The Worldwide Shared Mobility Industry is Expected to Reach $454.4 Billion by 2028

Logo PR Newswire
PR Newswire

DUBLIN, Nov. 25, 2022 /PRNewswire/ -- The "Global Shared Mobility Market Size, Share & Industry Trends Analysis Report By Service Model (Ride Hailing, Ride Sharing, Car Sharing, Bike Sharing), By Vehicle (Cars, Two-wheelers), By Regional Outlook and Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.

Research_and_Markets_Logo

The Global Shared Mobility Market size is expected to reach $454.4 billion by 2028, rising at a market growth of 15.4% CAGR during the forecast period.

New technologies & business models have helped to improve transportation systems & services in the direction of a more sustainable mobility approach. Shared mobility has gained popularity as a possible answer to the rising number of vehicles.

Several communities throughout the world have adopted shared mobility services, demonstrating that they may provide various operational and environmental benefits. Although, in rural and suburban areas with less population density and diffused travel demand, their deployment does not receive the same level of attention.

Peer-to-peer vehicle sharing, shared ride-sharing, common electric scooters, and other new modes & services have arisen. The possibilities for integration, customized travel on demand, automated operations, and environmental friendliness have all contributed to the growth of the shared mobility market.

One of the primary aspects propelling the demand for shared mobility is the increasing adoption of linked cars and smartphones. The expense of road vehicles and fuel, combined with a decrease in parking, is expected to promote market growth in the near future, particularly in industrialized nations around the world.

Furthermore, compared to other forms of transportation, shared mobility solutions are cheaper and avoid limited parking issues. Several governments throughout the world are developing programmers to encourage the adoption of these solutions in order to minimize traffic congestion.

This has a substantial impact on commuters' lifestyles and the marketplace as a whole, like enhanced accessibility, better transportation, less driving, and lower personal car ownership. Shared mobility plans usually provide social, environmental, and transportation system advantages. Commuters use public transportation, which includes shared public transportation, micro mobility, commute-based modes, automobile-based mode, and ridesharing.

COVID-19 Impact Analysis

Owing to modifications in people's mobility patterns around the world, COVID-19 has had a detrimental influence on increasing the market for shared mobility. During the pandemic, people's mobility reduced dramatically, reducing the number of visits to workplaces that was among the market's major factors and drivers.

The pandemic has also caused a transformation in commute priorities. Prior to COVID, commuters' primary concerns were the cost of service, comfort, and other factors such as travel time and mode of transportation. Commuters now seek out forms of transportation that are safe, sanitary, and have a low risk of illness.

As a result, prioritizing health is likely to reduce the usage of sharing and public transportation. Additionally, during the global pandemic, car-sharing services had either been decreased or halted because of a lack of demand in the market.

Market Growth Factors

Rising government support and investments

Every country's government is concerned about population growth, which has negative environmental consequences. Governments encourage citizens to limit their use of automobiles as much as possible. Additionally, sharing rides amongst friends and families are among the government's important concepts for encouraging individuals to choose shared rides above personal rides, which is motivating key companies to launch various news products. Along with that, there are many governments across the world, which are taking steps to establish a network of shared mobility to motivate people for the usage of shared mobility.

Growing environmental issues across the world

Population increase in key cities around the country has resulted in a rise in daily commuters, causing substantial traffic congestion, particularly during rush hour. In order to fight this problem, some companies are attempting to develop alternate transportation solutions. This environment is a primary factor for the market for shared mobility. Various programs make a significant contribution to alleviating traffic congestion, which is expected to open lucrative opportunities for the market players. Since, the level pollutant in the atmosphere is constantly increasing, organizations across the world are taking initiatives to aware people about the effects of pollution on the environment.

Market Restraining Factors

Lack of charging infrastructure for micro-mobility solutions

Many cities lack the requisite infrastructure for the vehicles that fall under micro-mobility concepts, and hence lack the charging infrastructure to charge these vehicles, which is one of the most significant impediments to the demand for shared mobility. Bike lanes are the only realistic solution since riding an e-scooter in fast lanes (truck, car, and bus dominated) or on sidewalks (pedestrian dominated) poses a significant risk to all traffic participants. Because governments are not concentrated on this new and rising concept, dedicated lanes of micro-mobility solutions are lacking in many countries. Furthermore, developing charging infrastructure for micro-mobility solutions necessitates a significant investment as well as the implementation of relevant legislation.

Key Topics Covered:

Chapter 1. Market Scope & Methodology

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Strategies deployed in Passive And Interconnecting Electronic Components Market

Chapter 4. Global Shared Mobility Market by Service Model
4.1 Global Ride Hailing Market by Region
4.2 Global Ride Sharing Market by Region
4.3 Global Car Sharing Market by Region
4.4 Global Bike Sharing Market by Region
4.5 Global Others Market by Region

Chapter 5. Global Shared Mobility Market by Vehicle
5.1 Global Cars Market by Region
5.2 Global Two-wheelers Market by Region
5.3 Global Others Market by Region

