January 6, 2021

Shared Mobility Market Analysis in Developed Countries

Shared Mobility Market By Service (Ride Hailing, Bike Sharing, Ride Sharing, Car Sharing, Others), Vehicle Type (Cars, Two-Wheelers, Others), Sector Type (Unorganized, Organized), Business Model (P2P, B2B, B2C), Autonomy Level (Manual, Autonomous, Semi-Autonomous), Power Source (HEV, PHEV, BEV, Fuel Powered), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Shared Mobility Market

Global Shared Mobility Market is expected to rise from its initial estimated value of USD 128.96 billion in 2018 to an estimated value of USD 753.05 billion by 2026, registering a CAGR of 24.68% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing cost of commuting which has been caused by increased fuel prices and traffic congestion.

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Market Definition: Shared Mobility Market

Shared mobility is a commuting service wherein organizations provide commercial vehicles for commuting from one place to another. The owners of various commercial vehicles provide their fleet of vehicles to an organization which then provides these vehicles for hiring, ride sharing, mobility, etc. The fare is calculated on the distance and time it took to travel from one place to another.

Market Drivers:

·        Growth in the prevalence of facilities available for ride sharing over the internet amid increasing penetration of internet-based services is expected to drive the market growth

·        Increasing concerns regarding the environment and cost-effective methods of transportation through these services are drivers expected to positively affect the growth of the market

Market Restraints:

·        Lack of preference in travelling with unknown individuals while sharing transportation is expected to restrain the market growth

·        Concerns regarding theft of private information and requirement of taking a longer common route because of sharing transportation is expected to restrain the market growth

Segmentation: Global Shared Mobility Market

By Service

·        Ride Hailing

·        Bike Sharing

·        Ride Sharing

·        Car Sharing

·        Others

By Vehicle Type

·        Cars

·        Passenger Cars

·        Light Commercial Vehicles

·        Two-Wheelers

·        Others

·        Buses & Coaches

By Sector Type

·        Unorganized

·        Organized

By Business Model

·        Peer-To-Peer (P2P)

·        Business-To-Business (B2B)

·        Business-To-Consumer (B2C)

By Autonomy Level

·        Manual

·        Autonomous

·        Semi-Autonomous

By Power Source

·        Hybrid Electric Vehicle (HEV)

·        Plug-In Hybrid Electric Vehicle (PHEV)

·        Battery Electric Vehicle (BEV)

·        Fuel Powered

By Geography

·        North America

o   US.

o   Canada

o   Mexico

·        South America

o   Brazil

o   Argentina

o   Rest of South America

·        Europe

o   Germany

o   United Kingdom

o   Italy

o   France

o   Spain

o   Russia

o   Turkey

o   Belgium

o   Netherlands

o   Switzerland

o   Rest of Europe

·        Asia-Pacific

o   Japan

o   China

o   South Korea

o   India

o   Australia

o   Singapore

o   Thailand

o   Malaysia

o   Indonesia

o   Philippines

o   Rest of Asia-Pacific

·        Middle East & Africa

o   South Africa

o   Egypt

o   Saudi Arabia

o   United Arab Emirates

o   Israel

o   Rest of Middle East & Africa

Key Developments in the Market:

·        In October 2018, Volkswagen AG and Mobileye collaborated for the launch of commercialised autonomous ride sharing service in Israel by 2019. In this collaboration, Volkswagen will be responsible for the provision of a fleet of electric vehicles whereas Mobileye will assume responsibility for integration of autonomous technology in these vehicles

·        In May 2018, Taxify OÜ announced that they had risen USD 175 million funding from Daimler AG, increasing the valuation of Taxify to USD 1 billion. This expansion will help them in establishing their operations in Europe and Africa and will expand their employees helping them provide better services to their consumers

Competitive Analysis:

Global shared mobility market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of shared mobility market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the Global Shared Mobility Market are Avis Budget Group; car2go NA, LLC; Beijing Xiaoju Technology Co, Ltd.; global car sharing car rental Ltd.; Grab; Uber Technologies Inc.; ANI Technologies Pvt. Ltd.; Lyft Inc.; Careem; Taxify OÜ; Gett; Maxi Mobility S.L.; The Hertz Corporation.; Enterprise Holdings Inc.; MOBIKO and ofo Inc.

Key Insights in the report:

·        Complete and distinct analysis of the market drivers and restraints

·        Key market players involved in this industry

·        Detailed analysis of the market segmentation

·        Competitive analysis of the key players involved

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Reasons for Buying this Report

This report provides pin-point analysis for changing competitive dynamics

It provides a forward looking perspective on different factors driving or restraining market growth

It provides a six-year forecast assessed on the basis of how the market is predicted to grow

It helps in understanding the key product segments and their future

It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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