Shared Vehicles Market is segmented By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), By Application (Body S....
Market Size in USD
CAGR14.67%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 14.67% |
Market Concentration | Medium |
Major Players | Daimler AG, SIXT SE, Avis Budget Group Inc., Hertz Global Holdings, Inc., Europcar Mobility Group SA |
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.