Global Shared Mobility Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2028

"Global Shared Mobility Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global shared mobility market report has been segmented on the basis of service model, vehicle, and region.

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Global Shared Mobility market: Introduction 

Shared mobility are transportation services that are shared among users. Shared mobility includes public transport such as taxis, bike sharing, car sharing, ridesharing, ride hailing, ride splitting, scooter sharing, shuttle services, jitneys, and dollar vans.

Global Shared Mobility Market: Dynamics 

Increasing in-road traffic coupled with increasing fuel prices in developed and developing countries is expected to drive revenue growth of the shared mobility market over the forecast period. Rising penetration of connected vehicles and smartphones is expected to augment revenue growth of the global market. Growing demand for cost-effective transport services in developing economies such as China and India is expected to support revenue growth of the global target market over the forecast period. Moreover, increasing costs of individual ownership of vehicles is expected to boost demand for solutions offering sharing of transportation services.

However, lack of awareness regarding shared transportation services is expected to restrain revenue growth of target market over the forecast period.

Global Shared Mobility Market: Service Model Analysis

On the basis of service model, the car sharing segment is expected to grow at a steady growth rate over the forecast period. Reduction in car ownership level coupled with changing traveler preferences is some factors expected to expected to drive revenue growth of this segment over the forecast period.

Global Shared Mobility Market: Vehicle Analysis

On the basis of vehicle, the cars segment is expected to account significant revenue share in the global target market. Rising demand for ride sharing, ride hailing, car sharing, and other services is a major factor expected to drive revenue growth of this segment over the forecast period. Increasing demand for cost-efficient transportation solution in developing countries is another factor expected to support revenue growth of this segment.

Global Shared Mobility Market: Regional Insights

The Asia Pacific shared mobility market is expected to account major share in terms of revenue in the global market. Rapid urbanization in the countries such as India and China coupled with growing transportation infrastructure are major factors expected to drive revenue growth of target market. Moreover, rising prices of automobiles and increasing on-road traffic is another factor expected to support revenue growth of Asia Pacific shared mobility market over the forecast period.

Asia Pacific accounts for the major share in terms of revenue in the global shared mobility market, followed by markets in North America, Europe, Middle East & Africa, and Latin America. The shared mobility market in North America is expected to grow at a moderate rate over the forecast period. Growing demand for shared transportation in the countries such as US and Canada owing to rising number of corporate travelers is expected drive revenue growth of shared mobility market in North America. Furthermore, increasing demand for cost-effective transportation solutions is another factor expected to drive revenue growth of North America shared mobility market.

Global Shared Mobility Market Segmentation:

Segmentation by Service Model:

• Ride Hailing
• Ride Sharing
• Bike Sharing
• Car Sharing
• Others

Segmentation by Vehicle:

• Cars
• Two-wheelers
• Others

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa