Shared mobility market is projected to grow at a CAGR of 19.64% during the forecast period, reaching a total market size of US$629.550 billion in 2024 from US$214.651 billion in 2018. Shared mobility is a service in which vehicle, motorcycle, scooter, bicycle, or other travel mode is shared among users in lieu of money. The shared mobility has provided immediate advantage in the form of reduced mobility cost as well as more efficient use of the fleet. Proliferation of smartphones and mass marketing of connected vehicles is augmenting the growth of the shared mobility market. Increasing fuel cost is further impelling people to shift towards the shared transport solutions thus, boosting the growth of the shared mobility market. Rising initiatives by the government to promote the sharing services to lower the carbon emissions will also have a positive impact on the shared mobility market during the forecast period.
The “Shared mobility market – Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyses key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyses the market through comprehensive market segmentation by business model, vehicle type and geography.
The Shared mobility market has been segmented based on business model, vehicle type, and geography. By business model, the market is segmented as ride-hailing and ride-sharing. By vehicle type, the market is segmented as two wheelers, cars, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyses 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the Shared Mobility market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Shared Mobility market.