Global Shared Mobility Market Size, Trends and Growth Opportunity, By Service Model (Ride Hailing, Bike Sharing, Ride Sharing, Car Sharing, Others), Vehicle Type (Cars, Two-Wheelers, Others), Business Model (Peer-To-Peer (P2P), Business-To-Business (B2B), Business-To-Consumer (B2C)), Sector Type (Unorganized, Organized), Autonomy Level (Manual, Autonomous, Semi-Autonomous), Power Source (Fuel Powered, Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV)) By Region and forecast till 2027.
Report ID : IR100856 | Industries : Automotive and Transportation | Published On :March 2024 | Page Count : 55
Global Shared Mobility Market Size, Trends and Growth Opportunity, By Service Model (Ride Hailing, Bike Sharing, Ride Sharing, Car Sharing, Others), Vehicle Type (Cars, Two-Wheelers, Others), Business Model (Peer-To-Peer (P2P), Business-To-Business (B2B), Business-To-Consumer (B2C)), Sector Type (Unorganized, Organized), Autonomy Level (Manual, Autonomous, Semi-Autonomous), Power Source (Fuel Powered, Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV)) By Region and forecast till 2027.
Global Shared Mobility Market
Global Shared Mobility Market was valued at USD 3.3 billion in 2021 and is slated to reach at USD 28.12 billion by 2027 at a CAGR of 28.2% from 2022-2027.
A travelling service called "Shared Mobility" allows users to share transportation services with other users. In this service, commercial vehicle owners loan their vehicles to a company, which then makes them available for ride-sharing, mobility services, and hiring. The cost of these cars varies with the length and distance of the trip. Bike, scooter, limo, taxi, car, ridesharing, and many other shared vehicles are all examples of shared mobility.
Market Drivers
Peer-to-peer automobile sharing, shared electric scooters, and other new services and modes have all been introduced. Its automated operations, tailored travel on demand, possible integration, and environmentally benign nature have all been cited as reasons for this rise. The market for shared mobility is anticipated to develop as a result of connected cars and smart phones becoming more widely used. Numerous businesses have started developing mobile apps to aid in non-ownership rides. The rider can easily reserve their ride in this module based on their preferences, such as the time, route, and vehicle type for the specific time period. Ridesharing is increasing at the considerable rate in the foreseeable term, and this might be attributable to the extensive adoption of the beautiful and cost-effective way of transport journeys among customers. Hence, customer acceptance of ridesharing is anticipated to fuel industry expansion.
Market Restraints
Numerous businesses have started developing mobile apps to aid in non-ownership rides. The rider can easily reserve their ride in this module based on their preferences, such as the time, route, and vehicle type for the specific time period. Ridesharing is increasing at the considerable rate in the foreseeable term, and this might be attributable to the extensive adoption of the beautiful and cost-effective way of transport journeys among customers. Hence, customer acceptance of ridesharing is anticipated to fuel industry expansion.
Impact of COVID-19
The COVID-19 epidemic had a negative effect on the expansion of the shared mobility business since it changed customers' global travel habits. Throughout the epidemic, people's ability to move around has greatly deteriorated. Consumers favored clean, secure modes of transportation over shared mobility services like ride sharing. Due to the execution of several measures, such as the dread of traffic, social isolation, and reduced commuting, ride-hailing also declined. Yet, other aspects of this service, such micro-mobility services, have seen an increase in demand because of the growth of the e-commerce industry. Additionally, clients now travel on a daily basis using micro-mobility vehicles including scooters, e-bikes, electric-pedal assisted bicycles, and others.
Recent developments
The Intimidator Group Inc, a US-based maker of side-by-side vehicles, was acquired by The Toro Company in 2022. The Toro Company is a provider of creative solutions for outdoor environments. The Toro Corporation hopes to establish itself as a significant participant in the worldwide industry and strengthen its position in the zero-turn mower market with this acquisition.
Ride Ready, an industry-first on-demand digital service platform, was introduced by Polaris Inc. in 2020. By utilizing digital technology and solutions, the new Ride Ready digital strategy seeks to provide market-leading tools that lower the barriers to developing affinities, ownership, and loyalty with current consumers. Indian Motorcycle and Ride Ready are connected so that servicing appointments can be simply scheduled online.
Market Segmentation
Global Shared Mobility Market is segmented into By Service Model, Vehicle Type, Business Model, Sector Type, Autonomy Level, Power Source. By Service Model such as Ride Hailing, Bike Sharing, Ride Sharing, Car Sharing, Others. By Vehicle Type such as Cars, Two-Wheelers, Others. By Business Model such as Peer-To-Peer (P2P), Business-To-Business (B2B), Business-To-Consumer (B2C). by Sector Type such as Unorganized, Organized. By Autonomy Level such as Manual, Autonomous, Semi-Autonomous. By Power Source such as Fuel Powered, Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV).
Regional Analysis
Global Shared Mobility Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Because to high car ownership prices and rising on-road vehicle traffic in nations like China and India in this region, Asia-Pacific now holds a lion's share of the global market for shared mobility in terms of revenue growth. Over the predicted period of 2022–2027, Europe is expected to experience the quickest rate of development. Due to the rising number of business travellers in this area, there is a significant demand for shared transportation options.
