How is the Shared Mobility market anticipated

How is the Shared Mobility market anticipated to
look like in 2021-2027?

The increasing cost of vehicle ownership is
expected to drive the global shared mobility market growth during the forecast
period

The Global Shared
Mobility Market was valued at USD 410.5 Bn in 2020 and is expected to
reach USD 681 Bn by 2027, with a growing CAGR of 7.5% during the forecast
period.

Increasing
internet penetration and growing investment in shared mobility organizations
have prompted the growth of the market. Moreover, rising traffic congestion on
road, lack of parking spaces, excessive fuel prices, and high cost of private
car ownership are the factors that might be predicted to help the growth of the
market.

Get a Sample Copy of the Report @ https://www.alltheresearch.com/sample-request/775

The high
growth of the automotive industry and the growth of an integrated environment
in the transport industry as well as increased governments initiatives to
encourage the growth of such solutions to decrease traffic congestion on roads
will provide numerous growth possibilities for the market.

Based on
the type, the shared mobility market has been segmented into ride-sharing,
vehicle rental/leasing, ride sourcing, and private. The rental/leasing segment accounted for
the largest revenue share and is expected to grow at a constant rate during the
forecast period. The growth in the segment is attributed to the low payment
cost of the vehicles as well as maintenance benefits to the consumer. However,
the ridesharing segment in the shared mobility market is growing at the highest
CAGR during the forecast period due to the cost-effective
and elegant modes of transportation over personal driving preferences.

The lack of preference in travelling
with strange individuals while sharing transportation is the major restraint
that limits the growth of the shared mobility market.
Moreover, the increasing
concern related to the theft of private information is the essential factor that
hampers the growth of the market. However, understanding insurance issues of
regulation, availability, and affordability across a wide array of existing and
emerging shared business and service models is the major challenge that hinders
the growth of the market.

The key players operating in the shared
mobility market are:

Avis Budget Group, car2go NA, LLC, Mobiag, movmi, Grab, Uber
Technologies Inc., ANI Technologies Pvt. Ltd., Lyft, Inc., Careem, Bolt
Technology OÜ, Gett, Hertz Systems, Aptiv, Enterprise Holdings Inc., MOBIKO, Europcar,
Curb Mobility, BlaBlaCar, Wingz and Among others.