Rising Investment and Partnerships in Shared Mobility

The global mobility on demand market is anticipated to grow at a considerable CAGR of 10.5% during the forecast period (2024-2031). The market growth is attributed to the rise in the adoption of shared transport globally. Most companies in the sector have created cross-domain partnerships and investment agreements to support their future endeavors in the market including plans for autonomous shared mobility manufacturing and services, sustainable innovation, and ecosystem developments. For instance, In June 2023, Spare announced a collaboration with Uber, integrating Spare's cloud-based on-demand transit technology with Uber's large driver network. This agreement enables transit authorities to improve microtransit and paratransit services by leveraging Uber’s network. Large-scale deployments have already been successfully implemented in Pinellas Suncoast Transit Authority (PSTA) and Dallas Area Rapid Transit (DART), demonstrating the effectiveness of this collaboration. For PSTA, the partnership has enabled the launch of the PSTA Mobility on Demand (MOD) service on the Spare platform which allows ADA-eligible riders to book on-demand transportation whenever and wherever they need it.

Browse the full report description of “Mobility on Demand Market Size, Share & Trends Analysis Report by Product Type (Sharing, and Renting), by Vehicle (Passenger Vehicle, Commercial Vehicle, and Other (Two wheelers, Air Transport)), by Booking (Online, and Offline), and by Commute (Intracity, and Intercity). Forecast Period (2024-2031).” at https://www.omrglobal.com/industry-reports/mobility-on-demand-market

Moreover, in May 2023, Valeo and DiDi Autonomous Driving announced a new strategic partnership and investment agreement. Valeo aims to invest in DiDi Autonomous Driving, and the two companies will collaborate to create intelligent safety solutions for L4 robotaxis. Valeo and DiDi Autonomous Driving will combine their expertise to provide passengers with safe, dependable, comfortable, and cost-effective autonomous driving services. By investing in DiDi Autonomous Driving, Valeo hopes to expand on this strategic alliance and support the long-term development of a vital actor in the future of autonomous driving.

Market Coverage  

• The market number available for 2023-2031 

• Base year: 2023 

• Forecast period: 2024-2031 

• Segment Covered- 

o By Type

o By Vehicle

o By Booking

o By Commute

• Regions Covered- 

o North America 

o Europe 

o Asia-Pacific 

o Rest of the World

• Competitive Landscape Includes- DiDi Global Inc., ANI Technologies Pvt. Ltd. (OLA), Via Transportation, Inc., Maxi Mobility S.L., and Uber Technologies, Inc., among others.

Key questions addressed by the report 

• What is the market's growth rate? 
• Which segment and region dominate the market in the base year? 
• Which segment and region will project the fastest growth in the market? 
• Who is the leader in the market? 
• How are players addressing challenges to sustain growth? 
• Where is the investment opportunity? 

Global Mobility on Demand Market Report Segment 

By Type

• Sharing
• Renting

By Vehicle

• Passenger Vehicles
• Commercial Vehicles
• Other (Two wheelers, Air Transport)

By Booking

• Online
• Offline

By Commute

• Intracity
• Intercity

Global Mobility on Demand Market Report Segment by Region 

North America 

• United States 

• Canada 

Europe

• UK 

• Germany 

• Italy 

• Spain 

• France 

• Rest of Europe 

Asia-Pacific 

• China 

• India 

• Japan 

• South Korea 

• Rest of Asia-Pacific 

Rest of the World 

• Latin America

• Middle East and Africa

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