Global Shared Mobility Services Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Shared mobility has been reported to have a number of environmental, social, and transportation-related impacts

The Global Shared Mobility Services Market is estimated to be USD 144.7 Bn in 2023 and is expected to reach USD 245.26 Bn by 2028 growing at a CAGR of 11.13%.

The global shared mobility market has experienced significant growth and transformation in recent years, driven by shifting consumer preferences, technological advancements, and a growing emphasis on sustainable urban transportation solutions. This market's dynamics are influenced by various factors, including the increasing demand for efficient, eco-friendly mobility solutions in congested urban areas, the ascent of the sharing economy, and the intersection of transportation and digital technology.

Since 2010, more than $100 billion has been invested in shared-mobility companies. Urbanization and the associated challenges of traffic congestion and environmental pollution are primary drivers of the shared mobility market. With more people moving to cities, there is a heightened need for efficient and sustainable transportation alternatives. Shared mobility services, including ridesharing, carpooling, bike-sharing, and electric scooters, address these challenges by offering flexible and convenient mobility options that reduce the reliance on private vehicles, thus alleviating traffic congestion and reducing emissions.The rise of the sharing economy and the widespread use of smartphones have been instrumental in driving the market. Sharing economy platforms and mobile applications have made it increasingly convenient for individuals to access shared transportation services, revolutionizing the way people perceive and utilize transportation. The ease of booking rides or locating shared vehicles through mobile apps has played a pivotal role in expanding the adoption of shared mobility services, making them accessible to a broader audience.

When considering future mobility modes, respondents are open to robo-taxis, with more than half of them interested in trading in their car in the future, while 7 percent of consumers express they would even pay a premium compared with owning a car.

Despite its promising growth potential, the shared mobility market encounters certain barriers. Regulatory complexities and compliance requirements can vary significantly across regions, impacting the operation of these services. Concerns related to safety, data privacy, and insurance also pose challenges that shared mobility providers must address to establish trust among users. Furthermore, the success of the market is contingent on the availability of essential infrastructure elements, such as charging stations for electric vehicles and designated parking areas for shared vehicles.

• The shared mobility market can be segmented based on service models, vehicle types, autonomy levels, and power sources. Distinct regions exhibit varying degrees of market maturity and regulatory support, influencing the adoption of shared mobility services. In conclusion, the shared mobility market is poised for continued expansion as urbanization and sustainability concerns drive the demand for flexible, cost-effective, and environmentally friendly transportation alternatives. With ongoing technological advancements and evolving regulatory landscapes, shared mobility services are positioned to play a pivotal role in shaping the future of urban transportation, offering convenient and sustainable mobility solutions to individuals worldwide.

Market Segmentations

• The Global Shared Mobility Services Market (2023-2028) by Service Model, Vehicle Type, Autonomy Level, Power Source, and Geography.
• By Service Model, Within the Shared Mobility Services Market, the service model category encompasses a variety of mobility choices, including ridesharing, car rental, bike-sharing, carpooling, and on-demand shuttle services. Ridesharing platforms utilize mobile applications to connect passengers with drivers, offering a cost-effective and convenient mode of transportation. Car rental services provide temporary access to vehicles, while bike-sharing presents eco-conscious urban commuters with a sustainable alternative for shorter journeys. Carpooling facilitates ride-sharing among individuals with similar travel routes, contributing to reduced traffic congestion and emissions. On-demand shuttle services supply efficient and scheduled transportation solutions, addressing the multifaceted demands of consumers while tackling urban mobility challenges.
• By Power Source, In the Shared Mobility Services Market, the power source category encompasses the various energy choices that drive shared vehicles. These options include conventional internal combustion engines (ICEs), hybrid powertrains, and electric propulsion systems. Conventional ICEs rely on traditional fuels like gasoline or diesel, providing established and widely accessible power sources. Hybrid powertrains combine ICEs with electric motors, enhancing fuel efficiency and reducing emissions. Electric propulsion systems, including battery electric and plug-in hybrid vehicles, operate solely on electricity, delivering emission-free and environmentally conscious mobility solutions. These power source alternatives cater to diverse consumer preferences for efficiency, environmental impact, and sustainability within the shared mobility sector, underscoring its adaptability and versatility.

Recent Development

• A mobile app called Chalo, located in Bangalore, announced it was buying Vogo, a two-wheeler shared mobility firm. - March 2022
• The introduction of UberX share, which provides shared trips throughout New York, San Francisco, Chicago, and Los Angeles, was announced by Uber Technologies - June 2022

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Mobiag, BlaBlaCar, Uber Technolgies, Aptiv and Lyft.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyse and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Shared Mobility Services Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Shared Mobility Services Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Shared Mobility Services Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
• Excel data sheet for the market size will also be provided with the report.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
• The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
• The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights:

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
• Market segmentation
• Competitive Analysis: Comparative analysis of competitor
• Historical, current, and projected size of the market based on value and volume
• Market size of the US states
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market