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The shared mobility market is expected to reach $608.86 billion by the end of 2021, finds Frost & Sullivan
SANTA CLARA, Calif., May 12, 2021 /PRNewswire/ -- Frost & Sullivan's recent analysis finds that the
global shared mobility market is anticipated to accelerate and grow in H2 2021, reaching pre-pandemic levels by 2022. Led by the eHailing segment, the global gross market value (GMV) of the industry—which includes ride-hailing, ridesharing, corporate, peer-to-peer (P2P) and traditional car-sharing, mobility-as-a-service (MaaS), and bike-sharing—is expected to reach
$608.86 billion by the end of 2021 from
$305.92 billion in 2020. It will be driven by consumers' increasing focus on safety and mobility companies' renewed strategies toward micro-mobility adoption and their continual emphasis on carbon neutrality.