The Business Research Company’s report on the B2C Mobility Sharing Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the b2c mobility sharing market’s growth in recent years?
The rising connected vehicles is driving the growth of the B2C mobility sharing market going forward. Connected vehicles refer to motor vehicles empowered with internet access and a local area network that helps to communicate with other vehicles to enhance the consumer experience with the real-time interaction of the vehicles, and can be connected with smartphones to monitor the performance of the car. In B2C mobility sharing, the connected vehicles help with constantly receiving and sending data to increase the vehicle’s security, live tracking of vehicles, and management of fleet to provide drivers and fleet owners seamless mobility service. For instance, in February 2024, according to the Society of Motor Manufacturers and Traders (SMMT) a UK-based trade association, the milestone of Britain’s one-millionth battery electric connected car (BEV) being introduced onto the roads was achieved, coinciding with a notable growth of 8.2% in the new car market during January 2024. Specifically, the registration of 20,935 BEVs in January 2024 represented a significant increase of 21.0%, compared to the previous year. Therefore, the rising connected vehicle and smartphone penetration is driving the growth of the B2C mobility sharing market.
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How does the future projection of the b2c mobility sharing market size compare to its historical growth?
The B2C mobility sharing market size has grown exponentially in recent years. It will grow from $54 billion in 2024 to $66.88 billion in 2025 at a compound annual growth rate (CAGR) of 23.8%. The growth in the historic period can be attributed to urbanization and population density, rising traffic congestion, environmental concerns, smartphone penetration, changing consumer preferences, government support and regulations, cost savings for consumers.
The B2C mobility sharing market size is expected to see exponential growth in the next few years. It will grow to $152.26 billion in 2029 at a compound annual growth rate (CAGR) of 22.8%. The growth in the forecast period can be attributed to dynamic pricing strategies, personalization and customer loyalty programs, climate change mitigation goals, focus on inclusive accessibility, emergence of new business model, data-driven decision making. Major trends in the forecast period include expansion of micro-mobility services, integration of multiple mobility modes, contactless payments and digital wallets, integration with public transit, innovations in accessibility.
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Which key players are shaping the future of the b2c mobility sharing market?
Major companies operating in the B2C mobility sharing market are Avis Budget Group Inc., Beijing Xiaoju Technology Co. Ltd., Bolt Technology OÜ, Cabify SA, Careem Networks LLC, Enterprise Holdings Inc., Europcar Group SA, Grab Holdings Inc., The Hertz Corporation, Lyft Inc., Uber Technologies Inc., Didi Chuxing Technology Co., Car2go NA LLC, DriveNow GmbH & Co. KG, Free2Move Holding AB, Getaround Inc., Modo Co-operative, Mobility Cooperative, Mobility Mixx BV, Our Car Ltd., Poppy Mobility NV, Ridecell Inc., Scoot Networks Inc., Sixt SE, Ford Smart Mobility, TIER Mobility GmbH, Voi Technology AB, Whim by MaaS Global, Zipcar Inc., Zoomcar India Pvt Ltd., Cityhop, Evo Car Share
What trends will propel the growth and evolution of the b2c mobility sharing market?
Technological advancement is the key trend gaining popularity in the B2C mobility sharing market. Major companies operating in the market are focused on developing electric two- and three-wheeler to sustain their position in the market. For instance, in September 2022, KINETIC GREEN ENERGY AND POWER SOLUTIONS LIMITED, an India-based company electric vehicles and renewable energy solutions, launched eLuna. This innovative vehicle is designed to cater to the growing demand for sustainable urban mobility, offering a blend of style, efficiency, and advanced technology. The eLuna features a lightweight design and a high-capacity lithium-ion battery, providing impressive range and performance on city roads.
Which regions are expected to become dominant players in the b2c mobility sharing market?
North America was the largest region in the B2C mobility sharing market in 2024. The regions covered in the B2C mobility sharing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the b2c mobility sharing market, and how are they evolving?
The B2C mobility sharing market covered in this report is segmented –
1) By Service Model: Car Sharing, Bike Sharing, Scooter Sharing, Ride-Hailing, Other Service Model
2) By Vehicle: Cars, Two Wheelers, Other Vehicle
3) By Level of Automation: Semi-Automated Vehicle, Fully Automated Vehicle
4) By Application: Short Trips (5 Km or Less), Medium And Long Distance (5-15 Km), Long-distance(More Than 15 Kilometers)
Subsegments:
1) By Car Sharing: Peer-To-Peer Car Sharing, Traditional Car Sharing, One-Way Car Sharing
2) By Bike Sharing: Traditional Bike Sharing, Electric Bike Sharing
3) By Scooter Sharing: Electric Scooter Sharing, Manual Scooter Sharing
4) By Ride-Hailing: App-Based Ride-Hailing, Taxi Aggregator Services
5) By Other Service Model: Shuttle Services, Van Pooling, Carpooling Services
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What defines the structure and scope of the b2c mobility sharing market?
B2C mobility sharing refers to Transport & Logisticsation services that are shared among users, such as public transit, car sharing, and bike sharing. It also includes automobile-based modes of sharing, such as car sharing and rides on demand. These are used to provide Transport & Logisticsation and ride-sharing services by the service-providing company in the B2C business model delivering directly to consumers.
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