According to MarkNtel Advisors, the UAE Shared Mobility Market is anticipated to grow at a CAGR of around 25.1% during the forecast period, i.e., 2021-26. The growth of the market attributes primarily to the increasing focus of the UAE government on implementing environment-friendly mobility solutions and mounting adoption of connected technologies. Shared Mobility is gaining immense popularity across the UAE since it is a cost-effective solution that eliminates problems associated with traffic congestions & parking spaces.
Top leading companies in the UAE Shared Mobility Market includes:
Uber, DiDi Chuxing, Drive Now, Lyft, Ekar, Udrive, Arabia Taxi, Car Tax, City Taxi, Dubai Taxi, Metro Taxi, National Taxi, One Road.
Market Dynamics:
Key Drivers
Increasing Traffic across the UAE to Drive Customers toward Using Shared Mobility Solutions
With growing population, the problem of traffic congestion is increasing astronomically. According to the TomTom Traffic Index, Abu Dhabi ranked 399 in terms of traffic congestion levels. Morning hours rush in the UAE leads to extra traveling hours. Hence, traffic congestion adds extra cost to economies due to the loss of working hours. Hence, more usage of shared mobility services is expected to help eliminate the problems cited above. Cited-below is a few other aspects expected to drive the market:
Convenience & cost-effectiveness of shared mobility services
Various government initiatives to encourage the adoption of shared mobility services across the UAE owing to environmental concerns & lack of parking spaces
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Report Segmentation:
The market is categorized into the following segments in the report:
By Service Type
-Two-Wheeler Sharing
-Ride Hailing
-Ride Sharing
-Car Rental
-Car Sharing
-Bus/Shuttle Service
By Commuting Pattern
-Daily Commuting
-Last-Mile Connectivity
-Occasional Commuting
-Others
By Booking Type
-On-Line
-Off-Line
By End User
-Leisure
-Business
-Others (Emergency etc.).
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UAE Shared Mobility Market Geographic Reach:
The Geographic Reach of the UAE Shared Mobility Market evaluates the spread and significance of UAE Shared Mobility market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- Dubai, Sharjah & North Emirates, Abu Dhabi & Ain.
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