Shared Mobility Market Size, Growth Outlook, Trends and Forecast 2019-2026

The global shared mobility market size is expected to reah around US$ 608 Bn by 2026 and will growt at a CAGR of about 8% during the forecast period 2019 to 2026.

Shared mobility is a type of service in which a vehicle is shared based on the time and distance it is used in return for money. In shared mobility, a vehicle owner or the owner of a large fleet provides the vehicle on a rental basis to consumers and other companies. Shared mobility comprises sharing a car, a ride, a two-wheeler, and sharing trucks and buses.

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Key driver of the global shared mobility market is low per capita income of people in developing nations. Shared mobility services provide short-term ownership to consumers at a significantly lower price, and hence, consumers prefer shared vehicles instead of owning one. A vehicle, if not shared, is only utilized for up to 5% of its total life; it remains parked for 95% of its life. Considering this, several vehicle owners are readily sharing their vehicles. Increase in number of vehicle owners has led to increased traffic congestion and rise in global emission levels. Consequently, governing bodies are promoting alternative fuel powered vehicles and alternative modes of transportation that are capable of limiting the global temperature rise. Shared mobility services are effectively capable of reducing the number of vehicle owners and hence, governing bodies are implementing regulations in favor of shared mobility services. Consumers who do not own a vehicle are preferring a shared vehicle, as a shared vehicle provides vehicle ownership without having to invest in owning one, which is further compounded by the increased interest rates on vehicle loans. Increased tourism, rise in number of family outings, and raised per capita income are fueling the demand for shared mobility services. Increase in number of working class people is prominently fueling the demand for shared mobility services across the globe. Availability of faster internet connectivity, increased mobile ownership, availability of mobility sharing apps, and increased consumer awareness are fueling the global shared mobility market. 

The automotive industry is witnessing a trend of connected, electrified, and shared mobility, which is attributed to the increased consumer awareness about global warming due to vehicular emission, increased government emphasis over alternative modes of transportation, and OEMs’ shift toward advance mobility solutions. The cost of using shared mobility is much lower than that of owning a vehicle and hence, a large number of consumers and passengers are preferring shared mobility solutions instead of investing in owning a new vehicle. Less number of vehicles per 100 people, increase in number of daily commuters heading to workplaces and homes, increased burden on public transportation facilities due to rapid urbanization, and lack proper connectivity of public transportation systems are fueling the demand for shared mobility services. Adoption of smartphone-based internet services is rising among consumers primarily due to the increased usage of smartphones, ease of operating the app, faster internet connectivity, and presence of globally leading and local service providers coupled with lower charges of services compared to private services. Public transportation facilities across the globe are failing to cater to the need due to increasing urbanization and increasing population. Increase in number of working class people, rise in income opportunities, increase in per capita income coupled with increased tendency to travel for work and holidays are fueling the demand for shared mobility services across the globe.

The organized sector accounts for a large amount of revenue generated from the passenger transportation services. The share of organized sector varies according to the adoption of advanced technologies, adoption of smartphones, and availability of faster internet services coupled with awareness about internet-based service providing companies across the country. Countries from Europe and North America are well-developed and witness extensive adoption of advanced technologies and smartphones. Availability of faster internet connectivity and presence of globally leading service providers coupled with higher rate of adoption from consumers led the organized sector to hold a major share of the market in North America and Europe. However, in other regions, the unorganized segment accounts for major share of the market, in terms of revenue. Vehicles utilized in the unorganized sector are generally privately owned. These are considered as private services, as the unorganized services cannot be availed through internet or smartphone-based apps.

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Ride sourcing is an emerging trend across the globe, in which consumers can book a ride via a smartphone-based app. Ease of operating the app, increased penetration of smartphone users, and availability of reliable internet services are fueling the demand for ride sourcing services. Ride sourcing services are flexible, thus a large number of consumers traveling to workplaces, homes, to restaurants, and colleges prefer ride sourcing services. Thus, the demand for ride sourcing services is increasing owing to the rise in working class population. Lesser number of vehicles per 1000 people, lack of proper public transportation facility, crowded public transportation, and increase in fuel prices coupled with no necessity of driving are fueling the ride sourcing segment of the global shared mobility market. The ride sourcing segment of the market is anticipated to expand at a CAGR of about 23% during the forecast period.

