Singapore Shared Mobility Market Size & Outlook, 2023-2040
Singapore shared mobility market, 2018-2040 (US$M)
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Singapore shared mobility market highlights
- The Singapore shared mobility market generated a revenue of USD 10.1 million in 2023 and is expected to reach USD 50.5 million by 2040.
- The Singapore 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 10.1 million |
| Market revenue in 2040 | USD 50.5 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, Singapore accounted for 3.9% 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 |
|---|
Singapore 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 58.42% in 2023. Horizon Databook has segmented the Singapore 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.
Singapore's shared mobility market has experienced notable growth driven by a combination of urban planning, government initiatives, and technology adoption. The city-state's compact urban environment and well-developed public transportation system have made it an ideal location for shared mobility services to thrive.
The government has actively supported and regulated the industry to ensure a seamless integration of services, resulting in an ecosystem where ridesharing, bike-sharing, and electric scooters are widely used. Singapore's Smart Nation initiative, emphasizing the use of digital technology, has played a pivotal role in the adoption of shared mobility solutions.
Moreover, the country's commitment to sustainability has promoted electric vehicles, making EV-sharing services and electric scooters a common sight on the streets. Strict regulations and fines for congestion and pollution have encouraged the use of shared, eco-friendly modes of transportation.
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Our clientele includes a mix of shared mobility market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 country-level data and insights on the Singapore shared mobility market , including forecasts for subscribers. This country databook contains high-level insights into Singapore shared mobility market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
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Singapore shared mobility market size, by service model, 2018-2040 (US$M)
Singapore Shared Mobility Market Outlook Share, 2023 & 2040 (US$M)
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