Shared mobility, or when vehicles are shared among individuals over time or together among multiple passengers, appears to be here to stay. Consumers racked up more than 15 billion hailed-mobility trips in 2019, with revenues reaching $130 billion. By 2030, total revenues from hailed mobility could increase to between $450 billion and $860 billion, accounting for 80 to 90 percent of consumer spending in shared mobility.
As consumers demand convenient, cost-effective, and sustainable modes of travel in urban areas, this kind of mobility is surging. According to a McKinsey analysis of annual reports, the number of e-hailing trips tripled from 5.5 trillion in 2016 to 16.5 trillion in 2019. Over the past decade, shared mobility has also become an attractive field for investors. Since 2010, private investors, technology companies, and others have directed more than $100 billion into shared-mobility companies. Cities are pursuing emissions-cutting goals to address the climate crisis, and this decade may see an even more dramatic shift to flexible, shared, and sustainable ways to travel.
In this article, McKinsey offer us their perspective on four key segments of shared transportation: hailed mobility, car sharing, shared micromobility, and urban aerial mobility (UAM). They also reveal their projections for sizing up the shared-mobility market in 2030, including estimated global revenues and major trends for each segment. Finally, they present two visions of the future of this mobility based on varying levels of consumer adoption, regulatory support, and technological advancement. Accsess the full report in the link below.
