North America Shared Mobility Market Size & Outlook
North America shared mobility market, 2018-2040 (US$M)
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North America shared mobility market highlights
- The North America shared mobility market generated a revenue of USD 59.8 million in 2023.
- The market is expected to grow at a CAGR of 8.6% 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, Canada is expected to register the highest CAGR from 2024 to 2040.
North America data book summary
| Market revenue in 2023 | USD 59.8 million |
| Market revenue in 2040 | USD 242.4 million |
| Growth rate | 8.6% (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, North America region accounted for 23.2% 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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North America 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 62.71% in 2023. Horizon Databook has segmented the North America 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 North America has experienced substantial growth due to several key factors, such as the region's highly urbanized cities, such as New York, Los Angeles, and Toronto, which face issues of traffic congestion and limited parking. This has driven demand for convenient, cost effective, and sustainable transportation solutions.
Additionally, a culture of innovation and technology adoption has led to the rise of ride-sharing platforms, electric scooters, and bike-sharing services in the region, boosting the market’s growth. Major players like Uber and Lyft have helped shape the market.
Furthermore, regulatory support and increasing environmental consciousness have favored the expansion of electric vehicle adoption, driving the growth of eco-friendly shared mobility services in the region. As a result, North America has become a hub for shared mobility, with users embracing options ranging from car-sharing to micro mobility solutions. This, in turn, is expected to fuel market growth over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America shared mobility market , including forecasts for subscribers. This continent databook contains high-level insights into North America shared mobility market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
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North America shared mobility market size, by country, 2018-2040 (US$M)
North America Shared Mobility Market Outlook Share, 2023 & 2040 (US$M)
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