Singapore Shared Mobility Market Size & Outlook, 2023-2040
Singapore Shared Mobility Market, 2021-2040 (US$M)
Global Market
Related Markets
Singapore shared mobility market highlights
- The Singapore shared mobility market generated a revenue of USD 10.1 million in 2023 and is expected to reach USD 50.5 million by 2040.
- The Singapore market is expected to grow at a CAGR of 9.9% 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 10.1 million |
| Market revenue in 2040 | USD 50.5 million |
| Growth rate | 9.9% (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, Singapore accounted for 3.9% 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.
Singapore's shared mobility market has experienced notable growth driven by a combination of urban planning, government initiatives, and technology adoption. The city-state's compact urban environment and well-developed public transportation system have made it an ideal location for shared mobility services to thrive.
The government has actively supported and regulated the industry to ensure a seamless integration of services, resulting in an ecosystem where ridesharing, bike-sharing, and electric scooters are widely used. Singapore's Smart Nation initiative, emphasizing the use of digital technology, has played a pivotal role in the adoption of shared mobility solutions.
Moreover, the country's commitment to sustainability has promoted electric vehicles, making EV-sharing services and electric scooters a common sight on the streets. Strict regulations and fines for congestion and pollution have encouraged the use of shared, eco-friendly modes of transportation.
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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 |
Singapore 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 58.42% in 2023.
Horizon Databook has segmented the Singapore 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.
Singapore's shared mobility market has experienced notable growth driven by a combination of urban planning, government initiatives, and technology adoption. The city-state's compact urban environment and well-developed public transportation system have made it an ideal location for shared mobility services to thrive.
The government has actively supported and regulated the industry to ensure a seamless integration of services, resulting in an ecosystem where ridesharing, bike-sharing, and electric scooters are widely used. Singapore's Smart Nation initiative, emphasizing the use of digital technology, has played a pivotal role in the adoption of shared mobility solutions.
Moreover, the country's commitment to sustainability has promoted electric vehicles, making EV-sharing services and electric scooters a common sight on the streets. Strict regulations and fines for congestion and pollution have encouraged the use of shared, eco-friendly modes of transportation.
- Singapore Shared Mobility Market Service model Outlook (Revenue, USD Million , 2021-2040)
- Ride hailing
- Bike sharing
- ride sharing
- car sharing
- Others
- Singapore Shared Mobility Market Channel Outlook (Revenue, USD Million , 2021-2040)
- Online
- Offline
- Singapore 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 Singapore Shared Mobility Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Singapore Shared Mobility Market Outlook from 2021 to 2040, including revenue numbers, major trends, and company profiles.
Singapore Shared Mobility Market, 2021-2040 (US$M)
Singapore shared mobility market statistics, by service model, 2021-2040 (US$M)
