Report Description

Asia-Pacific Shared Mobility Market is anticipated to grow with a rapid CAGR in the upcoming years. The two main market-driving variables are rising Internet usage and rising investment in applications for shared mobility. With the rise of smart mobility, which is a game-changing method of discovering new ways to commute in a safe, efficient, and environmentally friendly manner. Shared mobility reduces emissions, ownership, and accidents.

The public transportation system has also advanced greatly over the past few decades in terms of travel time, contactless payment, and general effectiveness. Growing market prospects have led to numerous recent advancements in technological start-ups. Market participants are also rapidly devising innovative motorcycle or cab sharing strategies.

In recent years, shared mobility has developed a particular interest in becoming smarter, as the vehicle is new introduced with Internet of Things (IOT) Technology. Furthermore, numerous companies have begun to develop smartphone apps to aid in the transition to non-ownership rides. In such a module, the rider can book their journey according to their needs, route, time, and vehicle type without owning or renting the car for that time duration.

The COVID-19 pandemic's lockdown and economic crisis have had a significant influence on many mobility service providers. With the spread of the pandemic, governments around the world introduced social distancing, contact tracing, self-quarantining, testing, and other rules to prevent further spread. This resulted in substantial decrease in rides for firms like Uber and Lyft. In May 2020, Uber announced the layoff of 600 employees in India as part of a cost-cutting drive in response to the coronavirus outbreak. Additionally, Lyft announced in April 2020 that it would lay off 982 employees, accounting for 17% of its workforce, due to the Covid-19 Pandemic.

Increasing Traffic Congestion and Pollution to support the Asia Pacific Market

The increased use of ride-sharing services can be attributed to overcrowding in Asia Pacific public transportation infrastructure. Population growth in nations such as China and India have resulted in overcrowding of transit facilities and an increase in pollution levels. This has pushed people to use carpooling for their everyday journey. Furthermore, factors such as lower travel costs and less congestion are increasing the regional market demand.

Increasing Electric mobility

Governments all over the world are enforcing strict emission norms to reduce the rising pollution since conventional automobiles produce significant amounts of carbon emissions. Therefore, several top mobility as a service company are converting their fleet into electric to provide sustainable future mobility solutions for the urban population in order to cut carbon emissions and grow their business in economies with strict emission regulations. Uber Technologies Inc. stated in September 2020 that all its rides in the United States will be in electric vehicles by the year 2040. Blu Smart Mobility's all-electric cab ride-sharing service stands out. With Blusmart mobility you can travel faster and more efficiently ,  As The company has effectively reduced 3350 tonnes of CO2 emissions, conducted 1410,000 electric rides, and travelled 51 million kilometres on sustainable energy.. Many BluSmart cab riders have stated that the environmentally responsible nature of the ride enhances their overall experience.

Growing Demand of Shared Mobility

Micromobility is predicted to represent the future of shared transportation, particularly in underdeveloped countries. Micro-mobility refers to the use of light vehicles such as bicycles and scooters, for short distances. Consumers' increased interest in micro-mobility has spawned vital manufacturers in micro-mobility transportation, such as Daimler and MW. Taxis, passenger vehicles, and charter cars are examples of on-demand services that provide end users with flexibility and features such as real-time feedback, vehicle monitoring, and rating. A plethora of mobile applications makes it easy to locate available passenger vehicles and compare fares with neighbors. Alto, a newly founded startup, began offering ride-sharing services comparable to Uber and Lyft, in March 2022. Customers can use their particular smartphone application to call.


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Market Segmentation

The Asia-Pacific Shared Mobility Market is segmented by service type, by vehicle type, by booking type, by commute type and by region. Based on service type, the market is segmented into Shared and Rental. Based on Vehicle type, the market is segmented into Two-Wheeler, Passenger Car, and Commercial Vehicle. Based on booking type, the market is segmented into online and offline booking. Based on commute type, the market is divided into inter-city and intra city.

