The Latin America, Middle East and Africa Shared Mobility Market would witness market growth of 18.9% CAGR during the forecast period (2022-2028).
Car sharing services have huge potential in terms of reducing pollution, traffic congestion, and energy consumption. Independent passenger vehicle utilization is reduced as a result of shared mobility, and people are able to achieve their destinations more quickly. By using shared mobility, the number of vehicles is lowered, and CO2 emissions are diminished, resulting in less pollutants in the environment. A typical vehicle emits 4.6 metric tonnes of carbon dioxide per year, as per the US Environmental Protection Agency. Each year, half a million tonnes of carbon dioxide are emitted into the atmosphere by thousands of vehicles in cities.
As a result of revived interest in urbanization and expanding environmental, energy, and economic concerns, the demand for sustainable alternatives has increased dramatically. Moreover, developments in electronic & wireless technology made it simpler and increasingly efficient to share assets and data. Due to this, innovative solutions spanning from huge physical networks to mobile applications intended to alter to change routes, occupy empty seats, and merge fare media with true arrival and departure data have sprung up from automobile manufacturers, venture-backed startups, rental car companies, and city-sponsored programmers.
The rising need for shared transportation solutions in many nations, such as the United Arab Emirates and South Africa, is boosting regional market growth. The government is developing new techniques to reduce traffic congestion and greenhouse gas emissions, which is expected to increase the regional market throughout the forecast period. Several regional players are continually working on latest features for shared mobility. In addition, a slew of new start-ups is experimenting with and launching new shared mobility applications in order to tap into the burgeoning industry.
The EV Green Charger initiative that provides an infrastructure of electric car chargers throughout the city, was unveiled by the Dubai Electricity and Water Authority (DEWA). This programme helps Dubai's efforts to create cutting-edge and environmentally friendly transportation options, lowering carbon emissions in the transportation sector, as part of the Dubai Green Mobility Strategy 2030. The continuing expansion of this project by DEWA and the introduction of its free-charging incentive have led to an increase in the number of registered electric vehicles in Dubai. These aspects and government support would surge the growth of the regional shared mobility market over the forecast period.
The Brazil market dominated the LAMEA Shared Mobility Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $8,977.3 million by 2028. The Argentina market is poised to grow at a CAGR of 19.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 18.5% during (2022 - 2028).
Based on Service Model, the market is segmented into Ride Hailing, Ride Sharing, Car Sharing, Bike Sharing and Others. Based on Vehicle, the market is segmented into Cars, Two-wheelers, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Shared Mobility Market is Predict to reach $454.4 Billion by 2028, at a CAGR of 15.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lyft, Inc., Grab Holdings Inc. Avis Budget Group, Inc., DiDi Global Inc., Deutsche Bahn Connect GmbH (Deutsche Bahn AG), Uber Technologies, Inc., GT Gettaxi (UK) Limited, Ola Cabs (ANI Technologies Pvt. Ltd.), Share Now GmbH, and Global Car Sharing and Rental Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Service Model
- Ride Hailing
- Ride Sharing
- Car Sharing
- Bike Sharing
- Others
By Vehicle
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Lyft, Inc.
- Grab Holdings Inc
- Avis Budget Group, Inc.
- DiDi Global Inc.
- Deutsche Bahn Connect GmbH (Deutsche Bahn AG)
- Uber Technologies, Inc.
- GT Gettaxi (UK) Limited
- Ola Cabs (ANI Technologies Pvt. Ltd.)
- Share Now GmbH
- Global Car Sharing and Rental Co., Ltd
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Shared Mobility Market, by Service Model
1.4.2 LAMEA Shared Mobility Market, by Vehicle
1.4.3 LAMEA Shared Mobility Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Passive And Interconnecting Electronic Components Market
Chapter 4. LAMEA Shared Mobility Market by Service Model
4.1 LAMEA Ride Hailing Market by Country
4.2 LAMEA Ride Sharing Market by Country
4.3 LAMEA Car Sharing Market by Country
4.4 LAMEA Bike Sharing Market by Country
4.5 LAMEA Others Market by Country
Chapter 5. LAMEA Shared Mobility Market by Vehicle
5.1 LAMEA Cars Market by Country
5.2 LAMEA Two-wheelers Market by Country
5.3 LAMEA Others Market by Country
Chapter 6. LAMEA Shared Mobility Market by Country
6.1 Brazil Shared Mobility Market
6.1.1 Brazil Shared Mobility Market by Service Model
6.1.2 Brazil Shared Mobility Market by Vehicle
6.2 Argentina Shared Mobility Market
6.2.1 Argentina Shared Mobility Market by Service Model
6.2.2 Argentina Shared Mobility Market by Vehicle
6.3 UAE Shared Mobility Market
6.3.1 UAE Shared Mobility Market by Service Model
6.3.2 UAE Shared Mobility Market by Vehicle
6.4 Saudi Arabia Shared Mobility Market
6.4.1 Saudi Arabia Shared Mobility Market by Service Model
6.4.2 Saudi Arabia Shared Mobility Market by Vehicle
6.5 South Africa Shared Mobility Market
6.5.1 South Africa Shared Mobility Market by Service Model
6.5.2 South Africa Shared Mobility Market by Vehicle
6.6 Nigeria Shared Mobility Market
6.6.1 Nigeria Shared Mobility Market by Service Model
6.6.2 Nigeria Shared Mobility Market by Vehicle
6.7 Rest of LAMEA Shared Mobility Market
6.7.1 Rest of LAMEA Shared Mobility Market by Service Model
6.7.2 Rest of LAMEA Shared Mobility Market by Vehicle
Chapter 7. Company Profiles
7.1 Lyft, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Research & Development Expenses
7.1.4 Recent strategies and developments:
7.1.4.1 Partnerships, Collaborations, and Agreements:
7.1.4.2 Acquisition and Mergers:
7.2 Grab Holdings Inc
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.3 Avis Budget Group, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Recent strategies and developments:
7.3.4.1 Partnerships, Collaborations, and Agreements:
7.3.4.2 Acquisition and Mergers:
7.4 DiDi Global Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.5 Deutsche Bahn Connect GmbH (Deutsche Bahn AG)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.6 Uber Technologies, Inc.
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.6.2.2 Acquisition and Mergers:
7.7 GT Gettaxi (UK) Limited
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.8 Ola Cabs (ANI Technologies Pvt. Ltd.)
7.8.1 Company Overview
7.9 SHARE NOW GmbH
7.9.1 Company Overview
7.10. Global Car Sharing and Rental Co., Ltd
7.10.1 Company Overview
TABLE 1 LAMEA Shared Mobility Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Shared Mobility Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Shared Mobility Market by Service Model, 2018 - 2021, USD Million
TABLE 4 LAMEA Shared Mobility Market by Service Model, 2022 - 2028, USD Million
TABLE 5 LAMEA Ride Hailing Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Ride Hailing Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Ride Sharing Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Ride Sharing Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Car Sharing Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Car Sharing Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Bike Sharing Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Bike Sharing Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Shared Mobility Market by Vehicle, 2018 - 2021, USD Million
TABLE 16 LAMEA Shared Mobility Market by Vehicle, 2022 - 2028, USD Million
TABLE 17 LAMEA Cars Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Cars Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Two-wheelers Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Two-wheelers Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Shared Mobility Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Shared Mobility Market by Country, 2022 - 2028, USD Million
