Shared Mobility Market to Observe Highest Growth of USD 39.10 billion with Excellent CAGR of 31.18% in the Forecast Period of 2023 to 2030

"Shared Mobility Market" is the title of a new report from Data Bridge Market Research. Key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive environment are all dissected in detail in the research. This Shared Mobility market report has been mainly designed by keeping in mind the customer requirements which will ultimately assist them in boosting their return on investment (ROI). The report also provides CAGR (compound annual growth rate) values along with its fluctuations for the specific forecast period. Explicit and state-of-the-art information has been presented in this Shared Mobility report which helps the Shared Mobility industry to be knowledgeable about the types of consumers, consumer demands and preferences, their perspectives about the product, their buying intentions, their response to a particular product, and their varying tastes about the specific product already present in the market.

Data Bridge Market Research analyses that the shared mobility market is expected to reach USD 39.10 billion by 2030, which is USD 4.46 billion in 2022, at a CAGR of 31.18% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Browse Detailed Summary of Research Report @  https://www.databridgemarketresearch.com/reports/global-shared-mobility-market

Market Definition:

Shared Mobility is a travelling service which is used to share transportation services with other customers. In this service, the owners of commercial vehicle shares their vehicle with an organization that then provide these vehicles for hiring & mobility services, ride-sharing. The price of these vehicles depends on ride duration and distance. Shared Mobility includes bike sharing, scooter sharing, limos, taxis, car sharing, ridesharing, and many other vehicles sharing.

Opportunities

Increasing demand for ride-hailing service model

The demand for the ride-hailing service model increases due to the increasing internet penetration in developing countries around the world. The rise in introduction of new types of services to ensure the customer satisfaction is also anticipated to act as a major factor for the market growth. For instance, Uber, a shared mobility provider, has introduced different business variants such as UberLUX, UberSUV and Uber Black, including the use of dedicated Uber vehicles in the rental business. The increasing demand for ride-hailing services could be attributed to increased traffic congestion, passenger comfort, easier bookings and augmented government programs to increase public awareness regarding air pollution and encourage to participate in riding, especially ride-hailing. Therefore, increasing demand for ride-hailing service model will create lucrative opportunities for the market growth

Restraints

Multiple issues associated with shared mobility services market

Lack of preference in travelling with strange people while sharing transportation and increasing concerns about theft of private information are some of the major factors which are expected to hinder the market growth. Furthermore, the responsibility to take a longer route because of sharing transportation is likely to challenge the market during the forecast period.

This shared mobility market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the shared mobility market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

The Shared Mobility Market is Dominated by Firms Such as

Avis budget group
car2go NA, LLC
Beijing Xiaoju Technology Co, Ltd.
Mobiag
movmi Shared Transportation Services Inc.
Uber Technologies Inc.
ANI Technologies Pvt. Ltd.
Lyft, Inc.
Careem
Bolt Technology OÜ
Gett
HERTZ SYSTEM, INC.
Aptiv (Ireland), Enterprise Holdings Inc.
MOBIKO
Europcar
Curb Mobility
BlaBlaCar
Wingz

Recent Development

In 2022, The Toro Company, a provider of innovative solutions for outdoor environment has acquired The Intimidator Group Inc, US-based side-by-side vehicle manufacturer. With this acquisition, the Toro Company goals at strengthening its position in zero-turn mower market and emerging as a major market player in the global market.
In 2020, Polaris Inc. launched RideReady, an industry-first on-demand digital service platform. This new RideReady digital strategy aims at leveraging digital technology and solutions for offering industry-leading tools, which break down the barriers of building affinity, ownership and loyalty with existing customers. RideReady connects the shared mobility dealers and owners with Indian Motorcycle for easily scheduling service appointments online.

Radical conclusions of the report:

Industry overview with a futuristic perspective
Analysis of production costs and analysis of the industrial chain
Full regional analysis
Benchmarking the competitive landscape
Market growth trends; current and emerging
Technological developments and products
Comprehensive coverage of market factors, restraints, opportunities, threats, limitations, and outlook for the Market
SWOT Analysis, Porter's Five Forces Analysis, Feasibility Analysis, and ROI Analysis

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Key Market Segments Covered in Shared Mobility Industry Research

Service Model

Ride Hailing
Bike Sharing
Ride Sharing
Car Sharing
Others

Vehicle Type

Cars
Two-Wheelers
Others

Business Model

Peer-To-Peer (P2P)
Business-To-Business (B2B)
Business-To-Consumer (B2C)

Sector Type

Unorganized
Organized

Autonomy Level

Manual
Autonomous
Semi-Autonomous

Power Source

Fuel Powered
Hybrid Electric Vehicle (HEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)

 Shared Mobility Market Regional Analysis/Insights

The shared mobility market is analyzed and market size insights and trends are provided by country, service model, vehicle type, business model, sector type, autonomy level and power source as referenced above.

The countries covered in the shared mobility market report are report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the shared mobility market in terms of revenue growth and market share owing high costs of vehicle ownership and increasing on-road vehicle traffic in countries such as India within and China in this region.

Europe is projected to be the fastest developing region during the forecast period of 2023-2030. This is mainly because of high demand for shared transportation solutions owing to the increasing number of corporate travelers in this region.

Key Industry Drivers:

Drivers

Increasing emergence of new modes and services

New services and modes have emerged such as pooled ride-sharing, shared electric scooters, peer-to-peer car sharing and many more. This emergence has been attributed to their automated processes, personalized travel on demand, potential integration, and environment-friendly nature. The growth and expansion in penetration of connected cars and smartphones is a key factor expected to drive the growth of the shared mobility market.

Growing popularity of ridesharing among consumers

Various companies have started making mobile apps that help toward non-ownership rides. In this module, the rider can book their ride easily according to their requirements such as time, route and type of vehicle for the particular time frame. Ridesharing is increasing at the significant rate in the forecast period, and this can be owing to the wide adoption of the elegant and cost-effective mode of transport rides among customers. Therefore, growing popularity of ridesharing among consumers is likely to impel the market growth.

Table of Contents:

Introduction
Market Segmentation
Executive Summary
Premium Insights
Global Shared Mobility Market: Regulations
Market Overview
Global Shared Mobility Market, By Product Type
Global Shared Mobility Market, By Test Type
Global Shared Mobility Market, By End User
Global Shared Mobility Market, By Distribution Channel
Global Shared Mobility Market, By Region
Global Shared Mobility Market: Company Landscape
SWOT Analyses
Company Profile
Questionnaires
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