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Shared Mobility Market Outlook For India

Currently, the Indian shared mobility market is most prosperous in the southern region of the country owing to the presence of numerous urban areas here, including Bengaluru, Chennai, and Hyderabad.

Rahul_Gautam
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Shared Mobility Market Outlook For India

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  1. India Shared Mobility Market Size, Trends, Company Profiles, Growth Rate, Trends and its Emerging Opportunities 1 ©P&SIntelligence.Allrightsreserved

  2. “By 2050, it is projected that India will have added 416 million urban dwellers.”, the United Nations (UN) had said in its 2018 World Urbanization Prospects report. With such an influx of people from rural areas into cities and the latter’s own increasing population, urban areas are becoming increasingly crowded. Cities like Mumbai, Delhi, and Bengaluru are already notorious for their alarming traffic congestion due to an increasing number of vehicles on the limited road area. Apart from merely causing road congestion, automobiles have also made these cities some of the most polluted in the world. A CNN report published in February 2020 had said that India is home to 21 out of the 30 most-polluted cities in the world. As a result of the dual problems caused by automobiles, P&S Intelligence expects the Indian shared mobility market revenue to increase to $3,952.8 million by 2025 from $1,025.8 million in 2019, at an explosive 56.8% CAGR between 2020 and 2025. Of the numerous shared mobility services available in the country — two-wheeler sharing, ride hailing, ride sharing, car rental, bus/shuttle service, and carsharing — ride hailing services witness the highest demand. They are being heavily used for traveling from the home to the office/college and markets and visiting family members and acquaintances. Moreover, the entry of automakers into the ride hailing space has widened the access to these services. Another service that is gaining widespread popularity in the country is two-wheeler sharing, as itis convenient, fast, and cost-effective. Request to Get the Sample Report: https://www.psmarketresearch.com/market- analysis/india-shared-mobility-market/report-sample Seeing the rising adoption of both these services, shared mobility companies, especially ride hailing companies, are investing in scooter and motorcycle sharing companies and expanding their service portfolio. For instance, Uber, one of the largest ride hailing companies in the world and India, invested in Neutron Holdings Inc. (Lime), an electric scooter and bike sharing company, in 2018. With this move, the scooters offered by Lime can be directly booked on Uber’s app. Currently, the Indian shared mobility market is most prosperous in the southern region of the country owing to the presence of numerous urban areas here, including Bengaluru, Chennai, and Hyderabad. All these cities have a huge working population, which uses shared mobility almost daily for the commute between the home and office. Similarly, North India also witnesses a high usage of these services, which are especially popular in the Delhi/National Capital region, which also includes Gurgaon, Noida, Ghaziabad, and Faridabad. Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send- enquiry?enquiry-url=india-shared-mobility-market Therefore, with the rising demand for cost-effective urban transit, along with the increasing awareness on saving the environment, more people in the country are expected to adopt these services and shun their private vehicles.

  3. Market Segmentation by Service Type Two-Wheeler Sharing Ride Sharing Ride Hailing Car Rental Carsharing Bus/Shuttle Service Market Segmentation by Vehicle Type • • • • • • Two-Wheelers Cars • • Buses/Vans Market Segmentation by Commuting attern • Daily Commuting Last-Mile Connectivity Occasional Commuting Others Market Segmentation by End Use • • • • Personal Business • • Market Segmentation by Region East West North South • • • • This study covers •Historical and the present size of the India Shared Mobility Market •Major factors driving the market and their impact during the short, medium, and long terms •Market restraints and their impact during the short, medium, and long terms •Recent trends and evolving opportunities for the market participants •Historical and the present size of the market segments and understand their comparative future potential •Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings •Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders •Major players operating in the market and their service offerings •Recent strategic developments by the major players in the market

  4. About P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. 3 ©P&SIntelligence.Allrightsreserved

  5. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd.

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