
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.
Competitive Analysis of the Shared Mobility Industry
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.
Major Drivers and Restraints of the Shared Mobility Industry
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
- 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
- Ride Hailing
- Bike Sharing
- Ride Sharing
- Car Sharing
- Others
- Cars
- Passenger Cars
- Light Commercial Vehicles
- Two-Wheelers
- Others
- Buses & Coaches
- Unorganized
- Organized
- Peer-To-Peer (P2P)
- Business-To-Business (B2B)
- Business-To-Consumer (B2C)
- Manual
- Autonomous
- Semi-Autonomous
- Hybrid Electric Vehicle (HEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Battery Electric Vehicle (BEV)
- Fuel Powered
- Get a complete image of the Shared Mobility market
- Identify growing segments and reasons for driving change
- Recognize the competitive environment, the market’s key players and top brands
- 7 years’ forecasts to judge how the Shared Mobility market is predicted to grow.