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Shared Mobility Market Size, Share Global Analysis Report, 2020-2026

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Shared Mobility Market by Service (Ride Hailing, Bike Sharing, Ride Sharing, Car Sharing, and Others), By Vehicle (Cars, Two-Wheelers, and Others), and By Business Model (P2P, B2B, and B2C) - Global Industry Perspective, Comprehensive Analysis and Forecast 2020-2026

Industry Insights

[175+ Pages Report] According to the report published by Facts Factors, the global shared mobility market size was worth around USD 99.08 billion in 2019 and is predicted to grow to around USD 238.03 billion by 2026 with a compound annual growth rate (CAGR) of roughly 15.42% between 2020 and 2026. The report analyzes the global shared mobility market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the shared mobility market.

Shared Mobility Market Size

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This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the shared mobility industry. The report analyzes and declares the historical and current trends analysis of the shared mobility industry and subsequently recommends the projected trends anticipated to be observed in the Shared Mobility market during the upcoming years.

The shared mobility market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Shared Mobility market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.


logoKey Insights from Primary Research

  • As per our primary analysis, the global shared mobility market is expected to reach around USD 238.03 billion 2026
  • Introduction of shared mobility services through electric vehicles is one of the key growth opportunities for market participant operative in global shared mobility market
  • Ride hailing service segment is continue to maintain its dominance throughout analysis period and expected to acquire 15.42% of share in 2026 as well.
  • According to our respondent, North America held the largest region for the global Shared Mobility market and it accounted for the highest market share of total revenue generated in 2019. The major factors driving the market are the presence of prominent market players like IBM, Accuity, Broadridge, Deloitte, Thomson Reuters, and Trulioo etc. in this region. The U.S. is the leading market in the North American region and holds the significant market share in the global market. Increasing adoption of the Shared Mobility solutions in the North American region to reduce compliance cost by the financial industries using advanced technology such as blockchain, Artificial Intelligence (AI), big data, Machine Learning (ML), and cloud computing is helping in the growth of global Shared Mobility market.

logoKey Recommendations from Analysts

  • As per our analysts, Shared Mobility market revenue was around USD 99.08 billion in 2019.
  • North America and Europe are other majority shareholders in the shared mobility market after Asia Pacific. The regions have accounted significant automobile manufacturers contribution towards shared transportation services. For instance, in July 17, 2018, BMW has launched “ReachNow arm” that offers car sharing and ride hailing services across USA. Furthermore, the adoption of advanced technologies in the cars and other vehicles is expected to prominently accelerate the North America market. For example, Zipcar has used Zipcard technology for automatically unlocking the door and accessing the vehicle.
  • Asia Pacific held the largest market share in terms of revenue for the year 2019. The growth is mainly driven by the large number of population along with significant presence of developing nations in the region. China, and India accounts high growth potential for the shared mobility services owing to the developing transportation infrastructure and growing number vehicle ownerships.
  • Uber Technologies Inc., Cabify, ANI Technologies Pvt. Ltd, The Hertz Corporation and Avis Budget Group Inc., are the amongst the key players to watch in global shared mobility marketplace.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Shared Mobility industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Shared Mobility industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the shared mobility market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Shared Mobility industry. The Shared Mobility market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the shared mobility sector. Key strategic developments in the Shared Mobility market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Shared Mobility market are appropriately highlighted in the report.

By geography, the global shared mobility market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held majority of the revenue share in the global Shared Mobility market for the year 2019 coupled with the highest growth rate in the forecast period.

Growing adoption of electric vehicles in shared transportation coupled with limited parking space are the primary factors driving the shared mobility market. Furthermore, the government initiatives regarding increased greenhouse gas emission is expected to drive the shared mobility market in the analyzed period. For instance, in December 2017, Singapore government has launched electric car sharing project to encourage citizens to use shared mobility service and prevent the growth in car population. Additionally, in September 2016, European government has initiated to provide incentives to the promoters and users for the adoption of the low emission shared mobility services. However, reluctance in sharing the ride with stranger is hindering the market growth.

The Shared Mobility market research report delivers an acute valuation and taxonomy of the Shared Mobility industry by practically splitting the market on the basis of different segments and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

logoReport Scope

Report Attribute

Details

Market Size in 2019

USD 99.08 Billion

Projected Market Size in 2026

USD 238.03 Billion

CAGR Growth Rate

15.42% CAGR

Base Year

2019

Forecast Years

2020-2026

Key Market Players

Uber Technologies Inc., Cabify, ANI Technologies Pvt. Ltd. (OLA), Gett, Lyft Inc., Europcar, Grab, Careem, Taxify OÜ, BlaBlaCar, Wingz Inc, Curb Mobility, Beijing Xiaoju Technology Co Ltd. (Didi Chuxing), The Hertz Corporation, Avis Budget Group Inc., and Enterprise Holdings Inc., and Others

Key Segment

By Service , Vehicle, Business, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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The regional segmentation of the Shared Mobility industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Shared Mobility industry is provided for the leading economies of the world.

The shared mobility market is segmented on the basis of service, vehicle, and business model. The service segment of the shared mobility market is bifurcated into ride hailing, bike sharing, ride sharing, car sharing, and others. Based on business model, the shared mobility market is divided into P2P, B2B, and B2C. Car, Two-Wheeler and Others are the vehicle segment studied in the report.

logoSome of the prominent market players in the shared mobility market include

  • Uber Technologies Inc.
  • Cabify
  • ANI Technologies Pvt. Ltd. (OLA)
  • Gett Lyft Inc.
  • Europcar
  • Grab
  • Careem
  • Taxify OÜ
  • BlaBlaCar
  • Wingz Inc
  • Curb Mobility
  • Beijing Xiaoju Technology Co Ltd. (Didi Chuxing)
  • The Hertz Corporation
  • Avis Budget Group Inc

The report segments of the global shared mobility market as follows:

logoBy Service Segment Analysis

  • Ride Hailing
  • Bike Sharing
  • Ride Sharing
  • Car Sharing
  • Others

logoBy Vehicle Segment Analysis

  • Car
  • Two-Wheeler
  • Others

logoBy Business Model Segment Analysis

  • P2P
  • B2B
  • B2C

logoBy Regional Segment Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Industry Major Market Players

  • Uber Technologies Inc.
  • Cabify
  • ANI Technologies Pvt. Ltd. (OLA)
  • Gett Lyft Inc.
  • Europcar
  • Grab
  • Careem
  • Taxify OÜ
  • BlaBlaCar
  • Wingz Inc
  • Curb Mobility
  • Beijing Xiaoju Technology Co Ltd. (Didi Chuxing)
  • The Hertz Corporation
  • Avis Budget Group Inc

Frequently Asked Questions

Some of the high impact rendering drivers for the shared mobility market is increasing traffic congestion and low per capita income in the developing countries
The global shared mobility market in 2019 was approximately USD 99.08 billion. The market is expected to grow at a CAGR of 15.42% and is anticipated to reach around USD 238.03 billion by 2026.
North America will contribute notably towards the global Shared Mobility Market value
Some of the leading players in the global market include are Uber Technologies Inc., Cabify, ANI Technologies Pvt. Ltd. (OLA), Gett, Lyft Inc., Europcar, Grab, Careem, Taxify OÜ, BlaBlaCar, Wingz Inc, Curb Mobility, Beijing Xiaoju Technology Co Ltd. (Didi Chuxing), The Hertz Corporation, Avis Budget Group Inc., and Enterprise Holdings Inc. among others.