Shared Vehicles Market Competitive And Growth Analysis 2024 | Daimler AG, General Motors Company, ANI Technologies Private Limited

"The new report published by The Business Research Company, titled ""Shared Vehicles Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the shared vehicles market size has grown rapidly in recent years. It will grow from $138.76 billion in 2023 to $160.69 billion in 2024 at a compound annual growth rate (CAGR) of 15.8%. The shared vehicles market size is expected to see rapid growth in the next few years. It will grow to $281.81 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%.

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Rising Travel And Tourism Activities Fueling Growth In The Shared Vehicles Market
Growing travel and tourism activities are expected to propel the growth of the shared vehicles market going forward. Travel is the movement of people or objects such as airplanes, boats, trains, and other modes of transportation between different geographical areas. Tourism is a social, cultural, and economic phenomenon that involves individuals traveling to nations or locations beyond their typical environment for personal or business/professional reasons. The use of car sharing for transportation and tourism can reduce the number of private vehicles purchased, increase vehicle utilization, significantly reduce traffic congestion, conserve energy, and lower emissions, all of which are factors that are increasing demand for the shared vehicles market. For instance, in January 2022, according to the World Tourism Organization (UNWTO), a Spain-based United Nations organization for tourism, global tourism increased by 4% in 2021 compared to 2020 (415 million versus 400 million). Tourists' economic contribution in 2021 (measured in tourism direct gross domestic product) was predicted to be US$1.9 trillion, up from US$1.6 trillion in 2020. The average receipt per arrival is expected to be $1,500 in 2021, up from $1,300 in 2020. Therefore, growing travel and tourism activities are driving the growth of the shared vehicles market.

Strategic Partnerships Drive Innovation In The Shared Vehicles Market
Strategic partnerships and collaborations have emerged as the key trends gaining popularity in the shared vehicles market. The key players operating in the shared vehicles sector are focused on partnerships and collaborations to reinforce their market position. For instance, in October 2021, Hertz Global Holdings, a US-based car rental company partnered with Uber Technologies Inc., a US-based ride-hailing services provider. With the partnership, the companies intended to make up to 50,000 Teslas available for rental over the Uber network by 2023. Moreover, in April 2021, Curb Mobility, a US-based mobility platform partnered with Gett, a US-based corporate ground transportation management technology platform. With a global spend of $79.6 billion on corporate ground transportation management (GTM), the agreement strengthens Gett's position as a technology platform to strengthen in the market.

The shared vehicles market covered in this report is segmented -

1) By Service: Car Rental, Bike Sharing, Car Sharing
2) By Vehicle Type: Passenger Cars, LCVs (Light Commercial Vehicles), Micro Mobility
3) By Propulsion: Electric Vehicles, IC Engine Vehicles

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Major companies operating in the shared vehicles market report are Daimler AG, General Motors Company, ANI Technologies Private Limited, Uber Technologies Inc., Enterprise Holdings Inc., Avis Budget Group Inc., The Hertz Corporation, CarShare Ventures BV, Lyft Inc., Sixt SE, Europcar Mobility Group S.A., Grab Holdings Inc., Careem Network FZ-LLC, Ola Cabs Private Limited, Turo Inc., Gett Israel Ltd., Wingz Inc., BlaBlaCar France SAS, Zipcar Inc., Getaround Inc., Communauto Inc., GoGet Carshare Inc., Car Next Door Pty Ltd, Curb Mobility LLC, Modo Cooperative, Zoomcar India Private Limited, Hourcar Inc., Co-wheels Car Club, Beijing Xiaoju Technology Co Ltd., Car2Go Europe GmbH, City Car Club Inc., DriveNow GmbH, Mobility Carsharing LLC, RelayRides Inc., Carrot Inc., Carma Mobility BV

Contents of the report:
1. Executive Summary
2. Shared Vehicles Market Report Structure
3. Shared Vehicles Market Trends And Strategies
4. Shared Vehicles Market - Macro Economic Scenario
5. Shared Vehicles Market Size And Growth
…..
27. Shared Vehicles Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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