Shared Mobility Market size, share, research, report, growth, opportunities and forecast 2027
The potential spread of e-hailing, automobile sharing, urban air mobility, and other mobility alternatives is altering our travel habits. Drivers today have a variety of economical and accessible alternatives to vehicle ownership, and this number is expected to increase over the next decade. In the three main markets of China, Europe, and the United States, the shared mobility market is currently valued more than $60 billion. As self-driving taxis and shuttles become more frequent, and the city's airborne transportation passes through the trial phase, the benefits will grow in the future. By 2030, the yearly growth rate of shared transportation solutions is predicted to approach 20%.
Shared Mobility Market Report Scope and Research Methodology:
The research provides an in-depth evaluation of the market as well as key stakeholders in the Shared Mobility industry. The Shared Mobility Market study includes information on market volume, income, production, and sales. It illustrates the market's history and current position, as well as predicted trends and market size, in vivid detail. The report used numerous research methodologies, such as interviews and surveys, to fully understand client habits.
The SMR report is the outcome of multiple research approaches, including PORTER, PESTLE, and SWOT analysis, as well as a bottom-up approach to estimating Shared Mobility market size. In the study, these methodologies were used to shed light on the essential financial components that major firms must consider when recognising competitors and formulating market strategies.
Shared Mobility Market Overview:
Stellar Market Research just released the research Shared Mobility Market Manufacturers, Regions, Types, Applications, Segments, and Forecast to 2029. The study investigates insights within the framework of the Shared Mobility market, such as its ever-changing trends, industrial environment, and other major market components.
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Shared Mobility Market size was valued at US$ 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.
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.
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 Insights:
The market study examines market size, dynamics, and market share in the following regions: North America, Europe, Asia Pacific, South America, the Middle East, and Africa.
Key Questions answered in the Shared Mobility Market Report are:
- What is the expected Shared Mobility market size by the end of the forecast period?
- What are the Shared Mobility market segments?
- Which segment in the Shared Mobility market is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Shared Mobility market?
- What key trends are expected to emerge in the Shared Mobility market during the forecast period?
- Which region dominated the Shared Mobility Market?
- Which regional market is expected to grow at a high rate during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients 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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