Key Players
This report includes a list of numerous Key Players, namely car2go NA, LLC (U.S.), Beijing Xiaoju Technology Co, Ltd. (China), Mobiag (Portugal), movmi Shared Transportation Services Inc. (Canada), Uber Technologies Inc. (U.S.), ANI Technologies Pvt. Ltd. (India), Lyft, Inc. (U.S.), Careem (U.A.E), Bolt Technology OÜ (Estonia), Gett (U.K.).
Market Taxonomy
By Service Model
• Ride Hailing
• Bike Sharing
• Ride Sharing
• Car Sharing
• Others
By Vehicle Type
• Cars
• Two-Wheelers
• Others
By Business Model
• Peer-To-Peer (P2P)
• Business-To-Business (B2B)
• Business-To-Consumer (B2C)
By Sector Type
• Unorganized
• Organized
By Autonomy Level
• Manual
• Autonomous
• Semi-Autonomous
By Power Source
• Fuel Powered
• Hybrid Electric Vehicle (HEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle (BEV)
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Shared Mobility Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Shared Mobility Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Shared Mobility Market, By Service Model
5.1 Y-o-Y Growth Comparison, By Service Model
5.2 Global Shared Mobility Market Share Analysis, By Service Model
5.3 Global Shared Mobility Market Size and Forecast, By Service Model
5.3.1 Ride Hailing
5.3.2 Bike Sharing
5.3.3 Ride Sharing
5.3.4 Car Sharing
5.3.5 Others
6 Global Shared Mobility Market, By Vehicle Type
6.1 Y-o-Y Growth Comparison, By Vehicle Type
6.2 Global Shared Mobility Market Share Analysis, By Vehicle Type
6.3 Global Shared Mobility Market Size and Forecast, By Vehicle Type
6.3.1 Cars
6.3.2 Two-Wheelers
6.3.3 Others
7 Global Shared Mobility Market, By Business Model
7.1 Y-o-Y Growth Comparison, By Business Model
7.2 Global Shared Mobility Market Share Analysis, By Business Model
7.3 Global Shared Mobility Market Size and Forecast, By Business Model
7.3.1 Peer-To-Peer (P2P)
7.3.2 Business-To-Business (B2B)
7.3.3 Business-To-Consumer (B2C)
8 Global Shared Mobility Market, By Sector Type
8.1 Y-o-Y Growth Comparison, By Sector Type
8.2 Global Shared Mobility Market Share Analysis, By Sector Type
8.3 Global Shared Mobility Market Size and Forecast, By Sector Type
8.3.1 Unorganized
8.3.2 Organized
9 Global Shared Mobility Market, By Autonomy Level
9.1 Y-o-Y Growth Comparison, By Autonomy Level
9.2 Global Shared Mobility Market Share Analysis, By Autonomy Level
9.3 Global Shared Mobility Market Size and Forecast, By Autonomy Level
9.3.1 Manual
9.3.2 Autonomous
9.3.3 Semi-Autonomous
10 Global Shared Mobility Market, By Power Source
10.1 Y-o-Y Growth Comparison, By Power Source
10.2 Global Shared Mobility Market Share Analysis, By Power Source
10.3 Global Shared Mobility Market Size and Forecast, By Power Source
10.3.1 Fuel Powered
10.3.2 Hybrid Electric Vehicle (HEV)
10.3.3 Plug-in Hybrid Electric Vehicle (PHEV)
10.3.4 Battery Electric Vehicle (BEV)
11Global Shared Mobility Market, By Region
11.1 Global Shared Mobility Market Share Analysis, By Region
11.2 Global Shared Mobility Market Share Analysis, By Region
11.3 Global Shared Mobility Market Size and Forecast, By Region
12 North America Shared Mobility Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 North America Shared Mobility Market Share Analysis, By Service Model
