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Shared Mobility Market to Clock Value of US$ 608 Bn by 2026 With Rising Availability of Faster Internet Connectivity, States TMR

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News provided by

Transparency Market Research

07 Feb, 2019, 10:00 GMT

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ALBANY, New York, Feb. 7, 2019 /PRNewswire/ -- Transparency Market Research (TMR) notes that the global shared mobility market is categorized by the presence of several large and small players operating in it. The rivalry between the potential players is likely to increase as they aim at adopting various strategies to offer consumer to ride a vehicle at lower price.

Among multiple strategies adopted by players in the global shared mobility market to stay ahead of the competitors, vehicle automation with the help of advanced technology has paid off the most. The global shared mobility market is expected to grow steadily due to the existence of potential large players who are heavily investing in vehicle electrification. Some of the leading players in the global shared mobility market are Grab, ANI Technologies, Gett, BlaBlaCar, Careem, Cabify, Avis Budget Group, and Curb Mobility.

Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=53679

The TMR report projects the global shared mobility market to register an impressive CAGR of 23% from 2018 to 2026. By the end of 2026, the market will be worth US$608 bn, predicts the report. 

Out of the various types of shared mobility services, the demand for ride-sharing is expected to remain high in the next few years as these service provides passenger safety along with reduced travel time. Region wise, Asia Pacific is expected to lead the global shared mobility market in the coming years. This is attributed to increased ride-hailing and ride-sharing services in the region.

Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=53679 

Rapid Penetration of Smartphones and Connected Vehicles to Fuel Shared Mobility Market

Shared mobility services offer flexibility in modifying or cancelling booking instantly. This service is less expensive, where the vehicle owner provides consumers the vehicle on a rental basis. Shared mobility services comprise of sharing a ride, a car, a two-wheeler, and also sharing buses and trucks. Growing fuel costs and on-road vehicle traffic, rapidly reducing parking spaces, and rising global emission levels are factors driving demand in the global shared mobility market. Shared vehicle provides vehicle ownership to the consumers who do not afford a vehicle and also effectively capable of decreasing the number of vehicle owners. Such benefits are also fueling the global shared mobility market. Apart from these, rising tourism, increasing interests in family outings, and growing disposable income is also boosting the demand in the global shared mobility market.

Furthermore, governments worldwide are taking serious initiatives in reducing traffic congestion on roads and limiting the global temperature rise through vehicular emissions. Such initiatives are propelling demand in the global shared mobility market. Along with these, increasing mobile ownership, rising number of working people, rapid emergence of faster internet connectivity, and growing availability of mobility sharing apps are some of the major factors fueling the global shared mobility market.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=53679 

Growing Reluctance in Sharing Personal Vehicles with Strangers Hinder Market Growth

A few challenges hindering the growth in the global shared mobility market are lack of awareness about the benefits of the shared mobility service, individuals' problem in sharing own vehicles with unknown, and substandard internet connectivity in developing economies. Nonetheless, rising demand for ride-sharing services for reducing travelling expenditure is expected to help overcome some of these challenges.

The information presented in this review is based on a TMR report, titled "Shared Mobility Market (Sector Type - Unorganized, Organized; Type - Ride-sharing, Vehicle Rental/Leasing, Ride Sourcing, Private; Vehicle Type - Passenger Cars, LCVs, Buses and Coaches, Micro mobility; Business Model - P2P, B2B, B2C; Autonomy Level – Manual, Semi-autonomous, Autonomous; Power Source - Fuel Powered, HEV (HEV), PHEV (PHEV), BEV (BEV)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026".

Browse Research Release at https://www.transparencymarketresearch.com/pressrelease/shared-mobility-market.htm

The Global Shared Mobility Market has been segmented based on:

Global Shared Mobility Market, by Sector Type

  • Unorganized
  • Organized

Global Shared Mobility Market, by Type

  • Ride-sharing
  • Vehicle Rental/Leasing
  • Ride Sourcing
  • Private

Global Shared Mobility Market, by Vehicle Type

  • Passenger Cars
  • LCVs
  • Busses & Coaches
  • Micro mobility

Global Shared Mobility Market, by Business Model

  • P2P
  • B2B
  • B2C

Global Shared Mobility Market, by Autonomy Level

  • Manual
  • Semi-autonomous
  • Autonomous

Global Shared Mobility Market, by Power Source

  • Fuel Powered
  • Hybrid Electric Vehicle (HEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Battery Electric Vehicle (BEV)

Global Shared Mobility Market, by Region/ by Country/ Sub-region

North America

  • U.S.
  • Canada

Europe

  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • India
  • Japan
  • ASEAN
  • Rest of Asia Pacific

Middle East & Africa (MEA)

  • GCC
  • South Africa
  • Rest of MEA

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Browse More Automotive & Transport Market Research Reports

Popular Research Reports by TMR:

  • Urban Rail Transit Market - https://www.transparencymarketresearch.com/urban-rail-transit-market.html  
  • Transportation Electrification Market- https://www.transparencymarketresearch.com/transportation-electrification-market.html  
  • Railway Tie Supply Market - https://www.transparencymarketresearch.com/railway-tie-supply-market.html  

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
Website: https://www.transparencymarketresearch.com 
Research Blog: https://tmrblog.com/

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