The Shared Vehicles Global Market Report 2023, provides comprehensive information on the shared vehicles market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Shared Vehicles Global Market Report 2023, the global shared vehicles market size is expected to grow from $120.40 billion in 2022 to $139.66 billion in 2023 at a compound annual growth rate (CAGR) of 16.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global shared vehicles market size is expected to grow to $243.94 billion in 2027 at a CAGR of 15.0%.
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Strategic partnerships and collaborations have emerged as the key trends gaining popularity in the shared vehicles market. The key players operating in the shared vehicles sector are focused on partnerships and collaborations to reinforce their market position. For instance, in October 2021, Hertz Global Holdings, a US-based car rental company partnered with Uber Technologies Inc., a US-based ride-hailing services provider. With the partnership, the companies intended to make up to 50,000 Teslas available for rental over the Uber network by 2023. Moreover, in April 2021, Curb Mobility, a US-based mobility platform partnered with Gett, a US-based corporate ground transportation management technology platform. With a global spend of $79.6 billion on corporate ground transportation management (GTM), the agreement strengthens Gett’s position as a technology platform to strengthen in the market.
The shared vehicles market is segmented:
1) By Service: Car Rental, Bike Sharing, Car Sharing
2) By Vehicle Type: Passenger Cars, LCVs (Light Commercial Vehicles), Micro Mobility
3) By Propulsion: Electric Vehicles, IC Engine Vehicles
Asia-Pacific was the largest region in the shared vehicles market in 2022.
The table of contents in TBRC’s shared vehicles market report includes:
1. Executive Summary
2. Shared Vehicles Market Characteristics
3. Shared Vehicles Market Trends And Strategies
4. Shared Vehicles Market – Macro Economic Scenario
5. Shared Vehicles Market Size And Growth
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26. Africa Shared Vehicles Market
27. Shared Vehicles Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Shared Vehicles Market
29. Shared Vehicles Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Sixt SE
- Avis Budget Group
- Lyft Inc
- Hertz Corporation
- Europcar Mobility Group
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