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Shared Mobility Market Size, Share & Industry Trends Analysis Report By Service Model (Ride Hailing, Ride Sharing, Car Sharing, Bike Sharing), By Vehicle (Cars, Two-wheelers), By Regional Outlook and Forecast, 2022-2028

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    Report

  • 192 Pages
  • June 2022
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5636419
The Global Shared Mobility Market size is expected to reach $454.4 billion by 2028, rising at a market growth of 15.4% CAGR during the forecast period.

New technologies & business models have helped to improve transportation systems & services in the direction of a more sustainable mobility approach. Shared mobility has gained popularity as a possible answer to the rising number of vehicles. Several communities throughout the world have adopted shared mobility services, demonstrating that they may provide various operational and environmental benefits. Although, in rural and suburban areas with less population density and diffused travel demand, their deployment does not receive the same level of attention.



Peer-to-peer vehicle sharing, shared ride-sharing, common electric scooters, and other new modes & services have arisen. The possibilities for integration, customized travel on demand, automated operations, and environmental friendliness have all contributed to the growth of the shared mobility market. One of the primary aspects propelling the demand for shared mobility is the increasing adoption of linked cars and smartphones. The expense of road vehicles and fuel, combined with a decrease in parking, is expected to promote market growth in the near future, particularly in industrialized nations around the world.

Furthermore, compared to other forms of transportation, shared mobility solutions are cheaperand avoid limited parking issues. Several governments throughout the world are developing programmers to encourage the adoption of these solutions in order to minimize traffic congestion. This has a substantial impact on commuters' lifestyles and the marketplace as a whole, like enhanced accessibility, better transportation, less driving, and lower personal car ownership. Shared mobility plans usually provide social, environmental,and transportation system advantages. Commuters use public transportation, which includes shared public transportation, micro mobility, commute-based modes, automobile-based mode,and ridesharing.

COVID-19 Impact Analysis

Owing to modifications in people's mobility patterns around the world, COVID-19 has had a detrimental influence on increasing the market for shared mobility. During the pandemic, people's mobility reduced dramatically, reducing the number of visits to workplacesthat was amongthe market's major factors and drivers. The pandemic has also caused a transformation in commute priorities. Prior to COVID, commuters' primary concerns were the cost of service, comfort, and other factors such as travel time and mode of transportation. Commuters now seek out forms of transportation that are safe, sanitary, and have a low risk of illness. As a result, prioritizing health is likely to reduce the usage of sharing and public transportation. Additionally, during the global pandemic, car-sharing services had either been decreased or halted because of a lack of demand in the market.

Market Growth Factors


Rising government support and investments

Every country's government is concerned about population growth, which has negative environmental consequences. Governments encourage citizens to limit their use of automobiles as much as possible. Additionally, sharing rides amongst friends and families are among the government's important concepts for encouraging individuals to choose shared rides above personal rides, which is motivating key companies to launch various news products. Along with that, there are many governments across the world, which are taking steps to establish a network of shared mobility to motivate people for the usage of shared mobility.

Growing environmental issues across the world

Population increase in key cities around the country has resulted in a rise in daily commuters, causing substantial traffic congestion, particularly during rush hour. In order to fight this problem, some companies are attempting to develop alternate transportation solutions. This environment is a primary factor for the market for shared mobility. Various programs make a significant contribution to alleviating traffic congestion, which is expected to open lucrative opportunities for the market players. Since, the level pollutant in the atmosphere is constantly increasing, organizations across the world are taking initiatives to aware people about the effects of pollution on the environment.



Market Restraining Factors


Lack of charging infrastructure for micro-mobility solutions

Many cities lack the requisite infrastructure for the vehicles that fall under micro-mobility concepts, and hence lack the charging infrastructure to charge these vehicles, which is one of the most significant impediments to the demand for shared mobility. Bike lanes are the only realistic solution since riding an e-scooter in fast lanes (truck, car, and bus dominated) or on sidewalks (pedestrian dominated) poses a significant risk to all traffic participants. Because governments are not concentrated on this new and rising concept, dedicated lanes of micro-mobility solutions are lacking in many countries. Furthermore, developing charging infrastructure for micro-mobility solutions necessitates a significant investment as well as the implementation of relevant legislation.

