인도의 공유 모빌리티 성장 기회(2024-2035년)

Bike Taxi and Bikesharing Driving Transformational Growth

India's urban mobility landscape is undergoing a structural transformation driven by rising urbanization, policy mandates, digital ecosystems, and growing consumer demand for affordable and sustainable transport. This study presents a comprehensive and forward-looking analysis of the Indian shared mobility market, offering stakeholders a data-backed foundation to navigate an increasingly dynamic and competitive environment. As mobility demand diversifies across income segments and city tiers, this research is crucial for OEMs, mobility operators, investors, and public sector stakeholders seeking to navigate a high-growth, high-complexity environment.

This study covers six core shared mobility segments-ridehailing, bike taxi, rickshaw sharing, carsharing, bikesharing, and demand-responsive transport (DRT)-across Indian cities. The analysis spans from 2024 to 2035, with detailed market sizing and forecasting with 2024 as the base year. For each segment, the study covers:

• Business model segmentation and definitions
• Fleet and revenue market sizing (2024-2035) with CAGR analysis and year-on-year growth trends
• Top 3 strategic trends per mode, each structured with: o Why the trend is emerging o Implications on stakeholders o City/operator case study o Overall market impact o Competitive analysis of key operators

Scope of Analysis

This study evaluates the growth potential of the Indian shared mobility market over the defined forecast period.

• It focuses on key market segments, including ridehailing, carsharing, bike taxis, bikesharing, rickshaw sharing, and demand-responsive transit (DRT).
• The research provides a comprehensive overview of the current state of the shared mobility landscape in India and projects its evolution over the coming years, considering varying market dynamics.
• It also examines macroeconomic drivers influencing growth, key operational challenges faced by market players, and actionable strategies for improvement.
• For each of the identified segments, the study presents an in-depth analysis across the following dimensions:
• Key market trends shaping the future of shared mobility
• Forecasts of vehicles in operation and gross market value (GMV) for the forecast period
• Regulatory landscape, competitive dynamics, and the evolution of each segment
• Implications for stakeholders such as automakers, urban planners, infrastructure providers, and venture capitalists

The Impact of the Top 3 Strategic Imperatives on the Indian Shared Mobility Industry

Innovative Business Models

Why:

• Innovative mobility business models such as Mobility-as-a-Service (MaaS), electric mobility with Battery-as-a-Service (BaaS), shared and micro-mobility, subscription-based vehicle access, and emerging autonomous technologies are reshaping how India moves. These models promise to enhance urban connectivity, reduce congestion and emissions, lower the cost of vehicle access, and support India's net-zero ambitions.

Frost Perspective:

• Shared mobility in India plays a key role in solving last-mile connectivity, reducing emissions, and lowering urban mobility costs.
• EV integration with shared mobility is accelerating, especially for delivery and commuter segments. However, challenges remain in unit economics, regulatory clarity, vehicle availability, and driver retention.

Disruptive Technologies

Why:

• These technologies are enabling smarter, cleaner, and more connected transportation systems-from EV adoption driven by battery innovation to AI-powered ridehailing and predictive maintenance using IoT. They are helping reduce emissions, enhance road safety, optimize traffic flow, and personalize user experiences. However, they also challenge existing regulatory frameworks, require massive investments, and may widen the digital divide if not inclusively deployed.

Frost Perspective:

• Technologies are making shared mobility in India more efficient, user-friendly, and scalable.
• Real-time GPS tracking, AI-driven route optimization, IoT-based vehicle monitoring, and predictive maintenance enhance reliability and reduce downtime.
• Mobile apps, digital payments, and vernacular interfaces improve accessibility and convenience, especially for diverse user groups.

Industry Convergence

Why:

• This convergence is accelerating the shift towards shared, electric, and digital mobility, driving innovation at scale and creating integrated ecosystems that offer seamless user experiences. However, it also brings complex challenges such as regulatory overlap, data interoperability, cybersecurity risks, and the need for cross-sector policy coordination.

Frost Perspective:

• As the industry and technology matures, we will see greater collaborations between the various stakeholders increase to take advantage of capabilities.
• Traditional automakers are collaborating with tech companies for connected vehicle solutions, energy firms are investing in EV charging networks, fintech start-ups are enabling innovative vehicle financing and insurance models, and telecom providers are powering IoT-enabled mobility services.

Growth Drivers

• Urban Congestion and Rising Fuel Costs
• Expansion into Tier II and III Cities
• Government Push for Multimodal and Green Mobility
• Smartphone Penetration and App-Based Accessibility
• Rising Millennial and Gen Z Preferences
• Smart City Infrastructure and Integration with Public Transport

Growth Restraints

• Urban Planning and Integration Challenges
• Saturation in Urban Markets
• Regulatory Hurdles and Policy Ambiguity
• Tech and Infrastructure Limitations
• Vandalism and Misuse of Shared Asset
• Fleet Electrification Challenges

