Shared Mobility Market Soars to USD 435.25 Billion in 2022, Driven by Convenience, Affordability, and Environmental Benefits

As per the study initiated by Evolve Business Intelligence, the global Shared Mobility Market size accounted for USD 435.25 Billion in 2022, growing at a CAGR of 12.17% from 2023 to 2033. The term "shared mobility market" encompasses transportation services available worldwide that allow multiple passengers to use one vehicle for a single journey. These services consist of ride-sharing, bike-sharing, car-sharing, and scooter-sharing, among others. Shared mobility provides many advantages, such as decreased traffic congestion, lower carbon footprint, and improved access to transportation for those without personal vehicles. The growth of the shared mobility market is fueled by a rise in demand for affordable and convenient transportation options and a growing recognition of the environmental and economic benefits of shared mobility.
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Key Highlights:
• The global Shared Mobility Market size was valued at USD 435.25 billion in 2022 growing at a CAGR of 12.1% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on the Global Shared Mobility Market focusing on various aspects including market size and forecast, market dynamics, competitors' market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which include Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted to prosper in this industry over the short and long terms. The quantitative analysis includes our authentic findings of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID-19 impact, the Shared Mobility market report also includes the following data points:
• COVID-19 Impact on Shared Mobility market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players' Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the Shared Mobility market
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Key Players
Some of the major Shared Mobility players holding high market share include Autocrypt Co., Ltd., BlaBlaCar, Blu-Smart Mobility Pvt. Ltd., Bolt Technology OÜ, Cabify Espaa S.L.U. These players use new product development/partnership as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• 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.
• Yandex LLC
Segmental Analysis
Market Segment By Service Model with a focus on market share, consumption trend, and growth rate of the Shared Mobility Market:
o Bike Sharing
o Car Sharing
o Ride-hailing
o Public Transit
o Microtransit
Market Segment By Vehicle Type with focus on market share, consumption trend, and growth rate of Shared Mobility Market:
o Two-wheelers
o Passenger Cars
o Buses and Rails
o Others
Market Segment By Vehicle Propulsion with focus on market share, consumption trend, and growth rate of Shared Mobility Market:
o C Engines
o Electric and Hybrid Vehicles
o Others
Market Segment By Sales Channel with focus on market share, consumption trend, and growth rate of Shared Mobility Market:
o Offline
o Online
Parameters Details
Market Size (2022) USD 435.25 Billion
CAGR (2023 to 2033) 12.17%
Market Segmentation Service Model, Vehicle Type, Vehicle Propulsion, Sales Channel
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Shared Mobility Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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