Service Model Outlook

Based on Service Model, the market is segmented into Ride Hailing, Ride Sharing, Car Sharing, Bike Sharing and Others. Bike sharing segment acquired a significant revenue share in the shared mobility market in 2021. Two-wheeler services are likely to grow in popularity in the next years, as they are regarded the quickest and most efficient mode of transportation on congested city streets. The United States, Spain, China, and Italy are among the nations with the largest use of these services.

Vehicle Outlook

Based on Vehicle, the market is segmented into Cars, Two-wheelers, and Others. The cars segment garnered the highest revenue share in the shared mobility market in 2021. Two-wheeler services are projected to grow in popularity in the future years, as motorcycles are seen as a cost-effective and substantially speedier means of transportation on congested city roads. When a consumer becomes familiarized to electric vehicles, they is expected to then notice that the cost per kilometre for an EV is 4-5 times lower for two-wheelers and three 3-10 times lower for four-wheelers in comparison to fuel-driven vehicles, provided that the electricity rate is 110 cents per unit and the cost of gasoline is 1100 cents.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Asia Pacific emerged as the leading region in the shared mobility market with the maximum revenue share in 2021. This is mostly owing to the region's widespread acceptance of technology and quick proliferation of smart homes. In nations like China and India, the expense of traffic and car ownership is constantly rising.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lyft, Inc., Grab Holdings Inc. Avis Budget Group, Inc., DiDi Global Inc., Deutsche Bahn Connect GmbH (Deutsche Bahn AG), Uber Technologies, Inc., GT Gettaxi (UK) Limited, Ola Cabs (ANI Technologies Pvt. Ltd.), Share Now GmbH, and Global Car Sharing and Rental Co., Ltd.

Strategies Deployed in Shared Mobility Market


Partnerships, Collaborations and Agreements:

  • May-2022: Lyft came into a partnership with Spare, an automated on-demand transportation technology. This partnership aimed to assist transit agencies cost-efficiently and offer their passengers reliable & responsive transportation in the face of fluctuating demand.
  • Mar-2022: Lyft came into a partnership with Spin, a technology company. This partnership aimed to bring Spin scooters to the Lyft app in 60 U.S. markets. This partnership aimed to develop an effortless experience: riders can easily rent & pay for Spin scooters in the Lyft app without requiring them to download another app or add new payment information.
  • Jan-2022: Uber entered into an agreement with Repsol, a Spanish multinational energy and petrochemical company. This agreement aimed to boost the transition of Uber drivers to electric mobility in Spain. In this agreement, starting in Madrid to expanding to other cities in the country, Uber drivers along with an electric or plug-in hybrid vehicle is expected to be capable to utilize the electric recharging points located both at Repsol service stations and across the public recharging network that the multi-energy company has in Spain.
  • Jun-2021: Uber came into a partnership with Kia, a South Korean multinational automobile manufacturer. This partnership aimed to boost the adoption of advanced zero-emission battery electric vehicles around Europe, which is expected to make urban areas cleaner and quieter. Along with that, the partnership is expected to witness Kia offering its high-tech range of battery electric vehicles (BEVs) comprising the e-Niro and e-Soul to Uber drivers with special offers, which is expected to make the company a top provider of electrified vehicles to the ride-hailing sector.
  • Apr-2021: DiDi Autonomous Driving teamed up with Volvo Cars, a Swedish automaker. This collaboration aimed to supply cars for its self-driving taxi fleet. Through the agreement, Volvo is expected to supply DiDi Autonomous Driving with its XC90 SUVs integrated with critical built-in backup & safety systems for functions like braking and steering.
  • Aug-2020: Gett formed a partnership with Ola Cabs, the U.K. ride-sharing company. This partnership aimed to allow Gett’s business customers to receive service from Ola drivers across the globe via the Gett SaaS platform.

