Report ID: SQMIG25C2022
Shared Mobility Market Size, Share, Growth Analysis, By Service model (Ride hailing, ride sharing), By Distribution channel (Online, Offline), By Vehicle, By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25C2022 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|
Tables:
145 |
Figures:
78
Shared Mobility Market Regional Insights
Asia Pacific dominated the shared mobility market share in 2021, accounting for the highest revenue share, and is expected to grow significantly over the forecast period due to widespread adoption of technology and the increasing penetration of smart homes in the region. Costs of traffic and car ownership continue to rise in countries such as China and India. These services have a high growth potential in developing countries such as India, where urban populations are growing and transportation infrastructure is being built. As a result, a regulatory environment favourable to their adoption has emerged.
MEA is expected to grow at the fastest rate during the forecast period. The increasing demand for shared transportation solutions in various countries such as the United Arab Emirates and South Africa is propelling the market growth. The government is developing alternative methods to reduce traffic congestion and greenhouse gas emissions (GHG), which is anticipated to expand the regional market over the forecast period.
Shared Mobility Market Report Snapshots
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