The global shared mobility market reached USD 492.21 billion in 2022 and is expected to reach over USD 945.83 billion by 2030, at a CAGR of 8.5% from 2022 to 2030.
Shared mobility is a transport service provided by the organizations wherein they arrange vehicles to provide commuting service from one place to another. The organization own a fleet of vehicles which it uses in providing service such as hiring, ride sharing, and mobility. The fare entirely depends upon the distance and time for the costumer to travel to the destination. In the recent years, the trend of shared transportation has increased tremendously owing to diverse factors such as rapid urbanization, increase in environmental issues, limited resources of energy, and economic concerns.
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Crucial factors accountable for market growth are:
| Report Highlights | Details |
| Market Size | USD 945.83 Billion by 2030 |
| Growth Rate | CAGR of 8.5% From 2021 to 2030 |
| Largest Market | Asia Pacific |
| Fastest Growing Market | LAMEA |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Type, Vehicle Type, Business Model, Region |
| Companies Mentioned | Avis Budget Group, ANI Technologies Pvt. Ltd. (OLA), car2go NA LLC, Beijing Xiaoju Technology Co, Ltd., The Hertz Corporation, WingzInc., Uber Technologies Inc., Curb Mobility, GrabHoldings Inc., Lyft Inc., Careem Inc. |
Regional Snapshots
The Asia Pacific region dominated the shared mobility market contributing more than xx% in 2020 and is expected to witness significant growth during the forecast period owing to significant rise in on road traffic and high costs of vehicle ownership in countries such as India and China. For instance, On 23rd September 2021, OLA announced that it is building a ‘new mobility ecosystem’ with the consumer at its core. This will to brought to people through Ola-designed electric vehicles (EVs) customized for diverse shared mobility needs.
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Report Highlights
Driver
The rapid growth of the automobile industry and the Government initiatives in promoting the use of shared mobility services across the world are expected to drive the growth of the shared mobility market. For instance, On 27th July 2021, Intercity mobility startup Zingbus, announced that they have raised INR 44.6 crore and these funds will be utilized in order to develop technology for the next leap of improvement in traveler experience and expansion of their service in new geographical location.
Opportunity
The growing concerns over the air pollution caused by the extensive use of automobiles and the Government initiatives in encouraging the shared mobility services are some factors that is expected to create opportunities for the shared mobility market.
Challenges
The unlikeliness of the travelers to travel with unknown individuals and the rising concerns over theft of private information are some of the attributes that is expected to challenge the growth of the shared mobility market.
Recent Developments
Segments Covered in the Report
By Type
By Vehicle Type
By Business Model
By Vehicle Propulsion
By Sales Channel
By Sector Type
By Geography
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Shared Mobility Market, By Type
7.1. Shared Mobility Market, by Type, 2021-2030
7.1.1. Ride-sharing
7.1.1.1. Market Revenue and Forecast (2019-2030)
7.1.2. Vehicle Rental/Leasing
7.1.2.1. Market Revenue and Forecast (2019-2030)
7.1.3. Ride Sourcing
7.1.3.1. Market Revenue and Forecast (2019-2030)
7.1.4. Private
7.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 8. Global Shared Mobility Market, By Vehicle
8.1. Shared Mobility Market, by Vehicle, 2021-2030
8.1.1. Passenger Cars
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. LCVs
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Busses & Coaches
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Micro Mobility
8.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Shared Mobility Market, By Business Model
9.1. Shared Mobility Market, by Business Model, 2021-2030
9.1.1. P2P
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. B2B
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. B2C
9.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Shared Mobility Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Type (2019-2030)
10.1.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.1.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.1.4.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.1.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.1.5.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.2.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.2.4.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.2.5.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.2.6.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.7.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.2.7.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.3.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.3.4.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.3.5.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.3.6.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.7.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.3.7.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.4.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.4.4.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.4.5.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.4.6.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.7.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.4.7.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.5.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.5.4.3. Market Revenue and Forecast, by Business Model (2019-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.5.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.5.5.3. Market Revenue and Forecast, by Business Model (2019-2030)
Chapter 11. Company Profiles
11.1. Avis Budget Group
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. ANI Technologies Pvt. Ltd. (OLA)
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. car2go NA LLC
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Beijing Xiaoju Technology Co, Ltd.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. General Motors Company
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Ford Motor Company
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Robert Bosch GmbH
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Hyundai Motor Company
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. The Hertz Corporation
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. WingzInc.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. Uber Technologies Inc.
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
11.12. Curb Mobility
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives
11.13. GrabHoldings Inc.
11.13.1. Company Overview
11.13.2. Product Offerings
11.13.3. Financial Performance
11.13.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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