The Europe Shared Mobility Market would witness market growth of 14.8% CAGR during the forecast period (2022-2028).
The German mobility system is known for its high level of connection and flexibility. Smart mobility is a well-balanced mix of shared mobility choices like car sharing, carpooling, and bike sharing, and also well-developed public transportation systems. Unified data, booking, and payment systems contribute to smooth mobility and great consumer friendly across all modes. Smart mobility can save money compared to owning a car, decreasing the need for personal vehicles. Car sharing vehicles could be integrated with clean electric propulsion to further reduce pollution and climate change emissions.
When users have out-of-town visitors or are visiting another city, they can use public bike sharing to get about quickly. A car is waiting for guests at the next mobility hot spot whenever they need it for a big shopping trip, moving furniture, or a spontaneous weekend escape. Use a smart phone app to connect with others who are taking the same trip and save money on gas. The expenditures of owning a private car are reduced when people use shared mobility. Certain car commutes can be eliminated with the use of bike sharing schemes. All these cars sharing and carpooling make better use of automobiles and can help to lessen the demand for private automobile ownership.
There is a rise in a number of European standards for carbon reduction and the stock of electric vehicles. In order to facilitate interoperability between various electric vehicles across the region, some European nations, including France and Belgium, are also focusing on building out infrastructure for electric vehicle charging and support. Additionally, companies are investing heavily in the introduction of advanced and better shared mobility in the region.
In addition, the European Vehicle Manufacturing Association urges the installation of IEC 62196 Type 2 Mode 3 connectors in public charging stations, with interim measures permitted until 2017. Despite this, several different socket types, including Chademo and Mode 2 standard household socket outlets, have already been installed. Politicians have pushed for a single European standard, and in the case of a market failure, the EU will legislate infrastructure requirements in 2013. The European Commission suggested in January 2013 that only the Type 2 connector type be adopted as the single standard, ending the previous confusion over charging infrastructure equipment in Europe. This proposal was made in response to lobbying. Due to the rising popularity of electric vehicle, the growth of the regional shared mobility market would surge in the coming years.
The Germany market dominated the Europe Shared Mobility Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $23,310.8 million by 2028. The UK market is experiencing a CAGR of 13.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 15.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Shared Mobility Market will Hit $454.4 Billion by 2028, at a CAGR of 15.4%
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.
By Service Model
By Vehicle
By Country
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