Europe Shared Mobility Market Size & Outlook, 2023-2040
The shared mobility market in Europe is expected to reach a projected revenue of US$ 197.1 million by 2040. A compound annual growth rate of 8.2% is expected of Europe shared mobility market from 2024 to 2040.
The Europe shared mobility market generated a revenue of USD 51.4 million in 2023.
The market is expected to grow at a CAGR of 8.2% 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, Spain is expected to register the highest CAGR from 2024 to 2040.
Europe data book summary
Market revenue in 2023
USD 51.4 million
Market revenue in 2040
USD 197.1 million
Growth rate
8.2% (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, Europe region accounted for 20.0% 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.
Europe has been at the forefront of shared mobility trends due to the dense urban areas and well-developed public transportation systems, which have made it convenient for residents to embrace shared mobility options, such as ridesharing, car-sharing, and bike-sharing, as first- or last-mile solutions.
The European Union has actively supported shared mobility by promoting sustainability, contributing to a shift towards electric vehicles and eco-friendly transportation modes. Furthermore, strict emission regulations in European cities have encouraged the adoption of EVs and low-emission shared mobility services.
A strong culture of cycling in cities like Amsterdam and Copenhagen has made bike-sharing services particularly popular. As a result, Europe has seen significant growth in the shared mobility market, with a focus on eco-friendly and integrated multi-modal solutions.
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 64.79% in 2023.
Horizon Databook has segmented the Europe 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.
Europe has been at the forefront of shared mobility trends due to the dense urban areas and well-developed public transportation systems, which have made it convenient for residents to embrace shared mobility options, such as ridesharing, car-sharing, and bike-sharing, as first- or last-mile solutions.
The European Union has actively supported shared mobility by promoting sustainability, contributing to a shift towards electric vehicles and eco-friendly transportation modes. Furthermore, strict emission regulations in European cities have encouraged the adoption of EVs and low-emission shared mobility services.
A strong culture of cycling in cities like Amsterdam and Copenhagen has made bike-sharing services particularly popular. As a result, Europe has seen significant growth in the shared mobility market, with a focus on eco-friendly and integrated multi-modal solutions.
Europe Shared Mobility Market Service model Outlook (Revenue, USD Million , 2021-2040)
Ride hailing
Bike sharing
ride sharing
car sharing
Others
Europe Shared Mobility Market Channel Outlook (Revenue, USD Million , 2021-2040)
Online
Offline
Europe 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 Europe Shared Mobility Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Shared Mobility Market Outlook from 2021 to 2040, including revenue numbers, major trends, and company profiles.