What Has Been the Growth Trajectory for the B2C Mobility Sharing Market in Recent Years?
The b2c mobility sharing market has seen considerable growth due to a variety of factors.
• The market scale of B2C mobility sharing has seen an enormous expansion in the last few years. The projected growth from $54 billion in 2024 to $66.88 billion in 2025, represents a compound annual growth rate (CAGR) of 23.8%. This significant growth during the historic period could be linked to factors such as urbanization and population density, escalating traffic problems, environmental issues, widespread use of smartphones, evolving consumer tastes, government backing and regulations, and potential cost savings for customers.
What Is The Expected Growth In The B2C Mobility Sharing Market Size?
The B2C Mobility Sharing market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of B2C mobility sharing is anticipated to experience a significant increase in the forthcoming years, potentially reaching $152.26 billion in 2029 with a compound annual growth rate of 22.8%.
This predicted growth during the forecast period can be linked to a series of factors including innovative pricing strategies, personalised services along with customer loyalty schemes, objectives related to minimising climate change effects, a commitment to comprehensive accessibility, and the advent of fresh business models rooted in data-driven decision-making. The projected period will witness essential trends such as the proliferation of micro-mobility services, a fusion of various mobility modes, the adoption of contactless payments and digital wallets, synchronization with public transportation, and breakthroughs in accessibility.
What Main Forces Are Fueling Expansion In The B2C Mobility Sharing Market?
The B2C mobility sharing market is experiencing growth generated by the ascendancy of connected vehicles. These are motor vehicles enabled with internet access and a local area network that encourages communication with other cars to improve the user experience through real-time interaction. These vehicles can also sync with smartphones to relay their performance. Within B2C mobility sharing, these connected vehicles provide constant data transmission and reception to enhance security, provide live vehicle tracing, and facilitate fleet management, providing a smooth service for both drivers and fleet owners. The Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association, reported in February 2024 that Britain celebrated the integration of its one-millionth battery-electric connected car (BEV) on the roads, aligning with a noticeable 8.2% growth in the new car market during January 2024. There were 20,935 BEV registrations in January 2024, representing a substantial 21.0% surge compared to the preceding year. Thus, the increased penetration of connected vehicles and smartphones is propelling the growth of the B2C mobility sharing market.
What Are The Primary Segments In The Global B2C Mobility Sharing Market?
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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Which Key Trends Are Driving Changes In The B2C Mobility Sharing Market?
The key trend emerging in the B2C mobility sharing market is technological innovation. Prominent companies within the market are concentrating on the creation of electric two- and three-wheelers to maintain their market standing. For example, KINETIC GREEN ENERGY AND POWER SOLUTIONS LIMITED, a firm based in India that specializes in electric vehicles and renewable energy solutions, rolled out eLuna in September 2022. This cutting-edge vehicle is custom-built to satisfy the increasing need for eco-friendly urban mobility. It offers a fusion of aesthetics, efficacy, and state-of-the-art technology. The eLuna is characterized by its light build and a robust lithium-ion battery, ensuring remarkable range and efficiency on urban roads.
Who Are the Key Players In The B2C Mobility Sharing Market?
Major companies operating in the B2C mobility sharing market include:
• 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 Is The Most Dominant Region 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.
