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The Indian Shared Mobility Market Comprises More than 2 Million Vehicles. With Growing Acceptance, It is Expected to Grow at a CAGR of 9.7% Until 2025
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The aim of this study is to evaluate the shared mobility market in India and differentiate the various business models available. The study focuses on investment, growth opportunities, and partnerships within the automotive industry. It also analyses the strategies of the main shared mobility companies in India. Total shared mobility fleet in India is expected to reach 4.7 million units by 2025. Ola is the market leader, as it offers a wide range of services. Uber is the second largest player offering services similar to that of Ola; however, the company has a smaller geographical footprint than Ola. Ride sharing and car, and two-wheeler sharing business models are expected to expand quickly because of the favorable demographic environment. The research study gives an overview of the Indian mobility scenario, i.e., modes of mobility, macroeconomic environment, key implications for public transportation and other modes of transport. The Indian shared mobility market is segmented into four major business models: eHailing (ride hailing); car sharing (self-drive rental); ride sharing (carpooling); two-wheeler sharing (bike-/scooter sharing). The report offers key insights into market size, fleet size, competitive analysis, and forecast for key segments. The final section of the research covers detailed company profiles of key market participants in the Indian shared mobility market and highlights the growth opportunities for various stakeholders in the industry.
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