Shared Mobility - United Kingdom

United Kingdom

The United Kingdom's Shared Mobility market is expected to experience significant growth in the coming years.
By 2024, revenue in this market is projected to reach €55,870.00m.
Moreover, an annual growth rate (CAGR 2024-2029) of 4.12% is expected, leading to a projected market volume of €68,370.00m by 2029.
Flights represent the largest market in the market, with a projected market volume of €24,040.00m by 2024.
The highest number of users is expected to be found in the Public Transportation market with 46,910.00k users by 2029.
In the Shared Mobility market, the user penetration rate of 95.0% in 2024, which is expected to be 95.0% by 2029.
Furthermore, the average revenue per user (ARPU) is expected to amount to €857.90.
Looking towards the future, it is projected that by 2029, 69% of the total revenue in the Shared Mobility market will be generated through online sales.
In global comparison, China is expected to generate the most revenue, with €338bn in 2024.
Nonetheless, the Shared Mobility market in the United Kingdom is still expected to see substantial growth, with promising projections for both revenue and market volume.
The United Kingdom's shared mobility market is experiencing a shift towards electric vehicles, with providers such as Zipcar and Enterprise Car Club leading the way.

Key regions: United States, Saudi Arabia, Germany, Malaysia, India

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.

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Analyst Opinion

The Shared Mobility market in United Kingdom is experiencing a significant shift in consumer behavior, driven by a growing preference for convenient and sustainable transportation options.

Customer preferences: Consumers in the United Kingdom are increasingly valuing flexibility and cost-effectiveness in their transportation choices. Shared Mobility services such as ride-hailing, bike-sharing, and car-sharing are gaining popularity due to their convenience and affordability. Additionally, there is a rising awareness of environmental concerns, prompting more individuals to opt for shared modes of transportation to reduce carbon emissions and alleviate traffic congestion.

Trends in the market: One prominent trend in the Shared Mobility market in the United Kingdom is the integration of various services into multi-modal platforms. Companies are offering combined solutions that allow users to seamlessly switch between different modes of transportation, such as combining ride-hailing with bike-sharing or public transit. This trend not only enhances the overall user experience but also promotes the use of shared mobility options as part of a holistic transportation solution.

Local special circumstances: The United Kingdom's well-developed transportation infrastructure, including extensive public transit networks in major cities, plays a crucial role in shaping the Shared Mobility market. The presence of reliable public transportation systems complements shared mobility services, offering consumers a wide range of choices for their daily commuting needs. Moreover, the UK government's initiatives to promote sustainable transportation and reduce carbon emissions are driving the adoption of shared mobility solutions across the country.

Underlying macroeconomic factors: Economic factors such as increasing urbanization, changing demographics, and evolving consumer preferences are influencing the growth of the Shared Mobility market in the United Kingdom. As more people move to urban areas and seek cost-effective transportation options, shared mobility services become a practical and attractive choice. Additionally, the rise of the gig economy and flexible work arrangements is creating a demand for on-demand transportation services, further fueling the expansion of the shared mobility sector in the UK.

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.