PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1322948
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1322948
Gross Market Revenue to Exceed $226 Billion by 2030 Due to Innovative Business Models and Increasing Consumer Demand
The shared mobility market in North America is differently structured compared to Europe. In North America, personal cars are still vital. According to the US Census data, 91.5% of US households had at least a single vehicle available in 2020, compared to 90.9% in 2015. The transition to modes that are not cars is slow. Therefore, ride-hailing will remain the largest segment growing steadily, with Uber holding a majority share in the market.
Despite the challenges, with sufficient government support, the gross market revenue is expected to exceed $226 billion by the end of 2030.