Europe Shared Mobility Market Size & Outlook, 2023-2040
Europe shared mobility market, 2018-2040 (US$M)
Related Markets
Europe shared mobility market highlights
- The Europe shared mobility market generated a revenue of USD 51.4 million in 2023.
- The market is expected to grow at a CAGR of 8.2% 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, Spain is expected to register the highest CAGR from 2024 to 2040.
Europe data book summary
| Market revenue in 2023 | USD 51.4 million |
| Market revenue in 2040 | USD 197.1 million |
| Growth rate | 8.2% (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, Europe region accounted for 20.0% 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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Europe 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 64.79% in 2023. Horizon Databook has segmented the Europe 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.
Europe has been at the forefront of shared mobility trends due to the dense urban areas and well-developed public transportation systems, which have made it convenient for residents to embrace shared mobility options, such as ridesharing, car-sharing, and bike-sharing, as first- or last-mile solutions.
The European Union has actively supported shared mobility by promoting sustainability, contributing to a shift towards electric vehicles and eco-friendly transportation modes. Furthermore, strict emission regulations in European cities have encouraged the adoption of EVs and low-emission shared mobility services.
A strong culture of cycling in cities like Amsterdam and Copenhagen has made bike-sharing services particularly popular. As a result, Europe has seen significant growth in the shared mobility market, with a focus on eco-friendly and integrated multi-modal solutions.
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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 continent-level data and insights on the Europe shared mobility market , including forecasts for subscribers. This continent databook contains high-level insights into Europe shared mobility market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
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Europe shared mobility market size, by country, 2018-2040 (US$M)
Europe Shared Mobility Market Outlook Share, 2023 & 2040 (US$M)
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