Shared mobility is a type of transport service in which organisations organise facilities to provide commuting services from one location to another. Some commercial vehicle owners donate their fleet to the organisation, which uses these vehicles to provide services such as rentals, carpooling, and commuting. The price is entirely determined by the distance and time it takes the customer to arrive at the destination. The trend of shared transport has grown significantly in recent years as a result of numerous factors such as rapid urbanisation, rising environmental concerns, limited energy resources, and economic concerns, which are expected to drive the global shared mobility market. During the forecast period, the Shared Mobility market is expected to grow at a CAGR of 28.8%.
Shared Mobility Market Report Scope and Research Methodology:
The report depicts a clear Shared Mobility Market structure, as well as current market trends and forecasts to identify potential investment areas. It includes historical data, recent technological advancements, the competitive landscape, and government policy, among other market-influencing factors. The Shared Mobility Market report provides clients with information on major drivers, restraints, challenges, and opportunities. To facilitate understanding, the market has been divided into three major segments, each of which has been further subdivided into various sub-segments. The report also includes a segment-by-segment analysis of market growth factors, as well as a competitive analysis of major market players based on their expansion plans, products, investments, pricing, and presence in the Shared Mobility industry.
The information gathered for the Shared Mobility Market report using these methods was combined to produce accurate and error-free conclusions. As part of the primary research, interviews were conducted with subject-matter experts, Shared Mobility industry participants, high-level executives of key market players, industry consultants, and other experts. The market report's PESTLE analysis aids in the development of company strategies. A SWOT analysis was used to determine the market's strengths and weaknesses.
Shared Mobility Market Overview:
The study examines market growth drivers and challenges, as well as company plans, procedures, and a comprehensive financial strategy. Customization and extensive information about Shared Mobility industry potential meet customer expectations. The Shared Mobility Market research investigates the competitive landscape and key players in the industry. This Shared Mobility market study aids in structure planning in light of current industrial conditions.
Shared Mobility Market size was valued at US$ 94 Billion in 2020 and the total Shared Mobility Market revenue is expected to grow at 28.8% through 2021 to 2027, reaching nearly US$ 552.76 Billion.
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Shared Mobility Market Dynamics:
Shared mobility is a new trend, but it is a powerful force that is rapidly shifting consumer preferences away from car ownership and towards another mode of transportation. Many of the changes will be positive, as the growth of the shared mobility market opens up new and profitable opportunities for a variety of companies, including automakers, parts suppliers, technology firms, and aerospace professionals. For example, the market is small because the vehicles used for airborne transportation in cities are expensive, and most people are unable to afford private ownership. Business models in which multiple passengers purchase vehicle tickets or companies share the cost of transporting goods, on the other hand, can make urban air mobility an accessible and affordable option.
Shared Mobility Market Segmentation:
When examining the evolution of travel development over time, the NHTSA survey reveals that e-hailing maintained a clear dominant role in the shared mobility market from 2016 to 2019, recording significant growth over the last four years. (The number of journeys is tripled). Shared micromobility is becoming more powerful. Before 2017, sharing electric scooters wasn't a big deal, but it picked up steam in 2018 and 2019 (from less than 1 million rides in 2017 to more than 160 million rides in 2019). With the most powerful player). According to the SMR model, micromobility has the potential to reach $ 300-500 billion in personal consumption potential globally by 2030 (when combined with shared and private micromobility). This is three to four times the current global electronic hailing market size.
Because of the pandemic, there is a greater need for flexible personal mobility. Customers want to own their own vehicles but do not want to be tied down; they want to rent quickly at a low fixed cost. Car registration serves as a link between renting or leasing a vehicle and owning one. The shared mobility market has many dynamics: vendors such as Cluno and Vive la Car have been around for a while. Customers can now purchase a cancelable monthly subscription to the VW WeShare car-sharing service and benefit from lower rates. MaxJosel Meier, the founder of Finn.auto, has been offering a subscription model since last year and has recently convinced investors to invest another 20 million euros.
Shared Mobility Market Key Players: Beijing Xiaoju Technology Co, Ltd. (China) Global car sharing car rental Ltd. (China) Grab (Singapore) Uber Technologies Inc. (USA) ANI Technologies Pvt. Ltd. (India) Lyft Inc. (USA) Avis Budget Group (USA) car2go NA, LLC (USA) Careem (UAE) Taxify OÜ (Now Bolt) (Estonia) Gett (UK) Maxi Mobility S.L (Cabify) (Spain)
Shared Mobility Market Regional Insights:
Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America comprise the Shared Mobility market. From 2021 to 2029, the report forecasts revenue growth in USD terms at the regional and country levels. The report includes a regional analysis with market size estimates for each region. The study's countries section examines a variety of market elements expected to influence current and future Shared Mobility market trends, as well as changes in market rules at the country level. Some of the primary components used to forecast each country's Shared Mobility market situation are consumption, production location and amount, import/export analysis, pricing analysis, raw material prices, and upstream and downstream value chain analysis.
Key Questions answered in the Shared Mobility Market Report are:
- What are the Shared Mobility market segments?
- Which segment in the Shared Mobility market is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Shared Mobility market?
- What key trends are expected to emerge in the Shared Mobility market during the forecast period?
- What was the Shared Mobility market size in 2021?
- Which region dominated the Shared Mobility market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2027.
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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