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Global Shared Mobility Market, By Service Model (Ride Hailing, Bike Sharing, Ride Sharing, Car Sharing, Others), Vehicle Type (Cars, Two-Wheelers, Others), Business Model (Peer-To-Peer (P2P), Business-To-Business (B2B), Business-To-Consumer (B2C)), Sector Type (Unorganized, Organized), Autonomy Level (Manual, Autonomous, Semi-Autonomous), Power Source (Fuel Powered, Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV)), Industry Trends And Forecasts, 2022 - 2030.

 Pulichser: Innovation Market Research

May 2022

 Pages: 124

 IMR 4241

Shared mobility is a commuting service wherein organizations provide commuting services. The owner of the commercial vehicle shares their vehicle with an organization which then provides these vehicles for services such as hiring, ride-sharing, and mobility. The fare completely depends on the ride distance and time required for the customer to reach the destination. This service includes taxis, car sharing, bike sharing, scooter sharing, limos, ridesharing, and many more vehicles sharing. Key factors driving the growth of the market globally include increased consumer awareness about shared mobility applications and systems, and higher reliance on mobile applications to make daily processes easier.

This research analysis explores the effects of the COVID-19 pandemic on shared mobility services, encompassing various modes such as public transit, micro-mobility, and automobile-based services. Shared mobility, characterized by the collaborative use of vehicles, has faced challenges due to the substantial changes in global mobility patterns prompted by the pandemic.

The research highlights the decline in shared mobility services, particularly in ride-sharing and public transit, while also examining the emergence of new opportunities in the micro-mobility sector. Commuters' altered priorities, including a heightened focus on safety and lower infection risk, have reshaped the landscape of shared mobility. Despite setbacks, the study suggests that the demand for micro-mobility services, driven by factors like e-commerce growth and last-mile deliveries, presents a potential avenue for the shared mobility market's recovery and future growth.

Shared mobility refers to the collaborative use of vehicles, offering on-demand transportation services to individuals. This concept encompasses various modes, including public transit, micro-mobility, automobile-based services like car-sharing and ride-hailing, and commute-based modes such as carpooling and vanpooling. Shared mobility has been lauded for its potential to enhance travel efficiency, reduce transportation costs, lower fuel consumption, alleviate traffic congestion, and minimize greenhouse gas emissions.

The COVID-19 pandemic has wrought a profound impact on shared mobility, disrupting established trends and prompting a reevaluation of commuter preferences. The decline in mobility during the pandemic, coupled with reduced workplace visits, has led to a significant downturn in shared mobility services. Commuters' shifting priorities, driven by concerns about infection risk, have translated into a reluctance to utilize shared transportation options, particularly ride-sharing services.

Stay-at-home orders, virus concerns, and business closures contributed to a substantial drop in public transit ridership and patronage of transportation network companies (TNC). Ride-hailing services faced challenges associated with social distancing measures, fear of congestion, and reduced commuting activities.

Despite the overall decline, micro-mobility services experienced increased demand during the pandemic. This surge can be attributed to the growth in e-commerce businesses and the rising need for last-mile deliveries. Commuters, faced with economic constraints and a desire for safer alternatives, turned to micro-mobility vehicles such as e-bikes, electric-pedal assisted bicycles, and scooters for their daily travel needs.

The research indicates that while shared mobility faced adversity during the pandemic, opportunities for growth exist, particularly in the micro-mobility sector. The affordability and accessibility of micro-mobility vehicles position them as attractive alternatives for daily travel, contributing to the potential recovery of the shared mobility market in the post-pandemic period.

The COVID-19 pandemic has presented significant challenges to shared mobility services, leading to a decline in traditional modes such as public transit and ride-hailing. However, the increased demand for micro-mobility services suggests a potential avenue for recovery and growth in the shared mobility market. As commuters continue to prioritize safety and seek cost-effective transportation options, the landscape of shared mobility is likely to evolve, presenting both challenges and opportunities for the industry.

Top Companies in Shared Mobility Market Are:
ANI Technologies Pvt. Ltd.
Aptiv
Avis Budget Group
Beijing Xiaoju Technology Co Ltd.
Bolt Technology OÜ
car2go NA
Careem
Enterprise Holdings Inc.
Gett
Grab
HERTZ SYSTEM INC.
Lyft Inc.
Mobiag
MOBIKO
movmi Shared Transportation Services Inc.
The Hertz Corporation limited liability Company (LLC)
Uber Technologies Inc.
Zipcar Inc.

Market by Vehicle type:
Two-wheelers
Passenger Cars
Buses and Rails
Others

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    Key Questions Answered In the Report

    What will the global shared mobility market growth rate be?
    What are the key factors driving the global shared mobility market?
    Who are the key manufacturers in the market space?
    What are the market opportunities, risks, and overview of the shared mobility market?
    What are sales, revenue, and price analysis of the top manufacturers of the market?
    Who are the distributors, traders, and top companies of the shared mobility market?
    What are the market opportunities and threats faced by the top companies in the global shared mobility industry?

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