India Shared Mobility Market Size & Outlook, 2023-2040
India Shared Mobility Market, 2021-2040 (US$M)
Global Market
Related Markets
India shared mobility market highlights
- The India shared mobility market generated a revenue of USD 7.6 million in 2023 and is expected to reach USD 58.6 million by 2040.
- The India market is expected to grow at a CAGR of 12.8% 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 7.6 million |
| Market revenue in 2040 | USD 58.6 million |
| Growth rate | 12.8% (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, India accounted for 3.0% 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 Asia Pacific, China shared mobility market is projected to lead the regional market in terms of revenue in 2040.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 58.6 million by 2040.
India's shared mobility market is expected to grow at the highest CAGR over the forecast period, driven by a combination of urbanization, a burgeoning middle class, and digital technology adoption. Major cities like Mumbai, Delhi, and Bangalore have seen increasing traffic congestion, making shared mobility an attractive option to navigate through congested streets.
The affordability and flexibility offered by ride-sharing services, such as Ola and Uber, have made them popular among urban commuters. Moreover, the growing acceptance of shared mobility, electric scooters, and e-rickshaws have emerged as common modes of transportation in some cities.
The high penetration of smartphones and digital payment systems has further simplified access to shared mobility services. While regulatory challenges exist, the growth of shared mobility in India is expected to continue as urbanization and tech adoption persist and as efforts to improve air quality and traffic management expand.
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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 |
India 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 57.89% in 2023.
Horizon Databook has segmented the India 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.
India's shared mobility market is expected to grow at the highest CAGR over the forecast period, driven by a combination of urbanization, a burgeoning middle class, and digital technology adoption. Major cities like Mumbai, Delhi, and Bangalore have seen increasing traffic congestion, making shared mobility an attractive option to navigate through congested streets.
The affordability and flexibility offered by ride-sharing services, such as Ola and Uber, have made them popular among urban commuters. Moreover, the growing acceptance of shared mobility, electric scooters, and e-rickshaws have emerged as common modes of transportation in some cities.
The high penetration of smartphones and digital payment systems has further simplified access to shared mobility services. While regulatory challenges exist, the growth of shared mobility in India is expected to continue as urbanization and tech adoption persist and as efforts to improve air quality and traffic management expand.
- India Shared Mobility Market Service model Outlook (Revenue, USD Million , 2021-2040)
- Ride hailing
- Bike sharing
- ride sharing
- car sharing
- Others
- India Shared Mobility Market Channel Outlook (Revenue, USD Million , 2021-2040)
- Online
- Offline
- India 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 India Shared Mobility Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Shared Mobility Market Outlook from 2021 to 2040, including revenue numbers, major trends, and company profiles.
India Shared Mobility Market, 2021-2040 (US$M)
India shared mobility market statistics, by service model, 2021-2040 (US$M)
