Strategic Analysis of Shared Mobility Market in Australia and New Zealand

Strategic Analysis of Shared Mobility Market in Australia and New Zealand

Gross Market Value to Exceed $11 Billion by 2030, Driven by Innovative Business Models and Increasing Consumer Demand

The COVID-19 pandemic has definitely brought about a lot of positive, flexible changes in the way people are moving; for instance, tourists now use P2P carsharing instead of traditional car rentals.

The car is increasingly losing its importance as a status symbol, and millennials are very comfortable using multiple mobility apps to complete their journeys. Mobility-as-a-Service now integrates ride hailing and shared mobility services. Many shared mobility operators report utilization rates reaching pre-pandemic levels.

Australia is highly urbanized, with the top 20 cities accounting for 70% of the total population. Australia and New Zealand’s (ANZ's) population growth is also higher than that of Europe or North America, with a growing young, urban population open to using shared mobility modes.

The analysis covers changing market dynamics, outlines trends impacting the market’s recovery, and provides a future-focused outlook for the various segments across the ANZ mobility industry. It also includes pandemic-adjusted forecasts until 2030 for 6 key shared mobility segments: Traditional and P2P carsharing, bike sharing, ride hailing, demand responsive Transit (DRT), and Mobility-as-a-Service (MaaS). The analytics outlines primary growth opportunities and calls to action for shared mobility industry stakeholders, from a short-to-medium-term perspective.