The changing consumer preferences and increasing investment by private companies are expected to boost the market of UAE's shared mobility in the near future. The rising government initiatives to implement environment-friendly solutions are driving the demand for shared mobility services in the region. For instance, Dubai plans to achieve a target of having 42,000 EVs on the streets by 2030.
According to the MarkNtel Advisors’ research report titled “UAE Shared Mobility Market Analysis, 2020”, CAGR of UAE Share Mobility market is expected to register substantial growth during 2020-25 with the market size of witnessing a considerable uptick by 2025. Car sharing and ride-hailing acquired the subsequent market share in the UAE shared mobility in 2020. Benefits such as saving time and money, ease of use, comfort, etc. are encouraging the individuals to use ride-hailing service in the country.
These services are accessed across all age group of customers in UAE; and companies such as Udrive are further using this as a market opportunity and expanding their services across the UAE to fulfill additional demand for customers. For instance, Udrive launched a car-sharing service in Abu Dhabi in 2018. Consequently, the share of ride-hailing segment is rising over the past few years, therefore, leading to considerable investment which is changing the market outlook of the UAE Share Mobility market.
Dubai acquired the majority market share in the UAE Share Mobility market in 2020. The number of riders using shared mobility in Dubai was clocked at 33.24 million riders in 2019, hence projecting a significant impact on the growth of shared mobility in the country. Moreover, Dubai’s Roads and Transport Authority (RTA) is also working on autonomous mobility and shared mobility/transport projects. The Dubai RTA launched a Smart hail system in 2017, which is projected to upsurge in the coming years, as stated in MarkNtel Advisors’ research report “UAE Shared Mobility Market Analysis, 2020”.
According to the MarkNtel Advisors research report, the UAE Share Mobility market is highly fragmented. The key market players in the UAE Share Mobility market are Uber, DiDi chuxing, Drive now, Lyft, Ekar, Udrive, etc. To increase their footing through strategic initiatives, the companies are trying to gain a competitive edge over the other market competitors.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation, and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR UAE Share Mobility market during 2020-25?
A. The market size of the UAE Share Mobility market during 2020-25 is forecast to be more than XX%.
Q Which city would grab the highest market share during 2020-25?
A. It is forecast that Dubai will dominate the market with the majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in UAE Share Mobility market?
A. Uber, DiDi chuxing, Drive now, Lyft, Ekar, Udrive, etc. are few of the leading players in the UAE Share Mobility market.
Q. Does the report scope cover city-wise market statistics also?
A. Yes, the scope of the report encompasses detailed city statistics such as market size, market segmentation based on various subcategories
Q. Which commuting model segment would emerge as an opportunity area for players in Share Mobility?
A. The daily commuting pattern would continue to grow at the highest CAGR, presenting immense opportunities for manufacturers and suppliers of Share Mobility across the globe.