Shared mobility is a type of transportation service in which companies organize facilities to provide commuting services from one point to another. Some commercial vehicle owners donate their fleet to the group, which uses these vehicles to provide services such as rentals, carpooling, and commuting. The fee is entirely determined by the distance and time it takes the customer to get at the destination.
Shared Mobility Market Scope and Research Methodology:
The report’s goal is to analyze and forecast the Shared Mobility market size. In order to correctly depict the competition scenario for the worldwide Shared Mobility industry, the market research provides strategic profiling of important market participants. It contains a thorough examination of new product launches, acquisitions, mergers and acquisitions, joint ventures, brands, and important players in the Shared Mobility business. The research contains information on industry trends and developments, market dynamics and their potential, assisting specialists in staying current on the most recent trends and sector performance, estimating growth and fall in Shared Mobility market share during the forecast period. Primary and secondary research approaches were used to have a thorough understanding of the Shared Mobility industry. Various approaches such as the PESTLE, PORTER, and SWOT analysis were applied for accurate results. SWOT analysis was used to identify the industry’s key players’ strengths, weaknesses, opportunities, and difficulties. The PORTER and PESTLE study assists in comprehending the microeconomic and macroeconomic aspects influencing the Shared Mobility industry.
Shared Mobility Market Report Overview:
The research comprehensively covers insight analysis in light of the Shared Mobility Market, as well as its ever-changing patterns, industry environment, and all leading market elements. The Shared Mobility market study also includes a complete analysis of leading players.
Shared Mobility Market size was valued at US$ 94 Billion in 2020 and the total Shared Mobility Market revenue is expected to grow at 28.8% through 2021 to 2027, reaching nearly US$ 552.76 Billion.
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Shared Mobility Market Segmentation:
When examining the history of travel development over time, the NHTSA survey reveals that e-hailing maintained a clear dominant role in the shared mobility sector from 2016 to 2019, showing significant increase over the last four years. (The number of journeys is tripled). Shared micromobility is becoming more powerful. Before 2017, sharing electric scooters wasn’t a major deal, but it picked up steam in 2018 and 2019 (from less than 1 million rides in 2017 to more than 160 million rides in 2019). With the most powerful player). According to the SMR model, micromobility has the potential to achieve $ 300-500 billion in personal consumption potential globally by 2030 (when combined with shared and private micromobility). This is three to four times the current worldwide electronic hailing market size.
Because of the epidemic, there is a greater need for flexible personal mobility. Customers want to own their own vehicles but do not want to be tied down; they want to hire quickly at a low fixed cost. Car registration serves as a link between renting or leasing a vehicle and owning one. The shared mobility market has several dynamics: suppliers such as Cluno and Vive la Car have been active for a while. Customers can now acquire a cancelable monthly membership to the VW WeShare car-sharing service and benefit from lower pricing. MaxJosel Meier, the creator of Finn.auto, has been offering a subscription model since last year and has recently convinced investors to spend additional 20 million euros.
Since 2012, motorcycles’ proportion in the shared mobility market has been constant, but at a variable level. User numbers are currently increasing, particularly in urban regions. According to the most recent moped sharing study, the global number of shared mopeds has climbed by 58 percent in the last year, from 66,000 to 104,000 vehicles today, and the number of registered users has increased by 80%, from 5 million to 9 million. The automobiles are strong and sturdy, comfy, and easy to find a parking space in. Furthermore, providers have not yet penetrated many cities and regions: there are significant untapped prospects in the United Kingdom, France, Italy, and throughout Eastern Europe.
Electric bicycles are taking over the streets. Many cities, including Paris and Cologne, have not just converted lanes into bike routes since the outbreak. They then moved on to the shared mobility market. Lime and FreeNow, for example, have already announced plans to launch electric bike sharing in Hamburg in September 2020. In Berlin, Wheels merged a scooter and an electric bike to create its own vehicle. Dot announced at the end of 2020 that, in addition to its successful scooter sharing service, it will begin offering electric bike sharing to consumers in London and Paris in March 2021. According to industry sources, several competitors are already in the starting blocks.
Shared Mobility Market Key Players:
Beijing Xiaoju Technology Co, Ltd. (China)
Global car sharing car rental Ltd. (China)
Grab (Singapore)
Uber Technologies Inc. (USA)
ANI Technologies Pvt. Ltd. (India)
Lyft Inc. (USA)
Avis Budget Group (USA)
car2go NA, LLC (USA)
Careem (UAE)
Taxify OÜ (Now Bolt) (Estonia)
Gett (UK)
Maxi Mobility S.L (Cabify) (Spain)
Shared Mobility Market Regional Analysis:
The report is divided into several key countries, with market size, growth rate, import and export of Shared Mobility market in these countries, which cover North America, the United States, Canada, Mexico, Europe, the United Kingdom, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa.
Key Questions answered in the Shared Mobility Market Report are:
- Which segment grabbed the largest share in the Shared Mobility market?
- Which segment is expected to grow at a high rate during the forecast period?
- How is the competitive scenario of the Shared Mobility market?
- Which are the key factors driving the Shared Mobility market growth?
- Which region holds the maximum share in the Shared Mobility market?
- What will be the CAGR of the Shared Mobility market during the forecast period?
- Which are the prominent players in the Shared Mobility market?
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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