Japan Shared Mobility Market Size & Outlook, 2023-2040
The shared mobility market in Japan is expected to reach a projected revenue of US$ 75.8 million by 2040. A compound annual growth rate of 9.4% is expected of Japan shared mobility market from 2024 to 2040.
The Japan shared mobility market generated a revenue of USD 16.4 million in 2023 and is expected to reach USD 75.8 million by 2040.
The Japan market is expected to grow at a CAGR of 9.4% 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 16.4 million
Market revenue in 2040
USD 75.8 million
Growth rate
9.4% (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, Japan accounted for 6.4% 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.
The shared mobility market in Japan has accounted for a significant share in 2022. In urban centers like Tokyo, where space is at a premium and traffic congestion is a common issue, shared mobility solutions have gained traction. Notably, car-sharing services have been successful, offering an alternative to car ownership in a nation where owning a personal vehicle can be costly and cumbersome.
Moreover, electric scooters and bicycles have also seen adoption, catering to the demand for last-mile solutions. However, regulatory challenges, particularly regarding ride-sharing services, have limited their growth.
Nevertheless, the Japanese market has embraced innovative mobility solutions, and as regulations evolve and awareness of sustainable transportation increases, shared mobility is expected to expand further in the country.
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 56.71% in 2023.
Horizon Databook has segmented the Japan 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 shared mobility market in Japan has accounted for a significant share in 2022. In urban centers like Tokyo, where space is at a premium and traffic congestion is a common issue, shared mobility solutions have gained traction. Notably, car-sharing services have been successful, offering an alternative to car ownership in a nation where owning a personal vehicle can be costly and cumbersome.
Moreover, electric scooters and bicycles have also seen adoption, catering to the demand for last-mile solutions. However, regulatory challenges, particularly regarding ride-sharing services, have limited their growth.
Nevertheless, the Japanese market has embraced innovative mobility solutions, and as regulations evolve and awareness of sustainable transportation increases, shared mobility is expected to expand further in the country.
Japan Shared Mobility Market Service model Outlook (Revenue, USD Million , 2021-2040)
Ride hailing
Bike sharing
ride sharing
car sharing
Others
Japan Shared Mobility Market Channel Outlook (Revenue, USD Million , 2021-2040)
Online
Offline
Japan 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 Japan Shared Mobility Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Japan Shared Mobility Market Outlook from 2021 to 2040, including revenue numbers, major trends, and company profiles.