B2B Mobility Sharing Market: Global Industry Analysis, Trends, and Forecast (2023-2029)

Global B2B Mobility Sharing market size was estimated at USD 42.74 Bn in 2022. It is expected to grow at a CAGR of 16.95% from 2023 to 2029.
B2B Mobility Sharing Market Overview:
Business to business car sharing is a sort of car sharing that enables commercial businesses to reduce or remove their vehicle fleets, which are traditionally used for business purposes. B2B mobility sharing allows businesses to share their mobility (vehicle) services with other businesses to reduce car parking space, fleet size, and pollution. Business-to-business mobility sharing allows companies to share car services among their employees, reducing traffic congestion and vehicle emissions.To know about the Research Methodology :- Request Free Sample Report
Market Dynamics:
A crucial element boosting the B2B mobility sharing market is an increase in demand for ride-sharing services, even as car parks become scarce. Businesses use car-sharing services to get back and forth with their staff regularly, reducing travel time and saving money on parking. During the forecast period, the B2B mobility sharing market is anticipated to be driven by rising per capita income and increased service provider flexibility.

Initiatives by the government:

Almost every country's government cares about population growth, which could have serious effects on ecosystems. Governments encourage individuals to use vehicles and other forms of transportation as little as possible. Furthermore, one of the administration's important ideas to encourage people to pick shared rides over personal trips is to share rides among families, relatives, and friends, which is expected to stimulate the expansion of the B2B Mobility Shared Market.

Consumers prefer affordable & luxury modes of transportation to individual driving. Furthermore, clients who previously rented a personal driver for their vehicle because it was more cost-effective have altered their preferences to using shared transportation. As a result, these initiatives are expected to propel the global B2B Mobility Shared Market forward over the forecast period. Alarmism about the environment and efficient modes of transportation is on the rise.
Absence of preference in traveling with strange persons:

The market for B2B Mobility Sharing has certain restraints that could stymie its potential growth, like a lack of enthusiasm for traveling with strangers while sharing transportation, as well as rising concerns about data theft, whereas the responsibility of taking a longer common path because of sharing transportation has the potential to stymie the market's growth in the forecast timeframe.
COVID19's Impact on the B2B Mobility Sharing Market:
The worldwide supply chains have been damaged by the closure of numerous industries & plants due to COVID-19, which has had a negative impact on manufacturing, delivery schedules, & sales of items in the global market. The mobility of individuals has been restricted in several countries around the world since the shutdown was imposed. Furthermore, if possible, the corporation allowed its employees to work from home. These characteristics have suffocated the market to a significant extent. Nonetheless, the B2B industry is likely to grow globally following the pandemic.
Industry Development Factors:

As traffic congestion worsens, the market for shared mobility is gaining traction. According to an MMR Report study, travel times in Mexico Metropolis during peak traffic are 52 % higher in the year 2021, making this the most congested city in North America. Although this figure refers to extra average travel time during the day, traveling during peak evening hours takes 87 % longer on average. On the West Coast, Los Angeles and Vancouver are the most congested cities in the U.S & Canada, respectively. An increase in demand for ride-sharing services, along with a loss in parking space, is driving the industry. Car-sharing systems are used by businesses to commute their employees daily, decreasing fleet time and parking costs.

Furthermore, governments in Europe & North America have enacted strict pollution control regulations, incentives provided by the US government to use car-sharing, automobile manufacturers in Germany are increasing their investments in car sharing, and heavy traffic congestion and pollution in China are driving people to choose urban mobility. The absence of suitable public transit infrastructure in India, as well as shifting restrictions in Malaysia and Singapore, are important drivers of industry expansion. Furthermore, consumers are choosing ride-sharing due to lower travel costs. The industry is also being aided by an increase in the usage of vehicles equipped with modern technologies.

People can employ solutions that allow users to share a range of forms of transportation due to rising automobile ownership costs. Furthermore, solutions enable users to make real-time reservations, changes, and cancellations. Especially in growing economies such As India & Mexico, ride-hailing services are commonly used. Over the forecast timeline, a lack of knowledge regarding the benefits of such application services may stymie market expansion. Furthermore, in the case of ride-sharing, people are afraid to share their cars with strangers, resulting in a decline in the number of vehicles participating in the segment.

Regional Overview:

The B2B Mobility Sharing Market is divided into 5 primary segments based on the geographical study. North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa are among them. Because of strict environmental regulations, North America leads the B2B Mobility Sharing Market. The strong market share of North America throughout the world is due to a combination of high disposable income and a significant number of adopters in the region. In the worldwide B2B Mobility Sharing market, Europe is considered to be the second-largest market.

Poor connectivity and high costs connected with internet technology growth are also impeding the market from reaching its maximum potential in some low-income countries in the Middle East and Africa. Various government measures encouraging resource sharing are attempting to restructure the industry. The European Commission, for example, and government bodies like the Center on Regulatory in Europe (CERRE), have begun to offer incentives to vehicle owners to encourage the usage of these services. As a result, several factors have contributed to the market's growth in recent years and thus are anticipated to continue indefinitely.

The objective of the report is to present a comprehensive analysis of the Global B2B Mobility Sharing Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global B2B Mobility Sharing Market dynamics, structure by analyzing the Market segments and projecting the Global B2B Mobility Sharing Market size. Clear representation of competitive analysis of key players by Service Type, price, financial position, Service Type portfolio, growth strategies, and regional presence in the Global B2B Mobility Sharing Market make the report investor’s guide.
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B2B Mobility Sharing Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2022-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $42.74 Bn


Forecast Period 2022 to 2029 CAGR:
16.95 %
Market Size in 2029:
US $127.89 Bn


 Segments Covered:
by Service Type
Goods Transportation
Passenger Transportation


by Type
Ridesharing
Ride sourcing
Leasing car



B2B Mobility Sharing Market by region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
South America (Brazil, Argetina and Rest of South America)
B2B Mobility Sharing Market Key Players
1. Ola
2. Zipcar
3. DriveNow
4. Zoomcar
5. Car2go
6. ParkatmyHouse
7. Lyft
8. Sixt
9. Spinlister
10. Uber
11. Drivezy
12. Volercars
13. SKedGo Pty Ltd
14. Tanzer
15. Rapido
16. Jenzabar.

Frequently Asked Questions:

1. Which region has the largest share in Global B2B Mobility Sharing Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global B2B Mobility Sharing Market?
Ans: The Global B2B Mobility Sharing Market is growing at a CAGR of 16.95% during forecasting period 2023-2029.

3. What is scope of the Global B2B Mobility Sharing market report?
Ans: Global B2B Mobility Sharing Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global B2B Mobility Sharing market?
Ans: The important key players in the Global B2B Mobility Sharing Market are – Ola, Zipcar, DriveNow, Zoomcar, Car2go, ParkatmyHouse, Lyft, Sixt, Spinlister, Uber, Drivezy, Volercars, SKedGo Pty Ltd, Tanzer, Rapido, and Jenzabar.

5. What is the study period of this market?
Ans: The Global B2B Mobility Sharing Market is studied from 2022 to 2029.