Shared Vehicles Market Report 2026

The shared vehicles market size has grown rapidly in recent years. It will grow from $182.63 billion in 2025 to $210.34 billion in 2026 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period can be attributed to rising urban mobility challenges, increasing cost burden of vehicle ownership, growth of app based transportation services, rising awareness of mobility sharing benefits, increasing commuter shift toward shared transportation.

The shared vehicles market size is expected to see rapid growth in the next few years. It will grow to $364.76 billion in 2030 at a compound annual growth rate (CAGR) of 14.8%. The growth in the forecast period can be attributed to increasing demand for flexible mobility, rising integration with urban transit infrastructure, growing acceptance of shared commuting culture, increasing expansion of organized shared mobility platforms, rising focus on sustainable transportation use. Major trends in the forecast period include growing popularity of vehicle sharing as mobility solution, increasing preference for cost efficient travel options, rising use of shared mobility for daily commuting, increasing adoption of flexible transportation choices, growing role of shared vehicles in reducing urban congestion.

Increasing urbanization is expected to propel the growth of the shared vehicles market going forward. Urbanization is the process by which a growing proportion of the population resides in urban areas, resulting in the expansion and development of cities and towns. Urbanization supports the adoption of shared vehicles by addressing urban challenges such as congestion, limited parking, and sustainability, thereby creating favorable conditions for shared mobility solutions. For instance, in April 2024, according to the World Economic Forum, a Switzerland-based non-governmental organization, more than 4.3 billion people, representing 55% of the global population, currently live in urban areas, a share projected to rise to 80% by 2050, highlighting the continued global shift toward urban living. Therefore, increasing urbanization is driving the growth of the shared vehicles market.

Major companies operating in the shared vehicles market are focusing on developing technologically advanced solutions, such as car-share services, to meet evolving mobility needs. Car-share services allow users to rent vehicles for short durations, typically by the hour or day, offering an alternative to traditional vehicle ownership. For instance, in January 2024, Vay, a Germany-based technology company, launched a teledriving car-share service in Las Vegas that enables users to summon remotely operated electric vehicles. Through this service, trained drivers operate the vehicles from remote locations, improving convenience by removing the need for users to walk to a parked vehicle or search for parking spaces. Priced at $0.3 per minute of driving time, the service aims to challenge conventional ride-hailing models. Vay is also exploring collaborations in logistics and public transportation to further expand the use of its teledriving technology.

In May 2023, Getaround Inc., a US-based peer-to-peer car-sharing company, acquired the assets of HyreCar for an undisclosed amount. Through this acquisition, Getaround seeks to increase its shared-vehicle supply, strengthen its position within gig-economy mobility, and integrate HyreCar’s rental infrastructure to expand its footprint across the shared vehicles ecosystem. HyreCar Inc. is a US-based company that provides shared vehicle services.

Major companies operating in the shared vehicles market report are Enterprise Holdings Inc, Avis Budget Group Inc, The Hertz Corporation, Europcar Mobility Group SA, Sixt SE, Turo Inc, Getaround Inc, Communauto Inc, GoGet Carshare Inc, Zoomcar India Private Limited, Car Next Door Pty Ltd, Hourcar Inc, Modo Cooperative, Mobility Carsharing LLC, Cambio Mobilitätsservice GmbH, GreenGo Travel Ltd, Lime, Bird Global Inc, nextbike GmbH, CityBike Wien.

Asia-Pacific was the largest region in the shared vehicles market in 2025. Europe is expected to be the fastest-growing region in the global shared vehicles market during the forecast period. The regions covered in the shared vehicles market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the shared vehicles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The shared vehicle market includes revenues earned by entities by providing services such as free-floating, peer-to-peer (PTP), and ride-hailing car-sharing services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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