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India Shared Mobility Market Share Analysis and Growth Forecast to 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 (2019u20132024).

Rahul_Gautam
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India Shared Mobility Market Share Analysis and Growth Forecast to 2024

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  1. India Shared Mobility Market Future Trends, Prominent Players, Industry Impact and Forecast by2024 The Indian shared mobility marketwas 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 12–18 months, with a focus on electricscooters. Request to Get the Sample Report@ https://www.psmarketresearch.com/market- analysis/india-shared-mobility-market/report-sample Geographical Analysis of India Shared MobilityMarket 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 travelneeds. Competitive Landscape of India Shared MobilityMarket 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 themarket. 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., VogoAutomotive

  2. 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.

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