Press release
Electric (E)-Mobility Service Market will reach at $81,223.3 million by 20322022 by Keyplayers and Vendors:Neutron Holdings, Grab Holdings, Cityscoot, Bird Rides, Beijing Xiaoju Technology, Donkey Republic, Enterprise Holdings, Uber Technologies, Olacabs,
Electric mobility services, the global electric mobility (e-mobility) services market is predicted to surge, in valuation, from $4,122.8 million to $81,223.3 million from 2019 to 2032, exhibiting a CAGR of 41.2% between 2020 and 2032. The main factors driving the progress of the market are the lower ownership costs of electric fleet and the rising concerns being raised regarding environmental degradation throughout the world.The lower ownership costs of electric vehicles (EVs) in comparison to the fossil fuels-powered vehicles are massively pushing up the sales of these vehicles across the world. The charging cost of an electric vehicle is considerably lower than the cost of oil and gas, which is used for powering a conventional vehicle. In addition to this, the maintenance costs of EVs are much lower than that of the oil and gas-powered automobiles.
This is because of the comparatively higher simplicity of the electric drivetrain that comprises fewer moving components and parts (70%) than in an ICE (internal combustion engine) automobile. The lower ownership costs of EVs boost their deployment in shared mobility services, which, in turn, propels the advancement of the e-mobility services market all over the globe. Furthermore, the rapid rise in environmental degradation, on account of the emission of harmful greenhouse gases (GHGs) from the conventional automobiles, is pushing up the popularity of eco-friendly mobility solutions such as electric vehicles.
Many countries are increasingly launching large-scale awareness programs for raising public awareness of sustainable transportation systems and the environmental damage caused due to the utilization of oil and gas-powered vehicles. Due to this reason, the adoption of EVs is rising swiftly, especially in public transport fleets and shared mobility services, which is subsequently causing the growth of the e-mobility services market. Based on service type, the market is categorized into ride-hailing, car rental, carsharing, and two-wheeler sharing.
Some of the Major Key players profiled in the study are Neutron Holdings, Grab Holdings, Cityscoot, Bird Rides, Beijing Xiaoju Technology, Donkey Republic, Enterprise Holdings, Uber Technologies, Olacabs, car2go, Zipcar, Lyft, LimeBike, BlaBlaCar, EVCARD
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Asia-Pacific region is expected to dominate the market over the forecast period owing to the increasing focus on the research, development, and manufacturing of Electric (E)-Mobility Service in countries including China, Japan, India, and South Korea.
Report Objectives:
Studying the size of the Electric (E)-Mobility Service market based on the value and volume.
Precisely evaluating the market shares and other important factors of Electric (E)-Mobility Service market.
Analyzing the key dynamics of the Electric (E)-Mobility Service market.
Discovering the important trends of the Electric (E)-Mobility Service market on the basis of revenue, production, and sales.
Defining the profile of top players and their status on the global platform
Focusing on the market pricing, product manufacturing, growth drivers, and forecast trends.
Studying the performance and growth of different regions and countries in the Electric (E)-Mobility Service market.
Estimating the market size and share of all segments, regions, and the market.
Furthermore, the report includes the Electric (E)-Mobility Service market segments types. The product type and the application segments are extensively explained with the help of year wise numerical and growth rate. The data is represented in tabular and pictorial formats thus enabling clear understanding about the market scenario. Regional analysis includes data for regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Electric (E)-Mobility Service Market Taxonomy
Electric (E)-Mobility Service Segmentation by Type:
Two-Wheeler Sharing, Car Rental, Carsharing, Others.
Electric (E)-Mobility Service Segmentation by Application:
Daily Commuting, Last-Mile Connectivity, Occasional Commuting
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In the future years, the Latin American, Middle East, and African (LAMEA) e-mobility services market will be very prosperous, as per the estimates of P&S Intelligence, a market research company based in India. This is because of the increasing penetration of electric vehicles and associated facilities and infrastructure in this region and the rising initiatives being taken by the governments of Brazil and Mexico for reducing the pollution levels in the major cities.
Hence, it is safe to say that the market will exhibit tremendous growth in the upcoming years, on account of the rising adoption of electric vehicles by the shared mobility service providers and the increasing utilization of e-mobility solutions for daily commuting across the world.
Data provided will help to analyze the future prospects of the Electric (E)-Mobility Service market.
Segment analysis will help in identifying the untapped opportunities of the Electric (E)-Mobility Service market.
It will help in identifying the current trends that are ruling the market and how technological advancements will prove useful for further market developments.
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The report provides the entire assessment of the future market and altering market scenario or behavior.
All the business decision could be backed through the several strategic business methodologies offered in the report.
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The report offers all the competitive landscape, growth drivers, applications, market dynamics, and other necessary details as well.
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