Market Research Report
Shared Mobility Telematics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Service Type, By Vehicle Type, By Offering, By Technology, By Region
|Shared Mobility Telematics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Service Type, By Vehicle Type, By Offering, By Technology, By Region|
Published: August 1, 2022
Content info: 117 Pages
Delivery time: 2-3 business days
The global shared mobility telematics market is expected to grow at a significant rate during the forecast period, 2023-2027. The market growth can be attributed to the increasing demand for cab services and the rapid surge in carpool and sharing car services. Mobility sharing telematics is a technology that enables a hybrid mode of transportation to various destinations somewhere between private and public availability. Besides, the rising demand for two-wheeler sharing travel to reduce commute time and save fuel consumption are contributing to the growth of the global shared mobility telematics market. Additionally, advancements in technology and growing penetration of mobile base mobility sharing applications and services are supporting the growth of the global shared mobility telematics market.
Almost all major and minor economies are flooded with automobiles on the road, and growing fleets of automobiles are leading to overcrowding and excessive traffic. The total number of passenger cars sold globally in 2021 was 55.3 million. In the next five years, the global shared mobility telematics market is expected to grow due to increased demand for alternatives to driving your car. Moreover, an increase in the number of passenger cars, two-wheelers, and commercial vehicles is expected to drive the market growth.
More than a quarter of all Americans use ride-sharing services at least once a month. Increasing traffic complaints and excessive fuel consumption due to the high number of passenger cars on the road are driving the demand for two-wheeler sharing, which is aiding the growth of the global shared mobility telematics market in the next five years.
The global shared mobility telematics market is segmented based on service type, vehicle type, offering, technology, regional distribution, and competitive landscape. Based on vehicle type, the market is divided into passenger car and two-wheeler. The passenger car segment is expected to hold the largest share in the global shared mobility telematics market, owing to the high passenger car sales and production. Additionally, rising demands for executive and premium cab-hailing services are projected to boost the market growth.
Key players operating in the global shared mobility telematics market are: SharingOS Holdings Limited, e-motionlabs NV, Fleetster, Avis Budget Group (FastFleet and Local Motion), INVERS GmbH, PBSC Urban Solutions Inc., Geotab Inc., among others.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of the Global shared mobility telematics market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global shared mobility telematics market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in global shared mobility telematics market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
(Note: The companies list can be customized based on the client requirements.)