Japan Shared Mobility Market Size & Outlook, 2023-2040
Japan shared mobility market, 2018-2040 (US$M)
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Japan shared mobility market highlights
- The Japan shared mobility market generated a revenue of USD 16.4 million in 2023 and is expected to reach USD 75.8 million by 2040.
- The Japan market is expected to grow at a CAGR of 9.4% 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 16.4 million |
| Market revenue in 2040 | USD 75.8 million |
| Growth rate | 9.4% (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, Japan accounted for 6.4% 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 Asia Pacific, China shared mobility market is projected to lead the regional market in terms of revenue in 2040.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 58.6 million by 2040.
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Shared Mobility Market Scope
Shared Mobility Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 56.71% in 2023. Horizon Databook has segmented the Japan 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 shared mobility market in Japan has accounted for a significant share in 2022. In urban centers like Tokyo, where space is at a premium and traffic congestion is a common issue, shared mobility solutions have gained traction. Notably, car-sharing services have been successful, offering an alternative to car ownership in a nation where owning a personal vehicle can be costly and cumbersome.
Moreover, electric scooters and bicycles have also seen adoption, catering to the demand for last-mile solutions. However, regulatory challenges, particularly regarding ride-sharing services, have limited their growth.
Nevertheless, the Japanese market has embraced innovative mobility solutions, and as regulations evolve and awareness of sustainable transportation increases, shared mobility is expected to expand further in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan shared mobility market , including forecasts for subscribers. This country databook contains high-level insights into Japan shared mobility market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
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Japan shared mobility market size, by service model, 2018-2040 (US$M)
Japan Shared Mobility Market Outlook Share, 2023 & 2040 (US$M)
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