Shared Mobility Market Size, Share, Growth, Trends, and Global Industry Analysis: By Service Model (Ride-Hailing, Bike Sharing, Ride Sharing, Car Sharing, Others), By Vehicle (Car, Two-Wheelers, Others), By Distribution Channel (Online, Offline), and Region Forecast 2020-2031

Shared Mobility Market size was valued at US$ 225.3 billion in 2024 and is expected to reach US$ 522.8 billion by 2031, growing at a significant CAGR of 12.8% from 2025-2031. Moreover, the U.S. Shared Mobility Market is projected to grow at 12% CAGR over forecast period. The market refers to the segment of the transportation industry that encompasses services where multiple users access mobility solutions such as vehicles, bikes, or scooters on an as-needed basis, without owning the mode of transport. This includes ride-hailing, car-sharing, bike-sharing, scooter-sharing, and public transportation models that are integrated through digital platforms. These services aim to optimize vehicle utilization, reduce congestion, and minimize carbon emissions, offering flexible, cost-effective, and sustainable alternatives to traditional vehicle ownership.

The market has witnessed significant growth in recent years, driven by rapid urbanization, increasing smartphone penetration, rising environmental awareness, and the need for efficient urban transportation systems. Governments and private players are increasingly investing in smart mobility infrastructure and integrated mobility platforms to promote multimodal transport. The expansion of electric vehicle fleets and advancements in mobility-as-a-service (MaaS) technologies are further enhancing the scalability and appeal of shared mobility, particularly in megacities across Asia-Pacific, Europe, and North America.

Facts & Figures

• Uber reported over 161 million monthly active users globally in 2024, with an average of 27 million trips per day, spanning across 10,000 cities in 70 countries.
• As of May 2025, New York City’s Citi?Bike averaged 142,553 rides per day, with each bike being used nearly twice daily. The system operates 37,652 bikes across 2,806 stations, facilitated by both annual members (131,451) and casual users.
• Indian micromobility leader Yulu has deployed 45,000 shared electric two-wheelers, serving over 4 million users who collectively travelled 850 million kilometers, saving 32 million kilograms of CO? emissions.
• India’s national economic estimates suggest that widespread carpooling could eliminate 780,000 daily vehicle trips and save 380 million liters of fuel annually, significantly reducing transport-related emissions.

Key Developments:

• In May 2025, Uber and May Mobility forged a multi-year alliance aimed at integrating thousands of autonomous vehicles (AVs) into Uber’s ride-hailing platform, beginning with a launch in Arlington, Texas by year-end. Initially, rides will feature safety drivers, with full driverless operations planned subsequently. This move leverages May Mobility’s experience deploying AVs in geofenced urban zones and signals Uber's accelerated push into autonomy-as-a-service (AaaS), expanding consumer access to AV rides by 2026.
• In July 2025, Uber announced a partnership with Baidu to integrate Baidu’s fully driverless Apollo Go robotaxis, currently operating in 15 cities, into Uber’s platform in regions outside the U.S. and China including Asia and the Middle East later this year. Apollo Go has exceeded 11 million driverless rides and maintains a fleet of over 1,000 AVs. This collaboration extends Uber’s global autonomous ride-hailing reach through established AV operators, reinforcing its network-based strategy.

Shared Mobility Market Segmentation:

Based on the service model:

• Ride-Hailing
• Bike Sharing
• Ride Sharing
• Car Sharing
• Others

Among the various service models, ride-hailing emerges as the leading segment in the market, primarily driven by the growing demand for convenient, on-demand transportation in densely populated urban areas. In recent years, urbanization, rising smartphone penetration, and the proliferation of cashless payment systems have significantly enhanced the accessibility and appeal of ride-hailing platforms. Consumers increasingly prefer the flexibility and reliability of app-based taxi services over traditional public transport or private vehicle ownership.

Companies like Uber, DiDi, and Lyft have not only expanded globally but also diversified their offerings by integrating features like real-time tracking, safety protocols, and loyalty programs, further boosting user retention. Moreover, the availability of various ride options—from budget to premium and even electric vehicles—caters to a broader demographic. As urban infrastructure modernizes and smart city initiatives evolve, ride-hailing is expected to maintain its dominance, supported by its seamless user experience, operational scalability, and alignment with mobility-as-a-service (MaaS) trends.

Based on the vehicle:

• Car
• Two-wheelers
• Others

Based on the vehicle type, cars are anticipated to lead the market, driven by their widespread utility, comfort, and suitability for both short and long-distance travel. Cars dominate services such as ride-hailing, ride-sharing, and car-sharing due to their capacity to accommodate multiple passengers and offer privacy and convenience that two-wheelers often lack. In densely populated urban areas, where parking and traffic are constant challenges, users prefer shared cars over ownership to avoid maintenance costs and long-term commitments.

Moreover, the integration of electric cars into shared fleets is enhancing their appeal, aligning with sustainability goals and regulatory mandates. Companies like Uber, Ola, and Zipcar continue to expand their car-based services across major cities, supported by robust mobile platforms and intelligent routing technologies. As global urban mobility evolves, shared cars are expected to remain the backbone of the market, offering scalability, flexibility, and a more personalized transport experience compared to other vehicle segments.

Based on the distribution channel:

• Online
• Offline

The online distribution channel is anticipated to lead the market, driven by the widespread adoption of smartphones, internet connectivity, and app-based service models. Online platforms enable users to easily book rides, make digital payments, track vehicles in real-time, and rate services—all from the convenience of their mobile devices. This seamless user experience has significantly boosted consumer preference for online booking. Companies such as Uber, Lyft, and Grab have built their entire business models around mobile applications, transforming how people access transportation services.

Moreover, online platforms offer data-driven personalization, loyalty programs, and integration with other mobility services like bike or scooter sharing, enhancing customer retention. The COVID-19 pandemic further accelerated the shift to contactless, app-based booking systems, reinforcing the dominance of online channels. With continued advancements in mobile technology and AI-driven route optimization, the online distribution segment is expected to remain the primary driver of growth in the shared mobility ecosystem.