June 20, 2024

Shared Vehicles Market Size To Cross USD 511.47 Bn By 2032

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.

Shared Vehicles Market Size 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 CoverageDetails
Market Size in 2023USD 149.08 Billion
Market Size by 2032USD 511.47 Billion
Growth Rate from 2023 to 2032CAGR of 14.68%
Largest MarketAsia Pacific
Base Year2022
Forecast Period2023 to 2032
Segments CoveredBy Data Type and By Vehicles Type
Regions CoveredNorth 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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