Europe Shared-Mobility Market Research Report Information By Service Model (Ride Hailing, Bike Sharing, Ride Sharing, Car Sharing, Others), By Vehicle Type (Cars, Two-Wheelers), By Business Model (Peer-To-Peer (P2P), Business-To-Business (B2B), Business-To-Consumer (B2C)), By Sector Type (Unorganized, Organized), By Autonomy Level (Manual, Autonomous, Semi-Autonomous, Power Source), By Power Source (Fuel Powered, Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV))–Europe Market Forecast Ti

Europe Shared Mobility Market Overview

Europe Shared Mobility Market Size was valued at USD 355.8 Billion in 2022. The Global Europe Shared Mobility industry is projected to grow from USD 364.66 Billion in 2023 to USD 444.35 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 2.50% during the forecast period (2023 - 2032). The growing environmental consciousness and a preference for eco-friendly modes of transportation are major market drivers driving the shared mobility market in Europe. Shared mobility market growth is also anticipated to be driven by more internet users, an explosion of capital entering into shared mobility startups, and a rapid increase in the automobile industry during the forecast period.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Shared Mobility Market Trends

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  Increased urbanization with growing population driving the market growth

  
  

The Europe shared mobility market CAGR is expanding because densely populated areas are ideal for shared mobility services because of the significant demand for affordable and convenient transportation options. The expansion of shared mobility services is largely attributable to technological advancements. Shared transportation services are now more accessible and user-friendly due to these technological advancements. The Europe Shared Mobility market is being propelled by several factors, the most important of which are rising consumer awareness, more government initiatives to encourage the use of shared mobility services, and the expansion of the automobile industry.

Furthermore, there have been a lot of recent developments in the industry and a lot of money being raised by new startups in the shared mobility space, so there are a lot of opportunities for growth in this Europe Shared Mobility market. There was a movement in shared mobility fleets toward electric vehicles, driven by sustainability and environmental conscience. Businesses reduced their environmental impact by embracing electric vehicles, scooters, and bikes. Additionally, in shared mobility, many new services and forms of transportation have recently developed, including electric scooter sharing, pooled ridesharing, and collaborative carpooling. Their automated operations, individualized travel on-demand, prospective integration, and eco-friendly nature are the reasons behind their rise. The widespread adoption of interconnected cars and smart-phones is anticipated to fuel the shared mobility market's progress in the future. For example, Avis Budget Group and Ever Charge, an SK Group division focusing on charging infrastructure for large-scale projects, have just established a remarkable network of charging stations for electric vehicles. Thus, the driving the Europe shared mobility market revenue.

Europe Shared Mobility Market Segment Insights:

Europe Shared Mobility Service Model Insights

The Europe shared mobility market segmentation, based on the service model, includes ride-hailing, bike sharing, ridesharing, car sharing, and others. The ridesharing segment dominated the market. Ridesharing helps alleviate traffic and pollution by using available automobiles most efficiently. With fewer cars on the road and the ability to request rides whenever needed, users have more freedom to choose how they get around and less need to own a car.

Europe Shared Mobility Vehicle Type Insights

The Europe shared mobility market segmentation, based on vehicle type, includes cars, two-wheelers, and others. The cars category generated the most income because shared mobility car services enable consumers the freedom and convenience to reach their destinations on demand, while car-sharing services offer a cost-effective alternative to buying a car, rendering transportation more accessible to a broader audience.

Figure 1: Europe Shared Mobility Market, by Vehicle Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Shared Mobility Business Model Insights

The Europe shared mobility market segmentation, based on business model, includes Peer-to-Peer (P2P), Business-to-Business (B2B), and Business-to-Consumer (B2C). The Peer-to-Peer (P2P) category is expected to grow fastest because P2P platforms provide a wide variety of vehicles, allowing users to access a variety of cars, motorbikes, and other forms of transportation based on their preferences and requirements; owners of private cars can share their automobiles when they're out of use, decreasing the total amount of idle vehicles and making better use of assets.

Europe Shared Mobility Sector Type Insights

The Europe shared mobility market segmentation, based on sector type, includes unorganized and organized. The organized category is anticipated to grow at a CAGR of 2.50% over the projected period. Due to their members of organized shared mobility, providers are more likely to deliver dependable services that adhere to established protocols, giving customers peace of mind.

Europe Shared Mobility Autonomy Level Insights

The Europe shared mobility market segmentation, based on autonomy level, includes manual, autonomous, and semi-autonomous. The semi-autonomous category generated the most income because to improve road safety and reduce the possibility of accidents; semi-autonomous vehicles incorporate automation elements that help drivers make fewer mistakes and to make roads safer, semi-autonomous vehicles can feature advanced driver-assistance systems that help drivers monitor their surroundings, steer clear of obstacles, and control traffic.

