Shared Mobility Market Will Grow USD 238.03 billion by 2026

Shared Mobility Market

According to the report, The global shared mobility market in 2019 was approximately USD 99.08 billion. The market is expected to grow at a CAGR of 15.42% and is anticipated to reach around USD 238.03 billion by 2026.

Shared mobility is the advanced and innovative transportation service that enables the user to borrow or use the vehicles for short term access. The shared transportation is significantly influenced by the advancements in social networking, internet, location-based services, and mobile technologies. There are various types of shared mobility that include car sharing, taxi sharing, bike sharing, ride sharing, and others. Share mobility offers large number of advantages such as reduced congestion, social and environmental benefits, and monetization for the under used resources. Several countries are adopting the shared mobility for achieving their environmental goals.

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The Shared Mobility market research report delivers an acute valuation and taxonomy of the Shared Mobility industry by practically splitting the market on the basis of different segments and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Shared Mobility industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Shared Mobility industry is provided for the leading economies of the world.

The shared mobility market is segmented on the basis of service, vehicle, and business model. The service segment of the shared mobility market is bifurcated into ride hailing, bike sharing, ride sharing, car sharing, and others. Based on business model, the shared mobility market is divided into P2P, B2B, and B2C. Car, Two-Wheeler and Others are the vehicle segment studied in the report.

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Some of the prominent market players in the shared mobility market are Uber Technologies Inc., Cabify, ANI Technologies Pvt. Ltd. (OLA), Gett, Lyft Inc., Europcar, Grab, Careem, Taxify OÜ, BlaBlaCar, Wingz Inc, Curb Mobility, Beijing Xiaoju Technology Co Ltd. (Didi Chuxing), The Hertz Corporation, Avis Budget Group Inc., and Enterprise Holdings Inc. among others. The market is witnessing significant number of merger and partnership agreements between the automobile manufacturers and the transport companies.

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