Latest Market Research Report 2025

  The global  shared vehicles market  size was estimated to reach USD 328.2 billion by 2028, registering a CAGR of 14.4% during the forecast period, according to a new report by Grand View Research, Inc. The growing demand for shared vehicles due to their flexibility, time efficiency, and convenience are some of the key factors that drive the growth of the shared vehicles market.   In addition, the reduction in maintenance cost and availability of personalized and high-quality travel options for those who do not own personal vehicles is also driving the shared vehicles market. The presence or availability of other various travel modes at low or convenient prices is hindering market growth. Most of the key players operating in the shared vehicles market are adopting partnership strategies to capture maximum global market share. The COVID-19 pandemic has negatively impacted the shared vehicles market. The market witnessed a major decline due to the global lockdown, imp...

  Shared Vehicles Industry Overview The global  shared vehicles marke t  size was estimated to reach USD 328.2 billion by 2028, registering a CAGR of 14.4% during the forecast period, according to a new report by Grand View Research, Inc. The growing demand for shared vehicles due to their flexibility, time efficiency, and convenience are some of the key factors that drive the growth of the shared vehicles market.   Shared Vehicles Market Segmentation Grand View Research has segmented the global shared vehicles market based on the service, and region:   Based on the Service Insights the market is segmented into Car Rental, Bike Sharing, Car Sharing The car rental segment dominated the market and contributed a revenue share of more than 90.0% in 2021. It is forecast to expand at a CAGR of 14.4% from 2022 to 2028. In car rental service, vehicles are supplied by the professional providers of the rental car intended for personal use, and the rent for the s...