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Shared Mobility Market to Reach US$ 397.61 Bn by 2031; Sustainable Urban Transport Pivots Growth: TMR Study
Recent shared mobility trends suggest that car-pooling, vehicle rental, and ride sourcing services are gathering steam among customers for numerous benefits including convenience, cost-efficiency in commuting, and availability. Of note, in emerging economies, micro-mobility and ride sharing services have gained momentum on the back of the trend that these have helped bridge the gaps in public transport.
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Players in the shared mobility market need to constantly realign their business models in order to stay the course. Key players are geared toward expanding their product portfolio to retain their market shares. Of note, to meet this end, many have engaged in mergers & acquisitions and are forging partnerships with private players.
Some of the key players in the market are The Hertz Corporation, Beijing Xiaoju Technology Co, Ltd., Careem, Curb Mobility, Avis Budget Group, Inc., Taxify OÜ, Grab SG, Lyft, Inc., Wingz, Inc., ANI Technologies Pvt. Ltd. (OLA), BlaBlaCar, and Uber Technologies Inc.
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Rohit Bhisey
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