The UAE Shared Mobility Market is expected to witness around 25.1% CAGR in the forecast period of 2021-26, says MarkNtel Advisors in their research report. The UAE's transportation sector contributes to a majority share of air pollution. As a result, the increasing air pollution levels are surging the need for an alternative mode of transportation.
Hence, the demand for shared mobility services is significantly rising in UAE Shared mobility is a cost-effective way of reducing the vehicle maintenance & fuel expenses of consumers. In addition, mounting traffic congestions and less available parking spaces are other crucial factors driving the demand for shared mobility solutions across the UAE, further states the research report, "UAE Shared Mobility Market Analysis, 2021."
Key Questions Answered in the Study
Increasing Car Ownership Costs Boosts the Shared Mobility Market for Daily Commuters in the UAE
Daily Commuting holds the 53.71% share of the UAE Shared Mobility Market in 2021. The shift in consumer preferences toward cost-effective transportation modes entwined with increasing costs of car ownership are the prime factors attributing to the dominance of Daily Commuters in the UAE Shared Mobility Market. Additionally, mounting road congestions, especially across regions like Dubai & Abu Dhabi, are also surging the adoption of shared mobility services among daily commuters and, in turn, fueling the overall market growth.
“UAE Shared Mobility Market Analysis, 2021” highlights insights on the market potential & opportunities, along with business strategies to enhance the overall market growth. The report offers an overview of leading market players and their recent developments. Moreover, the report provides incredible market opportunities & emerging trends to help stakeholders make appropriate decisions before investing.
Loss of Working Hours owing to Heavy Traffic Jams in Dubai Augments the Demand for Shared Mobility Services
Among all the regions of UAE, Dubai captures around 45.98% share of the UAE Shared Mobility Market. The whopping market share attributes primarily to the significant travel times in Dubai because of traffic congestion. As a result, the people around Dubai are shifting toward shared mobility services to reduce their traveling times eventually.
In 2020, Dubai ranked 230 in the global traffic levels, claims the TomTom Traffic Index.
Moreover, since Dubai is the commercial hub, the demand for share mobility solutions is gradually increasing in order to minimize the loss of working hours during traveling. Hence, the growing number of working corporates are adopting car sharing & ride-hailing services and contributing to the overall market growth across Dubai, reveals MarkNtel Advisors in their research report, "UAE Shared Mobility Market Analysis, 2021."
According to MarkNtel Advisors, the leading industry players in the UAE Shared Mobility Market include Uber, DiDi Chuxing, Drive Now, Lyft, Ekar, and Udrive. The pay-per-minute model, operated by Ekar and Udrive, is the fastest growing shared mobility segment in the UAE, further aided by the government through free RTA parking, thus boosting the growth of the Shared Mobility market.