Mobility Sharing Market to Witness Robust Expansion Throughout the Forecast Period 2022 - 2028

Ridesharing is a new concept that has become very popular in the field of car hailing, car sharing and carpooling. Market players have developed apps where a vehicle driver or car driver can offer a ride and the app users can avail the offer according to the price and route mentioned by the driver. People in developing countries make use of car riding services quite often. It enables travelling distances with comfort and ease at a lower price. Mobility sharing market is expected to grow considerably during the forecast period.

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Companies Profiled in this report includes:  ANI Technologies Pvt. Ltd., Avis Budget Group, Inc., BlaBlaCar, Europcar, Gett, Lyft, Inc., Omoove s.r.l., Taxify O, The Hertz Corporation, Uber Technologies Inc.

MARKET SEGMENTATION

Based on type, the global mobility sharing market is segmented into ride sharing and vehicle rental.

On the basis of vehicle type, the market is segmented into passenger cars, light commercial vehicle (LCV), buses and coaches and micro mobility.

Based on business model, the market is bifurcated into P2P, B2B and B2C.

MARKET DYNAMICS

Drivers

Increasing use of smartphone and internet all over the world.

Rising urbanization and increasing per capita disposable income to boost the growth of mobility sharing market.

Growing awareness regarding protection of environment .

Restraints

Different transport policies from one country to other.

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IMPACT OF COVID-19 ON MOBILITY SHARING MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Since lockdown was imposed in many regions across the world, movement of individuals was restricted. Also, company gave work from home to its employees where it was possible. These factors have impacted this market to a great extent. However post pandemic, this market is expected to boost all over the world.

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