Chapter 6. Global Shared Mobility Market by Region

Chapter 7. Company Profiles
7.1 Lyft, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Research & Development Expenses
7.1.4 Recent strategies and developments
7.1.4.1 Partnerships, Collaborations, and Agreements
7.1.4.2 Acquisition and Mergers
7.2 Grab Holdings Inc
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments
7.2.5.1 Partnerships, Collaborations, and Agreements
7.3 Avis Budget Group, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Recent strategies and developments
7.3.4.1 Partnerships, Collaborations, and Agreements
7.3.4.2 Acquisition and Mergers
7.4 DiDi Global Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments
7.4.5.1 Partnerships, Collaborations, and Agreements
7.5 Deutsche Bahn Connect GmbH (Deutsche Bahn AG)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.6 Uber Technologies, Inc.
7.6.1 Company Overview
7.6.2 Recent strategies and developments
7.6.2.1 Partnerships, Collaborations, and Agreements
7.6.2.2 Acquisition and Mergers
7.7 GT Gettaxi (UK) Limited
7.7.1 Company Overview
7.7.2 Recent strategies and developments
7.7.2.1 Partnerships, Collaborations, and Agreements
7.8 Ola Cabs (ANI Technologies Pvt. Ltd.)
7.8.1 Company Overview
7.9 SHARE NOW GmbH
7.9.1 Company Overview
7.10. Global Car Sharing and Rental Co., Ltd
7.10.1 Company Overview

For more information about this report visit https://www.researchandmarkets.com/r/9fyuqm


Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

Cision View original content:https://www.prnewswire.com/news-releases/the-worldwide-shared-mobility-industry-is-expected-to-reach-454-4-billion-by-2028--301687153.html

SOURCE Research and Markets

Logo EIN Presswire
TechnologyPress Release2022-11-24 13:37:46
Edge Computing Market Share By IT Infrastructure, 2019 – 2026 (%) LONDON, UK, November 24, 2022 / EINPresswire.com / -- The global edge computing market size...

Logo PR Newswire
DUBLIN, Nov. 24, 2022 /PRNewswire/ -- The "5G Fixed Wireless Access Global Market Report 2022, By Offering, Demography, End-User" report has been added to...

Logo PR Newswire
DUBLIN, Nov. 24, 2022 /PRNewswire/ -- The "South America Smart Commute Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type, Solution,...

Logo EIN Presswire
TechnologyPress Release2022-11-24 13:18:17
Global IoT Market Share By Product type, 2019 – 2026 (%) LONDON, UK, November 24, 2022 / EINPresswire.com / -- The global Internet of Things (IoT) market...

Logo PR Newswire
TechnologyPress Release2022-11-24 13:40:00
NEW YORK, Nov. 24, 2022 /PRNewswire/ -- The Global Connected Toys Market size is expected to reach $23.4 billion by 2028, rising at a market growth of 19.7%...

Logo PR Newswire
DUBLIN, Nov. 24, 2022 /PRNewswire/ -- The "Freight Brokerage Market By End Use Industry, By Customer Type, By Services, By Mode of Transport: Global...

Logo EIN Presswire
TechnologyPress Release2022-11-25 07:33:23
The Insight Partners| The Public Safety LTE Market was valued at US$ 7.00 billion in 2021; registering at a CAGR of 21.5% from 2022 to 2028, Says The Insight...

Logo EIN Presswire
TechnologyPress Release2022-11-24 13:45:00
Market Research Reports, Business Consulting Services & Analytics Content Delivery Network in Media & Services segment is growing at a CAGR of 14.2%...

Logo PR Newswire
TechnologyPress Release2022-11-25 11:45:00
DUBLIN, Nov. 25, 2022 /PRNewswire/ -- The "Global Product Engineering Services Market Size, Share & Industry Trends Analysis Report By Service Type...

Logo PR Newswire
TechnologyPress Release2022-11-24 14:10:00
NEW YORK, Nov. 24, 2022 /PRNewswire/ -- The smart cities market is projected to grow from USD 511.6 billion in 2022 to USD 1024.4 billion by 2027, at a CAGR...

Logo PR Newswire
TechnologyPress Release2022-11-24 21:30:00
DUBLIN, Nov. 24, 2022 /PRNewswire/ -- The "Cloud Managed Services Market by Service Type (Managed Business, Managed Network, Managed Security, Managed...

Logo PR Newswire
DUBLIN, Nov. 23, 2022 /PRNewswire/ -- The "Vehicle-to-Vehicle (V2V) Communication Global Market Report 2022, Vehicle Type, Connectivity, Deployment Type,...

Logo EIN Presswire
TechnologyPress Release2022-11-24 13:45:00
Market Research Reports, Business Consulting Services & Analytics Humanoid robot segment held the largest share in the educational robot market....

Logo PR Newswire
DUBLIN, Nov. 25, 2022 /PRNewswire/ -- The "Global Digital Railway Market Size, Share & Industry Trends Analysis Report By Offering, By Application (Rail...

Logo PR Newswire
TechnologyPress Release2022-11-24 19:45:00
DUBLIN, Nov. 24, 2022 /PRNewswire/ -- The "FPGA Market by Configuration (Low-End FPGA, Mid-Range FPGA, High-End FPGA), Technology (SRAM, Flash, Antifuse),...

Logo EIN Presswire
AutoPress Release2022-11-25 09:38:18
Market.biz Automotive Aftermarket Telematics Market Size, Emerging Technologies, Competitive Landscape, And Forecast To 2023-2032. NEW YORK, NY, UNITED...

Logo EIN Presswire
Reports And Data Increasing demand for wearable materials in medical industry owing to the rise in demand for consumers & growth in population &...

Logo PR Newswire
TechnologyPress Release2022-11-24 16:11:00
NEW YORK, Nov. 24, 2022 /PRNewswire/ -- The Enterprise Routers Market is forecasted to grow by 4%-8% during the forecast period, with suppliers having...

Logo PR Newswire
TechnologyPress Release2022-11-24 14:30:00
CHICAGO, Nov. 24, 2022 /PRNewswire/ -- The global Network Probe Market size is expected to grow from USD 549 million in 2022 to USD 908 million by 2027, at a...