Shared Mobility: Bike Sharing picks up Momentum in Urban Cities

Posted October 15, 2019 by MarketResearchHub

Mobility sharing is broadly divided into two segments that include station based service and free floating service. Station based service includes vehicle pick up and drop at a same location with hourly payment.

Shared mobility refers to sharing vehicles instead of ownership along with connecting the users and service providers with one technology. Transition to shared mobility promises to reduce carbon dioxide emission and traffic congestion. It is a step towards more clean, affordable, efficient and reliable transportation future. Shared mobility suffices user’s short term mobility needs. Elevated and increasing modernization rates in large cities has become a long standing solution. Introduction of shared mobility is a giant step towards solving these transportation related problems by reducing no. of vehicles on road, traffic congestion and emission of gases that cause pollution. Share mobility brings in various positive components that include enhanced efficiency, greater social equity, higher competitiveness and improved quality of life; making it a sought after solution globally. An intelligence report titled, “Shared Mobility – Thematic Research” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.

Free floating service more flexible

Mobility sharing is broadly divided into two segments that include station based service and free floating service. Station based service includes vehicle pick up and drop at a same location with hourly payment. Vehicle reservation is important and intermediate stops are not considered. This mode of service is mostly availed for short journeys taken up with the intent of leisure, occasional trips and shopping. Free floating mode is one away car sharing where the user is at the liberty to park the car at designated places scattered across the regions. These are shorter trips without reservation and are considered more flexible than station based service.

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Car-pooling informal ride sharing

Bike sharing has come in the trend with similar business models as car sharing where users share bicycles. Bike sharing is prevalent in urban regions and its stations are generally unattended. Free-floating one way bike sharing model is more popular as it provides the liberty to return bike at a location different from pick up. Carpooling has emerged as informal ride sharing type which generally comprises of three commuters per car. Carpools are community-based initiatives and expand shared mobility beyond commercial models.

Various emerging stake holders in mobility sharing ecosystem include Zipcar, BlaBla Car, Lyft, Ola, Uber, Lyft, Transit and Didi.

Shared mobility: Report Synopsis

Quantitative and qualitative assessment exhort intelligence and overarching report on the Shared mobility. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Shared mobility. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on shared mobility.

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An insightful and deep-dive assessment of the competitive assessment of the Shared mobility pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Shared mobility. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.

Shared mobility: Research Methodology

Primary sources and secondary sources propel intelligence report on Shared mobility that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.

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Tags Machines Market , Shared Mobility Market size , OLA , Uber
Last Updated October 15, 2019