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Shared Mobility - India

India
  • By 2025, the Shared Mobility market in India is expected to generate a revenue of US$103.51bn.
  • It is further projected to grow annually at a rate of 6.73% resulting in a market volume of US$56.61bn by 2029.
  • The market's largest market is Flights, which is expected to grow to a market volume of US$56.61bn by 2025.
  • By 2029, the number of users in the Public Transportation market is expected to reach 1.20bn users.
  • In 2025, user penetration is projected to be 78.6%, which is expected to increase to 88.1% by 2029.
  • The average revenue per user (ARPU) is expected to be US$166.26.
  • Furthermore, it is projected that 71% of the total revenue generated in the Shared Mobility market will be generated through online sales by 2029.
  • When compared globally, China is projected to generate the most revenue in the Shared Mobility market, with a projected revenue of US$382bn by 2025.
  • India's shared mobility market is experiencing rapid growth due to increasing urbanization and a shift towards sustainable transportation options.

Definition:

The Shared Mobility market encompasses a diverse range of long- and short-distance mobility services. As the world moves towards a more connected and digital era, the Shared Mobility market is central to driving innovation, collaboration, and the development of intelligent transportation systems.

Structure:

The market consists of eleven further markets. These include the following markets:

  • The Car Rentals market contains vehicle rentals that have been booked in person, by telephone via the internet or an app.
  • The Car-sharing market includes professionally run car-sharing services that provide on-demand access vehicles, allowing users to rent cars for short periods, e.g., by minute or hour.
  • The Bike-sharing market contains short-term bike-sharing services. Bicycles can be found in the provider’s business zone where they are either parked at designated stations or freely distributed without fixed docks.
  • The Ride-hailing market encompasses on-demand transportation services facilitated through mobile apps or online platforms. This market covers both private vehicle rides and taxi services, all booked exclusively online.
  • The Taxi market covers exclusively traditional taxi services booked offline, typically via street hailing or phone calls.
  • The Flights market contains air travel bookings regardless of the purchase channel, such as an airline's website or a travel agency.
  • In the Public Transportation market, revenues generated by ticket sales from public transportation companies are considered.

Additional Information:

The main performance indicators of the Shared Mobility market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the above-mentioned markets. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year. Additional definitions for each market can be found within the respective market pages.

The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.

For further information on the data displayed, refer to the info button right next to each box.

In-Scope
  • Flights, long-distance bus travel and train ticket bookings regardless of the purchase channel
  • Car rental hires
  • Ride-hailing & taxi services like Uber, Lyft or Free Now
  • Bike-sharing services
  • Car-sharing bookings
  • E-scooter-sharing services
  • Public Transportation
Out-Of-Scope
  • Chauffeur services and ferries are not included
Shared Mobility: market data & analysis - Cover

Market Insights report

Shared Mobility: market data & analysis
Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Shared Mobility market in India has been witnessing significant growth and evolution in recent years.

    Customer preferences:
    Customers in India are increasingly looking for convenient and cost-effective transportation options, leading to a rise in demand for shared mobility services. The younger population, especially in urban areas, prefers on-demand services that offer flexibility and affordability.

    Trends in the market:
    One of the key trends in the Shared Mobility market in India is the rapid adoption of ride-hailing services and bike-sharing platforms. Companies offering these services have been expanding their presence to cater to a larger customer base. Additionally, carpooling and shared bike services are gaining popularity as people look for sustainable and eco-friendly transportation options.

    Local special circumstances:
    India's unique demographic and infrastructural challenges have shaped the Shared Mobility market in the country. The presence of congested roads in major cities has led to a growing need for efficient transportation solutions. Moreover, the government's push towards reducing carbon emissions and promoting electric vehicles is influencing the market dynamics.

    Underlying macroeconomic factors:
    The growing middle-class population with increasing disposable income levels is driving the demand for shared mobility services in India. Additionally, the rise of digital technology and smartphone penetration has made it easier for customers to access and use shared mobility platforms. Moreover, changing lifestyle preferences and a shift towards shared ownership models are contributing to the market growth.

    Users

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Mode of Transportation

    Most recent update: Jul 2024

    Sources: Statista Market Insights, Statista Consumer Insights Global

    User Demographics

    Most recent update: Mar 2024

    Sources: Statista Market Insights, Statista Consumer Insights Global

    Global Comparison

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of car rentals, ride-hailing, taxi, car-sharing, bike-sharing, e-scooter-sharing, moped-sharing, trains, buses, public transportation, and flights.

    Modeling approach:

    Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.

    Additional notes:

    The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

    Mobility

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    Shared Mobility: market data & analysis - BackgroundShared Mobility: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Jan 2025

    Source: Statista Market Insights

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    Mobility-as-a-Service - statistics & facts

    Rapid urbanization is changing how people live, commute, and work around the world. As cities grow, congestion often becomes a more prevalent problem on city transport infrastructure creating demand for more mobility options including shared mobility services. Mobility-as-a-service (MaaS), also known as Transportation-as-a-Service (TaaS), emerged as a response to the increasing mobility need in cities across the globe. It recasts mobility as using a mix of integrated transport modes that can be used as appropriate, often through a single online platform, rather than foregrounding individual ownership of vehicles. The aim is to provide customers with the most convenient and customized services so they may choose the method and means that best fit their budget and travel time constraints. Today, MaaS is a dynamic and fast-growing market incorporating urban mobility solutions from both public and private organizations. Efficiency-enhancing is the basic maxim for organizations performing in this industry to address the challenges of mobility in urban life. In less than a decade, this market is expected to grow almost four-fold, growing to 500 billion U.S. dollars by 2030.
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