UK Shared Mobility Market Size & Outlook, 2023-2040
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UK shared mobility market highlights
- The UK shared mobility market generated a revenue of USD 7.4 million in 2023 and is expected to reach USD 30.9 million by 2040.
- The UK market is expected to grow at a CAGR of 8.8% 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 7.4 million |
| Market revenue in 2040 | USD 30.9 million |
| Growth rate | 8.8% (CAGR from 2024 to 2040) |
| Largest segment | Ride hailing |
| Fastest growing segment | Bike sharing |
| Historical data | 2021 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2040 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ride hailing, Ride sharing, Bike 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, UK accounted for 2.9% 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 Europe, UK shared mobility market is projected to lead the regional market in terms of revenue in 2040.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 20.9 million by 2040.
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Shared Mobility Market Scope
Shared Mobility Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Lyft Inc Class A | View profile | 2945 | 185 Berry Street, Suite 400, San Francisco, CA, United States, 94107 | https://www.lyft.com |
| Grab Holdings Inc Class A | View profile | 10604 | 3 Media Close, No. 01-03/06, Singapore, Singapore, 138498 | https://www.grab.com |
| Beijing Enterprises Holdings Ltd | View profile | 31000 | 18 Harbour Road, 66th Floor, Central Plaza, Wanchai, Hong Kong, Hong Kong | https://www.behl.com.hk |
| Bayerische Motoren Werke AG | View profile | 154950 | Petuelring 130, Munich, BY, Germany, 80809 | https://www.bmwgroup.com |
| GreenGood Eco-Tech | View profile | 11-50 | Dubai, Dubai, United Arab Emirates, Asia | https://www.greengood.ae |
| Avis Budget Group Inc | View profile | 31000 | 379 Interpace Parkway, Parsippany, NJ, United States, 07054 | https://www.avisbudgetgroup.com |
| Uber Technologies Inc | View profile | 30700 | 1725 3rd Street, San Francisco, CA, United States, 94158 | https://www.uber.com |
UK 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 64.86% in 2023. Horizon Databook has segmented the UK shared mobility market based on ride hailing, ride sharing, bike sharing, car sharing covering the revenue growth of each sub-segment from 2021 to 2040.
The U.K. has seen the demand for shared mobility solutions due to urbanization, traffic congestion, and environmental sustainability. In cities like London, congestion changes have encouraged residents to explore shared mobility options.
Furthermore, the concept of Mobility-as-a-Service (MaaS) has gained traction, enabling users to plan and pay for various transportation modes within a single app, making multi-modal travel more accessible.
Collaboration with public transportation has allowed for seamless integration, encouraging the use of shared mobility services in combination with traditional transit options. As the U.K. continues to pursue sustainability goals and innovative transportation solutions, the shared mobility market is expected to fuel the growth over the forecast period.
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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 UK shared mobility market , including forecasts for subscribers. This country databook contains high-level insights into UK shared mobility market from 2021 to 2040, including revenue numbers, major trends, and company profiles.
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UK shared mobility market size, by service model, 2021-2040 (US$M)
UK Shared Mobility Market Outlook Share, 2023 & 2040 (US$M)
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