North America Shared Mobility Market Size & Outlook
The shared mobility market in North America is expected to reach a projected revenue of US$ 242.4 million by 2040. A compound annual growth rate of 8.6% is expected of North America shared mobility market from 2024 to 2040.
The North America shared mobility market generated a revenue of USD 59.8 million in 2023.
The market is expected to grow at a CAGR of 8.6% 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, Canada is expected to register the highest CAGR from 2024 to 2040.
North America data book summary
Market revenue in 2023
USD 59.8 million
Market revenue in 2040
USD 242.4 million
Growth rate
8.6% (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, North America region accounted for 23.2% 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 shared mobility market in North America has experienced substantial growth due to several key factors, such as the region's highly urbanized cities, such as New York, Los Angeles, and Toronto, which face issues of traffic congestion and limited parking. This has driven demand for convenient, cost effective, and sustainable transportation solutions.
Additionally, a culture of innovation and technology adoption has led to the rise of ride-sharing platforms, electric scooters, and bike-sharing services in the region, boosting the market’s growth. Major players like Uber and Lyft have helped shape the market.
Furthermore, regulatory support and increasing environmental consciousness have favored the expansion of electric vehicle adoption, driving the growth of eco-friendly shared mobility services in the region. As a result, North America has become a hub for shared mobility, with users embracing options ranging from car-sharing to micro mobility solutions. This, in turn, is expected to fuel market 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 62.71% in 2023.
Horizon Databook has segmented the North America 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 North America has experienced substantial growth due to several key factors, such as the region's highly urbanized cities, such as New York, Los Angeles, and Toronto, which face issues of traffic congestion and limited parking. This has driven demand for convenient, cost effective, and sustainable transportation solutions.
Additionally, a culture of innovation and technology adoption has led to the rise of ride-sharing platforms, electric scooters, and bike-sharing services in the region, boosting the market’s growth. Major players like Uber and Lyft have helped shape the market.
Furthermore, regulatory support and increasing environmental consciousness have favored the expansion of electric vehicle adoption, driving the growth of eco-friendly shared mobility services in the region. As a result, North America has become a hub for shared mobility, with users embracing options ranging from car-sharing to micro mobility solutions. This, in turn, is expected to fuel market growth over the forecast period.
North America Shared Mobility Market Service model Outlook (Revenue, USD Million , 2021-2040)
Ride hailing
Bike sharing
ride sharing
car sharing
Others
North America Shared Mobility Market Channel Outlook (Revenue, USD Million , 2021-2040)
Online
Offline
North America 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 North America Shared Mobility Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Shared Mobility Market Outlook from 2021 to 2040, including revenue numbers, major trends, and company profiles.
North America Shared Mobility Market, 2021-2040 (US$M)