12.3 North America Shared Mobility Market Size and Forecast, By Vehicle Type
12.4 North America Shared Mobility Market Size and Forecast, By Business Model
12.5 North America Shared Mobility Market Size and Forecast, By Sector Type
12.6 North America Shared Mobility Market Size and Forecast, By Autonomy Level
12.7 North America Shared Mobility Market Size and Forecast, By Power Source
12.8 North America Shared Mobility Market Size and Forecast, By Country
12.8.1 U.S.
12.8.2 Canada
12.8.3 Mexico
13 Europe Shared Mobility Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Europe Shared Mobility Market, Share Analysis, By Service Model
13.3 Europe Shared Mobility Market, Size and Forecast, By Vehicle Type
13.4 Europe Shared Mobility Market, Size and Forecast, By Sector Type
13.5 Europe Shared Mobility Market, Size and Forecast, By Business Model
13.6 Europe Shared Mobility Market, Size and Forecast, By Autonomy Level
13.7 Europe Shared Mobility Market, Size and Forecast, By Power Source
13.8 Europe Shared Mobility Market, Size and Forecast, By Country
13.8.1 Germany
13.8.2 France
13.8.3 UK
13.8.4. Rest of Europe
14Asia Pacific Shared Mobility Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Asia Pacific Shared Mobility Market, Share Analysis, By Service Model
14.3 Asia Pacific Shared Mobility Market, Size and Forecast, By Vehicle Type
14.4 Asia Pacific Shared Mobility Market, Size and Forecast, By Sector Type
14.5 Asia Pacific Shared Mobility Market, Size and Forecast, By Business Model
14.6 Asia Pacific Shared Mobility Market, Size and Forecast, By Autonomy Level
14.7Asia Pacific Shared Mobility Market, Size and Forecast, By Power Source
14.8 Asia Pacific Shared Mobility Market, Size and Forecast, By Country
14.8.1 China
14.8.2 Japan
14.8.3 India
14.8.4. Rest of Asia Pacific
15Latin America Shared Mobility Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Latin America Shared Mobility Market, Share Analysis, By Service Model
15.3 Latin America Shared Mobility Market, Size and Forecast, By Vehicle Type
15.4 Latin America Shared Mobility Market, Size and Forecast, By Sector Type
15.5 Latin America Shared Mobility Market, Size and Forecast, By Business Model
15.6 Latin America Shared Mobility Market, Size and Forecast, By Autonomy Level
15.7 Latin America Shared Mobility Market, Size and Forecast, By Power Source
15.8 Latin America Shared Mobility Market, Size and Forecast, Country
15.8.1. Brazil
15.8.2.Rest of Latin America
16Middle East Shared Mobility Market Analysis and Forecast (2022-2027)
16.1 Introduction
16.2 Middle East Shared Mobility Market, Share Analysis, By Service Model
16.3 Middle East Shared Mobility Market, Size and Forecast, By Vehicle Type
16.4 Middle East Shared Mobility Market, Size and Forecast, By Sector Type
16.5 Middle East Shared Mobility Market, Size and Forecast, By Business Model
16.6 Middle East Shared Mobility Market, Size and Forecast, By Autonomy Level
16.7 Middle East Shared Mobility Market, Size and Forecast, By Power Source
16.8 Middle East Shared Mobility Market, Size and Forecast, By Country
16.8.1. Saudi Arabia
16.8.2. UAE
16.8.3. Egypt
16.8.4. Kuwait
16.8.5. South Africa
17Competitive Analysis
17.1 Competition Dashboard
17.2 Market share Analysis of Top Vendors
17.3 Key Development Strategies
18 Company Profiles
18.1 car2go NA, LLC (U.S.)
18.1.1 Overview
18.1.2 Offerings
18.1.3 Key Financials
18.1.4 Business Segment & Geographic Overview
18.1.5 Key Market Developments
18.1.6 Key Strategies
18.2 Beijing Xiaoju Technology Co, Ltd. (China)
18.2.1 Overview
18.2.2 Offerings
18.2.3 Key Financials
18.2.4 Business Segment & Geographic Overview
18.2.5 Key Market Developments
18.2.6 Key Strategies
18.3 Mobiag (Portugal)
18.3.1 Overview
18.3.2 Offerings
18.3.3 Key Financials
18.3.4 Business Segment & Geographic Overview
18.3.5 Key Market Developments
18.3.6 Key Strategies
18.4 movmi Shared Transportation Services Inc. (Canada)
18.4.1 Overview
18.4.2 Offerings
18.4.3 Key Financials
18.4.4 Business Segment & Geographic Overview
18.4.5 Key Market Developments
18.4.6 Key Strategies
18.5 Uber Technologies Inc. (U.S.)
18.5.1 Overview
18.5.2 Offerings
18.5.3 Key Financials
18.5.4 Business Segment & Geographic Overview
18.5.5 Key Market Developments
18.5.6 Key Strategies
18.6 ANI Technologies Pvt. Ltd. (India)
18.6.1 Overview
18.6.2 Offerings
18.6.3 Key Financials
18.6.4 Business Segment & Geographic Overview
18.6.5 Key Market Developments
18.6.6 Key Strategies
18.7 Lyft, Inc. (U.S.)
18.7.1 Overview
18.7.2 Offerings
18.7.3 Key Financials
18.7.4 Business Segment & Geographic Overview
18.7.5 Key Market Developments
18.7.6 Key Strategies
18.8 Careem (U.A.E)
18.8.1 Overview
18.8.2 Offerings
18.8.3 Key Financials
18.8.4 Business Segment & Geographic Overview
18.8.5 Key Market Developments
18.8.6 Key Strategies
18.9 Bolt Technology OÜ (Estonia)
18.9.1 Overview
18.9.2 Offerings
18.9.3 Key Financials
18.9.4 Business Segment & Geographic Overview
18.9.5 Key Market Developments
18.9.6 Key Strategies
18.10 Gett (U.K.)
18.10.1 Overview
18.10.2 Offerings
18.10.3 Key Financials
18.10.4 Business Segment & Geographic Overview
18.10.5 Key Market Developments
18.10.6 Key Strategies