Global mobility McKinsey

Revenue in the Shared Mobility segment is projected to reach US$1,079,662m in 2022. Revenue is expected to show an annual growth rate (CAGR 2022-2026) of 12.78%, resulting in a projected market volume of US$1,746,517m by 2026 .

Mobility is the industry of transporting people and goods . In recent times, mobility has expanded in scope and complexity beyond binary paradigms of getting from A to B. This is due to advances in multi-modal transport (e.g., changing vehicles mid-journey) and applications of software (e.g., autonomous driving).

With more than 70 million EVs on the road by 2030, the industry will need to install large numbers of public chargers and provide maintenance operations for them . Renewable electricity production needs to increase by 5 percent to meet EV charging demand.

Mobility Market Model City-level modal mix projections covering ten modes of transport—including private, public, and shared—with details on personal and vehicle miles traveled, light-vehicle sales, production, vehicle parc, and demand for shared modes.

As Kevin Roberts, Automotive & Transportation Senior Analyst at EY put it: “Future mobility is about striving towards environment-friendly, integrated, automated and personalised travel on demand .” It might seem counterintuitive, but it may be easier to forecast the long-term future than the near-term.

The future of mobility will strive towards environment-friendly, integrated, automated and personalized travel on demand . Currently, there are multiple modes of transport available in cities globally, including private cars, taxis, buses, and trains.

The Future of Shared-mobility The market is expected to grow at a 16% CAGR from 2018, to reach $180 billion in 2025 . This is a scenario that can be considered as least aggressive; however, with the increasing demand of self-driving taxis, the market can grow at a much higher rate >20% CAGR during the same period.