By Service Type (Two Wheeler Sharing, Ride Hailing, Ride Sharing, Car Rental, Car Sharing, Bus/Shuttle Service)
The increasing number of corporate travellers and tourists in the UAE due to a host of events is snowballing the overall demand for shared transportation solutions, thereby reinstating the market outlook of the shared mobility in the country. Moreover, to reduce traffic congestion issues and greenhouse gas (GHG) emissions, the UAE government is coming up with alternative mobility forms which is likely to augment the regional market share of the mobility market during the forecast period.
According to the MarkNtel Advisors’ research report titled “UAE Shared Mobility Market Analysis, 2020”, the CAGR of the UAE Shared Mobility market is expected to be more than 15% during 2020-25. To tap the market potential in the country, the key market players are launching share micro-mobility services, thus showing evident potential in being an active part i the growth of the UAE Shared Mobility market. For instance, California-based scooter company, Qwikly, launched a standing-electric scooter shared platform to Dubai in 2018, focusing on shorter-distance travel of 1-3 km.
Daily commuting segment is projected to dominate the UAE Shared Mobility market in 2020 on an account of surging costs of car ownership, thus encouraging consumers to switch to a better option. Increasing traffic congestion in the cities is expected to accelerate the demand for shared mobility services in the near future. For instance, according to the TomTom Traffic Index, Dubai and Abu Dhabi ranked 202 and 396 respectively among world traffic rankings in 2019. Therefore, the revenue share of daily commuting is expected to rise in the forecast period.
According to MarkNtel Advisors, the UAE Shared Mobility market is highly fragmented. The market players in the UAE Shared Mobility market are Uber, DiDi chuxing, Drive now, Lyft, Ekar, Udrive, etc. Pay-per-minute model, operated by Ekar and Udrive, is the fastest growing shared mobility segment in the UAE, further aided by government support in the form of free RTA parking, thus boosting the growth of the Shared Mobility market.
The new companies are entering the market to capture a significant market share and to gain competitive edge over other established market competitors.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of UAE Share Mobility market?
What are the country wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the UAE Share Mobility market?
Who are the key competitors or market players and how they perform in UAE competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of UAE Share Mobility market study?
Q. What is the historical year, base year and forecast year considered in the research report UAE Share Mobility Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up-to 2025.
Q. What are the units or denomination for measuring market value in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR UAE Share Mobility market during 2020-25?
A. The market size of UAE Share Mobility market during 2020-25 is forecast to be more than 15%.
Q Which city would grab the highest market share during 2020-25?
A. It is forecast that Dubai will dominate the market with 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. Daily commuting pattern would continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Share Mobility across the globe.