Press release
Shared Mobility Market Share Analysis, New Trends, Statistics, Forecast To 2033
Shared Mobility Market
The Business Research Company offers in-depth market insights through Shared Mobility Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The shared mobility market size has grown rapidly in recent years. It will grow from $298.61 billion in 2023 to $334.61 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to increased sales of hybrid electric vehicles (hevs), a surge in urbanization, increased occurrences of vehicle theft, and a lack of parking spaces.
The shared mobility market size is expected to see rapid growth in the next few years. It will grow to $535.2 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to the strict environmental regulations and emission requirements, a rise in demand for ride hailing and ride sharing services, and an increase in fuel prices. Major trends in the forecast period include focus on innovative vehicle fleet-sharing platforms, the adoption of autonomous vehicle technology, technology advancements, upgrading of mobility sharing apps, and strategic partnerships and collaborations.
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Market Segmentation:
The shared mobility market covered in this report is segmented -
1) By Service: Ride Hailing, Bike Sharing, Ride Sharing, Car Sharing, Other Services
2) By Mobility Vehicle: Cars, Two-wheelers, Others Mobility Vehicles
3) By Business Model: P2P, B2B, B2C
Major Driver - Surge In Fuel Prices Fuels Growth Prospects For The Shared Mobility Market
An increase in fuel prices is expected to drive the growth of the shared mobility market in the forecast period. The prices of fuel are rising frequently, which presents a business opportunity for shared mobility companies due to the rising demand for vehicle fuel and supply chain problems brought on by Russia's invasion of Ukraine. For instance, according to the Bureau of Transportation Statistics, part of the United States Department of Transportation, from January to June 2022, in the USA, the price of regular motor gasoline rose 49% and the price of diesel fuel rose slightly more at 55%. Also in Singapore, on average, the first five-month petrol prices in 2022 till May rose by 49.95% over the same period last year. Therefore, the rise in fuel prices drives the growth of the shared mobility market in the forecast period.
Competitive Landscape:
Major companies operating in the shared mobility market report are Didi Chuxing Technology Co, Uber Technologies Inc., Avis Budget Group, Lyft Inc., The Hertz Corporation, Grab Taxi Holdings Pvt. Ltd., Deutsche Bahn Connect GmbH, BlaBlaCar, Gett Inc, ANI Technologies Private Limited, Cao Cao Mobility, Grab, Gojek, Ofo, Yulu, Zoomcar, Sixt Share, Flinkster, Bolt, Miles, Beryl, Serco, Dott, Tier, Voi, Ginger, Neuron, Hourbike, Veturilo, MOL BuBi, Uklon, CityBee, Skok, Nextbike, Citymapper, Keolis, LimeBike, Mobike, Motivate, Ola, Scoot Networks, Transit, Via, Zipcar, Micromobility Inductries, Lalamobility, Awto, Alstom, Contxto, Bogotá, AlgoLion, Anagog, Arbe, DiDi Chuxing, Drive now, Ekar, ZayRide, Bole Meter Taxi, Yookoo Ride, Shuttlers, Careem.
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Top Trend - Mobility-As-A-Service (Maas) Emerges As A Dominant Trend In The Shared Mobility Market
Mobility-as-a-Service has emerged as a key trend gaining popularity in the shared mobility market. Mobilitie as-a-Service is a type of digital platform that enables users to book and pay for integrated mobility services through a single platform. Major companies operating in the shared mobility market are focused on providing mobility-as-a-service to lead the market. For instance, Carzonrent, an India-based car rental company, launched Plug Mobility, an electric Mobility-as-a-Service (MaaS) platform that offers sustainable mobility solutions for business travel, fleet employee transfers, airport taxi, crew transfer, government and PSU official travel. This platform focuses on leading the transition from mobility to electric vehicles and reducing pollution.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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