According to the report published by Allied Market Research, the global shared mobility market generated $435.20 billion in 2021 and is estimated to hit $1,266.80 billion by 2031, registering a CAGR of 11.5% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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The key market players analyzed in the global shared mobility market report include Autocrypt Co., Ltd., BlaBlaCar, Blu-Smart Mobility Pvt. Ltd., Bolt Technology OÜ, Cabify Espaa S.L.U., EasyMile SAS, Free2move, Getaround, Inc., Lyft, Inc., Meru Mobility Tech Pvt. Ltd., ANI Technologies Private Limited (Ola), Uber Technologies Inc., Zoomcar India Private Limited, Didi Chuxing Technology Co. and Yandex LLC.
Based on region, the market across Asia-Pacific contributed to more than two-fifths of the total market share in 2021, and is expected to maintain its dominance during the forecast period. The LAMEA region, on the other hand, would grow at the fastest CAGR of 13.9% from 2022 to 2031. The other two provinces discussed in the report include Europe and North America.
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Covid-19 scenario-
- The Covid-19 outbreak had a negative impact on the growth of the global shared mobility market owing to change in mobility patterns of people across the globe. Mobility of people during the pandemic decreased significantly.
- The pandemic led to shift in priorities regarding commute. Commuters opted for safe and sanitized means of transportation and avoided shared mobility services such as ride sharing.
- Ride-hailing also reduced due to the implementation of measures such as social distancing, fear of congestion and reduced commuting.
- However, other areas of shared mobility such as micro mobility services witnessed a growing demand owing to the growth in e-commerce business and last mile deliveries.
- In addition, commuters now utilize micro mobility vehicles such as e-bikes, electric-pedal assisted bicycles, scooters, and others for daily travel. This is anticipated to boost the growth of the shared mobility market during the forecast period.
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