The report pulls out every stop to present in-depth information about the growth drivers, major trends, and restraints in the market. The exhaustive study unravel the opportunities and pitfalls in the market. The report runs through multiple standpoints such as competitive landscape, product, application, and regional segment to understand which ones hold out solid promise.
Shared mobility services provide flexibility in cancelling and modifying vehicle booking instantly. Such services are less expensive. In this service the owner of the vehicle provides his/her vehicle to the consumers on the basis of rent. Shared mobility services also include sharing a ride, a two-wheeler, a car, and also sharing trucks and buses. Major players in the global shared mobility market are focusing on offering service to the consumers or passengers to ride a vehicle at low price. They are concentrating more on vehicle electrification and vehicle automation. Shared mobility service is gaining traction owing to the enormous demand for ride-sharing. Such service provides passenger safety along with reduced travel time.
Growing on-road vehicle traffic, rising fuel costs, decreasing parking spaces, and increasing global emission levels are factors driving the global shared mobility market. Shared mobility service offers a sense of vehicle owing to the consumers who cannot afford a vehicle. This service is effectively capable of reducing the number of vehicle owners. All such USPs are also fueling the global shared mobility market. Along with these, growing tourism, rising interests of family outings, and increasing disposable income are also propelling the global shared mobility market.
Furthermore, rising governments’ regulation regarding traffic congestion on roads, and growing initiatives on limiting the global temperature rise through vehicular emissions are boosting demand in the global shared mobility market. Apart from these, rising mobile ownership, increasing number of working people, and rapid emergence of faster internet connectivity along with growing availability of mobility sharing apps also fueling the global shared mobility market.
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With respect to geography, Asia Pacific is leading the global shared mobility market as the region has witnessed rapid establishment of automotive industry. Increasing ride-hailing and ride-sharing services, rapid industrialization, and growing demand for safe riding at low price are also responsible for boosting the global shared mobility market in the region. Other prominent regions in the global shared mobility market are Europe, and North America. Rising adoption of shared vehicles to reduce fuel emission is driving the shared mobility market in these regions.
Some of the prominent players operating in the global shared mobility market are BlaBlaCar, Cabify, Careem, ANI Technologies, Avis Budget Group, Gett, and Curb Mobility. The report unravels their market standing, product offerings, geographical outreach, and strategies for progress. It also furnishes information on their sales and revenues and their growth potential.