The Shared Mobility Market to Surpass USD 238.03 Billion by 2026: Facts & Factors
Global shared mobility market in 2019 was approximately USD 99.08 billion. The market is expected to grow at a CAGR of 15.42% and is anticipated to reach around USD 238.03 billion by 2026.
By: Facts & Factors
As per research report published on Facts & Factors website (https://www.fnfresearch.com/
The shared mobility market is classified on the basis of service, vehicle, and business model. Based on service segment the shared mobility market is bifurcated into ride hailing, bike sharing, ride sharing, car sharing, and others. Ride hailing segment dominate the market in terms of revenue share in the year 2019. The growth is mainly driven by the increasing participation of automotive players into shared mobility services.
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Top Players in the Industry Are:
• Uber Technologies Inc.
• ANI Technologies Pvt. Ltd. (OLA)
• Gett Lyft Inc.
• Taxify OÜ
• Wingz Inc
• Curb Mobility
• Beijing Xiaoju Technology Co Ltd. (Didi Chuxing)
• The Hertz Corporation
• Avis Budget Group Inc
Key Drivers and Restraints: Shared Mobility Market
Some of the high impact rendering drivers for the shared mobility market is increasing traffic congestion and low per capita income in the developing countries. Shared mobility provides short-term transportation facility to the consumers at lower price. Increased traffic congestion and the growing adoption of shared mobility have influenced several transport and technology companies to sign shared mobility principle.