New York – United States
Data Bridge Market Research analyses that the Shared Mobility Market is expected to reach USD 39.10 billion by 2030, which is USD 4.46 billion in 2022, at a CAGR of 31.18% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Private vehicles are the most popular mode of transport in almost every nation. Globally, 67% of survey respondents said they use their private vehicles normally, while 38% said they used public transportation regularly. With regards to that, it has been witnessed that hailing services especially e-hailing accounted for the largest share form $120 billion to $130 billion, which is more than 90% of the total market. Also, peer-to-peer car sharing and car sharing account for less than 10% of this market, which reflects higher convenience of e-hailing. The investments in car-sharing market, at around $3 billion, are small compared to investments in the e-hailing.
Access an Exclusive Sample of Shared Mobility Market Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-shared-mobility-market&Somesh=
Shared Mobility Market Dynamics
Drivers
- Increasing emergence of new modes and services
New services and modes have emerged such as pooled ride-sharing, shared electric scooters, peer-to-peer car sharing and many more. This emergence has been attributed to their automated processes, personalized travel on demand, potential integration, and environment-friendly nature. The growth and expansion in penetration of connected cars and smartphones is a key factor expected to drive the growth of the shared mobility market.
Opportunities
- Increasing demand for ride-hailing service model
The demand for the ride-hailing service model increases due to the increasing internet penetration in developing countries around the world. The rise in introduction of new types of services to ensure the customer satisfaction is also anticipated to act as a major factor for the market growth. For instance, Uber, a shared mobility provider, has introduced different business variants such as UberLUX, UberSUV and Uber Black, including the use of dedicated Uber vehicles in the rental business. The increasing demand for ride-hailing services could be attributed to increased traffic congestion, passenger comfort, easier bookings and augmented government programs to increase public awareness regarding air pollution and encourage to participate in riding, especially ride-hailing. Therefore, increasing demand for ride-hailing service model will create lucrative opportunities for the market growth
Some Of The Major Players Operating In The Shared Mobility Market Are:
- Avis budget group (U.S.)
- car2go NA, LLC (U.S.)
- Beijing Xiaoju Technology Co, Ltd. (China)
- Mobiag (Portugal)
- movmi Shared Transportation Services Inc. (Canada)
- Uber Technologies Inc. (U.S.)
- ANI Technologies Pvt. Ltd. (India)
- Lyft, Inc. (U.S.)
- Careem (U.A.E)
- Bolt Technology OÜ (Estonia)
- Gett (U.K.)
- HERTZ SYSTEM, INC. (U.S.)
- Aptiv (Ireland), Enterprise Holdings Inc. (U.S.)
- MOBIKO (Germany)
- Europcar (France)
- Curb Mobility (U.S.)
- BlaBlaCar (France)
- Wingz (U.S.)
Recent Development
- In 2022, The Toro Company, a provider of innovative solutions for outdoor environment has acquired The Intimidator Group Inc, US-based side-by-side vehicle manufacturer. With this acquisition, the Toro Company goals at strengthening its position in zero-turn mower market and emerging as a major market player in the global market.
- In 2020, Polaris Inc. launched RideReady, an industry-first on-demand digital service platform. This new RideReady digital strategy aims at leveraging digital technology and solutions for offering industry-leading tools, which break down the barriers of building affinity, ownership and loyalty with existing customers. RideReady connects the shared mobility dealers and owners with Indian Motorcycle for easily scheduling service appointments online.
Get a Comprehensive Understanding of This Research Report @ https://www.databridgemarketresearch.com/reports/global-shared-mobility-market?Somesh=
Market Segmentation of Shared Mobility Market:
Service Model
- Ride Hailing
- Bike Sharing
- Ride Sharing
- Car Sharing
- Others
Vehicle Type
- Cars
- Two-Wheelers
- Others
Business Model
- Peer-To-Peer (P2P)
- Business-To-Business (B2B)
- Business-To-Consumer (B2C)
Sector Type
- Unorganized
- Organized
Autonomy Level
- Manual
- Autonomous
- Semi-Autonomous
Power Source
- Fuel Powered
- Hybrid Electric Vehicle (HEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Battery Electric Vehicle (BEV)
We appreciate you taking the time to read this article. To explore specific chapters or regional reports, including North America, Europe, or Asia, please visit our website.
About Data Bridge Market Research:
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience, which was formulated and framed in the year 2015 in Pune.
Media Contact
Sopan Gedam
Organization: Data Bridge Market Research
Phone: +1-888-387-2818
Email: sales@databridgemarketresearch.com
Web: www.databridgemarketresearch.com