Global Shared Mobility Market, By 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)), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Shared mobility market size is valued at USD 1,180.03 billion by 2028 and is expected to grow at a compound annual growth rate of 25.18% over the forecast period of 2021 to 2028. Data Bridge Market Research report on shared mobility market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Shared mobility is a type of a commuting service in which organizations give commercial vehicles for commuting from one place to another. The owners of a variety of commercial vehicles offer their fleet of vehicles to an organization which then provides these vehicles for ride sharing, hiring and mobility.
The shared mobility market has a huge potential to grow over the forecast period of 2021 to 2028, owing to the rapidly increasing automotive sales. In addition, the rising penetration of connected vehicles and smartphones as well as the growing on-road vehicle traffic and fuel costs are also largely influencing the growth of the shared mobility market. Also the high per capita income as well as the rising cost of vehicle ownership pushing individuals to decide on for another option so as to deal with the transportation problem is another driver flourishing the shared mobility market growth. Additionally, the creating alternative mobility forms for dropping traffic congestion issues and greenhouse gas (GHG) emissions are projected to witness significant growth in the above mentioned forecast period.
However, the market of shared mobility though has certain limitations which can obstruct the potential growth of the market such as the lack of preference in travelling with strange individuals while sharing transportation as well as growing concerns regarding theft of private information, whereas the obligation of taking a longer common route because of sharing transportation have the potential to challenge the growth of the shared mobility market in the above mentioned forecast period.
In addition, the high growth of the automobile industry and the growth of an integrated ecosystem within the transport industry as well as increased governments initiatives to encourage the growth of such solutions so as to reduce traffic congestion on roads will further offer various growth opportunities for the shared mobility market in the forecast period of 2021 to 2028.
This shared mobility market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on shared mobility market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Shared Mobility Market Scope and Market Size
Shared mobility market is segmented on the basis of service type, vehicle type, business model, sector type, autonomy level and power source. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of service type, the shared mobility market is segmented into ride hailing, bike sharing, ride sharing, car sharing and others.
- On the basis of vehicle type, the shared mobility market is segmented into cars, two-wheelers and others.
- Shared mobility market is segmented on the basis of business model into peer-to-peer (P2P), business-to-business (B2B) and business-to-consumer (B2C).
- Based on sector type, the shared mobility market is segmented into unorganized and organized.
- Based on autonomy level, the shared mobility market is segmented into manual, autonomous and semi-autonomous.
- The power source segment of the shared mobility market is segmented into fuel powered, hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV) and battery electric vehicle (BEV).
Shared Mobility Market Country Level Analysis
Shared mobility market is analyzed and market size, volume information is provided by country, service type, vehicle type, business model, sector type, autonomy level and power source as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Asia-Pacific leads the shared mobility because of the increasing On-road vehicle traffic and costs of vehicle ownership in countries such as China and India within this particular region. Middle East and Africa is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the high demand for shared transportation solutions due to rising number of corporate travelers in various countries in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Shared Mobility Market Share Analysis
Shared mobility market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the shared mobility market.
The major players covered in the shared mobility report are Avis Budget Group, car2go NA, LLC, Beijing Xiaoju Technology Co, Ltd., Mobiag, movmi Shared Transportation Services Inc., Grab, Uber Technologies Inc., ANI Technologies Pvt. Ltd., Lyft, Inc., Careem, Bolt Technology OÜ, Gett, HERTZ SYSTEM, INC., Aptiv, Enterprise Holdings Inc., MOBIKO, Europcar, Curb Mobility, BlaBlaCar and Wingz among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Shared Mobility Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.