India Shared Mobility Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024-2030)

Description

Key Highlights

The India shared mobility market was valued at USD 1,683.4 million in 2023, and it will rise to USD 56,397.9 million, propelling at a 65.3% compound annual growth rate, by 2030.

The growth of this industry can be mainly ascribed to the cost-effectiveness as well as the convenience delivered by shared mobility service providers.

The Indian government is playing a major part in emphasizing the acceptance of the shared mobility model over vehicle ownership to reduce environmental pollution and traffic congestion.

Rising worry toward environmental protection, mainly because of the increased pace of environmental degradation due to the rising amount of exhaust fumes from automobiles, is convincing the government to make regulatory guidelines and provide financial assistance, to promote the acceptance of shared mobility services.

Advancement in technology has been a catalyst for the expansion of the India shared mobility industry.

All the shared mobility services like shuttle, ride-hailing, car rental, carsharing, two-wheeler sharing, and ride-sharing, are based on mobile apps, where users and providers connect with each other for the purpose of ride booking and making related payments.

The shared mobility industry in India has also significantly profited from cloud computing models such as software-as-a-service (SaaS) and platform-as-a-service (PaaS).

Market Insights

The south region was the largest contributor to the industry in 2023, with approximately 40% share. This region is also likely to propel at a 65.6% compound annual growth rate during this decade.

This is because the most shared mobility providers are present in the south India region, such as Hyderabad, Bengaluru, Visakhapatnam, and Chennai.

The east region is likely to propel at the fastest compound annual growth rate, of 65.8%, in the years to come.

In 2023, the ride-hailing category accounted for the largest share of the industry. This category will further advance at the highest compound annual growth rate in the years to come.

The expansion of the ride-hailing category is because of the shifting preference of millennials from traditional mobility solutions toward ride-hailing services.

The cars category was the largest contributor to the industry in 2023. The largest share of this category is mainly because of the early introduction of car-hailing as well as rental services.

The buses/vans category is likely to advance at the fastest CAGR in the years to come.

This can be attributed to the increasing operations of industry players in cities and the rising adoption of bike taxis in Hyderabad and the National Capital Region (NCR).

Occasional commuting was the largest contributor to the industry in 2023. Whereas, daily commuting is likely to advance at the fastest compound annual growth rate during this decade.

The personal category accounted for the largest share of the industry in 2023.

This is because most customers in India utilize these services for personal work, which might include running errands like grocery shopping, going to the office, and undertaking short trips like escorting someone to the airport.

The shared mobility industry in India is very consolidated in nature. The ride-hailing service providers largely dominated this industry.

Product Code: 11556

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by service type
- 1.4.2. Market size breakdown, by vehicle type
- 1.4.3. Market size breakdown, by commuting pattern
- 1.4.4. Market size breakdown, by end use
- 1.4.5. Market size breakdown, by region
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. India Market

6.1. Overview
6.2. Market Revenue, by Service Type (2017-2030)
6.3. Market Revenue, by Vehicle Type (2017-2030)
6.4. Market Revenue, by Commuting Pattern (2017-2030)
6.5. Market Revenue, by End Use (2017-2030)
6.6. Market Revenue, by Region (2017-2030)

Chapter 7. East India Market

7.1. Overview
7.2. Market Revenue, by Service Type (2017-2030)
7.3. Market Revenue, by Vehicle Type (2017-2030)
7.4. Market Revenue, by Commuting Pattern (2017-2030)
7.5. Market Revenue, by End Use (2017-2030)

Chapter 8. West India Market

8.1. Overview
8.2. Market Revenue, by Service Type (2017-2030)
8.3. Market Revenue, by Vehicle Type (2017-2030)
8.4. Market Revenue, by Commuting Pattern (2017-2030)
8.5. Market Revenue, by End Use (2017-2030)

Chapter 9. North India Market

9.1. Overview
9.2. Market Revenue, by Service Type (2017-2030)
9.3. Market Revenue, by Vehicle Type (2017-2030)
9.4. Market Revenue, by Commuting Pattern (2017-2030)
9.5. Market Revenue, by End Use (2017-2030)

Chapter 10. South India Market

10.1. Overview
10.2. Market Revenue, by Service Type (2017-2030)
10.3. Market Revenue, by Vehicle Type (2017-2030)
10.4. Market Revenue, by Commuting Pattern (2017-2030)
10.5. Market Revenue, by End Use (2017-2030)

Chapter 11. Competitive Landscape

11.1. List of Market Players and their Offerings
11.2. Competitive Benchmarking of Key Players
11.3. Product Benchmarking of Key Players
11.4. Recent Strategic Developments

Chapter 12. Company Profiles

12.1. Uber Technologies Inc.
- 12.1.1. Business overview
- 12.1.2. Product and service offerings
- 12.1.3. Key financial summary
12.2. ANI Technologies Pvt. Ltd. (Ola Bike)
- 12.2.1. Business overview
- 12.2.2. Product and service offerings
- 12.2.3. Key financial summary
12.3. Comuto SA (BlaBlaCar)
- 12.3.1. Business overview
- 12.3.2. Product and service offerings
- 12.3.3. Key financial summary
12.4. Zoomcar Ltd.
- 12.4.1. Business overview
- 12.4.2. Product and service offerings
- 12.4.3. Key financial summary
12.5. Roppen Transportation Services Pvt. Ltd. (Rapido)
- 12.5.1. Business overview
- 12.5.2. Product and service offerings
- 12.5.3. Key financial summary
12.6. Mahindra Logistics Ltd.
- 12.6.1. Business overview
- 12.6.2. Product and service offerings
- 12.6.3. Key financial summary
12.7. Yulu Bikes Pvt. Ltd.
- 12.7.1. Business overview
- 12.7.2. Product and service offerings
- 12.7.3. Key financial summary
12.8. Carzonrent India Pvt. Ltd.
- 12.8.1. Business overview
- 12.8.2. Product and service offerings
- 12.8.3. Key financial summary
12.9. Bashar Technologies Pvt. Ltd. (Wheelstreet)
- 12.9.1. Business overview
- 12.9.2. Product and service offerings
- 12.9.3. Key financial summary
12.10. Royalbison Autorentals India Pvt. Ltd. (Royal Brothers)
- 12.10.1. Business overview
- 12.10.2. Product and service offerings
- 12.10.3. Key financial summary
12.11. Motocruizer Technologies India Pvt. Ltd. (Onn Bikes)
- 12.11.1. Business overview
- 12.11.2. Product and service offerings
- 12.11.3. Key financial summary

Chapter 13. Appendix

13.1. Abbreviations
13.2. Sources and References
13.3. Related Reports