Two Wheeler Shared Mobility Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Propulsion Type (ICE, Electric), By Mobility Type (Ride Sharing, Vehicle Leasing, Private), By Region, By Competition.
Published Date: April - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request Customization| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 70 billion |
| CAGR (2023-2028) | 12.7% |
| Fastest Growing Segment | Electric Propulsion |
| Largest Market | Asia-Pacific |
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Market Overview
Global Two Wheeler Shared Mobility Market has reached USD 70 billion in 2022 and is expected to depict strong growth in the forecast period with a CAGR of 12.7% until 2028.
Two-wheeler shared mobility market is a fast-growing sector in the wider urban transportation context. This market is noted for the sharing of electric bicycles and scooters, providing city dwellers and commuters with affordable, eco-friendly, and versatile transport modes. These two-wheelers are made accessible by users who find and rent them through smartphone apps, rendering them highly desirable in navigating traffic-prone cities where parking space is a luxury. Reduced emissions and combating urban traffic are some of the characteristic goals of this market. Shared bicycles and electric scooters are environmentally friendly modes of transport compared to the conventional gasoline vehicles, leading to cleaner air and smaller carbon footprints. They also pose a solution to the "last mile" problem, enabling users to finish off their trips effectively from transport centers to destination points.
Key Market Drivers
Urbanization and Traffic Congestion
The continued trend of urbanization has resulted in higher population densities in cities across the globe. As cities become more crowded, traffic congestion and the resultant problems, including long travel times and air pollution, have become more severe. In highly populated urban areas, two-wheelers provide a convenient and effective means of getting through traffic, usually outperforming four-wheeled vehicles. Shared mobility services, like bike-sharing and scooter-sharing applications, capitalize on this trend through offering affordable, convenient options to urban commuters. These services address traffic congestion, lower parking requirements, and facilitate a greener urban transportation paradigm. With further urbanization taking place, the two-wheeler shared mobility market is ready to grow together with it.
Environmental Sustainability
Environmental issues and the need for cleaner transport modes are major drivers of the two-wheeler shared mobility market. As climate change and air pollution gain more attention, governments and individuals alike are looking for environmentally friendly transport modes. Two-wheelers, particularly electric scooters, and bicycles are a clean mode of transport with minimal emissions and lower carbon footprint. Shared mobility services that utilize electric two-wheelers make them even more environmentally friendly. Consequently, city residents are increasingly relying on shared electric bikes and scooters for their daily trips, substituting conventional gas-powered vehicles. Additionally, cities are enforcing policies and incentives for sustainable transport alternatives, including bike lanes and parking for shared two-wheelers. These policies establish a favorable setting for the development of the two-wheeler shared mobility market.
Technological Advancements
Technological advancements are revolutionizing the two-wheeler shared mobility industry in various ways. Mobile apps, GPS tracking, and digital payment systems have simplified the process of users finding, unlocking, and renting shared scooters and bicycles more than ever before. These easy-to-use platforms ensure a hassle-free experience, leading to increased adoption. In addition, the entry of electric two-wheelers has transformed the industry. Electric scooters are increasingly being used in shared mobility fleets because they are quiet, have lower maintenance needs, and no tailpipe emissions. Electric bicycles are also picking up pace, providing customers with a convenient and environmentally friendly way of traveling. Improvements in battery technology have increased the range and battery life of electric two-wheelers, making them more viable for longer trips. Moreover, built-in IoT (Internet of Things) sensors and connectivity allow operators to track vehicle condition, monitor use patterns, and conduct predictive maintenance, maintaining shared fleet reliability.
Economic Factors
Two-wheeler shared mobility service adoption is substantially driven by economic factors. Shared bicycles and scooters tend to be cheaper to use than their private vehicle ownership counterparts, primarily due to limited parking and expensive fuel in large urban centers. They are able to utilize these services on a pay-as-you-go mode, without requiring any initial investments in vehicle acquisition. The sharing economy and flexible work patterns have also helped boost shared mobility. Shared two-wheelers are part-time or gig-based work vehicles for many. Two-wheelers are available and affordable, making them a convenient source of flexible income. Shared two-wheelers provide a bridging of transport options in areas of poor public transportation and present an affordable option by which individuals are able to move to their preferred destinations. Cost, in association with convenience, is an underlying factor behind two-wheeler shared mobility uptake.
