UAE Shared Mobility Market Size & Outlook, 2023-2040
UAE shared mobility market, 2018-2040 (US$M)
Related Markets
UAE shared mobility market highlights
- The UAE shared mobility market generated a revenue of USD 2.4 million in 2023 and is expected to reach USD 12.2 million by 2040.
- The UAE 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 2.4 million |
| Market revenue in 2040 | USD 12.2 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, UAE accounted for 0.9% 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 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 |
|---|
UAE 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 58.33% in 2023. Horizon Databook has segmented the UAE 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 UAE shared mobility market is anticipated to grow at the highest CAGR over the forecast period. Cities like Dubai and Abu Dhabi have seen significant growth influenced by various factors. The UAE's rapidly expanding urban centers and high levels of foreign population have fueled the need for convenient and flexible transportation options.
Ride-sharing services like Uber and Careem have become essential for residents and visitors, offering a practical solution to navigate the bustling cities. Furthermore, the high smartphone penetration, digital payment methods, and openness to technology have made it effortless for users to access shared mobility services. Despite regulatory challenges, the shared mobility market in the UAE is anticipated to continue growing as it aligns with the nation's modernization and sustainability goals.
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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 country-level data and insights on the UAE shared mobility market , including forecasts for subscribers. This country databook contains high-level insights into UAE shared mobility market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
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UAE shared mobility market size, by service model, 2018-2040 (US$M)
UAE Shared Mobility Market Outlook Share, 2023 & 2040 (US$M)
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