Acquisitions and Mergers:

  • Apr-2022: Lyft signed an agreement to acquire PBSC Urban Solutions, a global supply leader for bike share equipment and technology. This acquisition aimed to double up Lyft’s scale in micromobility by using PBSC’s deep sales experience & customer relationships.
  • Jul-2020: Uber took over Routematch, an industry-leading software provider. This acquisition aimed to bring together Uber’s expertise in on-demand, mobility technologies with Routematch’s proven offerings across paratransit, fixed-route tools, payments, and trip planning services. The companies is expected to develop the latest innovations, which is expected to make it simpler for agencies to deliver the right transportation solutions to their riders, via an expanded portfolio of technologies.

Scope of the Study


Market Segments Covered in the Report:


By Service Model
  • Ride Hailing
  • Ride Sharing
  • Car Sharing
  • Bike Sharing
  • Others
By Vehicle
  • Cars
  • Two-wheelers
  • Others
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players


List of Companies Profiled in the Report:

  • Lyft, Inc.
  • Grab Holdings Inc
  • Avis Budget Group, Inc.
  • DiDi Global Inc.
  • Deutsche Bahn Connect GmbH (Deutsche Bahn AG)
  • Uber Technologies, Inc.
  • GT Gettaxi (UK) Limited
  • Ola Cabs (ANI Technologies Pvt. Ltd.)
  • Share Now GmbH
  • Global Car Sharing and Rental Co., Ltd

