India Shared Mobility Market, Competitive Analysis and Growth Forecast Report 2021-2025 – Ongoing Technological Developments and Increasing Investor Investments – ResearchAndMarkets.com – QNT Press Release

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This “India Shared Mobility Market Research Report: By Service Type, Vehicle Type, Commuting Mode, End-use, Region – Competitive Analysis and Growth Forecast to 2025” report added to ResearchAndMarkets.com’s supply.

Opting for shared mobility is more cost-effective than buying a car and then maintaining it throughout its life cycle. This is why the Indian shared mobility market will witness a huge CAGR of 56.8% between 2020 and 2025.

At this rate, revenue from providing such services nationwide is expected to increase from $1,025.8 million in 2019 to $3,952.8 million in 2025.

Cost-effectiveness is a key driver for the shared mobility market in India, as most people living in cities are still not very wealthy and therefore cannot afford a car. With car sharing, people don’t have to pay for vehicles and fuel, regular repairs and maintenance, insurance and parking, as all these costs are covered by the service provider. Users only pay based on travel distance and time.

The shared mobility market in India has been hit hard due to the COVID-19 pandemic. Offices and manufacturing plants were closed due to the lockdown and movement restrictions imposed in the country last year. This leads to…

The full story is available on Benzinga.com

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