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.
India Shared Mobility Market Size, Trends,
Company Profiles, Growth Rate, Trends and its
“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.
the Sample Report: https://www.psmarketresearch.com/market-
Seeing the rising adoption of both these services, shared mobility companies, especially ride
hailing companies, are investing in scooter and motorcycle sharin