Middle East & Africa Shared Mobility Market Size & Outlook
Middle East & Africa shared mobility market, 2018-2040 (US$M)
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MEA shared mobility market highlights
- The MEA shared mobility market generated a revenue of USD 10.8 million in 2023.
- The market is expected to grow at a CAGR of 10.4% 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.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2040.
MEA data book summary
| Market revenue in 2023 | USD 10.8 million |
| Market revenue in 2040 | USD 57.6 million |
| Growth rate | 10.4% (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, MEA region accounted for 4.2% 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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Middle East & Africa 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 59.26% in 2023. Horizon Databook has segmented the Middle East & Africa 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 the Middle East and Africa is expected to grow primarily in urban centers experiencing rapid development and increasing demand for efficient transportation. Cities such as Dubai and Cairo have seen the emergence of ride-sharing services and electric scooters to address traffic congestion and provide residents with affordable transportation options.
Government initiatives in some countries to encourage the adoption of electric vehicles have favored the growth of eco-friendly shared mobility services. However, the expansion of shared mobility in the region is influenced by local regulatory conditions, economic factors, and infrastructural challenges.
In certain cities, public transportation remains the dominant mode of commuting, but shared mobility is gradually gaining acceptance as a complement to existing options, particularly for short trips and last-mile connectivity.
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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 Middle East & Africa shared mobility market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa shared mobility market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
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MEA shared mobility market size, by country, 2018-2040 (US$M)
Middle East & Africa Shared Mobility Market Outlook Share, 2023 & 2040 (US$M)
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