- In July 2023, Grab announced its acquisition of Singapore-based taxi operator Trans-cab. This deal includes Trans-cab’s maintenance workshop, fuel pump services, and car rental operations, along with the launch of the Grab Driver app, which will be integrated into mobile display units within Trans-cab taxis
- In March 2023, Zipcar, Inc. advanced its carshare program in New York City, introducing services in Kew Gardens Hills (Queens), West Village (Manhattan), and Bedford Park (Bronx), expanding its presence across key neighborhoods
- In March 2022, Lyft teamed up with Spin to integrate Spin scooters into the Lyft app across 60 U.S. markets. This collaboration aims to streamline access to multiple mobility options, including car-sharing, through a single platform. By adding Spin scooters, Lyft is expanding its range of transportation solutions, making it more convenient for users to choose from various options within the app
- In January 2022, The Toro Company, a leader in innovative outdoor solutions, acquired The Intimidator Group Inc., a U.S.-based manufacturer of side-by-side vehicles. This acquisition is part of Toro’s strategy to strengthen its presence in the zero-turn mower market and establish itself as a key player in the global market
- In July 2020, Polaris Inc. introduced RideReady, a groundbreaking on-demand digital service platform. This innovative RideReady strategy leverages digital tools to enhance customer engagement by providing seamless access to services. The platform connects shared mobility dealers and owners with Indian Motorcycle, allowing customers to conveniently schedule service appointments online
Frequently Asked Questions
The market is segmented based on Segmentation, By Service Model (Ride Hailing, Bike Sharing, Ride Sharing, Car Sharing, and Others), Vehicle Type (Cars, Two-Wheelers, and Others), Business Model (Peer-To-Peer (P2P), Business-To-Business (B2B), and Business-To-Consumer (B2C)), Sector Type (Unorganized and Organized), Autonomy Level (Manual, Autonomous, and Semi-Autonomous), Power Source (Fuel Powered and Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), and Battery Electric Vehicle (BEV)) - Industry Trends and Forecast to 2031
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The Global Shared Mobility Market size was valued at USD 5.85 USD Billion in 2023.
The Global Shared Mobility Market is projected to grow at a CAGR of 31.18% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
