Shared mobility to make up 7% of all urban journeys by 2030 - report

(Reuters, 14 Nov 2023) Shared mobility, from ride-hailing services to electric scooters, will make up 7% of all urban transport journeys globally by 2030, up from 3% currently, according to a report published on Tuesday.

The report by consultancy Oliver Wyman, published during Europe's largest tech conference, Lisbon's Web Summit, said the market size of shared mobility was forecast to reach 400 billion dollars by 2030.

Shared mobility has emerged as a "more sustainable model" to solve various transport hurdles, such as cost and emissions, the report says.

"The mobility sector has changed dramatically in recent years and in addition to cars there is now a range of different modes of transport available to people," said Andreas Nienhaus, head of Oliver Wyman's mobility forum.

Olive Wyman used data from ride-hailing and food delivery startup Bolt to put together the report.

"The shared mobility sector has grown to be used by millions of people over the past decade," said Bolt CEO Markus Villig. "We've seen shared mobility integrate into wider city transport systems."

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Reuters, 14 Nov 2023: Shared mobility to make up 7% of all urban journeys by 2030 - report