TABLE 25 Brazil Shared Mobility Market, 2018 - 2021, USD Million
TABLE 26 Brazil Shared Mobility Market, 2022 - 2028, USD Million
TABLE 27 Brazil Shared Mobility Market by Service Model, 2018 - 2021, USD Million
TABLE 28 Brazil Shared Mobility Market by Service Model, 2022 - 2028, USD Million
TABLE 29 Brazil Shared Mobility Market by Vehicle, 2018 - 2021, USD Million
TABLE 30 Brazil Shared Mobility Market by Vehicle, 2022 - 2028, USD Million
TABLE 31 Argentina Shared Mobility Market, 2018 - 2021, USD Million
TABLE 32 Argentina Shared Mobility Market, 2022 - 2028, USD Million
TABLE 33 Argentina Shared Mobility Market by Service Model, 2018 - 2021, USD Million
TABLE 34 Argentina Shared Mobility Market by Service Model, 2022 - 2028, USD Million
TABLE 35 Argentina Shared Mobility Market by Vehicle, 2018 - 2021, USD Million
TABLE 36 Argentina Shared Mobility Market by Vehicle, 2022 - 2028, USD Million
TABLE 37 UAE Shared Mobility Market, 2018 - 2021, USD Million
TABLE 38 UAE Shared Mobility Market, 2022 - 2028, USD Million
TABLE 39 UAE Shared Mobility Market by Service Model, 2018 - 2021, USD Million
TABLE 40 UAE Shared Mobility Market by Service Model, 2022 - 2028, USD Million
TABLE 41 UAE Shared Mobility Market by Vehicle, 2018 - 2021, USD Million
TABLE 42 UAE Shared Mobility Market by Vehicle, 2022 - 2028, USD Million
TABLE 43 Saudi Arabia Shared Mobility Market, 2018 - 2021, USD Million
TABLE 44 Saudi Arabia Shared Mobility Market, 2022 - 2028, USD Million
TABLE 45 Saudi Arabia Shared Mobility Market by Service Model, 2018 - 2021, USD Million
TABLE 46 Saudi Arabia Shared Mobility Market by Service Model, 2022 - 2028, USD Million
TABLE 47 Saudi Arabia Shared Mobility Market by Vehicle, 2018 - 2021, USD Million
TABLE 48 Saudi Arabia Shared Mobility Market by Vehicle, 2022 - 2028, USD Million
TABLE 49 South Africa Shared Mobility Market, 2018 - 2021, USD Million
TABLE 50 South Africa Shared Mobility Market, 2022 - 2028, USD Million
TABLE 51 South Africa Shared Mobility Market by Service Model, 2018 - 2021, USD Million
TABLE 52 South Africa Shared Mobility Market by Service Model, 2022 - 2028, USD Million
TABLE 53 South Africa Shared Mobility Market by Vehicle, 2018 - 2021, USD Million
TABLE 54 South Africa Shared Mobility Market by Vehicle, 2022 - 2028, USD Million
TABLE 55 Nigeria Shared Mobility Market, 2018 - 2021, USD Million
TABLE 56 Nigeria Shared Mobility Market, 2022 - 2028, USD Million
TABLE 57 Nigeria Shared Mobility Market by Service Model, 2018 - 2021, USD Million
TABLE 58 Nigeria Shared Mobility Market by Service Model, 2022 - 2028, USD Million
TABLE 59 Nigeria Shared Mobility Market by Vehicle, 2018 - 2021, USD Million
TABLE 60 Nigeria Shared Mobility Market by Vehicle, 2022 - 2028, USD Million
TABLE 61 Rest of LAMEA Shared Mobility Market, 2018 - 2021, USD Million
TABLE 62 Rest of LAMEA Shared Mobility Market, 2022 - 2028, USD Million
TABLE 63 Rest of LAMEA Shared Mobility Market by Service Model, 2018 - 2021, USD Million
TABLE 64 Rest of LAMEA Shared Mobility Market by Service Model, 2022 - 2028, USD Million
TABLE 65 Rest of LAMEA Shared Mobility Market by Vehicle, 2018 - 2021, USD Million
TABLE 66 Rest of LAMEA Shared Mobility Market by Vehicle, 2022 - 2028, USD Million
TABLE 67 Key Information – Lyft, Inc.
TABLE 68 Key Information – Grab Holdings Inc
TABLE 69 Key information – Avis Budget Group, Inc.
TABLE 70 Key Information – DiDi Global Inc.
TABLE 71 Key Information – Deutsche Bahn Connect GmbH
TABLE 72 Key Information – Uber Technologies, Inc. (UberEats)
TABLE 73 Key Information – GT Gettaxi (UK) Limited
TABLE 74 Key information – Ola Cabs
TABLE 75 Key Information – SHARE NOW GmbH
TABLE 76 Key Information – Global Car Sharing and Rental Co., Ltd
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Lyft, Inc.
FIG 3 Recent strategies and developments: Avis Budget Group, Inc.
FIG 4 Recent strategies and developments: Uber Technologies, Inc.