The coronavirus pandemic has affected almost every aspect of daily life, from day-to-day consumption to political and societal course changes. One of the segments that largely experienced growth instead of a decline in 2020 is the short-term shared mobility service market. Data from our ÌÇÐÄÆƽâ°æ Mobility Outlook shows that bike sharing in particular has drastically its revenue compared to 2019.
With proceeds rising from $5 billion to roughly $6.6 billion, this specific branch of short-term sharing saw an increase of 32 percent last year. Bike sharing is also by far the most-used on-demand mobility service worldwide with roughly 669 million people using a shared bicycle in 2020. With tighter government regulations and a general hesitation of the public to use transport services with enclosed spaces, it's no surprise that car sharing revenue went down by over $2 billion when comparing 2019 to 2020. What's more surprising: As of 2020, e-scooter services like Lime or Tier were used by more people than car sharing services. Still, this segment of the mobility sector only contributed roughly $1 billion or 6 percent of the total short-term sharing market revenue in the past year, although researchers are already looking at how to best integrate these kinds of micro services .
Even after the expected pandemic slump of 2020, the mobility market is expected to grow steadily over the next couple of years. Flights, ride-hailing and public transportation excluding trains made up the majority of the $752 billion of revenue generated in 2020 by an estimated four billion users around the globe.