Key Competitors

• Ridehailing
  • Ola
  • Uber
  • BluSmart
  • Rapido
• Carsharing
  • Myles
  • Revv
  • Zoomcar
  • Bike Taxi
  • Ola
  • Uber
  • Rapido
• Bikesharing
  • Yulu
  • Mybyk
  • Smart Bike
  • Chartered Bike
  • Trin Trin
• Rickshaw Sharing
  • Rapido
  • Ola
  • Uber
• DRT
  • Chalo
  • Cityflo
  • Easy Commute

Competitive Environment

• Number of Competitors
  • 15+ with revenue greater than $1.0 million
• Competitive Factors
  • Cost, Tech Maturity, Safety, Regulatory Conditions, Driver Loyalty, Pricing Models
• Key End-user Industry Verticals
  • First- and Last-mile, Commuters, Students, Tourists, Corporate Mobility, Leisure Travel
• Leading Competitors
  • Ola, Uber, Rapido
• Other Notable Competitors
  • Yulu, Chalo, Zoomcars
• Distribution Structure
  • App-based Bookings
• Notable Acquisitions and Mergers
  • Uber partnered with ONDC in 2023

Table of Contents

Research Scope

• Scope of Analysis
• Market Segmentation

Growth Environment: Transformation in India Shared Mobility Market

• Why is it Increasingly Difficult to Grow?
• The Strategic Imperative 8
• The Impact of the Top 3 Strategic Imperatives on the Indian Shared Mobility Industry

Ecosystem in India Shared Mobility

• Macroeconomic Factors and Their Impact on Shared Mobility
• Low Motorization Rate-High Opportunity for Shared Mobility
• Private Vehicle Ownership-India Is at a Tipping Point
• Shared Vehicles Can Reduce Transport-Related CO2 Emissions
• Regulatory Landscape in India
• Electrification Strategies Impacting Shared Mobility Modes
• Expansion into Tier II and III Cities-Operator Strategies
• Shared Mobility in India-Gaps to Address
• Comparative Analysis and Strategic Recommendations
• Competitive Environment
• Key Competitors
• Implication to the Stakeholders

Growth Generator in Indian Shared Mobility Market

• Growth Metrics
• Growth Drivers
• Growth Restraints
• Forecast Considerations
• Revenue and Fleet Size Forecast
• Gross Market Revenue Forecast by Segment
• Forecast Analysis
• Fleet Size Forecast by Segment
• Pricing Trends and Forecast Analysis

Growth Generator Carsharing

• Carsharing Structure in India
• Growth Metrics
• Revenue and Fleet Size Forecast
• Forecast Analysis
• Trend 1-Rise in Subscription Models
• Trend 2-Electrification of Carsharing Fleets
• Trend 3-Growth in P2P Sharing
• Traditional Carsharing-Companies to Watch

Growth Generator Ridehailing

• Taxi Market Structure in India
• Growth Metrics
• Revenue and Fleet Size Forecast
• Forecast Analysis
• Trend 1: Emergence of New Players in the Indian Ridehailing Sector
• Trend 2: Increased EV Adoption
• Trend 3: Technology-Led Safety Initiatives
• Trend 4: Diversification of New Services
• Ridehailing-Companies to Watch

Growth Generator Bikesharing

• Bikesharing Market Structure in India
• Growth Metrics
• Revenue and Fleet Size Forecast
• Forecast Analysis
• Trend 1-Electrification Improves Accessibility
• Trend 2-Integration with Other Modes of Transport
• Trend 3-Expansion of Dockless Bikesharing System
• Trend 4-Government-Driven Bikesharing Development
• Bikesharing-Companies to Watch

Growth Generator Bike Taxi

• Bike Taxi Market Structure in India
• Growth Metrics
• Revenue and Fleet Size Forecast
• Forecast Analysis
• Trend 1-Rising Demand for Short-Distance Travel
• Trend 2-Enhancing Firstand Last-Mile Connectivity
• Trend 3-Standardized Regulations Can Further Market Growth
• Trend 4-Gig Economy in India
• Bike Taxi-Companies to Watch

Growth Generator Rickshaw Sharing

• Rickshaw Sharing Market Structure in India
• Growth Metrics
• Revenue and Fleet Size Forecast
• Forecast Analysis
• Trend 1-Electrification of the Fleet
• Trend 2-Moving Away from Commission-Based to SaaS Model
• Trend 3-Moving Away from Private to Public-Led Aggregators
• Trend 4-Firstand Last-Mile Connectivity
• Rickshaw Sharing-Companies to Watch

Growth Generator Demand Responsive Transit

• DRT Market Structure in India
• Growth Metrics
• Revenue and Fleet Size Forecast
• Forecast Analysis
• Trend 1-Electrification of the Fleets
• Trend 2-Changing Regulation Frameworks
• Trend 3-Geographic Expansion and Fleet Expansion
• Trend 4-Added Value Proposition for Commuter Travel
• DRT-Companies to Watch

Growth Opportunity Universe in India Shared Mobility

• Growth Opportunity 1: Expansion into Tier II and Tier III Cities
• Growth Opportunity 2: Electric Vehicle EV Integration in Shared Fleets
• Growth Opportunity 3: Integration with Public Transit Multimodal Mobility

Appendix & Next Steps

• Benefits and Impacts of Growth Opportunities
• Next Steps
• List of Exhibits
• Legal Disclaimer