Shared Mobility Market to Reach US$ 397.61 Bn by 2031; Sustainable Urban Transport Pivots Growth

TMR Study - Seite 2

Rising Demand for E-Hailing and Car-Pooling Services in Urban Consumers Underpins Abundant Avenues: Rise in demand e-hailing services has generated vast lucrative avenues for players in the shared mobility market. The use of car-pooling services in corporate customers has been growing, adding promising opportunities. Furthermore, the popularity of affordable micro-mobility, notably among customers in developing countries such as in Asia Pacific, will open up new revenue streams.

Need for Affordable Autonomous Mobility to Unlock Incredible Opportunities in Shared Mobility Market: Push toward commercializing autonomous mobility has created a new frontier for firms in the shared mobility market. They are keen on capturing value by offering affordable autonomous vehicles, particularly robo-taxis. In the next few years, rolling out of autonomous vehicle services at scale for cities is likely to considerably enrich the entire value chain in the shared mobility market.

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Shared Mobility Market: Key Drivers

• Need to make urban transport more convenient, affordable, environmental-friendly in the face of rapid pace of urbanization is a key pivot for the evolution of the shared mobility market. Witnessing enormous value proposition in the shared mobility, the investments in the forms of venture capital and private equity in shared mobility companies is growing, which thus will drive the market.
  
  
• Rising demand for e-hailing, carsharing, and shared micro-mobility services among consumers for commuting is a key driver of the shared mobility market. Advancement in e-hailing apps will extend the horizon for various industry players during the forecast period.

Shared Mobility Market: Key Players

Players in the shared mobility market need to constantly realign their business models in order to stay the course. Key players are geared toward expanding their product portfolio to retain their market shares. Of note, to meet this end, many have engaged in mergers & acquisitions and are forging partnerships with private players. 

Some of the key players in the market are The Hertz Corporation, Beijing Xiaoju Technology Co, Ltd., Careem, Curb Mobility, Avis Budget Group, Inc., Taxify OÜ, Grab SG, Lyft, Inc., Wingz, Inc., ANI Technologies Pvt. Ltd. (OLA), BlaBlaCar, and Uber Technologies Inc.