The escalating road congestion levels, especially in the urban areas, is a major factor responsible for the increasing demand for shared mobility solutions in India. The increasing population levels in several cities of the country has contributed significantly toward the huge population of daily commuters all over the country. This is one of the biggest factors driving the progress of the Indian shared mobility market. The regulatory bodies and governments in the various urban cities such as Mumbai, Bengaluru, and Delhi and National Capital Region (NCR) are increasingly implementing policies and measures for encouraging the adoption of shared mobility services.
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The other major factor fuelling the surge of the Indian shared mobility market is the greater cost-effectiveness and convenience offered by the shared mobility solutions and services as compared to the private vehicles. Owning a personal vehicle requires huge investments, mainly in the form of parking expenses, vehicle costs, insurance costs, and maintenance charges, owing to which, the people are increasingly preferring to avail the services of shared mobility solutions. Moreover, owing to the increasing smartphone usage and rising internet penetration in India, the users can easily book these services with the help of mobile applications.
Therefore, it can be concluded that the adoption of shared mobility solutions will increase considerably in India in the coming years, owing to the increasing road congestion in urban areas across the country and the greater convenience offered by these services as compared to the private vehicles.
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Market Segmentation by Service Type
- Two-Wheeler Sharing
- Ride Sharing
- Ride Hailing
- Car Rental
- Bus/Shuttle Service
Market Segmentation by Vehicle Type
Market Segmentation by Commuting Pattern
- Daily Commuting
- Last-Mile Connectivity
- Occasional Commuting
Market Segmentation by End Use
Market Segmentation by Region