The global shared mobility market size was valued at USD 104.95 billion in 2017 and is projected to register a CAGR of over 25% from 2018 to 2025. The rising penetration of smartphones and connected vehicles is escalating the overall market growth. Furthermore, the surging volume of on-road vehicle traffic and reduced parking spaces, particularly in the developed countries will stimulate the growth of the market over the forecast period.
The exponential rise in vehicle ownership and its associated costs are encouraging people to adopt solutions offering a variety of transportation modes. Moreover, the development of advanced digital platforms for monitoring traffic has driven the market growth and these solutions allow users to modify, book, and cancel cab or taxi bookings instantly.
Shared Mobility Market Report Highlights
• The ride-hailing segment dominated the shared mobility market in 2017, on account of the high internet penetration in both sparsely and densely populated countries across the globe
• The bike sharing segment is set to register the highest CAGR by 2025 due to its affordability and its high availability as compared to other models
• The cars segment holds a prominent share in the market due to the rising demand for ride-sharing, ride-hailing, and car-sharing services
Get Sample Copy Of This Report @ https://www.grandviewresearch.com/industry-analysis/shared-mobility-market/request/rs1
Shared Mobility Market Segmentation
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
Shared Mobility Vehicle Outlook (Revenue, USD Billion, 2014 – 2025)
Shared Mobility Regional Outlook (Revenue, USD Billion, 2014 – 2025)
• North America
• The U.S.
• Asia Pacific
• Latin America
• Middle East & Africa
• South Africa
• Saudi Arabia
List of Key Players of Shared Mobility Market
• DiDi Chuxing
Speak to Analyst @ https://www.grandviewresearch.com/inquiry/5674/ibb
Browse More Related Report:
Ride Sharing Market Size, Share & Trends Analysis Report By Business Model (P2P, B2B, B2C), By Commute Type (Corporate, Short Distance), By Application, By Region, And Segment Forecasts, 2019 – 2025
Car Rental Market Size, Share & Trends Analysis Report By Vehicle Type (Economy, Executive, Luxury), By Application (Local Usage, Airport Transport, Outstation), By Region, And Segment Forecasts, 2019 – 2025
About Grand View Research
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
Country: United States