According to the TechSci Research report, “Asia Pacific Shared Mobility Market–By Country, Competition Forecast and Opportunities, 2018-2030F“, the market is anticipated to grow with a rapid CAGR in the upcoming years. Shared mobility refers to the shared use of a vehicle, motorcycle, scooter, or other mode of transportation to access transportation services on an as-needed basis. The fundamental concept of shared mobility is the use of the same vehicle by multiple occupants. It includes public transportation, micro-mobility, automobile-based modes, and commute-based modes or ridesharing.
Furthermore, it has several advantages, including efficient travel, lower transportation costs, lower fuel consumption, improved traffic conditions, and lower greenhouse gas emissions. Shared mobility is a growing industry in which customers share transportation resources and services at the same time or sequentially. Furthermore, shared mobility is not only cost-effective and environmentally friendly but also convenient.
The rise of the shared mobility sector creates new and profitable opportunities for a variety of industries, including automakers, parts suppliers, and technology firms. The changing lifestyle, traditional mobility needs, and customer expectations are shifting towards service and away from ownership. The evolving automobile ecosystem is shifting mobility delivery towards a more user-centered paradigm. Connectivity, electric vehicles, and other technological improvements have all contributed to rising mobility trends such as ride-sharing or hailing. People are increasingly using alternative transportation services due to the ease and high cost associated with them.
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Increased internet penetration and increased investment in shared mobility enterprises have spurred market expansion. Furthermore, increased road traffic congestion, lack of parking spaces, high fuel prices, and the expensive cost of personal vehicle ownership are important factors driving the rise of the shared mobility sector. The rapid growth of the vehicle industry, the development of an integrated ecosystem within the transportation industry, and government measures encouraging shared mobility solutions to minimize traffic congestion on highways are expected to fuel the growth of the Asia Pacific shared mobility market.
Carzonrent, an automobile rental firm located in India, has created Plug Mobility, an electric Mobility-as-a-Service (MaaS) platform that provides sustainable mobility solutions for business travel, fleet employee transfers, airport taxi, crew transfer, government, and PSU official travel. This platform is dedicated to accelerating the transition to electric vehicles while lowering emissions.
Asia Pacific Shared Mobility market can be segmented based on service type, by vehicle type, by booking type, commute type, and by region. The mobility as a service market is divided into two segments based on service type: sharing and rental. Because of the rising options for booking and comfort, the sharing segment held a higher share of the mobility as a service market. The mobility as a service market is divided into three segments based on vehicle type: two-wheelers, passenger cars, and commercial vehicles. The passenger car sector had the biggest market share, owing to growing investment in transportation infrastructure, which has fuelled demand for mobility services. By booking type, the market is segmented into two categories: online and offline booking. Among them, online has the biggest share due to the presence of mobile apps for booking. By commute type, the market is divided into inter-city and intra-city. In this segment, the market is dominated by intra-city because of people’s preference of using shared mobility for daily commutes to their office.
Some of the major players operating in the Saudi Arabia Shared Mobility Market include:
- Uber Technologies Inc.
- ANI Technologies Pvt. Ltd. (Ola Cabs)
- Superhighway Labs Pvt. Ltd (Shuttl)
- Lyft, Inc
- Europcar Mobility Group
- Grab Holdings Inc
- Bolt Technology OU
- Easy Mile SAS
- Didi Chuxing Technology Co., Ltd.
- Zoomcar India Private Limited
- Drivemate Pte Ltd.
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“Many companies are investing in the shared mobility market companies such as Grab, Ola, and DiDi as these companies offer viable alternatives to driving, in APAC. Asian firms are flourishing, and multinational corporations are increasingly realizing the value of extending their Asia Pacific operations. Moreover, the penetration of the internet, easy hassle-free booking of the vehicle and growing electric vehicle and infrastructure connectivity are propelling the growth of the Asia Pacific shared mobility market” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Asia Pacific Shared Mobility Market, By Battery Type (Lead- Acid, Lithium-Ion), By Application (Construction, Warehouse, Retail & Wholesale Store, Manufacturing), By Region, Competition Forecast & Opportunities, 2018- 2030F, has evaluated the future growth potential of Asia Pacific Shared Mobility Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Asia Pacific Shared Mobility Market.
