Press release
Shared Mobility Market Set To Witness Huge Growth By 2019-2026 Focusing On Leading Players Avis Budget Group; car2go NA, LLC; Beijing Xiaoju Technology Co, Ltd.; global car sharing car rental Ltd.; Grab
Global Shared Mobility Market is expected to rise from its initial estimated value of USD 128.96 billion in 2018 to an estimated value of USD 753.05 billion by 2026, registering a CAGR of 24.68% in the forecast period of 2019-2026.
Shared mobility is a commuting service wherein organizations provide commercial vehicles for commuting from one place to another. The owners of various commercial vehicles provide their fleet of vehicles to an organization which then provides these vehicles for hiring, ride sharing, mobility, etc. The fare is calculated on the distance and time it took to travel from one place to another
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Companies Profiled in this report includes, Avis Budget Group; car2go NA, LLC; Beijing Xiaoju Technology Co, Ltd.; global car sharing car rental Ltd.; Grab; Uber Technologies Inc.; ANI Technologies Pvt. Ltd.; Lyft Inc.; Careem; Taxify OÜ; Gett; Maxi Mobility S.L.; The Hertz Corporation.; Enterprise Holdings Inc.; MOBIKO and ofo Inc.
Global shared mobility market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of shared mobility market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
• Growth in the prevalence of facilities available for ride sharing over the internet amid increasing penetration of internet-based services is expected to drive the market growth
• Increasing concerns regarding the environment and cost-effective methods of transportation through these services are drivers expected to positively affect the growth of the market
Market Restraints:
• Lack of preference in travelling with unknown individuals while sharing transportation is expected to restrain the market growth
• Concerns regarding theft of private information and requirement of taking a longer common route because of sharing transportation is expected to restrain the market growth
Segmentation: Global Shared Mobility Market
• By Service: Ride Hailing, Bike Sharing, Ride Sharing, Car Sharing, Others
• By Vehicle Type: Cars, Passenger Cars, Light Commercial Vehicles, Two-Wheelers, Buses & Coaches
• By Sector Type: Unorganized, Organized
• By Business Model: Peer-To-Peer (P2P), Business-To-Business (B2B), Business-To-Consumer (B2C)
• By Autonomy Level: Manual, Autonomous, Semi-Autonomous
• By Power Source: Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV), Fuel Powered
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Key Developments in the Market:
• In October 2018, Volkswagen AG and Mobileye collaborated for the launch of commercialised autonomous ride sharing service in Israel by 2019. In this collaboration, Volkswagen will be responsible for the provision of a fleet of electric vehicles whereas Mobileye will assume responsibility for integration of autonomous technology in these vehicles
• In May 2018, Taxify OÜ announced that they had risen USD 175 million funding from Daimler AG, increasing the valuation of Taxify to USD 1 billion. This expansion will help them in establishing their operations in Europe and Africa and will expand their employees helping them provide better services to their consumers
Research objectives
• To study and analyze the global Shared Mobility market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2026.
• To understand the structure of Shared Mobility market by identifying its various sub segments.
• Focuses on the key global Shared Mobility players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Shared Mobility with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the size of Shared Mobility submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.
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