Shared Mobility Market Worth $619.51 Billion By 2025 Owing To Growing Use Of Smartphones And Connected Vehicles | Grand View Research, Inc.

April 06 06:09 2021
Shared Mobility Market Worth $619.51 Billion By 2025 Owing To Growing Use Of Smartphones And Connected Vehicles | Grand View Research, Inc.

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Shared Mobility Market Report: COVID-19 Impact and Recovery to 2025 provides the strategists, marketers and senior management with the critical information they need to assess the global Shared Mobility Market as it emerges from the COVID-19 shut down

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

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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.
        • Canada
        • Germany
        • U.K.
        • Spain
        • France
        • Italy
    • Asia Pacific
        • China
        • India
        • Singapore
        • Japan
    Latin America
        • Brazil
        • Mexico
    • Middle East & Africa
        • South Africa
        • UAE
        • Saudi Arabia

List of Key Players of Shared Mobility Market

    • DiDi Chuxing

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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.

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