January 13, 2021
According to the research report titled ‘UAE Shared Mobility Market Analysis, 2020‘, available with Market Study Report LLC, UAE shared mobility market is expected to register a growth rate of 15% during 2020-2025.
As per the report findings, UAE shared mobility market is witnessing substantial gains owing to rising number of tourists and corporate travelers due to a host of events throughout the nation resulting increased demand for shared transportation. Further, efforts taken by the UAE government to provide alternative mobility forms in order to reduce traffic congestion issues and greenhouse gas (GHG) emissions are contributing to the industry growth.
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Moreover, launch of share micro-mobility services by major companies is creating new opportunities for UAE shared mobility industry growth. Citing an instance, Qwikly, a scooter company based in California, introduced a standing-electric scooter shared platform to Dubai, in the year 2018, to focus on shorter-distance travel of 1-3 km.
With respect to the commuting pattern, UAE shared mobility industry is bifurcated into occasional commuting, daily commuting, last-mile connectivity, and others. Among these, daily commuting segment is currently accounts for significant industry share owing to rising costs of car ownership, which is encouraging consumers to switch to affordable options. Further, swelling traffic congestion in cities will boost the segmental share. In fact, the TomTom Traffic Index cites that Abu Dhabi and Dubai held position at 202 and 396 respectively at the world traffic rankings in 2019, indicating a higher demand for shared mobility for daily commuting in these cities.
Based on service type, UAE shared mobility market is segmented into ride sharing, two-wheeler sharing, car sharing, bus/shuttle service, ride hailing, and car rental. in terms of booking type, the market is classified into off-line and on-line. With regards to end-user spectrum, the industry is segmented into business, leisure, and others (emergency etc.).
Major players influencing UAE shared mobility market trends are Uber Technologies, Inc., Udrive Car Sharing, DriveNow, Lyft, Inc., ekar - Pay-Per-Minute Carshare, and Didi Chuxing Technology Co.