Company Profiles

Uber Technologies Inc., Ola Cabs (ANI Technologies Pvt. Ltd.), Superhighway Labs Pvt. Ltd, Lyft,Inc, Europcar Mobility group , Grab Holdings Inc, Bolt Technology OU, Easy Mile SAS, Didi Chuxing Technology Co., Ltd. Zoomcar India Private limited and  Drivemate Pte Ltd.  are the key players developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2030

Quantitative Units

Revenue in USD Billion, Volume in Units, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Service Type

By Vehicle type

By Booking Type

By Commute Type

By Region

Country Scope

China, India, Japan, Thailand, Indonesia, Malaysia, South Korea, Singapore

Key Companies Profiled

Uber Technologies Inc., Ola Cabs (ANI Technologies Pvt. Ltd.), Superhighway Labs Pvt. Ltd, Lyft,Inc, Europcar Mobility group , Grab Holdings Inc, Bolt Technology OU, Easy Mile SAS, Didi Chuxing Technology Co., Ltd. Zoomcar India Private limited and  Drivemate Pte Ltd.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, ASIA-PACIFIC Shared Mobility Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·          Asia-Pacific Shared Mobility Market, By Service Type:

    • Shared
    • Rental
  • Asia-Pacific Shared Mobility Market, By Vehicle Type:
    • Two-Wheeler
    • Passenger Car
    • Commercial Vehicle
  • Asia-Pacific Shared Mobility Market, By Booking Type:
    • Online
    • Offline
  • Asia-Pacific Shared Mobility Market, By Commute Type:
    • Inter-City
    • Intra-City
  • Asia-Pacific Shared Mobility Market, By Country:
    • China
    • Japan
    • India
    • Singapore
    • Thailand
    • Indonesia
    • South Korea
    • Malaysia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in ASIA-PACIFIC Shared Mobility Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Asia-Pacific Shared Mobility Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Asia-Pacific Shared Mobility Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Aided and Unaided Brand Recall

