The global Shared Mobility Market size is estimated to reach USD 731.54 billion by 2030, registering an estimated CAGR of nearly 15.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market refers to the various modes of transportation shar ed by multiple users rather than privately owned or used. Shared mobility has grown significantly during the forecast period, driven by factors such as increasing urbanization, rising concerns about the environmental impact of personal transportation, and the growing popularity of alternative modes of transportation.
Increasing urbanization has a significant impact on
the market as more people move to cities and urban areas, there is a growing
need for transportation solutions that are efficient, affordable, and
sustainable. Shared mobility services have emerged as a popular solution to
meet the need by providing users access to vehicles and transportation options
they can share with others. These services make it easier and more affordable
for people to get around in urban areas without relying on personal car
ownership. In addition, these services are often more environmentally friendly
than traditional modes of transportation since they can help reduce congestion,
air pollution, and carbon emissions.
The widespread adoption of the internet had a
significant impact on the market, it has made it possible for companies to
develop and deploy sophisticated platforms and mobile applications that
enable users to access shared mobility services more quickly and efficiently.
Internet adoption has allowed companies to offer a range of features that
enhance the user experience, such as real-time vehicle tracking, payment
processing, and user reviews and ratings. These features help users to feel
more comfortable and confident using shared mobility services and can help to
build trust and loyalty with customers. Furthermore, internet adoption has made
it easier for companies to collect and analyze data about how their services
are being used. This data can identify trade and patterns in user behavior and
inform the development of new services and features that better meet users'
needs.
Several companies have emerged in the Latin American
market, offering services such as car sharing, ride-hailing, bike sharing, and
scooter sharing. Some of the key players in the market include Uber, Cabify,
DiDi Chuxing, Grin, and Lime. In addition to traditional services, there has
also been a growing interest in electric mobility solutions in the
region. This has led to new services such as electric bike-sharing programs and
electric scooter-sharing services. There need to be more infrastructure and
regulatory frameworks to support these services. However, some cities have
begun to develop regulations and infrastructure to encourage the growth of
shared mobility services.
Related Press Release@ Shared Mobility Market Report
Shared Mobility Market Report Highlights
- The two-wheelers vehicle segment is anticipated to witness the
fastest CAGR of over 18% from 2023 to 2030. Two-wheelers have always been
a popular mode of transportation due to their low cost and fuel
efficiency. Shared mobility companies have recognized this trend and have
started to offer shared two-wheeler services, such as bike-sharing and
scooter-sharing to cater to the market growth
- The bike-sharing service model segment is expected to register the
fastest CAGR from 2023 to 2030. Two-wheeler services are expected to
flourish in the coming years as two-wheelers are considered the fastest
and fastest way to travel on congested city streets
- Middle East and Africa region is anticipated to register the highest
CAGR over the forecast period. The growing demand for shared
transportation solutions due to increased corporate travelers in countries
such as the UAE and South Africa encourages market growth
Shared
Mobility Market Report Scope
|
Report Attribute |
Details |
|
The
market size value in 2023 |
USD
261.40 billion |
|
The
revenue forecast in 2030 |
USD
731.54 billion |
|
Growth
rate |
CAGR of
15.8% from 2023 to 2030 |
|
Base year
for estimation |
2022 |
|
Historical data |
2018 - 2021 |
|
Forecast period |
2023 - 2030 |
List of Key Players in the Shared Mobility Market
- Car2Go
- Deutsche Bahn Connect GmbH
- DiDi Chuxing
- Drive Now (BMW)
- ECVARD
- Flinkster
- Grab
- GreenGo
- Lyft
- Uber
- Zipcar
Related Reports@
Shared Mobility Market Segmentation
Grand View Research has segmented the global shared
mobility market based on service model, vehicle, and region:
Shared Mobility Service Model Outlook (Revenue, USD
Billion, 2018 - 2030)
- Ride Hailing
- Bike Sharing
- Ride Sharing
- Car Sharing
- Others
Shared Mobility Vehicle Outlook (Revenue, USD
Billion, 2018 - 2030)
- Cars
- Two-wheelers
- Others
Shared Mobility Region Outlook (Revenue, USD
Billion, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- Singapore
- Latin America
- Brazil
- Mexico
- Middle East and Africa
- South Africa
- U.A.E.
- Saudi Arabia
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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