is expected to reach USD 48.1 million by 2040.
- The Canada market is expected to grow at a CAGR of 9.9% 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.
Shared mobility market data book summary
| Market revenue in 2023 | USD 9.7 million |
| Market revenue in 2040 | USD 48.1 million |
| Growth rate | 9.9% (CAGR from 2023 to 2040) |
| Largest segment | Ride hailing |
| Fastest growing segment | Bike sharing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 3.8% of the global shared mobility market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2040.
- In North America, U.S. shared mobility market is projected to lead the regional market in terms of revenue in 2040.
- Canada is the fastest growing regional market in North America and is projected to reach USD 48.1 million by 2040.
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Shared Mobility Market Scope
Shared Mobility Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 65.98% in 2023. Horizon Databook has segmented the Canada 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.
Canada's shared mobility market has witnessed prominent growth, primarily due to urbanization and the need for efficient and sustainable transportation solutions, especially in major cities like Toronto, Vancouver, and Montreal. Traffic congestion, limited parking space, and environmental concerns have driven the demand for shared mobility services.
Ride-sharing platforms, including Uber and Lyft, have established a strong presence in these cities, offering residents convenient alternatives to private car ownership. These platforms have become a popular choice for daily commuting and airport transfers. This, in turn, is expected to propel the market growth over the forecast period.
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Our clientele includes a mix of shared mobility market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada shared mobility market , including forecasts for subscribers. This country databook contains high-level insights into Canada shared mobility market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
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Canada shared mobility market size, by service model, 2018-2040 (US$M)
Canada Shared Mobility Market Outlook Share, 2023 & 2040 (US$M)
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