South Africa Shared Mobility Market Size & Outlook
South Africa shared mobility market, 2018-2040 (US$M)
Related Markets
South Africa shared mobility market highlights
- The South Africa shared mobility market generated a revenue of USD 3.3 million in 2023 and is expected to reach USD 17.0 million by 2040.
- The South Africa market is expected to grow at a CAGR of 10.1% 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 3.3 million |
| Market revenue in 2040 | USD 17.0 million |
| Growth rate | 10.1% (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, South Africa accounted for 1.3% 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 Middle East & Africa, South Africa shared mobility market is projected to lead the regional market in terms of revenue in 2040.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 6.5 million by 2040.
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Shared Mobility Market Scope
Shared Mobility Market Companies
| Name | Profile | # Employees | HQ | Website |
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South 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 57.58% in 2023. Horizon Databook has segmented the South 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.
South Africa dominated the shared mobility market in 2022 due to the focus on innovative mobility solutions. Major cities like Johannesburg, Cape Town, and Durban have experienced growing congestion, motivating residents to opt for shared mobility services like ridesharing and bike-sharing as practical alternatives to private car ownership.
Although regulatory challenges have been encountered in some regions, certain areas have seen a rise in electric scooters and electric bike-sharing services, enhancing last-mile connectivity and sustainability. South Africa's digital adoption, particularly in urban centers, has made it easier for residents to access shared mobility services via mobile apps and digital payment systems.
While the market is still evolving, the country's commitment to improving urban mobility and environmental sustainability is expected to drive further growth in the shared mobility market.
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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 country-level data and insights on the South Africa shared mobility market , including forecasts for subscribers. This country databook contains high-level insights into South Africa shared mobility market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
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South Africa shared mobility market size, by service model, 2018-2040 (US$M)
South Africa Shared Mobility Market Outlook Share, 2023 & 2040 (US$M)
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