DUBLIN--(BUSINESS WIRE)--The "Shared Mobility Market By Service Model, By Vehicle Type, By Vehicle Propulsion, By Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.

According to the report the shared mobility market was valued at $435.20 billion in 2021, and is estimated to reach $1,266.80 billion by 2031, growing at a CAGR of 11.5% from 2022 to 2031.

Shared mobility is referred to a service for short to medium distance commuting for a price or free. It is available at on-street docked or dock-less stations. Most large-scale urban shared mobility programs have numerous check-out stations, and operate much like public transit systems, catering to tourists and visitors as well as local residents.

These services are an innovative solution to the urban mobility challenges and are an effective way of promoting urban cycling and contributing to a more sustainable and environment-friendly mobility.

Electric vehicle are gaining traction at moment as compared to traditional internal combustion engine based vehicle. Shared mobility service providers are also adopting electric vehicles in their fleet as electric vehicle provide several benefits such as lower running costs, low maintenance cost, zero tailpipe emissions and reduction in greenhouse gases.

For instance, in October 2021, Hertz Corporation ordered over 100,000 Tesla vehicles to include more electric vehicles in their car rental fleet. The company's commitment to becoming an essential component of the modern mobility ecosystem includes Hertz leading in electrification, shared mobility, and a digital-first customer experience.

The growth of the global shared mobility market is propelling, due to rise in venture capital and strategic investments, government initiatives for smart cities, and increase in inclusion of e-bikes in the sharing fleet.

However, low rate of internet penetration in developing regions is the factor hampering the growth of the market.

Furthermore, increase in government initiatives for the development of bike sharing infrastructure is the factor expected to offer growth opportunities during the forecast period.

Key Benefits

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the shared mobility market analysis from 2021 to 2031 to identify the prevailing shared mobility market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the shared mobility market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global shared mobility market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Service Model

  • Bike Sharing
  • Car Sharing
  • Ride-hailing
  • Public Transit
  • Microtransit

By Vehicle Type

  • Two-wheelers
  • Passenger Cars
  • Buses and Rails
  • Others

By Vehicle Propulsion

  • IC Engines
  • Electric and Hybrid Vehicles
  • Others

By Sales Channel

  • Offline
  • Online

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Autocrypt Co., Ltd.
  • BlaBlaCar
  • Blu-Smart Mobility Pvt. Ltd.
  • Bolt Technology OU
  • Cabify Espaa S.L.U.
  • EasyMile SAS
  • Free2move
  • Getaround, Inc.
  • Lyft, Inc.
  • Meru Mobility Tech Pvt. Ltd.
  • ANI Technologies Private Limited (Ola)
  • Uber Technologies Inc.
  • Zoomcar India Private Limited
  • Didi Chuxing Technology Co.
  • Yandex LLC

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

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press 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