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Analysis of Shared Mobility Market with Growth Potential and Business Strategies - Forecasted Till 2032 || ANI Technologies Private Limited, Avis Budget Group Inc., Beijing Xiaoju Technology Co Ltd
Shared Mobility Market
Shared Mobility Market Size, Growth Rate, And Forecast
The global shared mobility market size grew from $271.91 billion in 2022 to $309.27 billion in 2023 at a compound annual growth rate (CAGR) of 13.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The shared mobility market size is expected to grow to $495.78 billion in 2027 at a CAGR of 12.5%.
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Shared Mobility Market Drivers
Government initiatives to promote shared mobility are expected to propel the growth of the shared mobility market going forward. Due to growing traffic congestion and pollution, lack of parking spaces, high fuel prices, and high cost of personal vehicle ownership, governments are taking initiatives to promote shared mobility services to reduce pollution and provide access to efficient transportation. For instance, in March 2019, the UK government launched Transport decarbonization plan, for taking steps to increase the typical number of vehicles on the road by 2030. By 2030, reducing car occupancy from the current 1.55 people per seat to 1.7 people per seat could prevent nearly 3 million tons (Mt) of carbon dioxide (CO2) emissions annually, which is roughly equal to the amount of CO2 currently emitted by all UK buses combined. Therefore, an increase in government initiatives is driving the growth of the shared mobility market.
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Shared Mobility Market Segments
• By Service: Ride Hailing, Bike Sharing, Ride Sharing, Car Sharing, Other Services
• By Mobility Vehicle: Cars, Two-wheelers, Others Mobility Vehicles
• By Business Model: P2P, B2B, B2C
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the shared mobility market.
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Shared Mobility Market Key Players
Major competitors in the shared mobility market are ANI Technologies Private Limited, Avis Budget Group Inc., Beijing Xiaoju Technology Co Ltd., Bolt, Share Now GmbH, Careem, Enterprise Holdings Inc., Grab Holdings Inc., Gett, Lyft Inc., Movmi, Mobiag, Mobiko GmbH, Zipcar, The Hertz Corporation, and Uber Technologies Inc.
The Business Research Company's "Global Shared Mobility Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Shared Mobility Market Include:
1. Executive Summary
2. Shared Mobility Market Characteristics
3. Shared Mobility Market Trends And Strategies
4. Shared Mobility Market - Macro Economic Scenario
5. Shared Mobility Market Size And Growth
………………
27. Shared Mobility Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Shared Mobility Market
29. Shared Mobility Market Future Outlook and Potential Analysis
30. Appendix
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