Opportunities for global shared mobility market to reach $138.7 billion by 2023

According to a new market report published by Lucintel, the future of global shared mobility market looks promising with opportunities in the ride, car and bike sharing. The global shared mobility market is expected to reach an estimated $138.7 billion by 2023 with a CAGR of 15.2% from 2018 to 2023. The major drivers for this market are low cost and ease of use services, increasing traffic congestion, parking issues, and environmental concerns.

                                                                    

In this market, the major segments of shared mobility market by mode of sharing include ride sharing, car sharing, and bike sharing. On the basis of its comprehensive research, Lucintel forecasts that the car sharing and bike sharing segment will show above-average growth during the forecast period.

                                                                   

ICE (Internal Combustion Engine) vehicles and electric vehicles are used for shared mobility services. ICE vehicle will remain the largest segment and electric vehicle segment is expected to witness the highest growth over the forecast period due to governmental initiatives to encourage electric vehicle adoption by providing tax rebates and incentives.

APAC will remain the largest region and it is also expected to witness highest growth over the forecast period due to the governmental initiatives to reduce carbon emission and traffic congestion in the region.

Emerging trends, which have a direct impact on the dynamics of the industry, include rise of micro mobility services, emergence of specialized suppliers to integrate technology & services, and increasing adaptation of electric vehicles. Uber Technologies, DiDi Chuxing Technology, Lyft, Daimler, Grab Taxi, BlaBlaCar, ANI Technology, Zipcar, Ofo, and Mobiko are the major shared mobility service providers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for global shared mobility market by mode of sharing, booking type, vehicle type, customer type and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for Global Shared Mobility Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. This study includes a forecast for the global shared mobility market by mode of sharing, booking type, vehicle type, customer type and region as follows:

By Mode of Sharing ($ Million from 2012 to 2023):

                              

• Ride Sharing
• Car Sharing
• Bike Sharing

By Booking Type ($ Million from 2012 to 2023):

• On-line
• Off-Line

By Vehicle Type ($ Million from 2012 to 2023):

• IC Engines
• Electric Vehicles                                  

By Customer Type ($ Million from 2012 to 2023):

•  Leisure
•  Business
•  Others                            

                  

By Region ($ Million from 2012 to 2023):

• North America
• US
• Canada
• Mexico

• Europe
• Germany
• Russia
• France
• United Kingdom
• Italy

• Asia Pacific
• China
• Japan
• India
• South Korea
• Indonesia

• The Rest of the World
• Brazil
• Turkey

This 225-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com. Lucintel offerings include Mass Transportation, Transportation Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers the following 11 key questions:

Q.1.     What are some of the most promising, high-growth opportunities for global shared mobility market by mode of sharing (bike sharing, ride sharing and car sharing), by booking type (on-line and off-line), by vehicle type (IC engines and electric vehicles), by customer type (business, leisure and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2.     Which segments will grow at a faster pace and why?

Q.3.     Which region will grow at a faster pace and why?

Q.4.     What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5.     What are the business risks and competitive threats in this market?

Q.6.     What are the emerging trends in this market and the reasons behind them?

Q.7.     What are some of the changing demands of customers in the market?

Q.8.     What are the new developments in the market? Which companies are leading these developments?

Q.9.     Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10.   What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11.   What M&A activity has occurred in the last 5 years and what has its impact been on the industry?