The Shared Mobility market is estimated to grow from USD 78.2 billion in 2019 to USD 127.1 billion by 2025, at a CAGR of approximately 8.4%. The future of the Shared Mobility market create new opportunity for automakers, suppliers, and many more mobility players. The Shared Mobility market is expected to decline in 2020 due to COVID-19 and is expected to recover in 2021. The major growth driver for this market is the growing awareness of the ill-effects of traffic congestion along with pollution. Additionally, strong digital infrastructure and a vibrant entrepreneurial culture is further propelling the growth of the market across the globe
APAC is the largest region in the global Shared Mobility markets due to increasing growth of the automotive industry seen in China, Japan, and India.
The ride sharing is the largest mode of sharing in the global Shared Mobility market due to low transportation costs.
Shared Mobility market is consolidated as the market share is distributed among the large number of players. Some of the major players of the market include Uber Technologies, DiDi Chuxing Technology, Lyft, Daimler, Grab Taxi, BlaBlaCar, and ANI Technology among others
The sample figures with some insights are shown below
The scope of the global Shared Mobility market report is as follows:
- Key Features Description
- Base Year 2019
- Trend Period 2014-2019
- Forecast Period 2020-2025
- Units Considered Value ( $ Million)
Market Segments Mode of Sharing (Bike, Ride, and Car), By Booking Type(On line an Offline), Customer Type(Leisure, Business, and Others)
Regional / Country North America ( US, Canada, and Mexico), Europe (UK, Germany, Italy, and Rest of Europe), Asia Pacific (Taiwan, Japan, China, South Korea, and Rest of APAC), and RoW
The report performed both primary as well as exhaustive secondary research for this study. Initially, the report analyzed all the leading Shared Mobility manufacturers across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the company personnel were enquired about their key products, revenues, manufacturing plant location, and competitors. For this study, the report conducted more than 20 interviews, the same are mentioned below:
- By company type: Manufacturers (50%), Consumers (25%), Researchers (15%), Independent industry consultant (10%)
- By geography: North America (25%), Asia (40%), Europe (25%), Rest of the World (15%)
- By designation: Top level (40%), Operation level (20%), Mid-level (40%)
The report analyzed the mode of sharing, customer type, booking type and regional presence of all major Shared Mobility manufacturers across the globe. Market size for global Shared Mobility was calculated by using bottom-up approach as well as top –down approach. Various secondary sources such as secondary sources directories, database, company annual reports, white papers, investor presentations and financial reports were also studied to estimate the market size and growth rate.