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Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Shared Mobility Market, by Service Model
1.4.2 Global Shared Mobility Market, by Vehicle
1.4.3 Global Shared Mobility Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Passive And Interconnecting Electronic Components Market
Chapter 4. Global Shared Mobility Market by Service Model
4.1 Global Ride Hailing Market by Region
4.2 Global Ride Sharing Market by Region
4.3 Global Car Sharing Market by Region
4.4 Global Bike Sharing Market by Region
4.5 Global Others Market by Region
Chapter 5. Global Shared Mobility Market by Vehicle
5.1 Global Cars Market by Region
5.2 Global Two-wheelers Market by Region
5.3 Global Others Market by Region
Chapter 6. Global Shared Mobility Market by Region
6.1 North America Shared Mobility Market
6.1.1 North America Shared Mobility Market by Service Model
6.1.1.1 North America Ride Hailing Market by Country
6.1.1.2 North America Ride Sharing Market by Country
6.1.1.3 North America Car Sharing Market by Country
6.1.1.4 North America Bike Sharing Market by Country
6.1.1.5 North America Others Market by Country
6.1.2 North America Shared Mobility Market by Vehicle
6.1.2.1 North America Cars Market by Country
6.1.2.2 North America Two-wheelers Market by Country
6.1.2.3 North America Others Market by Country
6.1.3 North America Shared Mobility Market by Country
6.1.3.1 US Shared Mobility Market
6.1.3.1.1 US Shared Mobility Market by Service Model
6.1.3.1.2 US Shared Mobility Market by Vehicle
6.1.3.2 Canada Shared Mobility Market
6.1.3.2.1 Canada Shared Mobility Market by Service Model
6.1.3.2.2 Canada Shared Mobility Market by Vehicle
6.1.3.3 Mexico Shared Mobility Market
6.1.3.3.1 Mexico Shared Mobility Market by Service Model
6.1.3.3.2 Mexico Shared Mobility Market by Vehicle
6.1.3.4 Rest of North America Shared Mobility Market
6.1.3.4.1 Rest of North America Shared Mobility Market by Service Model
6.1.3.4.2 Rest of North America Shared Mobility Market by Vehicle
6.2 Europe Shared Mobility Market
6.2.1 Europe Shared Mobility Market by Service Model
6.2.1.1 Europe Ride Hailing Market by Country
6.2.1.2 Europe Ride Sharing Market by Country
6.2.1.3 Europe Car Sharing Market by Country
6.2.1.4 Europe Bike Sharing Market by Country
6.2.1.5 Europe Others Market by Country
6.2.2 Europe Shared Mobility Market by Vehicle
6.2.2.1 Europe Cars Market by Country
6.2.2.2 Europe Two-wheelers Market by Country
6.2.2.3 Europe Others Market by Country
6.2.3 Europe Shared Mobility Market by Country
6.2.3.1 Germany Shared Mobility Market
6.2.3.1.1 Germany Shared Mobility Market by Service Model
6.2.3.1.2 Germany Shared Mobility Market by Vehicle
6.2.3.2 UK Shared Mobility Market
6.2.3.2.1 UK Shared Mobility Market by Service Model
6.2.3.2.2 UK Shared Mobility Market by Vehicle
6.2.3.3 France Shared Mobility Market
6.2.3.3.1 France Shared Mobility Market by Service Model
6.2.3.3.2 France Shared Mobility Market by Vehicle
6.2.3.4 Russia Shared Mobility Market
6.2.3.4.1 Russia Shared Mobility Market by Service Model
6.2.3.4.2 Russia Shared Mobility Market by Vehicle
6.2.3.5 Spain Shared Mobility Market
6.2.3.5.1 Spain Shared Mobility Market by Service Model
6.2.3.5.2 Spain Shared Mobility Market by Vehicle
6.2.3.6 Italy Shared Mobility Market
6.2.3.6.1 Italy Shared Mobility Market by Service Model
6.2.3.6.2 Italy Shared Mobility Market by Vehicle
6.2.3.7 Rest of Europe Shared Mobility Market
6.2.3.7.1 Rest of Europe Shared Mobility Market by Service Model
6.2.3.7.2 Rest of Europe Shared Mobility Market by Vehicle
6.3 Asia Pacific Shared Mobility Market
6.3.1 Asia Pacific Shared Mobility Market by Service Model
6.3.1.1 Asia Pacific Ride Hailing Market by Country
6.3.1.2 Asia Pacific Ride Sharing Market by Country
6.3.1.3 Asia Pacific Car Sharing Market by Country
6.3.1.4 Asia Pacific Bike Sharing Market by Country
6.3.1.5 Asia Pacific Others Market by Country
6.3.2 Asia Pacific Shared Mobility Market by Vehicle
6.3.2.1 Asia Pacific Cars Market by Country
6.3.2.2 Asia Pacific Two-wheelers Market by Country
6.3.2.3 Asia Pacific Others Market by Country
6.3.3 Asia Pacific Shared Mobility Market by Country
6.3.3.1 China Shared Mobility Market
6.3.3.1.1 China Shared Mobility Market by Service Model