Passenger cars are widely adopted for passenger transportation services. Maneuverability, requirement of smaller space, exemption from several taxes, higher fuel efficiency, and lower cost of passenger cars make them suitable for passenger transportation services. Demand for SUVs is rising among consumers, which is attributed to consumer preference for off-road journeys, larger space in the vehicle, and development of new types of SUVs. Large number of passenger cars utilized for passenger transportation services are owned by individuals who are willing to share their vehicles. Such services are considered as P2P services. Large share of passenger cars has led the P2P segment to hold a major of the global shared mobility segment. Legality of P2P services, increased per capita income of individuals coupled with willingness to share their vehicle, exemption from road taxes in several nations for passenger cars, and increasing demand for ride-sharing sourcing services rather than vehicle rental are fueling the passenger cars segment and subsequently, of P2P segment of the market.

Advanced driver assistance technologies have proven to be highly effective in reducing the number of accidents occurring due to driver errors. Consequently, regulatory bodies across several nations are mandating several ADAS technologies into vehicles. ADAS technologies, such as lane keep assists and adaptive cruise control drive the vehicle automatically; consequently, consumers are preferring such semi-autonomous vehicles. Consumer demand for increased in-vehicle safety, incorporation of ADAS technologies at manufacturers end, and regulations implemented from governing bodies are fueling the demand for semi-autonomous vehicles across the globe. Demand for electric vehicles, also considered as zero- or low-emission vehicles, is rising across the globe primarily due to the considerably lower operating cost as compared to that of conventional vehicles, heavy discounts and incentives offered by governing bodies, announcements to implement a ban over the use of fuel powered vehicles, and availability of electric vehicle manufacturers. The paradigm shift of governments toward building electric vehicle charging infrastructure is fueling the demand for electric vehicles. Therefore, electric vehicle segments, such as hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), and battery electric vehicle (BEV), are anticipated to expand at a significant growth rate during the forecast period. The rate of adoption of battery electric vehicles is increasing significantly among consumers, which is primarily due to the decline in prices of vehicles, increase in range of batteries, and heavy subsidies and incentives from governing bodies coupled with expanding charging infrastructure.

Demand for shared mobility services is rising considerably across countries that have lower number of vehicles per capita and lack proper public transportation facilities. China and India are countries with large population and have lower number of vehicles per 1000 people. Rapid urbanization in these nations is increasing the burden over public transportation facilities. Therefore, passengers are preferring alternative modes of transportation. India and China account for a large unorganized passenger transportation sector; however, the demand for organized services is increasing owing to the rising awareness among passengers, better internet connectivity, and increasing smartphone usage. Increased road traffic congestion, implementation of stringent emission norms from governing bodies in order to curb pollution level, and rise in working class population heading to workplaces and homes are fueling the demand for shared mobility services across the globe.

Key players

Key players operating in the global shared mobility market include Uber Technologies Inc., ANI Technologies Pvt. Ltd. (OLA), Lyft, Inc., Grab, Careem, Taxify OÜ, Gett, Beijing Xiaoju Technology Co, Ltd. (Didi Chuxing), BlaBlaCar, Wingz, Inc, Curb Mobility, Cabify, Europcar, The Hertz Corporation, Avis Budget Group, Inc., and Enterprise Holdings, Inc. The global shared mobility market is witnessing an increase in merger and acquisition as well as integration activities. Several auto manufacturers have entered the shared mobility market. Shared mobility is considered as a niche market despite the high level of competition. 

​The report analyzes and forecasts the Shared Mobility market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global Shared Mobility market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the Shared Mobility market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of Shared Mobility market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

The global shared mobility market has been segmented as follows:

• Global Shared Mobility Market, by Sector Type
  • Unorganized
  • Organized
• Global Shared Mobility Market, by Type
  • Ride-sharing
  • Vehicle Rental/Leasing
  • Ride Sourcing
  • Private
• Global Shared Mobility Market, by Vehicle Type
  • Passenger Cars
  • LCVs
  • Busses & Coaches
  • Micro mobility
• Global Shared Mobility Market, by Business Model
  • P2P
  • B2B
  • B2C
• Global Shared Mobility Market, by Autonomy Level
  • Manual
  • Semi-autonomous
  • Autonomous
• Global Shared Mobility Market, by Power Source
  • Fuel Powered
  • Hybrid Electric Vehicle (HEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Battery Electric Vehicle (BEV)
• Global Shared Mobility Market, by Region/ by Country/ Sub-region
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

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Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

To analyze and study the global Shared Mobility capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);

Focuses on the key Shared Mobility manufacturers, to study the capacity, production, value, market share and development plans in future.

Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

To define, describe and forecast the market by type, application and region.

To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends and factors driving or inhibiting the market growth.

To analyze the opportunities in the market for stakeholders by identifying the high growth segments.

To strategically analyze each submarket with respect to individual growth trend and their contribution to the market

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents

1 Report Overview

1.1 Study Scope

1.2 Key Market Segments

1.3 Players Covered

1.4 Market Analysis by Type

1.4.1 Global Shared Mobility Market Size Growth Rate by Type (2014-2026)

1.4.2 Ride-sharing

1.4.3 Vehicle Rental/Leasing

1.4.4 Others

1.5 Market by Application

1.5.1 Global Shared Mobility Market Share by Application (2014-2026)

1.5.2 Unorganized

1.5.3 Organized

1.6 Study Objectives

1.7 Years Considered

2 Global Growth Trends

2.1 Shared Mobility Market Size

2.2 Shared Mobility Growth Trends by Regions

2.2.1 Shared Mobility Market Size by Regions (2014-2026)

2.2.2 Shared Mobility Market Share by Regions (2014-2019)

2.3 Industry Trends

2.3.1 Market Top Trends

2.3.2 Market Drivers

2.3.3 Market Opportunities

3 Market Share by Key Players

3.1 Shared Mobility Market Size by Manufacturers

3.1.1 Global Shared Mobility Revenue by Manufacturers (2014-2019)

3.1.2 Global Shared Mobility Revenue Market Share by Manufacturers (2014-2019)

3.1.3 Global Shared Mobility Market Concentration Ratio (CR5 and HHI)

3.2 Shared Mobility Key Players Head office and Area Served

3.3 Key Players Shared Mobility Product/Solution/Service

3.4 Date of Enter into Shared Mobility Market

3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Type and Application

4.1 Global Shared Mobility Market Size by Type (2014-2019)

4.2 Global Shared Mobility Market Size by Application (2014-2019)

5 United States

5.1 United States Shared Mobility Market Size (2014-2019)

5.2 Shared Mobility Key Players in United States

5.3 United States Shared Mobility Market Size by Type

5.4 United States Shared Mobility Market Size by Application

6 Europe

6.1 Europe Shared Mobility Market Size (2014-2019)

6.2 Shared Mobility Key Players in Europe

6.3 Europe Shared Mobility Market Size by Type

6.4 Europe Shared Mobility Market Size by Application

7 China

7.1 China Shared Mobility Market Size (2014-2019)

7.2 Shared Mobility Key Players in China

7.3 China Shared Mobility Market Size by Type

7.4 China Shared Mobility Market Size by Application

8 Japan

8.1 Japan Shared Mobility Market Size (2014-2019)

8.2 Shared Mobility Key Players in Japan

8.3 Japan Shared Mobility Market Size by Type

8.4 Japan Shared Mobility Market Size by Application

9 Southeast Asia

9.1 Southeast Asia Shared Mobility Market Size (2014-2019)

9.2 Shared Mobility Key Players in Southeast Asia

9.3 Southeast Asia Shared Mobility Market Size by Type

9.4 Southeast Asia Shared Mobility Market Size by Application

10 India

10.1 India Shared Mobility Market Size (2014-2019)

10.2 Shared Mobility Key Players in India

10.3 India Shared Mobility Market Size by Type

10.4 India Shared Mobility Market Size by Application

11 Central & South America

11.1 Central & South America Shared Mobility Market Size (2014-2019)

11.2 Shared Mobility Key Players in Central & South America

11.3 Central & South America Shared Mobility Market Size by Type