Altering Lifestyles and Mobility Preferences
Altering lifestyles and mobility tastes are changing urban travel mode preferences. The next generation is more and more prioritizing experiences and convenience over car ownership. This change in attitude has driven the demand for shared mobility services, such as two-wheelers. Urban dwellers are in search of nimble and on-demand transportation modes that complement their hectic lifestyles. Shared bicycles and scooters provide a convenient mode of transportation that can be easily fit into daily lifestyles. They are perfect for short journeys, like daily commuting to the workplace, errands, or city tours, and hence are best adapted to contemporary urban living. In addition, two-wheeler sharing is not confined to age groups and appeals to a wide spectrum of users who value the independence, convenience, and affordability offered by such services. As such changing lifestyles and preferences continue, the two-wheeler shared mobility market will continue to grow.
Government Support and Regulations
Government support and regulation are important in determining the two-wheeler shared mobility market. Most city governments and local authorities have come to see that shared mobility services help alleviate traffic congestion and lower emissions. These governments, in turn, have introduced supportive regulations and policies to encourage the expansion of such services. Governments are introducing laws pertaining to parking, security, and fleet management to facilitate the safe operation of shared two-wheelers. Governments are also usually engaged in activities to design exclusive bike lanes and infrastructure to make travel safer and easier for users. In addition, subsidies and incentives on electric two-wheelers, as well as preferential taxation and grants, are inducing operators to invest in environmentally friendly shared mobility services. Government incentives are not only inducing the growth of shared two-wheelers but also promoting healthy competition between operators, resulting in better service quality and accessibility.
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Key Market Challenges
Regulatory Complexity and Heterogeneity
One of the biggest hurdles for the two-wheeler shared mobility industry is the complex interweave of regulations and the heterogeneity of rules between various regions and countries. Regulations include a vast array of considerations such as safety regulations, vehicle characteristics, operating standards, parking standards, and data protection standards.
The inconsistency in regulatory frameworks can be very difficult for operators trying to scale their services in multiple locations. Every region might have different rules and requirements, thus requiring the business model and operations to be tailored to meet them. This variability can result in higher compliance costs and operational complexities. In addition to that, regulations are constantly changing as governments react to the development of shared mobility services. Maintaining pace with evolving regulations and ensuring compliance can tax resources and introduce uncertainty into the market. Operators need to develop robust relationships with host governments and continue advocacy activities to influence policies driving the expansion of shared two-wheeler services while maintaining safety and responsible operations.
Safety Issues and Infrastructure Shortfalls
Safety is a top priority in the two-wheeler shared mobility segment, and resolving safety issues is crucial for its viability. Shared electric scooters and bikes are ridden by a variety of users, some of whom may be inexperienced or unfamiliar with local traffic regulations. Safety issues may be brought about by rider conduct, i.e., reckless riding, helmetless riding, or riding on footpaths, and endangering pedestrians and other users of the road. Partly, unsafe infrastructure, like poor road conditions or a lack of exclusive bike lanes, can also lead to safety problems.
As a means to counteract safety issues, operators need to invest in education programs for their riders and advocate responsible riding habits. Promoting the use of helmets, enforcing geofencing-based speed limits, and charging users penalties for violations of rules are some measures being taken by operators. Municipalities and cities are also contributing towards enhancing safety through investments in the upgrade of infrastructure, such as the creation of dedicated bike paths and enhanced signage. Inter-operational collaboration and cooperation with the local authorities are indispensable in ensuring that shared two-wheelers and other modes of transportation coexist peacefully.
Competition and Market Saturation
The shared two-wheeler mobility market has grown extensively, resulting in a high level of competition among operators. Competition becomes fiercer as more players join the market, and operators have to compete for a portion of the user base. Market saturation in some urban areas can be a problem because there may be more supply of shared two-wheelers than demand, resulting in idle fleets and decreased profitability. Operators would need to plan fleet sizes and locations prudently based on demand patterns to overcome this problem. The competitive environment is also changing as new players experiment with new models and technologies. In other instances, incumbent e-commerce and ridesharing players have ventured into the two-wheeler sharing space, leveraging their large resources and consumer bases. This is another layer of complexity in the competition dynamics in the sector. To survive, players need to differentiate their offerings by technology integration, user experience, and service quality. The capability to offer differentiated features and value-added services can assist operators in acquiring and keeping users in a competitive market.
Technological Limitations and Maintenance
The dependency on technology is a foundation of two-wheeler shared mobility services, but it has challenges regarding maintenance and technology issues. Shared e-bikes and scooters come with several components, such as batteries, GPS, locks, and connectivity hardware, which all must remain functional for the service to run effectively.
