The shared mobility market in Germany is expected to reach a projected revenue of US$ 28.6 million by 2040. A compound annual growth rate of 7.4% is expected of Germany shared mobility market from 2024 to 2040.
The Germany shared mobility market generated a revenue of USD 8.4 million in 2023 and is expected to reach USD 28.6 million by 2040.
The Germany market is expected to grow at a CAGR of 7.4% 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 8.4 million
Market revenue in 2040
USD 28.6 million
Growth rate
7.4% (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, Germany accounted for 3.3% 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.
Germany has dominated the shared mobility market in 2022, driven by urbanization, a strong focus on sustainability, and a culture of innovation. Major cities like Berlin, Munich, and Hamburg experience high population density and traffic congestion, making shared mobility services an attractive alternative to private car ownership.
Car-sharing services like Drive Now and Car2Go have become popular, allowing residents to access vehicles as needed without the costs and hassles of car ownership. Additionally, bike-sharing programs and electric scooters have thrived as last-mile solutions and ecofriendly alternatives for short trips.
The German government's strong push for electric vehicle adoption has led to the emergence of electric ride-sharing services and EV fleets. As a result, the shared mobility market in this country will contribute to growth over the forecast period.
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 65.48% in 2023.
Horizon Databook has segmented the Germany 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.
Germany has dominated the shared mobility market in 2022, driven by urbanization, a strong focus on sustainability, and a culture of innovation. Major cities like Berlin, Munich, and Hamburg experience high population density and traffic congestion, making shared mobility services an attractive alternative to private car ownership.
Car-sharing services like Drive Now and Car2Go have become popular, allowing residents to access vehicles as needed without the costs and hassles of car ownership. Additionally, bike-sharing programs and electric scooters have thrived as last-mile solutions and ecofriendly alternatives for short trips.
The German government's strong push for electric vehicle adoption has led to the emergence of electric ride-sharing services and EV fleets. As a result, the shared mobility market in this country will contribute to growth over the forecast period.
Germany Shared Mobility Market Service model Outlook (Revenue, USD Million , 2021-2040)
Ride hailing
Bike sharing
ride sharing
car sharing
Others
Germany Shared Mobility Market Channel Outlook (Revenue, USD Million , 2021-2040)
Online
Offline
Germany 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 country-level data and insights on the Germany Shared Mobility Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Germany Shared Mobility Market Outlook from 2021 to 2040, including revenue numbers, major trends, and company profiles.