Europe Shared Mobility Power Source Insights

The Europe shared mobility market segmentation, based on power source, includes fuel-powered, hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV), and battery electric vehicles (BEV). The hybrid electric vehicle (HEV) category is expected to grow fastest at a CAGR of 2.50% because hybrid electric vehicles have an internal combustion engine coupled with an electric motor, enabling improved fuel efficiency and lower operational costs for companies offering shared mobility services.

Europe Shared Mobility Country Insights

The rapid expansion of the company travelers has resulted in a boom in demand for shared mobility in Europe in recent years. The rising number of business visitors in this area has led to a surge in demand for mobility options as the costs of vehicle ownership continue to rise, and the number of vehicles on the road continues to increase. Furthermore, many European regulations aim to increase the number of electric vehicles on the road and decrease emissions. There has been significant investment by the European Union in expanding its charging and support infrastructure for electric vehicles to ensure they can work together more easily. Moreover, businesses pour resources into improving and enhancing shared mobility. Additionally, many European cities have ridesharing apps like Uber that can be used instead of regular taxis. Because of how easy and cheap these platforms were, they quickly became popular in the coming years. The European Europe Shared Mobility market is expected to be propelled during the projected period by growing population and urbanization.

Figure 2: Europe Shared Mobility MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Shared Mobility Key Market Players& Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the shared mobility market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the shared mobility industry must offer cost-effective items.

Major players in the europe shared mobility market are attempting to increase market demand by investing in research and development operations, includingAvis budget group (U.S.), car2go NA, LLC (U.S.), Beijing Xiaoju Technology Co, Ltd. (China), Mobiag (Portugal), movmi Shared Transportation Services Inc. (Canada), Uber Technologies Inc. (U.S.), ANI Technologies Pvt. Ltd. (India), Lyft, Inc. (U.S.), Careem (U.A.E), Bolt Technology OÜ (Estonia), HERTZ SYSTEM, INC. (U.S.), Aptiv (Ireland), Enterprise Holdings Inc. (U.S.), MOBIKO (Germany), Curb Mobility (U.S.), BlaBlaCar (France), and Wingz (U.S.).

Key Companies in the Europe Shared Mobility market include

• Avis budget group (U.S.)


• car2go NA, LLC (U.S.)


• Beijing Xiaoju Technology Co, Ltd. (China)


• Mobiag (Portugal)


• Movmi Shared Transportation Services Inc. (Canada)


• Uber Technologies Inc. (U.S.)


• ANI Technologies Pvt. Ltd. (India)


• Lyft, Inc. (U.S.)


• Careem (U.A.E)


• Bolt Technology OÜ (Estonia)


• Gett (U.K.)


• HERTZ SYSTEM, INC. (U.S.)


• Aptiv (Ireland), Enterprise Holdings Inc. (U.S.)


• MOBIKO (Germany)


• Europcar (France)


• Curb Mobility (U.S.)


• BlaBlaCar (France)


• Wingz (U.S.)

Europe Shared Mobility Industry Developments

December 2023: Uber is ecstatic to announce a partnership with the Coast Guard, further establishing our status as the trusted transportation provider for both official business and everyday commutes. Together, we can make maritime mobility a thing of the past by connecting members of the European Coast Guard and their families with safe, reliable, and time-saving shipping options.

November 2023: The Toro Company, a provider of innovative solutions for outdoor environments, has completed the acquisition of The Intimidator Group Inc., a manufacturer of side-by-side vehicles. With this move, Toro intends to enhance its position in the zero-turn mower market and solidify its position as a strong competitor

Europe Shared Mobility Market Segmentation

Europe Shared Mobility Service Model Outlook

• Ride Hailing


• Bike Sharing


• Ride Sharing


• Car Sharing


• Others

Europe Shared Mobility Vehicle Type Outlook

• Cars


• Two-Wheelers


• Others

Europe Shared Mobility Business Model Outlook

• Peer-To-Peer (P2P)


• Business-To-Business (B2B)


• Business-To-Consumer (B2C)

Shared Mobility Sector Type Outlook

• Unorganized


• Organized

Shared Mobility Autonomy Level Outlook

• Manual


• Autonomous


• Semi-Autonomous

Shared Mobility Power Source Outlook

• Fuel Powered


• Hybrid Electric Vehicle (HEV)


• Plug-in Hybrid Electric Vehicle (PHEV)


• Battery Electric Vehicle (BEV)

Shared Mobility Regional Outlook

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  Germany
  
  


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  France
  
  


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  UK
  
  


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  Italy
  
  


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  Spain
  
  


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  Sweden
  
  


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  Denmark
  
  


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  Luxembourg
  
  


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  Norway
  
  


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  Austria
  
  


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  Rest of Europe