Global Shared Vehicles Market Growth (Status and Outlook) 2024-2030
The practice of renting out cars to numerous customers on a shared premise for short-term use is referred to as the shared vehicle industry. Since it offers an option to conventional vehicle ownership and helps to address issues like traffic gridlock, environmental concerns, and the high cost of car ownership, the idea of shared mobility has become more and more popular in recent years.
The global Shared Vehicles market size is projected to grow from US$ 149760 million in 2024 to US$ 351130 million in 2030; it is expected to grow at a CAGR of 15.3% from 2024 to 2030.
LPI (LP Information)' newest research report, the “Shared Vehicles Industry Forecast” looks at past sales and reviews total world Shared Vehicles sales in 2022, providing a comprehensive analysis by region and market sector of projected Shared Vehicles sales for 2023 through 2029. With Shared Vehicles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Shared Vehicles industry.
This Insight Report provides a comprehensive analysis of the global Shared Vehicles landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Shared Vehicles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Shared Vehicles market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Shared Vehicles and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Shared Vehicles.
Ownership of a vehicle involves several interconnected factors such as financing, fuel costs, maintenance, registration/taxes, upkeep, and depreciation. The cost of owning a car increases every year, with depreciation accounting for about 43% and maintenance and fuel expenses accounting for around 25%, according to the American Automobile Association (AAA). The cost of fuel and maintenance has increased in recent years, and this trend is expected to continue. As cities become increasingly congested, owning a car has become more of a hassle than an asset. In 2020, the average cost of owning and operating a new car increased by USD 279 to USD 9,561 compared to 2019. Micromobility refers to the ability to travel short distances using lightweight vehicles such as bicycles, scooters, mopeds, and longboards. Shared micro-mobility is a viable option for commuters looking for a convenient mode of transportation in the city without having to deal with public transit. The concept of micromobility has a significant impact on the use and profitability of bikes and scooters. Micromobility presents a significant opportunity to address the growing congestion, especially in metropolitan areas.
This report presents a comprehensive overview, market shares, and growth opportunities of Shared Vehicles market by product type, application, key players and key regions and countries.
Segmentation by Type:
Ride Hailing
Bike Sharing
Ride Sharing
Car Sharing
Others
Segmentation by Application:
Cars
Two-Wheelers
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Segmentation by Type:
Ride Hailing
Bike Sharing
Ride Sharing
Car Sharing
Others
Segmentation by Application:
Cars
Two-Wheelers
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Daimler AG
SIXT SE
Avis Budget Group Inc.
Lyft, Inc.
Hertz Global Holdings, Inc.
Europcar Mobility Group SA
ANI Technologies Pvt. Ltd (Ola Cabs)
Uber Technologies Inc
BlaBlaCar
Gett
Taxify (Bolt)
The Hertz Corporation
Grab
Cabify
Enterprise Holdings, Inc
Mobiko
Beijing Xiaoju Technology Co, Ltd. (Didi Chuxing)
EVCARD
Please note: The report will take approximately 2 business days to prepare and deliver.