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Market Research Report
Product code
1067213
Shared Mobility Market Share, Size, Trends, Industry Analysis Report, By Type, By Vehicle Type, By Business Model; By Region; Segment Forecast, 2022 - 2030 |
Shared Mobility Market Share, Size, Trends, Industry Analysis Report, By Type, By Vehicle Type, By Business Model; By Region; Segment Forecast, 2022 - 2030 |
Published: February 1, 2022
Polaris Market Research
Content info: 118 Pages
Delivery time: 1-2 business days
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The global shared mobility market size is expected to reach USD 188.43 billion by 2030 according to a new study by Polaris Market Research. The report "Shared Mobility Market Share, Size, Trends, Industry Analysis Report, By Type (Ride-sharing, Vehicle Rental/Leasing, Ride Sourcing, Private), By Vehicle Type (Passenger Cars, LCVs, Busses & Coaches, Micro Mobility), By Business Model; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing proliferation of smartphones and increasing demand for connected vehicles are the chief driving factor for the industry growth. In addition, unavailability of the parking spaces, especially in developed nations, tied with the growing prices of fuel and increasing on-road vehicle traffic is also attributed to the industry demand. Furthermore, the development of the automobile industry and integrated ecosystem across the transport sector and the introduction of several government initiatives to promote the growth of shared mobility are also creating lucrative opportunities for industry demand in forthcoming years.
Based on the type, the ride-sharing segment is dominating the global industry with the highest revenue shares owing to the emergence of technologically advanced autonomous ride-sharing and changing customer preferences. Whereas the vehicle rental/leasing segment shows the most elevated CAGR rate that leads to industry demand. Factors such as rising vehicle ownership prices and the increasing fuel & maintenance cost are bolstering the segment demand. Moreover, escalating international tourism activities further leads the segment growth over the forecast period.
The growing investment by the regulatory bodies for strengthening shared mobility systems is the major driving factor for the market growth. The increasing population-level leads to increasing concern as it may negatively impact the environment and human health. Consequentially, governments persuade the population to hold back themselves from using automotive as much as they can. Furthermore, customers renting personal drivers for their vehicles because of their cost-effectiveness tend to travel through shared transportation. Therefore, the rising trend of sharing rides with families and friends instead of personal rides is surging the demand for shared mobility across the globe.
Market participants such as Aptiv, ANI Technologies Pvt. Ltd., Avis Budget Group, Bolt Technology OU, car2go NA, Beijing Xiaoju Technology Co, Ltd., Careem, Enterprise Holdings Inc., Grab, Gett, HERTZ SYSTEM, INC., Lyft, Inc., MOBIKO, Mobiag, movmi Shared Transportation Services Inc., Uber Technologies Inc., The Hertz Corporation, limited liability Company (LLC), and Zipcar Inc. are some of the key players operating in the global market.
The frequent tactical movements such as mergers & acquisitions, product developments & launches, and others by the prominent market players support global market development. For instance, in September 2021, Transdev partnered to boost the company's services with the introduction of the "Transit On-Demand booking platform."
Polaris Market Research has segmented the shared mobility market report on the basis of type, vehicle type, business model, and region:
Shared Mobility, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Ride-sharing
Vehicle Rental/Leasing
Ride Sourcing
Private
Shared Mobility, Vehicle Type Outlook (Revenue - USD Billion, 2018 - 2030)
Passenger Cars
LCVs
Busses & Coaches
Micro Mobility
Shared Mobility, Business Model Outlook (Revenue - USD Billion, 2018 - 2030)
P2P
B2B
B2C
Shared Mobility, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Netherlands
Spain
Austria
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
List of Tables
Figure 1. Global Shared Mobility Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Approach
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Vehicle Type
Figure 7. Global Shared Mobility Market, by Vehicle Type, 2021 & 2030 (USD Billion)
Figure 8. Market by Type
Figure 9. Global Shared Mobility Market, by Type, 2021 & 2030 (USD Billion)
Figure 10. Market by Business Model
Figure 11. Global Shared Mobility Market, by Business Model, 2021 & 2030 (USD Billion)
Figure 12. Shared Mobility Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 13. Strategic Analysis - Shared Mobility Market