6.3.3.1.2 China Shared Mobility Market by Vehicle
6.3.3.2 Japan Shared Mobility Market
6.3.3.2.1 Japan Shared Mobility Market by Service Model
6.3.3.2.2 Japan Shared Mobility Market by Vehicle
6.3.3.3 India Shared Mobility Market
6.3.3.3.1 India Shared Mobility Market by Service Model
6.3.3.3.2 India Shared Mobility Market by Vehicle
6.3.3.4 South Korea Shared Mobility Market
6.3.3.4.1 South Korea Shared Mobility Market by Service Model
6.3.3.4.2 South Korea Shared Mobility Market by Vehicle
6.3.3.5 Singapore Shared Mobility Market
6.3.3.5.1 Singapore Shared Mobility Market by Service Model
6.3.3.5.2 Singapore Shared Mobility Market by Vehicle
6.3.3.6 Malaysia Shared Mobility Market
6.3.3.6.1 Malaysia Shared Mobility Market by Service Model
6.3.3.6.2 Malaysia Shared Mobility Market by Vehicle
6.3.3.7 Rest of Asia Pacific Shared Mobility Market
6.3.3.7.1 Rest of Asia Pacific Shared Mobility Market by Service Model
6.3.3.7.2 Rest of Asia Pacific Shared Mobility Market by Vehicle
6.4 LAMEA Shared Mobility Market
6.4.1 LAMEA Shared Mobility Market by Service Model
6.4.1.1 LAMEA Ride Hailing Market by Country
6.4.1.2 LAMEA Ride Sharing Market by Country
6.4.1.3 LAMEA Car Sharing Market by Country
6.4.1.4 LAMEA Bike Sharing Market by Country
6.4.1.5 LAMEA Others Market by Country
6.4.2 LAMEA Shared Mobility Market by Vehicle
6.4.2.1 LAMEA Cars Market by Country
6.4.2.2 LAMEA Two-wheelers Market by Country
6.4.2.3 LAMEA Others Market by Country
6.4.3 LAMEA Shared Mobility Market by Country
6.4.3.1 Brazil Shared Mobility Market
6.4.3.1.1 Brazil Shared Mobility Market by Service Model
6.4.3.1.2 Brazil Shared Mobility Market by Vehicle
6.4.3.2 Argentina Shared Mobility Market
6.4.3.2.1 Argentina Shared Mobility Market by Service Model
6.4.3.2.2 Argentina Shared Mobility Market by Vehicle
6.4.3.3 UAE Shared Mobility Market
6.4.3.3.1 UAE Shared Mobility Market by Service Model
6.4.3.3.2 UAE Shared Mobility Market by Vehicle
6.4.3.4 Saudi Arabia Shared Mobility Market
6.4.3.4.1 Saudi Arabia Shared Mobility Market by Service Model
6.4.3.4.2 Saudi Arabia Shared Mobility Market by Vehicle
6.4.3.5 South Africa Shared Mobility Market
6.4.3.5.1 South Africa Shared Mobility Market by Service Model
6.4.3.5.2 South Africa Shared Mobility Market by Vehicle
6.4.3.6 Nigeria Shared Mobility Market
6.4.3.6.1 Nigeria Shared Mobility Market by Service Model
6.4.3.6.2 Nigeria Shared Mobility Market by Vehicle
6.4.3.7 Rest of LAMEA Shared Mobility Market
6.4.3.7.1 Rest of LAMEA Shared Mobility Market by Service Model
6.4.3.7.2 Rest of LAMEA Shared Mobility Market by Vehicle
Chapter 7. Company Profiles
7.1 Lyft, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Research & Development Expenses
7.1.4 Recent strategies and developments
7.1.4.1 Partnerships, Collaborations, and Agreements
7.1.4.2 Acquisition and Mergers
7.2 Grab Holdings Inc
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments
7.2.5.1 Partnerships, Collaborations, and Agreements
7.3 Avis Budget Group, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Recent strategies and developments
7.3.4.1 Partnerships, Collaborations, and Agreements
7.3.4.2 Acquisition and Mergers
7.4 DiDi Global Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments
7.4.5.1 Partnerships, Collaborations, and Agreements
7.5 Deutsche Bahn Connect GmbH (Deutsche Bahn AG)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.6 Uber Technologies, Inc.
7.6.1 Company Overview
7.6.2 Recent strategies and developments
7.6.2.1 Partnerships, Collaborations, and Agreements
7.6.2.2 Acquisition and Mergers
7.7 GT Gettaxi (UK) Limited
7.7.1 Company Overview
7.7.2 Recent strategies and developments
7.7.2.1 Partnerships, Collaborations, and Agreements
7.8 Ola Cabs (ANI Technologies Pvt. Ltd.)
7.8.1 Company Overview
7.9 SHARE NOW GmbH
7.9.1 Company Overview
7.10. Global Car Sharing and Rental Co., Ltd
7.10.1 Company Overview

Companies Mentioned

  • Lyft, Inc.
  • Grab Holdings Inc
  • Avis Budget Group, Inc.
  • DiDi Global Inc.
  • Deutsche Bahn Connect GmbH (Deutsche Bahn AG)
  • Uber Technologies, Inc.
  • GT Gettaxi (UK) Limited
  • Ola Cabs (ANI Technologies Pvt. Ltd.)
  • Share Now GmbH
  • Global Car Sharing and Rental Co., Ltd

Methodology

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