Passenger Cars Shared Mobility Market Report: USD 93 Billion Valuation and Robust {10.7%} CAGR
The global passenger cars shared mobility market stood at USD 93 billion in 2022 and is poised for robust expansion, with a projected compound annual growth rate (CAGR) of 10.7% during the forecast period from 2024 to 2028, according to TechSci Research. This growth reflects a significant shift in urban transportation paradigms, driven by a blend of technological innovation, environmental awareness, and evolving consumer behavior. Shared mobility, which offers access to vehicles on-demand through digital platforms, is increasingly displacing traditional car ownership, especially in metropolitan regions where congestion, parking shortages, and pollution present growing challenges. The sector has evolved into a vital pillar of smart urban mobility, addressing transportation needs while reducing environmental impact. As stakeholders across public and private sectors work collaboratively to develop sustainable solutions, shared mobility services are becoming more...