How is the Shared Mobility market anticipated to look like in 2021-2027?

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The high growth of the automotive industry and the growth of an integrated environment in the transport industry as well as increased governments initiatives to encourage the growth of such solutions to decrease traffic congestion on roads will provide numerous growth possibilities for the market.

Based on the type, the shared mobility market has been segmented into ride-sharing, vehicle rental/leasing, ride sourcing, and private. The rental/leasing segment accounted for the largest revenue share and is expected to grow at a constant rate during the forecast period. The growth in the segment is attributed to the low payment cost of the vehicles as well as maintenance benefits to the consumer. However, the ridesharing segment in the shared mobility market is growing at the highest CAGR during the forecast period due to the cost-effective and elegant modes of transportation over personal driving preferences.

The Global Shared Mobility Industry Segmentation:

By Type Industry Outlook:

• Ride-sharing
• Vehicle Rental/Leasing
• Ride Sourcing
• Private

By Vehicle Type Industry Outlook:

• Passengers Cars
• LCVs
• Buses & Coaches
• Micro Mobility

By Business Model Industry Outlook:

• Peer to Peer (P2P)
• Business to Business (B2B)
• Business to Consumer (B2C)

Shared Mobility Market Key Findings:

• Based on the type, the vehicle rental/leasing segment in the shared mobility market accounted for the largest revenue share in 2020 and is expected to grow at a constant rate during the forecast period.
• Based on the vehicle type, the passenger cars in the shared mobility market are accounted to capture the largest market share in 2020 and is expected to grow at the fast-paced during the forecast period.
• Based on the business model, the Peer-to-Peer (P2P) in the shared mobility market is the leading segment and is expected to remain constant during the forecast period.
• Based on region, Asia Pacific dominate the shared mobility market during the forecast period.

Shared Mobility Market Recent News:

• BlaBlaCar, the world’s leading long-distance carpooling platform that has recently expanded its offer to encompass buses, introduced that it has proposed to acquire Busfor, Russia, and Ukraine’s leading online bus ticketing platform. The acquisition will enlarge BlaBlaCar’s online inventory of third-party bus operators in a region in which BlaBlaCar counts over 25 million members.
• Enterprise Holdings Inc., partnered with Microsoft to bring connected car technology for rental, commercial & fleet vehicles.