Shared Vehicles Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Shared Vehicles Market is segmented By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), By Application (Body S....

Shared Vehicles Market Size

Market Size in USD

CAGR14.67%

Study Period2024 - 2031
Base Year of Estimation2023
CAGR14.67%
Market ConcentrationMedium
Major PlayersDaimler AG, SIXT SE, Avis Budget Group Inc., Hertz Global Holdings, Inc., Europcar Mobility Group SA
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Shared Vehicles Market Analysis

The shared vehicles market is estimated to be valued at USD 170.97 Bn in 2024 and is expected to reach USD 445.6 Bn by 2031, growing at a compound annual growth rate (CAGR) of 14.67% from 2024 to 2031. The shared vehicles market is expected to witness significant growth with rising fuel costs and concerns around emissions.