11.4 Central & South America Shared Mobility Market Size by Application

12 International Players Profiles

12.1 Uber

12.1.1 Uber Company Details

12.1.2 Company Description and Business Overview

12.1.3 Shared Mobility Introduction

12.1.4 Uber Revenue in Shared Mobility Business (2014-2019)

12.1.5 Uber Recent Development

12.2 Lyft

12.2.1 Lyft Company Details

12.2.2 Company Description and Business Overview

12.2.3 Shared Mobility Introduction

12.2.4 Lyft Revenue in Shared Mobility Business (2014-2019)

12.2.5 Lyft Recent Development

12.3 Taxify

12.3.1 Taxify Company Details

12.3.2 Company Description and Business Overview

12.3.3 Shared Mobility Introduction

12.3.4 Taxify Revenue in Shared Mobility Business (2014-2019)

12.3.5 Taxify Recent Development

12.4 Grab

12.4.1 Grab Company Details

12.4.2 Company Description and Business Overview

12.4.3 Shared Mobility Introduction

12.4.4 Grab Revenue in Shared Mobility Business (2014-2019)

12.4.5 Grab Recent Development

12.5 Via Transportation

12.5.1 Via Transportation Company Details

12.5.2 Company Description and Business Overview

12.5.3 Shared Mobility Introduction

12.5.4 Via Transportation Revenue in Shared Mobility Business (2014-2019)

12.5.5 Via Transportation Recent Development

12.6 BlaBlaCar

12.6.1 BlaBlaCar Company Details

12.6.2 Company Description and Business Overview

12.6.3 Shared Mobility Introduction

12.6.4 BlaBlaCar Revenue in Shared Mobility Business (2014-2019)

12.6.5 BlaBlaCar Recent Development

12.7 ANI Technologies (Ola Cabs)

12.7.1 ANI Technologies (Ola Cabs) Company Details

12.7.2 Company Description and Business Overview

12.7.3 Shared Mobility Introduction

12.7.4 ANI Technologies (Ola Cabs) Revenue in Shared Mobility Business (2014-2019)

12.7.5 ANI Technologies (Ola Cabs) Recent Development

12.8 Careem

12.8.1 Careem Company Details

12.8.2 Company Description and Business Overview

12.8.3 Shared Mobility Introduction

12.8.4 Careem Revenue in Shared Mobility Business (2014-2019)

12.8.5 Careem Recent Development

12.9 Gett

12.9.1 Gett Company Details

12.9.2 Company Description and Business Overview

12.9.3 Shared Mobility Introduction

12.9.4 Gett Revenue in Shared Mobility Business (2014-2019)

12.9.5 Gett Recent Development

12.10 Didi Chuxing

12.10.1 Didi Chuxing Company Details

12.10.2 Company Description and Business Overview

12.10.3 Shared Mobility Introduction

12.10.4 Didi Chuxing Revenue in Shared Mobility Business (2014-2019)

12.10.5 Didi Chuxing Recent Development

12.11 Wingz

12.12 Easy Taxi

12.13 The Hertz Corporation

12.14 Cabify

12.15 Turo

12.16 Yandex

12.17 Car2go

12.18 DriveNow

12.19 Cambio CarSharing

12.20 Maven

12.21 Mobility Carsharing

12.22 Europcar

12.23 Sixt SE

12.24 Avis Budget Group

12.25 Enterprise Holdings

12.26 Haxi

12.27 Dida Chuxing

13 Market Forecast 2019-2026

13.1 Market Size Forecast by Regions

13.2 United States

13.3 Europe

13.4 China

13.5 Japan

13.6 Southeast Asia

13.7 India

13.8 Central & South America

13.9 Market Size Forecast by Product (2019-2026)

13.10 Market Size Forecast by Application (2019-2026)

14 Analyst's Viewpoints/Conclusions

15 Appendix

15.1 Research Methodology

15.1.1 Methodology/Research Approach

15.1.1.1 Research Programs/Design

15.1.1.2 Market Size Estimation

12.1.1.3 Market Breakdown and Data Triangulation

15.1.2 Data Source

15.1.2.1 Secondary Sources

15.1.2.2 Primary Sources

15.2 Disclaimer

15.3 Author Details

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