by The global shared vehicles market size accounted for US$ 130 Bn in 2022 and is projected to reach around USD 511.47 Bn by 2032, growing at a CAGR of 14.68% from 2023 to 2032.
Key Takeaways:
- Asia Pacific region contributed more than 35% of revenue share in 2022.
- In the Middle East and Africa region is expected to expand at a CAGR of 18.5% from 2023 to 2032.
- By Data Type, the car sharing segment captured around 55.8% of revenue share in 2022.
- By Data Type, the bike sharing segment is predicted to grow at a CAGR of 20.3% between 2023 and 2032.
- By Vehicles Type, the cars segment captured around 83.8% of revenue share in 2022.
- By Vehicles Type, the two-wheelers segment is expected to record a CAGR of 20.2% from 2023 to 2032.
Report Summary
The global shared vehicles market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.
The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the shared vehicles market across the globe.
A comprehensive estimate on the shared vehicles market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of shared vehicles during the forecast period. Price point comparison by region with global average price is also considered in the study.
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Shared Vehicles Market Report Scope
| Report Coverage | Details |
| Market Size in 2023 | USD 149.08 Billion |
| Market Size by 2032 | USD 511.47 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 14.68% |
| Largest Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Data Type and By Vehicles Type |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Key Highlights:
Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized shared vehicles market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.
Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.
Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.
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Market Segments:
Insight by Type:
In 2021, the ride-sharing sector dominated the market, and it is projected to continue leading the industry in the years to come. This strong growth can be attributed to shifting customer preferences, with a majority of customers worldwide favoring cost-effective transportation options. Ride-sharing services offer convenience and the advantage of not needing to own a personal vehicle, making them an appealing choice.
Moreover, the rising fuel prices and increasing vehicle maintenance expenses are driving more people towards ride-sharing as a viable alternative. These factors contribute to the sector’s steady expansion. Additionally, there is considerable potential for further growth with the advent of technologically advanced autonomous ride-sharing services, which present promising opportunities for the segment’s expansion in the future.
Shared Vehicles Market Players
The report includes the profiles of key shared vehicles market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.
Major companies operating in this area
- Daimler AG
- SIXT SE
- Avis Budget Group Inc.
- Lyft, Inc.
- Hertz Global Holdings, Inc.
- Europcar Mobility Group SA
- Avis Budget Group Inc.
Market Segmentation
By Data Type
- Ride Hailing
- Bike Sharing
- Ride Sharing
- Car Sharing
- Others
By Vehicles Type
- Cars
- Two-Wheelers
- Others
Regional Segmentation
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
- Latin America (Brazil and Rest of Latin America)
- Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Research Methodology
Secondary Research
It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to-face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
- In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Shared Vehicles Market
5.1. COVID-19 Landscape: Shared Vehicles Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Shared Vehicles Market, By Data Type
8.1. Shared Vehicles Market, by Data Type, 2023-2032
8.1.1. Ride Hailing
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Bike Sharing
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Ride Sharing
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Car Sharing
8.1.4.1. Market Revenue and Forecast (2020-2032)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Shared Vehicles Market, By Vehicles Type
9.1. Shared Vehicles Market, by Vehicles Type, 2023-2032
9.1.1. Cars
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Two-Wheelers
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Others
Chapter 10. Global Shared Vehicles Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.1.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.1.3.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.1.4.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.2.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.2.3.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.2.4.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.2.5.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.2.6.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.3.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.3.3.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.3.4.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.3.5.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.3.6.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.4.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.4.3.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.4.4.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.4.5.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.4.6.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.5.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.5.3.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Data Type (2020-2032)
10.5.4.2. Market Revenue and Forecast, by Vehicles Type (2020-2032)
Chapter 11. Company Profiles
11.1. Daimler AG
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. SIXT SE
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Avis Budget Group Inc.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Lyft, Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Hertz Global Holdings, Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Europcar Mobility Group SA
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Avis Budget Group Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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