Technological constraints can result in operational disruptions, e.g., scooters or bicycles becoming unusable due to battery, connectivity, or software issues. These disruptions not only cause inconvenience to users but also add operational costs related to maintenance, repair, and fleet management. In addition, harsh weather conditions, e.g., heavy rain or extreme cold, can hasten wear and tear on shared two-wheelers, resulting in higher maintenance requirements. Operators need to implement effective maintenance procedures and have regular checks conducted to tackle such issues in timely manner. In addition, swappable battery scooters have triggered concerns regarding stolen batteries and acts of vandalism requiring extra security installations and surveillance.
User Behaviour and Responsibility
User behaviour and responsibility pose quite a challenge to the two-wheeler shared mobility industry. Inconsiderate or careless riding behavior by users may create safety hazards and vehicle damage, adversely affecting the user experience as well as the image of the service. Some of the problems associated with user behavior are sidewalk riding, violations of traffic laws, non-helmet usage, and inappropriate parking of common two-wheelers or blocking of pedestrian routes. All these activities result in encounters with pedestrians, drivers, and dwellers. Operators are responsible for informing users of proper riding habits and enforcing rules through suspensions and penalties. Proper communication, in-app reminders, and user outreach campaigns are used to encourage responsible behavior. Furthermore, theft, vandalism, and vehicle disposal issues necessitate operators to install security features and monitoring systems to protect their fleets. Operators need to balance convenient access to shared two-wheelers with encouraging users to behave responsibly and adhere to local laws.
Key Market Trends
Electric Two-Wheelers Market Dominance
Among the strongest trends in the two-wheeler shared mobility industry in recent times is the growing dominance of electric two-wheelers, such as electric scooters and bicycles. As the world's cities push for the reduction of emissions and control of air pollution, electric mobility solutions have taken center stage. Shared mobility operators are quickly transforming their fleets from the conventional gasoline-fueled ones to electric alternatives. Electric scooters, in fact, have become increasingly popular because they run on zero emissions, offer a silent ride, and are easy to operate. Electric bicycles are also increasingly found in shared mobility fleets, offering consumers environmentally friendly modes of transportation. Electric two-wheeler adoption is influenced by a number of factors, such as government incentives, green consciousness, and improvements in battery technology. Customers like the convenience of electric shared mobility, and governments tend to provide subsidies and incentives to encourage their use. With advancements in battery technology, electric two-wheelers are increasingly becoming affordable, efficient, and reliable, making them a viable option for operators as well as customers.
Integration with Multimodal Transportation
Another key trend in the two-wheeler shared mobility industry is the integration of shared two-wheelers into multimodal transport systems. Numerous urban residents are adopting a multimodal travel mode, utilizing multiple transport modes to travel quickly to their destinations. Shared two-wheelers, e.g., electric scooters and bicycles, are supplemented by other modes of transport, i.e., public transport and ride-sharing. Users are able to change their mode of transport from one to the other within one trip easily, saving time and providing convenience. In order to make this integration easier, mobility providers are collaborating with transit agencies and creating integrated apps where users can plan and pay for their whole journey in one smooth process. This is part of the increased trend towards more flexible and interconnected modes of transport within cities, as users seek easy ways to travel around the city.
Emphasis on Safety and Infrastructure
Safety has emerged as a top priority in the shared two-wheeler mobility market, and this has resulted in a trend of greater focus on safety features and infrastructure upgrades. With the increasing popularity of shared two-wheelers, the safety of riders and other road users is now a top priority for operators and regulatory bodies. Most shared mobility operators are spending on safety features and rider education initiatives to encourage safe riding habits. Helmets, reflective vests, and safety guidelines are frequently included when shared electric scooters and bicycles are offered. Furthermore, some operators have introduced geofencing technology to regulate speed and prohibit the use of two-wheelers in certain zones, like sidewalks. In addition, cities are spending money on infrastructure development for shared two-wheelers. Specialized bike lanes, bike-sharing facilities, and enhanced road signage make for better and safer riding conditions. Governments and cities are proactively developing a safe and friendly space for shared two-wheelers as they become an integral component of urban mobility.
Growth Beyond City Centers
Whereas shared two-wheelers were first popularized in high-density urban centers, one of the growing trends is the expansion of these services beyond city centers. Operators are seeing the possibility of shared mobility in suburban and even rural areas, offering inhabitants convenient means of transportation that were hitherto available only in urban areas. Suburban growth provides various benefits, such as lower competition among riders, reduced operating expenses, and higher utilization of shared two-wheelers. Operators are evolving their business models to serve suburban and rural residents, offering shared two-wheelers to a wider group of users. This is in keeping with the shifting tastes of those who are looking for alternatives to conventional car ownership in non-urban areas. As shared two-wheelers are becoming available in more places, they provide an environmentally friendly and affordable mode of transport for a broader population.
