MENA Shared Mobility Services Market Seen Soaring 17.6% Growth by 2030, Projects Univdatos Market Insights

Key Highlights of the Report:

• The MENA region is experiencing a growing demand for shared mobility services due to factors such as urbanization, population growth, and the increasing popularity of ride-hailing apps.
• There has been a significant increase in investment in shared mobility services in the MENA region in recent years, with many startups and established companies entering the market.
• Governments in the MENA region are investing in the development of infrastructure such as dedicated lanes and smart traffic management systems to support the growth of shared mobility services.
• Shared mobility services can have a positive impact on the environment by reducing the number of cars on the road and promoting the use of electric and hybrid vehicles.
• The MENA shared mobility services market is highly competitive, with many players vying for market share. This competition is expected to drive innovation and improve the quality and affordability of shared mobility services in the region.

According to a new report by Univdatos Market Insights, The MENA Shared Mobility Services Market was valued at 20.9 billion in 2022 and is expected to grow at a steady rate of around 17.6% in the forecasted period (2023-2030) owing to the increasing urbanization. The Shared Mobility Services Market refers to the industry that provides various forms of shared transportation services to individuals, including ride-sharing, car-sharing, bike-sharing, and scooter-sharing. These services are designed to provide an affordable and sustainable transportation option for people who do not own a personal vehicle or prefer not to use one. Shared mobility services are an essential part of the transportation landscape, and they offer many benefits for individuals, communities, and the environment. Furthermore, the market is also driven by rising environmental concerns and the need for more efficient, cost-effective transportation options and government initiatives.

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Governments in the MENA region have taken a number of initiatives to support the growth of shared mobility services. These initiatives include the introduction of regulatory frameworks, investment in infrastructure, public-private partnerships, promotion of electric and hybrid vehicles, and support for innovation. These initiatives are designed to create a favorable environment for the development of shared mobility services in the region and to help address the challenges associated with traditional modes of transportation such as traffic congestion and air pollution. By supporting the growth of shared mobility services, governments in the MENA region are helping to promote more sustainable and efficient transportation options for their citizens.

Some of the recent developments are:

• Careem, the Middle East’s largest ride-hailing company, announced in 2021 that it would transition its entire fleet to electric vehicles by 2025
• In 2020, Uber has also announced plans to introduce electric vehicles in several cities across the MENA region.
• Dubai’s Roads and Transport Authority (RTA) has announced plans to introduce autonomous public transportation services, including driverless buses and shuttles, by 2020

Conclusion

The shared mobility services market in the MENA region has significant potential for growth and development, and it is likely to play an increasingly important role in the region’s transportation landscape in the years to come.

Key Offerings of the Report

Market Size, Trends, & Forecast by Revenue | 2023−2030

Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities

Market Segmentation – A detailed analysis by software types, and industry

Competitive Landscape – Top Key Vendors and Other Prominent Vendors