India Shared Mobility Market Research Report: By Service Type, Vehicle Type, Commuting Pattern, End Use, Region - Competitive Analysis and Growth Forecast to 2025

Published: February 1, 2021 |

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Title:
India Shared Mobility Market Research Report: By Service Type (Two-Wheeler Sharing, Ride Sharing, Ride Hailing, Car Rental, Carsharing, Bus/Shuttle Service), Vehicle Type (Two-Wheelers, Cars, Buses/Vans), Commuting Pattern (Daily Commuting, Last-Mile Connectivity, Occasional Commuting), End Use (Personal, Business), Region (East, West, North, South) - Competitive Analysis and Growth Forecast to 2025.

Opting for shared mobility is way more cost-effective than buying an automobile and then maintaining it throughout its lifetime. This is why the Indian shared mobility market will witness a massive 56.8% CAGR between 2020 and 2025. At this rate, the revenue generated from the provision of such services across the country is expected to increase from $1,025.8 million in 2019 to $3,952.8 million by 2025.

Cost-effectiveness is a key driver for the Indian shared mobility market as most people living in cities still are not too wealthy, therefore cannot afford to purchase vehicles. By sharing an automobile, people do not have to pay for the vehicle and fuel cost, regular repairs and maintenance, insurance, and parking, as all such expenses are borne by the service provider. Users only need to pay on the basis of the journey distance and time.

Due to the COVID-19 pandemic, the Indian shared mobility market has been dealt a severe blow. Due to the lockdown and movement restrictions imposed in the country last year, offices and manufacturing plants were shut down. This led to a mass exodus of working-class people back to their hometowns, thereby reducing the demand for transportation services massively. Similarly, seeing the decrease, many of the drivers of shared vehicles also went home, so the market players in many places didn't have enough resources to offer the services.

In the coming years, the ride-hailing category is expected to witness the fastest growth in the Indian shared mobility market, on the basis of service type. The millennials in big cities are rapidly shifting from conventional mobility options, such as buses and autorickshaws, to ride-hailing services, as these services are integrated with advanced technologies and offer the advantage of no crowding.

The cars category, under the vehicle type segment of the Indian shared mobility market, held the largest share in the past. Compared to two-wheeler sharing and bus/van shuttle services, car rental and ride-hailing services saw the earlier introduction in the country.

In the near future, the highest CAGR in the Indian shared mobility market, of 60.3%, is predicted to be seen in the daily commuting category, based on commuting pattern. The demand for shared mobility services for daily commuting is rising among young professionals and college-goers.

Personal will be the larger bifurcation in the Indian shared mobility market in the years to come, under segmentation by end use. Presently, such services are majorly used by people for visiting someone, traveling to the office or college, buying groceries, and leisure purposes, such as going to shopping malls, bars, stadia, and restaurants.

Currently, players in the Indian shared mobility market prosper the most in the southern part of the country. All major cities in South India, including Chennai, Bengaluru, Hyderabad, and Visakhapatnam, have a strong network of service providers. The market is expected to grow the fastest in the eastern region of the country in the near future because of the rising demand for such services in Assam, West Bengal, and Odisha.

Major companies operating in the Indian shared mobility market are: ANI Technologies Pvt. Ltd. (Ola), Uber Technologies Inc., Comuto SA, Meru Mobility Tech Pvt. Ltd., Zoomcar India Pvt. Ltd., Carzonrent India Pvt. Ltd., Roppen Transportation Services Pvt. Ltd., Mega Cabs Pvt. Ltd., Vogo Automotive Pvt. Ltd. (Vogo), Yulu Bikes Pvt. Ltd., and Wicked Ride Adventure Services Pvt. Ltd. (Bounce).