5.3.  Brand Satisfaction Level

6.    Asia-Pacific Shared Mobility Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Service Type (Shared, Rental)

6.2.2.     By Vehicle Type (Two wheeler, Passenger Car and Commercial Vehicle)

6.2.3.     By Booking Type (Online, Offline)

6.2.4.     By Commute Type (Inter-City, Intra-City)

6.2.5.     By Region

6.2.6.     By Company (2022)

6.3.  Asia-Pacific Shared Mobility Market Mapping & Opportunity

6.3.1.     Market Mapping & Opportunity by Service Type

6.3.2.     Market Mapping & Opportunity by Vehicle Type

6.3.3.     Market Mapping & Opportunity by Booking Type

6.3.4.     Market Mapping & Opportunity by Commute Type

6.3.5.     Market Mapping & Opportunity by Region

6.4.  Asia-Pacific: Country Analysis

6.4.1.     China Shared Mobility Market Outlook

6.4.1.1.         Market Size & Forecast

6.4.1.1.1.             By Value

6.4.1.2.         Market Share & Forecast

6.4.1.2.1.             By Service Type (Shared, Rental)

6.4.1.2.2.             By Vehicle Type (Two wheeler, Passenger Car and Commercial Vehicle)

6.4.1.2.3.             By Booking Type (Online, Offline)

6.4.1.2.4.             By Commute Type (Inter-City, Intra-City)

6.4.2.     Japan Shared Shared Mobility Market Outlook

6.4.2.1.         Market Size & Forecast

6.4.2.1.1.             By Value

6.4.2.2.         Market Share & Forecast

6.4.2.2.1.             By Service Type (Shared, Rental)

6.4.2.2.2.             By Vehicle Type (Two wheeler, Passenger Car and Commercial Vehicle)

6.4.2.2.3.             By Booking Type (Online, Offline)

6.4.2.2.4.             By Commute Type (Inter-City, Intra-City)

6.4.3.     India Shared Mobility Market Outlook

6.4.3.1.         Market Size & Forecast

6.4.3.1.1.             By Value

6.4.3.2.         Market Share & Forecast

6.4.3.2.1.             By Service Type (Shared, Rental)

6.4.3.2.2.             By Vehicle Type (Two wheeler, Passenger Car and Commercial Vehicle)

6.4.3.2.3.             By Booking Type (Online, Offline)

6.4.3.2.4.             By Commute Type (Inter-City, Intra-City)

6.4.4.     Singapore Shared Mobility Market Outlook

6.4.4.1.         Market Size & Forecast

6.4.4.1.1.             By Value

6.4.4.2.         Market Share & Forecast

6.4.4.2.1.             By Service Type (Shared, Rental)

6.4.4.2.2.             By Vehicle Type (Two wheeler, Passenger Car and Commercial Vehicle)

6.4.4.2.3.             By Booking Type (Online, Offline)

6.4.4.2.4.             By Commute Type (Inter-City, Intra-City)

6.4.5.     Thailand Shared Mobility Market Outlook

6.4.5.1.         Market Size & Forecast

6.4.5.1.1.             By Value

6.4.5.2.         Market Share & Forecast

6.4.5.2.1.             By Service Type (Shared, Rental)

6.4.5.2.2.             By Vehicle Type (Two wheeler, Passenger Car and Commercial Vehicle)

6.4.5.2.3.             By Booking Type (Online, Offline)

6.4.5.2.4.             By Commute Type (Inter-City, Intra-City)

6.4.6.     Indonesia Shared Mobility Market Outlook

6.4.6.1.         Market Size & Forecast

6.4.6.1.1.             By Value

6.4.6.2.         Market Share & Forecast

6.4.6.2.1.             By Service Type (Shared, Rental)

6.4.6.2.2.             By Vehicle Type (Two wheeler, Passenger Car and Commercial Vehicle)

6.4.6.2.3.             By Booking Type (Online, Offline)

6.4.6.2.4.             By Commute Type (Inter-City, Intra-City)

6.4.7.     South Korea Shared Mobility Market Outlook

6.4.7.1.         Market Size & Forecast

6.4.7.1.1.             By Value

6.4.7.2.         Market Share & Forecast

6.4.7.2.1.             By Service Type (Shared, Rental)

6.4.7.2.2.             By Vehicle Type (Two wheeler, Passenger Car and Commercial Vehicle)

6.4.7.2.3.             By Booking Type (Online, Offline)

6.4.7.2.4.             By Commute Type (Inter-City, Intra-City)

6.4.8.     Malaysia Shared Mobility Market Outlook

6.4.8.1.         Market Size & Forecast

6.4.8.1.1.             By Value

6.4.8.2.         Market Share & Forecast

6.4.8.2.1.             By Service Type (Shared, Rental)

6.4.8.2.2.             By Vehicle Type (Two wheeler, Passenger Car and Commercial Vehicle)

6.4.8.2.3.             By Booking Type (Online, Offline)

6.4.8.2.4.             By Commute Type (Inter-City, Intra-City)

6.4.8.2.5.              

