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Strategic Overview of the Start-ups Disrupting Shared Mobility, Global, 2022

Strategic Overview of the Start-ups Disrupting Shared Mobility, Global, 2022

  • July 2022
  • 161 pages
  • ID: 6312009
  • Format: PDF
  • Frost & Sullivan

Summary

Table of Contents

The shared mobility industry is poised to grow as the shift from private cars to multimodal solutions continues. Though the shared mobility market was battered by the pandemic in 2020, operators quickly re-aligned their business models and emerged stronger.While all segments have rebounded, two have recorded explosive growth in the last 2 years—Demand Responsive Transit (DRT) and micromobility. People are still wary about using public transport for commuting, which is where technology-enabled safe transport has seen an uptake. Investment in micromobility sharing has boomed. More than 25 micromobility sharing operators raised funds greater than $3 billion in the last 2 years. The pandemic has certainly brought to light the immense potential of micromobility as a resilient mode of transport. The shared mobility market is still dynamic and young, with great potential for further growth, investment, and innovation.This study analyzes several start-ups in shared mobility through 7 key segments—traditional carsharing, P2P carsharing, ride-hailing, DRT, micromobility, Mobility-as-a-service (MaaS), and autonomous shuttles. A comprehensive list of companies was identified in each segment. They were then ranked using various parameters, and each parameter was assigned a weightage based on its importance in a particular segment. Through this process, the top companies in each domain were identified and benchmarked against their competitors. The geographic scope of the study is global. It profiles 3 to 4 companies in each segment and more than 25 profiles overall. Each company profile covers an overview, offerings, unique value proposition, sustainable initiatives, growth strategy, notable achievements, funding details, and key strengths.In 2021, the market opportunity from shared mobility was approximately $336.9 billion. This is expected to cross $994.5 billion in 2030, accounting for the changes in the market due to the COVID-19 pandemic. Europe dominates the shared mobility start-up space, with more than 50% of the start-ups headquartered in the EU G5 countries.Rising congestion and pollution within cities have forced city administrations to put emphasis on shared mobility solutions to meet sustainability targets. This has resulted in firms exploring new technologies and services to alleviate some of these growing issues. Shared mobility is rapidly developing, and this space is springing up many new start-ups. Electrification, hybrid working, 15-minute cities, mergers and acquisitions, investments, autonomous mobility, machine learning, and artificial intelligence will be the defining trends in the shared mobility market.

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