Shared Mobility Market High trend Opportunities offers Future Business Growth by 2031

According to a new report published by Allied Market Research, titled, "Shared Mobility Market," The shared mobility market was valued at $435.20 billion in 2021, and is estimated to reach $1,266.80 billion by 2031, growing at a CAGR of 11.5% from 2022 to 2031.

Asia-Pacific is expected to dominate the global shared mobility market in 2021 owing to collaboration of leading service provider companies and adoption of latest technologies. In addition, wireless service providers are working to provide advanced wireless platforms for smart transportation, which is also expected to supplement the growth of the Asia-Pacific shared mobility market.

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 Key players operating in the global shared mobility market include ANI Technologies Pvt. Ltd., Autocrypt Co., Ltd., BlaBlaCar, Blu-Smart Mobility Pvt. Ltd., Bolt Technology OU, Cabify Espana S.L.U., DiDi Global Inc., EasyMile, Free2move, Getaround, Inc., Lyft, Inc., Meru Mobility Tech Pvt. Ltd, Uber Technologies, Inc., Yandex N.V., and Zoomcar India Pvt. Ltd.

The growth of the global shared mobility market is propelling, due to rise in venture capital and strategic investments, government initiatives for smart cities, and increase in inclusion of e-bikes in the sharing fleet. However, low rate of internet penetration in developing regions is the factor hampering the growth of the market. Furthermore, increase in government initiatives for the development of bike sharing infrastructure is the factor expected to offer growth opportunities during the forecast period.

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 KEY FINDINGS OF THE STUDY

By service model, the bike sharing segment is anticipated to exhibit significant growth in the near future.
By vehicle type, the two-wheelers segment is anticipated to exhibit significant growth in the near future.
By vehicle propulsion, the electric and hybrid vehicles segment is anticipated to exhibit significant growth in the near future.
By sales channel, the online segment is anticipated to exhibit significant growth in the near future.
By region, LAMEA is anticipated to register the highest CAGR during the forecast period.

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About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of ""Market Research Reports"" and ""Business Intelligence Solutions."" AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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