7.    Market Dynamics

7.1.  Drivers

7.1.1.     Increasing traffic congestion and pollution to support the Asia Pacific market

7.1.2.     Increasing Electric mobility

7.1.3.     Growing Demand of Shared mobility

7.2.  Challenges

8.    Market Trends and Developments

9.    SWOT Analysis

10.  PESTLE Analysis

11.  Competitive Landscape

11.1.              Uber Technologies Inc. 

11.1.1.  Company Details

11.1.2.  Products & Services

11.1.3.  Financial (As Reported)

11.1.4.  Key Market Focus & Geographical Presence

11.1.5.  Recent Development

11.1.6.  Key Management Personnel

11.2.              Ola Cabs (ANI Technologies Pvt. Ltd.)

11.2.1.  Company Details

11.2.2.  Products & Services

11.2.3.  Financial (As Reported)

11.2.4.  Key Market Focus & Geographical Presence

11.2.5.  Recent Development

11.2.6.  Key Management Personnel

11.3.              Superhighway Labs Pvt. Ltd

11.3.1.  Company Details

11.3.2.  Products & Services

11.3.3.  Financial (As Reported)

11.3.4.  Key Market Focus & Geographical Presence

11.3.5.  Recent Development

11.3.6.  Key Management Personnel

11.4.              Lyft,Inc

11.4.1.  Company Details

11.4.2.  Products & Services

11.4.3.  Financial (As Reported)

11.4.4.  Key Market Focus & Geographical Presence

11.4.5.  Recent Development

11.4.6.  Key Management Personnel

11.5.              Europcar Mobility group

11.5.1.  Company Details

11.5.2.  Products & Services

11.5.3.  Financial (As Reported)

11.5.4.  Key Market Focus & Geographical Presence

11.5.5.  Recent Development

11.5.6.  Key Management Personnel

11.6.              Grab Holdings Inc

11.6.1.  Company Details

11.6.2.  Products & Services

11.6.3.  Financial (As Reported)

11.6.4.  Key Market Focus & Geographical Presence

11.6.5.  Recent Development

11.6.6.  Key Management Personnel

11.7.              Bolt Technology OU

11.7.1.  Company Details

11.7.2.  Products & Services

11.7.3.  Financial (As Reported)

11.7.4.  Key Market Focus & Geographical Presence

11.7.5.  Recent Development

11.7.6.  Key Management Personnel

11.8.              Easy Mile SAS

11.8.1.  Company Details

11.8.2.  Products & Services

11.8.3.  Financial (As Reported)

11.8.4.  Key Market Focus & Geographical Presence

11.8.5.  Recent Development

11.8.6.  Key Management Personnel

11.9.              Didi Chuxing Technology Co., Ltd

11.9.1.  Company Details

11.9.2.  Products & Services

11.9.3.  Financial (As Reported)

11.9.4.  Key Market Focus & Geographical Presence

11.9.5.  Recent Development

11.9.6.  Key Management Personnel

11.10.            Drivemate Pte Ltd

11.10.1.                Company Details

11.10.2.                Products & Services

11.10.3.                Financial (As Reported)

11.10.4.                Key Market Focus & Geographical Presence

11.10.5.                Recent Development

11.10.6.                Key Management Personnel

12.  Strategic Recommendations

12.1.              Key Focus Areas

12.2.              Target Regions & Countries

12.3.              Target Type

12.4.              Target Category

13. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Increased Demand for Carpooling and E-hailing Services, High demand as an alternate and cost-effective solution, increasing traffic congestion and pollution are driving the growth of the Asia-Pacific Shared Mobility market.

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In the booking type, the market is segmented into online and offline. With growing innovation and usage of mobile based apps, the online shared mobility is gaining a huge momentum over the offline shared mobility.

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The major player contributing in the Asia-Pacific Shared Mobility market are Uber Technologies Inc., Ola Cabs (ANI Technologies Pvt. Ltd.), Superhighway Labs Pvt. Ltd, Lyft,Inc, Europcar Mobility group , Grab Holdings Inc, Bolt Technology OU, Easy Mile SAS, Didi Chuxing Technology Co., Ltd. Zoomcar India Private limited and Drivemate Pte Ltd.

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Lack of preference in travelling with a stranger, growing concern of theft of private information and longer common route because of sharing transports are affecting the growth of the Asia-Pacific Shared Mobility market.

profile

Srishti Verma

Business Consultant
Press Release

Asia Pacific Shared Mobility Market to Grow Due to Increasing Internet Penetration and Cost-Effective Mode of Travel

Jan, 2023

High technological penetration, cost effectiveness and increasing use of shared mobility for daily commute, is increasing the demand of Asia Pacific Shared Mobility Market.