Product Code: AT11556

Chapter 1. Research Background

1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
- 1.3.1 Market Segmentation by Service Type
- 1.3.2 Market Segmentation by Vehicle Type
- 1.3.3 Market Segmentation by Commuting Pattern
- 1.3.4 Market Segmentation by End Use
- 1.3.5 Market Segmentation by Region
- 1.3.6 Analysis Period
- 1.3.7 Market Data Reporting Unit
  - 1.3.7.1 Value
1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research
2.2 Primary Research
- 2.2.1 Breakdown of Primary Research Respondents
  - 2.2.1.1 By region
  - 2.2.1.2 By industry participant
  - 2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments
- 4.1.1 By Service Type
  - 4.1.1.1 Two-Wheeler Sharing
  - 4.1.1.2 Ride Hailing
  - 4.1.1.3 Ride Sharing
  - 4.1.1.4 Car Rental
  - 4.1.1.5 Carsharing
  - 4.1.1.6 Bus/Shuttle Service
- 4.1.2 By Vehicle Type
  - 4.1.2.1 Two-Wheelers
  - 4.1.2.2 Cars
  - 4.1.2.3 Buses/Vans
- 4.1.3 By Commuting Pattern
  - 4.1.3.1 Daily Commuting
  - 4.1.3.2 Last-Mile Connectivity
  - 4.1.3.3 Occasional Commuting
  - 4.1.3.4 Others
- 4.1.4 By End Use
  - 4.1.4.1 Personal
  - 4.1.4.2 Business
4.2 Value Chain Analysis
4.3 Market Dynamics
- 4.3.1 Trends
  - 4.3.1.1 Ongoing technological development
  - 4.3.1.2 Increasing investments from investors
- 4.3.2 Drivers
  - 4.3.2.1 Cost-effective and convenient mobility option
  - 4.3.2.2 Government initiatives facilitating the adoption of shared mobility services
  - 4.3.2.3 Urban road congestion
  - 4.3.2.4 Impact analysis of drivers on market forecast
- 4.3.3 Restraints
  - 4.3.3.1 Improper infrastructure for deployment of shared mobility
  - 4.3.3.2 Insufficient internet penetration
  - 4.3.3.3 Regulatory hurdles
  - 4.3.3.4 Impact analysis of restraints on market forecast
- 4.3.4 Opportunities
  - 4.3.4.1 Introduction of shared mobility ecosystem
  - 4.3.4.2 Deployment of electric fleet in shared mobility services
  - 4.3.4.3 Introduction of autonomous vehicles in shared mobility
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Buyers
- 4.4.2 Bargaining power of suppliers
- 4.4.3 Intensity of Rivalry
- 4.4.4 Threat of New Entrants
- 4.4.5 Threat of Substitutes

Chapter 5. Regulatory Landscape

5.1 Guidelines for Ride Sharing and Ride Hailing
5.2 Guidelines for Car Rental
5.3 Guidelines for Two-Wheeler Sharing

Chapter 6. Impact of COVID-19 On Shared Mobility Market in India

6.1 Impact of COVID-19 on Shared Mobility
6.2 Impact of COVID-19 on Last Mile Connectivity

Chapter 7. India Market Size and Forecast

7.1 By Service Type
7.2 By Vehicle Type
7.3 By Commuting Pattern
7.4 By End Use
7.5 By Region

Chapter 8. Shared Mobility Service Usage Analysis

8.1 By Rides
8.2 By Miles
8.3 By Members

Chapter 9. Shared Mobility Technology Trends

9.1 Electric Vehicle as Shared Mobility
- 9.1.1 Goals for Electric Vehicles
9.2 Autonomous Vehicle as Shared Mobility

Chapter 10. Competitive Landscape

10.1 List of Other Players
10.2 Market Share Analysis of Key Players
10.3 Competitive Analysis of Key Players
10.4 Recent Activities of Major Players
10.5 Recent Strategic Development
- 10.5.1 Investments & Funding
- 10.5.2 Service Launches
- 10.5.3 Partnerships
- 10.5.4 Other Developments
10.6 Strategic Growth Plan of Major Players

Chapter 11. Company Profiles

11.1 Uber Technologies Inc.
- 11.1.1 Business Overview
- 11.1.2 Product and Service Offerings
11.2 ANI Technologies Pvt. Ltd. (Ola)
- 11.2.1 Business Overview
- 11.2.2 Product and Service Offerings
11.3 Comuto SA
- 11.3.1 Business Overview
- 11.3.2 Product and Service Offerings
11.4 Zoomcar India Pvt. Ltd.
- 11.4.1 Business Overview
- 11.4.2 Product and Service Offerings
11.5 Meru Mobility Tech Pvt. Ltd.
- 11.5.1 Business Overview
- 11.5.2 Product and Service Offerings
11.6 Carzonrent India Pvt. Ltd.
- 11.6.1 Business Overview
- 11.6.2 Product and Service Offerings
11.7 Mega Cabs Pvt. Ltd.
- 11.7.1 Business Overview
- 11.7.2 Product and Service Offerings
11.8 Roppen Transportation Services Pvt. Ltd.
- 11.8.1 Business Overview
- 11.8.2 Product and Service Offerings
11.9 Vogo Automotive Pvt. Ltd. (Vogo)
- 11.9.1 Business Overview
- 11.9.2 Product and Service Offerings
11.10 Wicked Ride Adventure Services Pvt. Ltd. (Bounce)
- 11.10.1 Business Overview
- 11.10.2 Product and Service Offerings
11.11 Yulu Bikes Pvt. Ltd.
- 11.11.1 Business Overview
- 11.11.2 Product and Service Offerings