Europe Shared-Mobility Market

The Europe shared mobility market segmentation, based on the service model, includes ride-hailing, bike sharing, ridesharing, car sharing, and others. The ridesharing segment dominated the market. Ridesharing helps alleviate traffic and pollution by using available automobiles most efficiently. With fewer cars on the road and the ability to request rides whenever needed, users have more freedom to choose how they get around and less need to own a car.

The Europe shared mobility market segmentation, based on vehicle type, includes cars, two-wheelers, and others. The cars category generated the most income because shared mobility car services enable consumers the freedom and convenience to reach their destinations on demand, while car-sharing services offer a cost-effective alternative to buying a car, rendering transportation more accessible to a broader audience.

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

The Europe shared mobility market segmentation, based on business model, includes Peer-to-Peer (P2P), Business-to-Business (B2B), and Business-to-Consumer (B2C). The Peer-to-Peer (P2P) category is expected to grow fastest because P2P platforms provide a wide variety of vehicles, allowing users to access a variety of cars, motorbikes, and other forms of transportation based on their preferences and requirements; owners of private cars can share their automobiles when they're out of use, decreasing the total amount of idle vehicles and making better use of assets.

The Europe shared mobility market segmentation, based on sector type, includes unorganized and organized. The organized category is anticipated to grow at a CAGR of 2.50% over the projected period. Due to their members of organized shared mobility, providers are more likely to deliver dependable services that adhere to established protocols, giving customers peace of mind.

The Europe shared mobility market segmentation, based on autonomy level, includes manual, autonomous, and semi-autonomous. The semi-autonomous category generated the most income because to improve road safety and reduce the possibility of accidents; semi-autonomous vehicles incorporate automation elements that help drivers make fewer mistakes and to make roads safer, semi-autonomous vehicles can feature advanced driver-assistance systems that help drivers monitor their surroundings, steer clear of obstacles, and control traffic.

The Europe shared mobility market segmentation, based on power source, includes fuel-powered, hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV), and battery electric vehicles (BEV). The hybrid electric vehicle (HEV) category is expected to grow fastest at a CAGR of 2.50% because hybrid electric vehicles have an internal combustion engine coupled with an electric motor, enabling improved fuel efficiency and lower operational costs for companies offering shared mobility services.

The rapid expansion of the company travelers has resulted in a boom in demand for shared mobility in Europe in recent years. The rising number of business visitors in this area has led to a surge in demand for mobility options as the costs of vehicle ownership continue to rise, and the number of vehicles on the road continues to increase. Furthermore, many European regulations aim to increase the number of electric vehicles on the road and decrease emissions. 

There has been significant investment by the European Union in expanding its charging and support infrastructure for electric vehicles to ensure they can work together more easily. Moreover, businesses pour resources into improving and enhancing shared mobility. Additionally, many European cities have ridesharing apps like Uber that can be used instead of regular taxis. Because of how easy and cheap these platforms were, they quickly became popular in the coming years. The European Europe Shared Mobility market is expected to be propelled during the projected period by growing population and urbanization.