Global Shared Mobility Market Size study & Forecast, by Service Model (Bike Sharing, Car Sharing, Ride-hailing, Public Transit, Microtransit) By Vehicle Type (Two-wheelers, Passenger Cars, Buses and Rails, Others) By Vehicle Propulsion (IC Engines, Electr

Global Shared Mobility Market Size study & Forecast, by Service Model (Bike Sharing, Car Sharing, Ride-hailing, Public Transit, Microtransit) By Vehicle Type (Two-wheelers, Passenger Cars, Buses and Rails, Others) By Vehicle Propulsion (IC Engines, Electric and Hybrid Vehicles, Others) By Sales Channel (Offline, Online) and Regional Analysis, 2023-2030

Global Shared Mobility Market is valued approximately at USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than 11.15% over the forecast period 2023-2030. Shared Mobility refers to a transportation strategy that allows multiple users to share a vehicle or mode of transportation, often on a short-term basis. This concept aims to optimize the use of transportation resources, reduce traffic congestion, lower environmental impact, and enhance overall efficiency. The Shared Mobility market is expanding because of factors such as rising adoption of mobile apps and rising demand for electric and hybrid vehicles. As a result, the demand of Shared Mobility has progressively increased in the international market during the forecast period 2023-2030.

Mobile apps allow users to easily locate, book, and access shared mobility services with just a few taps on their smartphones. Users can check real-time availability, reserve vehicles, and plan their journeys seamlessly through intuitive interfaces. According to the Statista, the global app downloads accounts USD 218 billion and reached up to USD 257 billion in 2023. Another important factor drivinges the Shared Mobility market is increasing demand for electric and hybrid vehicles. Electric and hybrid vehicles produce fewer emissions compared to traditional internal combustion engine vehicles. Shared mobility services utilizing electric and hybrid vehicles can contribute to lower overall carbon footprints, aligning with environmentally conscious trends and regulations. In addition, as per Statista, the global Plug-in Hybrid Electric Vehicles market is estimated to reach up to USD 200.6 billion in 2024. Moreover, growing population in urban areas and government initiatives for the development of bike sharing infrastructure is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, high initial cost of shared mobility services and chances of getting hacked and stolen is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Shared Mobility Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the growth of ride-hailing services in the region. Ride-hailing services have introduced the concept of on-demand and shared transportation to a global audience. As more people become familiar with the convenience and cost-effectiveness of sharing rides, there is a higher likelihood of them exploring other shared mobility options. The region’s dominant performance is anticipated to propel the overall demand of Shared Mobility. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as increase in government initiatives for the development of bike sharing infrastructure in the region. Bike-sharing provides an effective solution for the ""last-mile"" connectivity challenge, allowing users to easily cover short distances between public transportation stations and their final destinations. This integration enhances the overall efficiency of transportation systems.

Major market player included in this report are:
Yandex LLC
Meru Mobility Tech Pvt. Ltd
Lyft, Inc
Autocrypt Co., Ltd
Uber Technologies Inc
Blu-Smart Mobility Pvt. Ltd
Getaround, Inc
Zoomcar India Private Limited
Cabify Espaa S.L.U
EasyMile SAS

Recent Developments in the Market:
 In December 2023, CarDekho Group has announced the acquisition of Revv, a shared mobility platform, into the group. The Group is well-known for its broad services such as CarDekho, BikeDekho, Gaadi.com, Zigwheels, PowerDrift, InsuranceDekho, and Rupyy, will now include Revv's shared mobility services as part of its portfolio of brands. This partnership highlights the CarDekho group's commitment to seamlessly integrating technology into the ecosystem to meet consumers' different mobility goals and demands.

Global Shared Mobility Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Service Model, Vehicle Type, Vehicle Propulsion, Sales Channel, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Service Model
Bike Sharing
Car Sharing
Ride-hailing
Public Transit
Microtransit


By Vehicle Type
Two-wheelers
Passenger Cars
Buses and Rails
Others

By Vehicle Propulsion
IC Engines
Electric and Hybrid Vehicles
Others

By Sales Channel
Offline
Online

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.