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Table of Content-Asia-Pacific Shared Mobility Market
- Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
- Impact of COVID-19 on Asia-Pacific Shared Mobility Market
- Voice of Customer
5.1. Factors Influencing Purchase Decision
5.2. Aided and Unaided Brand Recall
5.3. Brand Satisfaction Level
- Asia-Pacific Shared Mobility Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Service Type (Shared, Rental)
6.2.2. By Vehicle Type (Two wheeler, Passenger Car and Commercial Vehicle)
6.2.3. By Booking Type (Online, Offline)
6.2.4. By Commute Type (Inter-City, Intra-City)
6.2.5. By Region
6.2.6. By Company (2022)
6.3. Asia-Pacific Shared Mobility Market Mapping & Opportunity
6.3.1. Market Mapping & Opportunity by Service Type
6.3.2. Market Mapping & Opportunity by Vehicle Type
6.3.3. Market Mapping & Opportunity by Booking Type
6.3.4. Market Mapping & Opportunity by Commute Type
6.3.5. Market Mapping & Opportunity by Region
6.4. Asia-Pacific: Country Analysis
6.4.1. China Shared Mobility Market Outlook
6.4.1.1. Market Size & Forecast
6.4.1.1.1. By Value
6.4.1.2. Market Share & Forecast
6.4.1.2.1. By Service Type (Shared, Rental)
6.4.1.2.2. By Vehicle Type (Two wheeler, Passenger Car and Commercial Vehicle)
6.4.1.2.3. By Booking Type (Online, Offline)
6.4.1.2.4. By Commute Type (Inter-City, Intra-City)
6.4.2. Japan Shared Shared Mobility Market Outlook
6.4.2.1. Market Size & Forecast
6.4.2.1.1. By Value
6.4.2.2. Market Share & Forecast
6.4.2.2.1. By Service Type (Shared, Rental)
6.4.2.2.2. By Vehicle Type (Two wheeler, Passenger Car and Commercial Vehicle)
6.4.2.2.3. By Booking Type (Online, Offline)
6.4.2.2.4. By Commute Type (Inter-City, Intra-City)
6.4.3. India Shared Mobility Market Outlook
6.4.3.1. Market Size & Forecast
6.4.3.1.1. By Value
6.4.3.2. Market Share & Forecast
6.4.3.2.1. By Service Type (Shared, Rental)
6.4.3.2.2. By Vehicle Type (Two wheeler, Passenger Car and Commercial Vehicle)
6.4.3.2.3. By Booking Type (Online, Offline)
6.4.3.2.4. By Commute Type (Inter-City, Intra-City)
6.4.4. Singapore Shared Mobility Market Outlook
6.4.4.1. Market Size & Forecast
6.4.4.1.1. By Value
6.4.4.2. Market Share & Forecast
6.4.4.2.1. By Service Type (Shared, Rental)
6.4.4.2.2. By Vehicle Type (Two wheeler, Passenger Car and Commercial Vehicle)
6.4.4.2.3. By Booking Type (Online, Offline)
6.4.4.2.4. By Commute Type (Inter-City, Intra-City)
6.4.5. Thailand Shared Mobility Market Outlook
6.4.5.1. Market Size & Forecast
6.4.5.1.1. By Value
6.4.5.2. Market Share & Forecast
6.4.5.2.1. By Service Type (Shared, Rental)
6.4.5.2.2. By Vehicle Type (Two wheeler, Passenger Car and Commercial Vehicle)
6.4.5.2.3. By Booking Type (Online, Offline)
6.4.5.2.4. By Commute Type (Inter-City, Intra-City)
6.4.6. Indonesia Shared Mobility Market Outlook
6.4.6.1. Market Size & Forecast
6.4.6.1.1. By Value
6.4.6.2. Market Share & Forecast
6.4.6.2.1. By Service Type (Shared, Rental)
6.4.6.2.2. By Vehicle Type (Two wheeler, Passenger Car and Commercial Vehicle)
6.4.6.2.3. By Booking Type (Online, Offline)
6.4.6.2.4. By Commute Type (Inter-City, Intra-City)
6.4.7. South Korea Shared Mobility Market Outlook
6.4.7.1. Market Size & Forecast
6.4.7.1.1. By Value
6.4.7.2. Market Share & Forecast
6.4.7.2.1. By Service Type (Shared, Rental)
6.4.7.2.2. By Vehicle Type (Two wheeler, Passenger Car and Commercial Vehicle)
6.4.7.2.3. By Booking Type (Online, Offline)
6.4.7.2.4. By Commute Type (Inter-City, Intra-City)
6.4.8. Malaysia Shared Mobility Market Outlook
6.4.8.1. Market Size & Forecast
6.4.8.1.1. By Value
6.4.8.2. Market Share & Forecast
6.4.8.2.1. By Service Type (Shared, Rental)
6.4.8.2.2. By Vehicle Type (Two wheeler, Passenger Car and Commercial Vehicle)
6.4.8.2.3. By Booking Type (Online, Offline)
6.4.8.2.4. By Commute Type (Inter-City, Intra-City)
6.4.8.2.5.
