Shared Mobility Market Business Opportunities in India

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India Shared Mobility Market Future Trends,
Prominent Players, Industry Impact and Forecast
by 2024
The Indian shared mobility market was valued at
630.7 million in 2018, which is projected to
reach 3,466.7 million by 2024, witnessing a CAGR
of 27.6 during the forecast period (2019
2024). Among service types, ride hailing service
dominated the market during the historical
period. Whereas, during the forecast period, the
Indian shared mobility market is expected to
witness the fastest growth in the two-wheeler
sharing category, owing to its easy availability,
time/route flexibility, and affordability
(marginal premium for travel with respect to
other forms of shared mobility). The Indian
shared mobility market is experiencing
substantial amount of investments from major
global investors. For instance, in June 2019, a
scooter rental company, WickedRide Adventure
Services Pvt. Ltd. (Bounce) received an
investment of 72.0 million in a fresh funding
round, which was led by B Capital Group and
Falcon Edge Capital. With this fund, the company
looks to expand out of Bengaluru into ten new
cities in the coming years. Additionally, with
this expansion, the company has planned to add
100,000 more scooters in its fleet in next 1218
months, with a focus on electric
scooters. Request to Get the Sample Report_at_
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e Geographical Analysis of India Shared Mobility
Market The south region held the largest share in
the Indian shared mobility market in 2018,
primarily due to the fact that the majority of
shared mobility service providers are present in
cities in south India, including Bengaluru,
Chennai, Hyderabad, and Visakhapatnam.
Additionally, the growing demand for car hailing
and rental services is boosting the market growth
in the region. Whereas, the north region is the
second-largest revenue generator in the market,
owing to the high demand for shared mobility
services among people, primarily for meeting
daily commuting and outstation travel
needs. Competitive Landscape of India Shared
Mobility Market The Indian shared mobility market
is consolidated in nature, with the top two
players, namely, ANI Technologies Pvt. Ltd. and
Uber Technologies Inc. accounted for more than
60 of the market share in 2018. ANI
Technologies Pvt. Ltd. (Ola) was the market
leader 2018, which was followed by Uber
Technologies Inc. (Uber), holding the second spot
in the market. Some of the other major players
operating in the Indian shared mobility market
include Zoomcar India Pvt. Ltd., Drivezy India
Travels Pvt. Ltd., Carzonrent India Pvt. Ltd.,
Vogo Automotive
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Pvt. Ltd., WickedRide Adventure Services Pvt.
Ltd., Royalbison Autorentals India Pvt. Ltd.,
Roppen Transportation Services Pvt. Ltd., Bashar
Technologies Pvt. Ltd., Meru Mobility Tech Pvt.
Ltd., Bycyshare Technologies Pvt. Ltd., Yulu
Bikes Pvt. Ltd., Motocruizer Technologies India
Pvt. Ltd., Comuto SA, and Mega Cabs Pvt. Ltd.