Top Emerging Trends Of Shared Mobility Market Progress Forecast 2030Posted by Mrudula Karmarkar on October 21st, 2022 The global shared mobility market size is expected to reach USD 731.5 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 16.9% from 2022 to 2030. Rising Internet penetration and increased investment in shared mobility applications are the major factors driving the market. With a rise in smart mobility, which is a revolutionary way of figuring out ways to commute in safe, clean, and efficient mode, basically find out a way of Zero-emission, Zero ownership, and Zero accidents. Furthermore, due to the continued development in the use of AI, the market has risen significantly over the last two decades and will continue to grow in the coming years. Additionally, in terms of commuting time, contactless payment, and overall efficiency, the public transportation system has improved significantly over the last few decades. Many recent developments in technology start-ups have occurred as a result of an increase in market prospects. Market players are increasingly coming up with new motorbike or cab sharing strategies. The public sector is getting even smarter by focusing on routes of public buses and being concerned about timings, as shown by the tracking monitor of different public vehicles at a bus stop. Investors now have started investing in abundance in such a concept seeing the potential market’s future. In recent years, shared mobility has taken a keen interest in becoming smarter, as Electric vehicles (EVs) have begun to enter the market, offering it more cost-effective, environmentally friendly, and comfortable. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/shared-mobility-market/request/rs1 Shared mobility is an emerging market wherein transportation resources and services are shared concurrently or one after the other among its users. Apart from being cost-effective and environmentally friendly, shared mobility is also convenient. Because of this, shared mobility will only partially be able to replace car ownership. There has been observed a rise in customer demand for self-driving taxis and shuttles in comparatively lower density locations. Shared Mobility Market Report Highlights
New modes and services have emerged like peer-to-peer car sharing, pooled ride-sharing, shared electric scooters, etc. This emergence has been attributed to their potential integration, automated processes, personalized travel on demand, and environment-friendly nature. The growth in penetration of connected cars and smartphones is one of the key factors driving the market for shared mobility. The increase in the cost of road vehicles and the cost of fuel, combined with a reduction in parking, especially in developed countries around the world, is estimated to boost the market growth in the coming years. Additionally, shared mobility solutions are less expensive compared to other modes of transportation and eliminate limited parking problems. Various governments worldwide are launching programs to promote the growth of these solutions to reduce congestion. This has a significant impact on commuters' lifestyles and the market as a whole, such as increased accessibility, improved transportation, reduced driving, and decreased personal car ownership. Environmental, social, and transportation system benefits are frequently realized through shared mobility schemes. Multiple ways in which commuters commute are public transit which is through shared public transport, Micro mobility (bike-sharing or scooter sharing), Automobile-based mode (via car sharing, rides, micro-transit, and Ride on-demand), Commute-based modes or ridesharing (car or vanpooling). List of Key Players in Shared Mobility Market
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