Introduction
Shared mobility services, also known as collaborative mobility or
on-demand transportation, have become increasingly popular in recent years as a
way to address the challenges of traditional car ownership and urban
transportation. The market
for shared mobility services has grown rapidly in recent years, driven by
factors such as increasing urbanization, a growing demand for convenient and
affordable transportation options, and advances in technology that have made it
easier to offer shared mobility services. The shared mobility services market
is expected to continue to grow in the coming years, driven by factors such as
increasing urbanization, growing demand for convenient and affordable
transportation options, and advances in technology. As the market continues to
evolve, it will be important for transportation providers and city officials to
work together to address the challenges and capitalize on the opportunities
presented by shared mobility services.
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Saudi Arabia is expected to grow at a
significant CAGR during the forecast period
Saudi Arabia is anticipated to hold a significant share of the market
in the forecasted year as the region is experiencing significant growth in
urbanization, which is leading to an increase in the demand for convenient and
efficient transportation options. Additionally, the adoption of smartphones in
the Saudi Arabia region has been growing rapidly, and this has facilitated the
growth of the ride-hailing market. Smartphones enable users to easily book
rides, track the location of vehicles, and make payments. Also, the Saudi
Arabia government has been supportive of the growth of the ride-hailing market
and has introduced several policies and regulations to promote the adoption of
shared mobility services. For example, the government has introduced a
regulatory framework for ride-hailing companies, and has offered incentives for
the adoption of electric and hybrid vehicles.
Increasing Urbanization
In many MENA countries, urbanization is driven by economic growth, population growth, and government policies. For example, in countries such as Saudi Arabia and the United Arab Emirates, urbanization is driven by government policies aimed at diversifying the economy and attracting foreign investment. In other countries, such as Egypt and Morocco, urbanization is driven by population growth and increasing urbanization. Like in other regions, shared mobility services such as ride-sharing and car-sharing are becoming increasingly popular in MENA countries as a way to address the challenges of urban transportation. These services are helping to reduce traffic congestion, improve air quality, and provide a more flexible and convenient transportation option for urban residents. As the market continues to evolve, it will be important for transportation providers and government officials to work together to address the challenges and capitalize on the opportunities presented by shared mobility services.
Conclusion
The shared mobility services market is a
rapidly growing industry that is transforming the way people travel and
commute. Shared mobility services such as ride-sharing, car-sharing, bike-sharing,
and scooter-sharing are providing an affordable, convenient, and eco-friendly
transportation option for urban residents. As the market continues to evolve,
it will be important to stay informed about the latest trends and developments
and to capitalize on the opportunities presented by shared mobility services. According
to the UnivDatos Market Insights analysis, “MENA
Shared Mobility Services Market” report, the global market was valued at
USD 20.9 Billion in 2022, growing at a CAGR of 17.6% during the forecast period
from 2023 - 2030 to reach USD XX billion by 2030.
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