Micro-Mobility as Last-Mile Connectivity Solution
Last-mile connectivity is a major problem in urban mobility, and micro-mobility options like shared e-scooters and e-bikes are stepping up as an effective solution. This movement aims to solve the "last mile" issue, which is getting from a mobility hub, for example, a train station or bus stop, to the point of destination. Shared two-wheelers offer a convenient and environmentally friendly way to travel short distances within urban regions. The users can access the shared bicycles or scooters in the vicinity of transportation stations and use them to finish their journeys rapidly and efficiently. This mode of transportation curtails dependence on personal vehicles and eases traffic congestion in metropolitan areas. Operators are placing their fleets strategically along transit stops and points of interest to serve commuters and residents who need convenient last-mile connectivity. Access to shared two-wheelers for last-mile transportation can minimize the total number of vehicles on the road and enhance urban mobility.
Regulatory Frameworks and Standardization
Two-wheeler shared mobility space is witnessing growing focus from regulatory bodies aiming to lay down end-to-end frameworks for these services. Governments are unveiling regulations as the industry evolves with a view to ensuring safety, operational practices, and good conduct by operators and riders. Rules address different domains such as speed, parking practices, data privacy, insurance requirements, and practices in fleet management. These standards seek to establish a level playing field for operators, improve rider safety, and handle concerns on sidewalk congestion and pedestrian safety. Standardization initiatives are also on the horizon to facilitate interoperability between various shared mobility services and simplify the user experience. Common data-sharing protocols and payment schemes are one example of how standardization can serve both users and operators.
Segmental Insights
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Mobility Type Analysis
The market is segregated into three types based on service typeride-hailing, car leasing, and private. The ride-hailing segment is expected to dominate the market in the forecast period of the mobility as a service market. The variety of booking options and comfort of these services are among the strongest factors supporting the demand for the ride-hailing industry. Another market force acting upon the business is the extent to which ride-hailing platforms facilitate picking up and leaving off fare payers compared to conventional taxis.
Regional Insights
Europe, South America, Asia Pacific, North America, the Middle East, and Africa are some of the regions examined for the market. Asia Pacific is the most significant market for the global Two Wheeler Shared Mobility market,as of 2022. China dominates the international market for shared transportation. About 33% of Chinese utilize Two Wheeler Shared Mobility as a transport mode, with private cars in second place. Apart from this, they also look to go for robotaxi and shuttles in the future. China's Didi Chuxing and the United States' Uber are the largest ride-hailing Two Wheeler Shared Mobility companies, holding more than 40% of all Two Wheeler Shared Mobility bookings. On the revenue side, the Asia Pacific region's Two Wheeler Shared Mobility industry evolved at a significant pace. Ride sourcing and ride sharing businesses are well liked in ASEAN countries, India, and China, which strengthens the industry within the region. Providers of service within Asia Pacific like UBER, OLA, Grab SG, and DIDI Chuxing dominate a substantial share of the Two Wheeler Shared Mobility market. Additionally, growing urban population, rising working-class customers, and overcrowded public transport are some of the primary factors driving the demand for Two Wheeler Shared Mobility solutions.Additionally, a rise in the number of daily commuters within the region, along with a decline in the number of cars per thousand people, are key variables fueling the demand for shared travel.
Recent Developments
- UberTechnologies Inc. announced the debut of UberX Share in June 2022, whichprovides shared rides in New York, San Francisco, Chicago, Los Angeles,Portland, Phoenix, Pittsburgh, San Diego, and Indianapolis in the UnitedStates. The business intends to expand UberX Share, which allows users to sharea ride, save money, remain on schedule, and make sustainable decision.
- InJune 2022, IFC, the World Bank Group's private sector arm, struck a deal withBlaBlaCar to invest around US$ 15 million to assist Two Wheeler Shared Mobilityplatform expansion across Brazil and provide access to environmentallyfriendly, accessible, and inexpensive travel.
Key Market Players
- Uber Technologies Inc.
- ANI Technologies Pvt. Ltd.
- Lyft, Inc.
- Careem
- Bolt Technology OÜ
- Gett
- Enterprise Holdings Inc.
- Europcar
- Curb Mobility
- Rapido
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By Mobility Type |
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