Asia Pacific Shared Mobility Market Size & Outlook
Asia Pacific Shared Mobility Market, 2021-2040 (US$M)
Global Market
Related Markets
Asia Pacific shared mobility market highlights
- The Asia Pacific shared mobility market generated a revenue of USD 124.7 million in 2023.
- The market is expected to grow at a CAGR of 9.8% 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.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2040.
Asia Pacific data book summary
| Market revenue in 2023 | USD 124.7 million |
| Market revenue in 2040 | USD 612.0 million |
| Growth rate | 9.8% (CAGR from 2024 to 2040) |
| Largest segment | Ride hailing |
| Fastest growing segment | Bike sharing |
| Historical data covered | 2021 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 48.4% of the global shared mobility market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2040.
- MEA is the fastest growing regional market and is projected to reach USD 57.6 million by 2040.
The Asia Pacific region has dominated the Shared Mobility Market in 2022, owing to the rapid urbanization and population growth in major cities, which have given rise to traffic congestion and the need for efficient transportation solutions.
The region's focus on innovation, high smartphone penetration, and digital payment systems have created an environment conducive to the growth of ridesharing, bike-sharing, and electric scooter services. Moreover, governments and municipalities have recognized shared mobility to address urban congestion and pollution, leading to regulatory support.
In addition, a strong focus on environmental sustainability and the adoption of electric vehicles has driven the growth of eco-friendly shared mobility services. As a result, Asia Pacific has dominated the market, offering a wide range of shared mobility options tailored to the diverse needs of its urban populations.
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Publish Date: Jun 03, 2025
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Shared Mobility Market Scope
Shared Mobility Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Uber Technologies Inc | View profile | 30,700 | 1725 3rd Street, San Francisco, CA, United States, 94158 | www.uber.com |
| Avis Budget Group Inc | View profile | 31,000 | 379 Interpace Parkway, Parsippany, NJ, United States, 07054 | www.avisbudgetgroup.com |
| GreenGood Eco-Tech | View profile | 11-50 | Dubai, Dubai, United Arab Emirates, Asia | www.greengood.ae |
| Bayerische Motoren Werke AG | View profile | 154,950 | Petuelring 130, Munich, BY, Germany, 80809 | www.bmwgroup.com |
| Beijing Enterprises Holdings Ltd | View profile | 31,000 | 18 Harbour Road, 66th Floor, Central Plaza, Wanchai, Hong Kong, Hong Kong | www.behl.com.hk |
| Grab Holdings Inc Class A | View profile | 10,604 | 3 Media Close, No. 01-03/06, Singapore, Singapore, 138498 | www.grab.com |
| Lyft Inc Class A | View profile | 2,945 | 185 Berry Street, Suite 400, San Francisco, CA, United States, 94107 | www.lyft.com |
Asia Pacific 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 Outlook will help companies and investors design strategic landscapes.
Ride Hailing was the largest segment with a revenue share of 57.9% in 2023.
Horizon Databook has segmented the Asia Pacific 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 Asia Pacific region has dominated the Shared Mobility Market in 2022, owing to the rapid urbanization and population growth in major cities, which have given rise to traffic congestion and the need for efficient transportation solutions.
The region's focus on innovation, high smartphone penetration, and digital payment systems have created an environment conducive to the growth of ridesharing, bike-sharing, and electric scooter services. Moreover, governments and municipalities have recognized shared mobility to address urban congestion and pollution, leading to regulatory support.
In addition, a strong focus on environmental sustainability and the adoption of electric vehicles has driven the growth of eco-friendly shared mobility services. As a result, Asia Pacific has dominated the market, offering a wide range of shared mobility options tailored to the diverse needs of its urban populations.
- Asia Pacific Shared Mobility Market Service model Outlook (Revenue, USD Million , 2021-2040)
- Ride hailing
- Bike sharing
- ride sharing
- car sharing
- Others
- Asia Pacific Shared Mobility Market Channel Outlook (Revenue, USD Million , 2021-2040)
- Online
- Offline
- Asia Pacific Shared Mobility Market Vehicle Outlook (Revenue, USD Million , 2021-2040)
- Cars
- Two-wheelers
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Shared Mobility Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Shared Mobility Market Outlook from 2021 to 2040, including revenue numbers, major trends, and company profiles.
Asia Pacific Shared Mobility Market, 2021-2040 (US$M)
Asia Pacific shared mobility market statistics, by service model, 2021-2040 (US$M)
