The global shared mobility market size was US$ 96.02 billion in 2021. The global shared mobility market size is forecast to reach US$ 193.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.1% during the forecast period from 2022 to 2030.
Request To Download Sample of This Strategic Report :-https://reportocean.com/industry-verticals/sample-request?report_id=BWCC825
Shared Mobility is a commuting service that lets commuters share transportation services. Shared mobility is a service where commercial vehicle owners share their vehicles with an organization that then provides ride-sharing, hiring, and mobility services. The pricing is totally dependent on the distance & duration of rides. Among the various modes of shared mobility are taxis, carshares, bike shares, scooter shares, limo shares, and ride-sharing services.
According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Factors Influencing Market Growth
The government’s investments into strengthening shared mobility systems and the increasing concern about the environment and cost-effective transportation methods such services provide are forecast to contribute to the global market growth.
Lack of preference for travel with unknown individuals may slow down the global market growth.
The growing number of passenger cars supports the growth of shared mobility services offered by buses and coaches, presenting lucrative opportunities for the global shared mobility market.
Several factors, such as rapid urbanization, environmental concerns, limited energy resources, and economic concerns have increased the demand for shared transportation in recent years, which will boost the global market for shared mobility over the forecast period.
Impact Analysis of COVID-19
In many countries, the imposition of total lockdowns has resulted in a stagnation of industry growth as a result of the spread of COVID-19. As a result, it has caused a slowdown in the traditional automotive sector as many OEMs have stopped production. In the global public transportation market, ridership has plummeted, worsening the situation for operators as well as passengers. Additionally, they have to deal with unpredictability and the possibility of implementing strict protocols. In addition, to ride hailers, many micro-mobility and carpooling businesses have closed their doors. Several governments have launched initiatives to support mobility startups that suffered from the crisis, but a lack of cash reserves and capital to invest will affect the market.
Request To Download Sample of This Strategic Report :-https://reportocean.com/industry-verticals/sample-request?report_id=BWCC825
Regional Insights
The Asia Pacific region accounted for the largest share in the industry in 2022. A key reason for the increase in market share is the increasing number of companies providing shared mobility services due to the increased road traffic and the high cost of vehicle ownership in emerging economies such as India and China. Additionally, the market is growing due to rapid urbanization and improving living standards in emerging nations.
North America’s shared mobility market is forecast to grow gradually over the forecast period. Due to the increasing number of corporate travelers in North America, the industry is growing rapidly due to the rising demand for shared transportation solutions. The presence of key market players could provide exponential growth opportunities. In addition, recent developments in the North American shared mobility market may increase demand for these services.
Leading Competitors
The leading prominent companies profiled in the global shared mobility market are:
ANI Technologies Pvt. Limited
Aptiv PLC
Avis Budget Group
Beijing Xiaoju Technology Co, Limited
Bolt Technology OU
car2go NA LLC
Careem
Enterprise Holdings Incorporated
Gett
Grab Holdings Incorporated
Hertz System Incorporated
Lyft, Incorporated
Mobiag
MOBIKO GmbH
movmi Shared Transportation Services Incorporated
The Hertz Corporation
Uber Technologies Incorporated
Zipcar Incorporated
Other Prominent Players
Scope of the Report
The global shared mobility market segmentation focuses on Type, Vehicle Type, Business Model, and Region.
Segmentation based on Type
Ride-sharing
Vehicle Rental/Leasing
Ride Sourcing
Private
Segmentation based on Vehicle Type
Passenger Cars
Light commercial vehicle (LCVs)
Buses & Coaches
Micro mobility
Segmentation based on Business Model
Peer-to-Peer (P2P)
Business-to-Business (B2B)
Business-to-Consumer (B2C)
Get a Sample PDF copy of the report :-https://reportocean.com/industry-verticals/sample-request?report_id=BWCC825
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the key findings of the report?
?This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
?The report offers the current state of the market and future prospects for various geographical regions.
?This report provides both qualitative and quantitative information about the competitive landscape of the market.
Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=BWCC825
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES Tel: +1 888 212 3539 (US – TOLL FREE)
Website:https://www.reportocean.com/