Press release
Shared Mobility Market High trend Opportunities offers Future Business Growth by 2031
According to the report published by Allied Market Research, the global shared mobility market generated $435.20 billion in 2021 and is estimated to hit $1,266.80 billion by 2031, registering a CAGR of 11.5% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.Download Report (PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/10544
Covid-19 scenario-
The Covid-19 outbreak had a negative impact on the growth of the global shared mobility market owing to change in mobility patterns of people across the globe. Mobility of people during the pandemic decreased significantly.
The pandemic led to shift in priorities regarding commute. Commuters opted for safe and sanitized means of transportation and avoided shared mobility services such as ride sharing.
Ride-hailing also reduced due to the implementation of measures such as social distancing, fear of congestion and reduced commuting.
However, other areas of shared mobility such as micro mobility services witnessed a growing demand owing to the growth in e-commerce business and last mile deliveries.
In addition, commuters now utilize micro mobility vehicles such as e-bikes, electric-pedal assisted bicycles, scooters, and others for daily travel. This is anticipated to boost the growth of the shared mobility market during the forecast period.
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Based on service model, the public transit segment accounted for more than half of the total market in 2021, and is projected to lead the trail by the end of 2031. However, the bike sharing segment would cite the fastest CAGR of 15.3% throughout the forecast period. The report also discusses car sharing, ride-hailing and microtransit under this segment.
Based on region, the market across Asia-Pacific contributed to more than two-fifths of the total market share in 2021, and is expected to maintain its dominance during the forecast period. The LAMEA region, on the other hand, would grow at the fastest CAGR of 13.9% from 2022 to 2031. The other two provinces discussed in the report include Europe and North America.
The key market players analyzed in the global shared mobility market report include Autocrypt Co., Ltd., BlaBlaCar, Blu-Smart Mobility Pvt. Ltd., Bolt Technology OÜ, Cabify Espaa S.L.U., EasyMile SAS, Free2move, Getaround, Inc., Lyft, Inc., Meru Mobility Tech Pvt. Ltd., ANI Technologies Private Limited (Ola), Uber Technologies Inc., Zoomcar India Private Limited, Didi Chuxing Technology Co. and Yandex LLC.
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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.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
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