Shared Mobility Market - Global Industry Analysis

Shared Mobility Market

Shared Mobility Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Category: Technology & Media Report Format : PDF Report Code: ZMR-3908 Status : Upcoming


Global Shared Mobility Market: Overview

In recent years, the trend of shared transportation has increased tremendously owing to various factors such as rapid urbanization, increasing environmental issues, limiting resources of energy, and economic concerns. Thus rental car companies and automobile manufacturers have come up with solutions to solve these issues with the help of the internet and technology. Shared mobility is a term used for sharing transportation services with other individuals. This can include car sharing, bike sharing, taxis, cycles, and much more.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Shared Mobility Market: Growth Factors

One of the key factors escalating market growth is the growing penetration of smartphones and connected vehicles. The growing traffic on the roads, high fuel costs, and decreasing parking spaces are other factors contributing to the growth of the shared mobility market. Provisions are provided by shared mobility such as canceling or modifying the rides and also these rides are cost-effective compared to other modes of transportation thus increasing its demand in the emerging economies. Several governments are taking initiatives to encourage people to use shared mobility in order to solve issues regarding traffic and greenhouse emissions. In addition, the high cost of vehicle ownership is forcing people to opt for solutions/ transportation modes that are cost-effective. Increasing adoption of rail hailing services is expected to positively influence the growth of the shared mobility market.

Certain factors limiting the growth of the shared mobility market are reluctance nature of individuals toward sharing their vehicle with strangers and less knowledge about such type of service models. Low network infrastructure and poor internet connectivity also negatively impacts the shared mobility market.

Global Shared Mobility Market: Segmentation

Global shared mobility market is segmented on the basis of vehicle type and service model. According to the vehicle type, the global market is divided into two-wheelers and cars. In terms of the service model, the shared mobility market is categorized into bike sharing, car sharing, and ride-hailing.

Global Shared Mobility Market: Regional Analysis

Major shared mobility market shares are expected to be held by the Asia Pacific region. It is anticipated that in the coming years also the Asia Pacific will register a good growth rate in the shared mobility market. The market growth is quite visible in this region as the cost of vehicle ownership is increasing along with on-road automobile traffic especially in countries such as India and China. Furthermore, the urban population in these countries is growing and the transport infrastructure is also developing at a rapid rate thus contributing positively to the market growth. Regions such as the Middle East and Africa also anticipate registering a significant growth rate in the future. In countries such as UAE and South Africa, demand for shared transportation is increasing owing to the rise in the number of corporate tourists in these countries. The UAE government is shifting their focus and is taking initiatives to bring under control traffic congestion and greenhouse emissions thus supporting the market growth.

Global Shared Mobility Market: Competitive Players

Some of the major players involved in the shared mobility market include Uber, DiDi Chuxing, and Lyft, among others.

Global Shared Mobility Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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