The global shared mobility market size is projected to reach
USD 619.51 billion by 2025, according to a new report by Grand View Research,
Inc., rising at a CAGR of 25.1% during the forecast period. Growing use of
smartphones and connected vehicles, along with an elevated problem of traffic
congestion in prominent cities worldwide, is anticipated to drive the market.
Increasing fuel costs are impelling individuals to shift towards alternative
transportation solutions, further escalating the growth of the market during
the forecast period.
Reluctance towards sharing personal
vehicle with strangers in ride sharing is one of the major factors challenging
market growth. Furthermore, high costs of developing internet infrastructure in
some low-income countries and substandard connectivity are inhibiting the
upward rise of the market.
Proliferation of internet-based
technologies, mass marketing of connected vehicles, and burgeoning popularity
of intelligent transportation systems (ITS) are prominent technological
breakthroughs that are estimated to positively influence the growth of the
market. Web-integrated services offer advanced features, such as V2V, V2X, and
V2I communication, for vehicles. Moreover, availability of real-time
information pertaining to parking and congestion is expected to further augment
the shared mobility market over the coming years.
Browse full research report on Shared Mobility Market: https://www.grandviewresearch.com/industry-analysis/shared-mobility-market
Further key findings from the report suggest:
- Introduction
of shared mobility services availed through electric vehicles is one of
the key growth opportunities for industry players. Electric car sharing is
a popular trend in developed countries of Europe and is likely to shape
the future of the regional market over the coming years
- The
ride-hailing segment is poised to account for the highest revenue share of
more than 52.0% by 2025. Growing penetration of internet across the globe
and introduction of new services by ride hailing companies are projected
to supplement the growth of the segment
- Bike
sharing is anticipated to be the most promising service model segment,
registering a CAGR of over 29.0% from 2018 to 2025, owing to increasing
number of bike-sharing programs, especially in matured economies worldwide
- Asia
Pacific is estimated to dominate the market throughout the forecast
horizon owing to high adoption rate of ride-hailing and car-sharing
services in densely populated countries such as China.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/shared-mobility-market/request/rs1
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
- Others
Shared Mobility Vehicle Outlook (Revenue, USD Billion, 2014 -
2025)
- Cars
- Two-wheelers
- Others
Shared Mobility Regional Outlook (Revenue, USD Billion, 2014 -
2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Asia
Pacific
- China
- India
- Japan
- Singapore
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
- South
Africa
- U.A.E.
- Saudi
Arabia
About
Grand View Research
Grand View Research, Inc. is a 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. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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