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Innovative Business Models Fuel the Global Shared Mobility Market, Finds Frost & Sullivan
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Revenue for the global shared mobility market is expected to exceed $1 billion by the end of 2025
SANTA CLARA, Calif., July 19, 2021 /PRNewswire/ Frost & Sullivan s recent analysis finds that the global
shared mobility market is expected to reach pre-pandemic levels by late 2021 or early 2022. Comprising of traditional
carsharing, peer-to-peer (P2P) carsharing, e-hailing, ridesharing, bikesharing, demand-responsive transit (DRT), and mobility-as-a-service (MaaS), the industry has been adversely affected by COVID-19, which has significantly altered consumer mobility preferences and requirements. As a result, shared mobility companies are pursuing strategies to mitigate new business challenges, especially the steep decline in demand for services. In the short term, operators have diversified their business models to include deliver
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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.