Shared mobility has the potential to offer short and long-term solutions in addressing the UN’s Sustainable Development Goals (SDGs) relating to transport, a recent report says. And Africa will play a major role as its shared mobility market is set to have a higher growth rate than other regions by 2030. “While the market is growing fast, it still represents less than 5% of overall global mobility spending, which is more than $10 trillion.”Africa’s growth in the shared mobility sectorAfrica represents only a small part of the global shared-mobility market, with an estimated market size of $4.2bn in 2023. By 2030, the market size is expected to have nearly doubled compared to 2023, to as much as $7.8 billion. “With the industry projected to grow to a $400bn market by 2030, addressing issues such as congestion, emissions, safety concerns, and working conditions will be crucial.”See OliverWyman’s Shared Mobility’s Global Impact report here.
