Shared Mobility – Thematic Research

Consumer and regulatory drivers are pushing transport systems to cut their emissions to slow the damage brought by climate change. One such avenue being pursued is shared mobility services, offered as an alternative to wasteful private vehicles and less-desirable public transport options. Shared mobility covers several different mobility solutions, each optimized for a particular type of mobility requirement. There are four leading approaches to shared mobility – ride hailing, car sharing, carpooling and micro mobility. The latter focuses on last-mile solutions for short journeys including E-bikes and E-scooters, while the others all offer novel alternatives to private vehicle ownership. Shared mobility is particularly vulnerable to the disruption wrought by the COVID-19 pandemic. For consumers, sharing an enclosed vehicle – whether it is a ride-hailed taxi or a shared car club vehicle – now presents an increased chance of infection. This has blunted growth in the sector and could prevent it from reaching the economies of scale needed to become financially sustainable.

What are the market trends in shared mobility market?

Proliferation of electrified pedestrian vehicles, sharing economy, autonomous vehicles, electric vehicles, internet of things are few of the technological trends in shared mobility. The sharing economy is already beginning to impact automotive. Major players are partnering with MaaS providers or are wanting to be MaaS players themselves. IoT in automotive is being played out via the autonomous vehicle and connected car megatrends. In both cases the lower latency on offer through 5G will unleash a range of benefits and see ‘always-on’ internet connectivity that is essential for Level 4 and Level 5 autonomy.

Covid-19 has significant implications for shared mobility. Ride-hailed taxis, car clubs or carpools are shared spaces and, thus, present an increased risk of infection. This could permanently deter some users and introduce additional complexity for those that remain through additional hygiene measures. This ramps up the pressure on ride-hail and car-sharing companies already racing to expand userbases and profitability. The drive to reduce emissions from transport dovetails neatly with the potential benefits of shared mobility. All shared mobility methods aim to replace journeys that would otherwise be handled by private vehicles-a process that’s inherently wasteful because many car journeys are taken with a single passenger, and the private vehicle in question needs a space to be parked while the user goes about their business.

What are the segments in value chain in the shared mobility market?

The four main modes of shared mobility are ride hailing, car sharing, carpooling and micro mobility.

Which are key players in the shared mobility ecosystem?

Baidu, Bandwagon Taxishare, Bird, BiTaksi, BlaBlaCar, Cruise Automation, Didi Chuxing, EVCARD, Gett, and Gojek are some of the public and private listed companies in shared mobility ecosystem.

Shared mobility sector, by key players

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Market report scope

Scope

• Shared mobility, through car sharing or ride hailing, is an attempt to readdress this requirement by reducing the number of vehicles needed to transport a given number of people. Rather than take one person from their home to their workplace and back again, a shared car can be used by someone else as soon as the first user has finished their usage. Similarly, a ride-hailed vehicle can provide many trips across a single shift, significantly increasing its economic utility and reducing the number of vehicles needed to transport those people.
• In mobility, ‘car sharing’ is often used as a catch-all term for many mobility-as-a-service or ‘shared mobility’ programs. For the purpose of this report, however, ‘car sharing’ refers specifically to services that operate fleets of cars that are shared between users such as Share Now or Zipcar.
• Ride hailing companies also run fleets of vehicles, but they function more like taxis with an employed human driver picking up and dropping off riders. The most prominent companies involved in ride hailing are Uber, Lyft and Didi Chuxing.
• Carpooling is a similar but subtly different service to car sharing. Again, facilitated by a smartphone app, users can find other people driving to the same location at similar times to themselves and agree to carpool with them. Services such as BlaBlaCar have been running for more than a decade but make up a much smaller proportion of the market compared to ride hailing.

Key Highlights

We highlight key developments within the shared mobility theme, along with its top mergers and acquisition deals, and a timeline of past and future milestones. The report also features market data and our company analysis section, looking at the most important players in the shared mobility field and their key moves in the sector.

Reasons to Buy

• Understand the impact shared mobility is having in the automotive space. Identify the emerging trends in the theme and how these developments might advance in the future. Learn about the different mobility modes and where they are proving successful. View market data for the sector.
• GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.