According to a new report by UnivDatos, The MENA Shared Mobility Services Market was valued at 20.9 billion in 2022 and is expected to grow at a steady rate of around 17.6% in the forecasted period (2023-2030) owing to the increasing urbanization. The Shared Mobility Services Market refers to the industry that provides various forms of shared transportation services to individuals, including ride-sharing, car-sharing, bike-sharing, and scooter-sharing.
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These services are designed to provide an affordable and sustainable transportation option for people who do not own a personal vehicle or prefer not to use one. Shared mobility services are an essential part of the transportation landscape, and they offer many benefits for individuals, communities, and the environment. Furthermore, the market is also driven by rising environmental concerns and the need for more efficient, cost-effective transportation options and government initiatives.
Governments in the MENA region have taken a number of initiatives to support the growth of shared mobility services. These initiatives include the introduction of regulatory frameworks, investment in infrastructure, public-private partnerships, promotion of electric and hybrid vehicles, and support for innovation. These initiatives are designed to create a favorable environment for the development of shared mobility services in the region and to help address the challenges associated with traditional modes of transportation such as traffic congestion and air pollution. By supporting the growth of shared mobility services, governments in the MENA region are helping to promote more sustainable and efficient transportation options for their citizens.
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Some of the recent developments are:
· Careem, the Middle East's largest ride-hailing company, announced in 2021 that it would transition its entire fleet to electric vehicles by 2025
· In 2020, Uber has also announced plans to introduce electric vehicles in several cities across the MENA region.
· Dubai's Roads and Transport Authority (RTA) has announced plans to introduce autonomous public transportation services, including driverless buses and shuttles, by 2020
Conclusion
The shared mobility services market in the MENA region has significant potential for growth and development, and it is likely to play an increasingly important role in the region's transportation landscape in the years to come.
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