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Global Shared Mobility Market – Industry Trends and Forecast to 2030

  • Automotive
  • Upcoming Report
  • Jan 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Shared Mobility Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 4.46 Billion
Diagram Market Size (Forecast Year) USD 39.10 Billion
Diagram CAGR %

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)) – Industry Trends and Forecast to 2030.

 Shared Mobility Market Analysis and Size

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.

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.

Shared Mobility Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

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))

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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 (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

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), and Wingz (U.S.)

Market Opportunities

  • Increasing demand for ride-hailing service model
  • Increasing usage of electric vehicles and autonomous cars

Market Definition

Shared Mobility is a travelling service which is used to share transportation services with other customers. In this service, the owners of commercial vehicle shares their vehicle with an organization that then provide these vehicles for hiring & mobility services, ride-sharing. The price of these vehicles depends on ride duration and distance. Shared Mobility includes bike sharing, scooter sharing, limos, taxis, car sharing, ridesharing, and many other vehicles sharing.

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.

  • Growing popularity of ridesharing among consumers

Various companies have started making mobile apps that help toward non-ownership rides. In this module, the rider can book their ride easily according to their requirements such as time, route and type of vehicle for the particular time frame. Ridesharing is increasing at the significant rate in the forecast period, and this can be owing to the wide adoption of the elegant and cost-effective mode of transport rides among customers. Therefore, growing popularity of ridesharing among consumers is likely to impel the market growth.

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

Restraints

  • Multiple issues associated with shared mobility services market

Lack of preference in travelling with strange people while sharing transportation and increasing concerns about theft of private information are some of the major factors which are expected to hinder the market growth. Furthermore, the responsibility to take a longer route because of sharing transportation is likely to challenge the market during the forecast period.

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 the 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.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Global Shared Mobility Market

The outbreak of COVID-19 had a negative impact on the shared mobility market growth due to change in mobility patterns of customer all over the globe. Mobility of people has decreased significantly during the pandemic. Customers opted for a sanitized and safe mode of transportation and highly avoided shared mobility services such as ride sharing. Ride-hailing also decreased owing to the implementation of some measures such as fear of congestion, social distancing and reduced commuting. However, other areas of this service, such as micro-mobility services, witnessed a rising demand due to the development in e-commerce business. Furthermore, now customers use micro-mobility vehicles such as scooters, e-bikes, electric-pedal assisted bicycles and others for daily travel. This is projected to increase the growth of the market during the forecast period.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

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.

Global Shared Mobility Market Scope

The shared mobility market is segmented based on the service model, vehicle type, business model, sector type, autonomy level and power source. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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)

 Shared Mobility Market Regional Analysis/Insights

The shared mobility market is analyzed and market size insights and trends are provided by country, service model, vehicle type, business model, sector type, autonomy level and power source as referenced above.

The countries covered in the shared mobility market report are report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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 (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the shared mobility market in terms of revenue growth and market share owing high costs of vehicle ownership and increasing on-road vehicle traffic in countries such as India within and China in this region.

Europe is projected to be the fastest developing region during the forecast period of 2023-2030. This is mainly because of high demand for shared transportation solutions owing to the increasing number of corporate travelers in this region.

 The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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

The 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, Global presence, production sites and facilities, production capacities, 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 shared mobility market.

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.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Data Bridge Market Research is a leader in 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 price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market 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 (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The shared mobility market size will be worth USD 39.10 billion by 2030.
The growth rate of the shared mobility market is 31.18% in the forecast by 2030.
Major companies 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.), etc.
Service model, vehicle type, business model, sector type, autonomy level, and power source are the factors on which the shared mobility market research is based.
The increasing emergence of new modes and services & Growing popularity of ridesharing among consumers are the growth drivers of the shared mobility market.
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