San Francisco, 05 February, Shared
Mobility Market Size, Share & Trends Analysis Report By Vehicle (Cars,
Two-Wheelers), By Service Model (Ride Hailing, Bike Sharing, Ride Sharing, Car
Sharing), And Segment Forecasts, 2019 – 2025.
The global shared mobility market size is projected to
reach USD 619.51 billion by 2025, according to a new report by Grand View
Research, Inc., rising at a CAGR of 25.1% during the forecast period. Growing
use of smartphones and connected vehicles, along with an elevated problem of
traffic congestion in prominent cities worldwide, is anticipated to drive the
market. Increasing fuel costs are impelling individuals to shift towards
alternative transportation solutions, further escalating the growth of the
market during the forecast period.
Reluctance towards sharing
personal vehicle with strangers in ride sharing is one of the major factors
challenging market growth. Furthermore, high costs of developing internet
infrastructure in some low-income countries and substandard connectivity are inhibiting
the upward rise of the market.
Proliferation of internet-based
technologies, mass marketing of connected vehicles, and burgeoning popularity
of intelligent transportation systems (ITS) are prominent technological
breakthroughs that are estimated to positively influence the growth of the
market. Web-integrated services offer advanced features, such as V2V, V2X, and
V2I communication, for vehicles. Moreover, availability of real-time
information pertaining to parking and congestion is expected to further augment
the shared mobility market over the coming years.
Access Full Research
Report On Shared Mobility Market Analysis:
Further key findings from the report suggest:
·
Introduction of shared mobility
services availed through electric vehicles is one of the key growth
opportunities for industry players. Electric car sharing is a popular trend in
developed countries of Europe and is likely to shape the future of the regional
market over the coming years
·
The ride-hailing segment is
poised to account for the highest revenue share of more than 52.0% by 2025.
Growing penetration of internet across the globe and introduction of new
services by ride hailing companies are projected to supplement the growth of
the segment
·
Bike sharing is anticipated to
be the most promising service model segment, registering a CAGR of over 29.0%
from 2018 to 2025, owing to increasing number of bike-sharing programs,
especially in matured economies worldwide
·
Asia Pacific is estimated to
dominate the market throughout the forecast horizon owing to high adoption rate
of ride-hailing and car-sharing services in densely populated countries such as
China.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the
global shared mobility market on the basis of service model, vehicle, and
region:
Shared Mobility Service Model
Outlook (Revenue, USD Billion, 2014 - 2025)
·
Ride Hailing
·
Bike Sharing
·
Ride Sharing
·
Car Sharing
·
Others
Shared Mobility Vehicle Outlook
(Revenue, USD Billion, 2014 - 2025)
·
Cars
·
Two-wheelers
·
Others
Shared Mobility Regional
Outlook (Revenue, USD Billion, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
U.K.
o
Spain
o
France
o
Italy
·
Asia Pacific
o
China
o
India
o
Japan
o
Singapore
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
South Africa
o
U.A.E.
o
Saudi Arabia
Access Full
Press Release of this Report: www.grandviewresearch.com/press-release/global-shared-mobility-market
About Grand
View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
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