Shared mobility services include micro mobility such as scooter and bike sharing; public transport; automobile-based transport such as car sharing and rides on demand; and commute-based ridesharing such as carpooling and vanpooling. In shared mobility, vehicle owners and fleet operators provide a vehicle on rental basis to various consumers and corporate companies. Increase in adoption of smartphones has provided several options for mobility and further optimized routes for travelers. Use of various technologies in the transportation sector, such as telematics and V2X (Vehicle-to-Everything), is expected to further boost preference for shared mobility over private vehicles.

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Rapid urbanization and rise in awareness about effective planning and settlement of urban areas are expected to fuel the demand for shared mobility. Additionally, concerns related to pollution, depletion of energy reserves, and growing economic, environmental, and energy crisis are further boosting the requirement for sustainable, alternative, and shared mobility solutions, such as car-pooling and e-hailing.

Analysis of Key Players in Global Shared Mobility Market

The global shared mobility market is split with several number of manufacturers controlling major market share, with key companies holding the potential to boost the pace of expansion by adopting newer and advanced technologies and by making consistent changes in their shared mobility services. However, mergers and acquisitions and the development of services portfolio are major strategies that are adopted by key players.

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Business models of shared mobility companies are changing consistently. Some startups in car and bike sharing have folded, while others became multimodal services providers, and changes have been rapid in public-private partnerships and service offerings. Key players operating in the global shared mobility market include Uber Technologies Inc., BlaBlaCar, ANI Technologies Pvt. Ltd. (OLA), Wingz, Inc., Lyft, Inc., Grab SG, Taxify OÜ, Avis Budget Group, Inc., Europcar, Curb Mobility, Careem, The Hertz Corporation, Enterprise Holdings, Inc., and Beijing Xiaoju Technology Co, Ltd. (Didi Chuxing).

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Key Developments in Global Shared Mobility Market

In June 2022, Uber Technologies Inc. announced the launch of UberX Share, which offers shared rides across the cities of New York, San Francisco, Chicago, Los Angeles, Portland, Phoenix, Pittsburgh, San Diego, and Indianapolis, in the U.S. The company plans to expand UberX Share, which enables riders to share a ride, get savings, stay on schedule, and make a sustainable choice.

In June 2022, IFC, a private sector arm of the World Bank Group, signed an agreement with BlaBlaCar to invest around US$ 15 Mn, in order to support shared mobility platform growth across Brazil and further boost the access to environmental-friendly, convenient, and affordable travel.

Each of these players has been profiled in the shared mobility market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

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