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North America Shared Mobility Market Size, Share & Industry Trends Analysis Report By Service Model, By Vehicle, By Country and Growth Forecast, 2022 - 2028

North America Shared Mobility Market Size, Share & Industry Trends Analysis Report By Service Model, By Vehicle, By Country and Growth Forecast, 2022 - 2028

  • June 2022
  • 69 pages
  • ID: 6309856
  • Format: PDF
  • KBV Research

Summary

Table of Contents

The North America Shared Mobility Market would witness market growth of 14.5% CAGR during the forecast period (2022-2028).

Transportation technology has the potential to revolutionize the industry, substantially enhancing safety & urban mobility while lowering costs and decreasing environmental impacts. The benefits of shared mobility mixed with mass transportation have been demonstrated in a recent study by Apta, the American Public Transportation Agency. The results are really positive. It demonstrates that, in the face of effective last-mile transit, Americans are abandoning automobile ownership. Traffic density during peak hours could be reduced, and parking space can indeed be saved, due to shared mobility solutions. This has far-reaching ramifications for cities, as transportation is critical to the development of sustainable cities.

The new mobility apps would then allow users to plan and select their mode of transportation in real time while on the move, all while paying a single fare. Uber and Lyft are going to share their transit data and payment modules, making alternative transportation options available not only on their own apps, but also on those of their partners, ensuring a smooth experience. New collaboration schemes are also being tested by public transportation agencies. In St. Petersburg, Florida (USA), Uber rides to public transportation stops are half-priced. This solves the problem of having too few bus stops in the last mile. According to the APTA survey, persons who utilize ride-share are more reliant on public transportation.

Usage of electric or shared transport is rising as a result of the growing number of businesses operating in the shared mobility market across the United States. In order to provide a seamless charging experience, producers of electric vehicle charging stations are focusing on extending their partnerships with automakers. Tesla, for instance, offers 18 public charging stations throughout the state of California. Due to ARRA funding, the SF Bay Area Activities & Coalition has identified 109 locations where public charging stations will be built starting in 2009.

A pan-Canadian EV rebate programme, offering a $5,000 rebate toward the purchase of a new electric car, was launched by Transport Canada in May 2019. In Canada, demand for electric increased in the second quarter of 2019. Nevertheless, the pace of the extra sales did not continue in any of the areas during the second quarter, suggesting that the reduced incentive sum may have a smaller or more fleeting impact than the $10,000 incentive that was previously provided in Ontario. But after initial spike in the second quarter of 2019, EV sales in the other Canadian markets with legal incentive programmes grew slightly.

The US market dominated the North America Shared Mobility Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $84,285.3 million by 2028. The Canada market is anticipated to grow at a CAGR of 13.3% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 16.3% during (2022 - 2028).

Based on Service Model, the market is segmented into Ride Hailing, Ride Sharing, Car Sharing, Bike Sharing and Others. Based on Vehicle, the market is segmented into Cars, Two-wheelers, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lyft, Inc., Grab Holdings Inc. Avis Budget Group, Inc., DiDi Global Inc., Deutsche Bahn Connect GmbH (Deutsche Bahn AG), Uber Technologies, Inc., GT Gettaxi (UK) Limited, Ola Cabs (ANI Technologies Pvt. Ltd.), Share Now GmbH, and Global Car Sharing and Rental Co., Ltd.

Scope of the Study

Market Segments covered in the Report:

By Service Model

• Ride Hailing

• Ride Sharing

• Car Sharing

• Bike Sharing

• Others

By Vehicle

• Cars

• Two-wheelers

• Others

By Country

• US

• Canada

• Mexico

• Rest of North America

Companies Profiled

• Lyft, Inc.

• Grab Holdings Inc

• Avis Budget Group, Inc.

• DiDi Global Inc.

• Deutsche Bahn Connect GmbH (Deutsche Bahn AG)

• Uber Technologies, Inc.

• GT Gettaxi (UK) Limited

• Ola Cabs (ANI Technologies Pvt. Ltd.)

• Share Now GmbH

• Global Car Sharing and Rental Co., Ltd

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