B2C Mobility Sharing Market: Global Industry Analysis and Forecast (2023-2029)

B2C Mobility Sharing Market size was estimated at USD 59.15 Bn. in 2022. It is expected to grow at a CAGR of 30% from 2023 to 2029.
B2C Mobility Sharing Market Overview:
B2C mobility sharing services include vehicle share, ride-hailing, & ride-sourcing, which are given directly to consumers by the provider. The vehicles utilized in this service are owned by the service providers. The services provided are determined by the number of days or distance covered. Sharing mobility is a novel mode of transportation that has been shown to increase average car occupancy and reduce the number of vehicles required to transport multiple customers.

Thanks to rapidly growing automotive sales, the shared mobility industry has a great potential for growth over the forecast period of 2023 to 2029. Also, expanding connected vehicles and penetration of smartphones, as well as increased on-road vehicle traffic and fuel prices, are all affecting the shared mobility market's growth. Another factor driving the expansion of the shared mobility industry is the increased per capita income and the increasing costs of vehicle ownership, which is prompting consumers to look for alternate modes of transportation. Providers often own/lease and manage many vehicles in B2C service models, and users pay the subscription and/or use fees to use these vehicles.

Shared mobility is a form of transportation service in which businesses provide commercial cars to people who need to travel from one location to another. Owners of various commercial cars donate their fleets to an organization, which then makes these vehicles available for ride-sharing, hiring, and mobility. Because of the constantly expanding automotive sales, the shared mobility industry has a significant potential to grow so over the forecast period of 2023 through 2029.

Furthermore, the growing use of linked vehicles and smartphones, as well as increased on-road traffic and fuel costs, are all affecting the expansion of the shared mobility sector. Another driver boosting the growth of the shared mobility market is the increased per capita income as well as the increasing costs of vehicle ownership, which is encouraging people to choose another option to solve their transportation problems. In addition, during the forecast period, the creation of alternate mobility modes for reducing traffic congestion and greenhouse gas (GHG) emissions is expected to expand significantly.

However, the market for shared mobility has a few limitations that might stymie its potential growth, such as a lack of preference for traveling with strangers while sharing transportation, as well as growing concerns about the theft of private information, and the requirement of taking a longer popular route because of able to share transportation, all of which have the potential to stymie this same market's growth in the above-mentioned ways. Moreover, in the forecast period of 2023 to 2029, the strong growth of the automobile industry and the growth of a coordinated effectively within the transportation industry, as well as greater government initiatives to encourage the growth of such alternatives to reduce traffic congestion on roads, will provide a variety of growth opportunities for the shared mobility market.
B2C Mobility Sharing Market Snapshot
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B2C Mobility Sharing Market COVID-19 Impact:
Aerospace & defense, electronics, banking, financial services, & insurance, among other industries, have all been affected by the COVID-19 pandemic. COVID-19 has had an impact on the B2C Mobility Sharing Market in general, & the growth rate has been impacted in 2019-2020 as the impact of COVID-19 has spread. Our report's recent study, viewpoints, & bits of knowledge on administration are critical to organizations & associations about the B2C Mobility Sharing Market, which is driving through the COVID-19 emergency to oversee risk digitizing tasks to convey trusted data & encounters to the chiefs.
The market's expansion is expected to be hampered by the lack of community taxi and transportation services.

During the forecast period, the public's preference for local cab and transportation services is projected to stifle industry expansion. The market is further restrained by the strong opposition of these local taxi and transportation providers. During the forecast period, the lack of B2C mobility solutions in non-urban areas is expected to stymie market expansion.

New opportunities are forecast to emerge as the demand for cost-effective transportation solutions grows:

During the forecast period, the market is expected to see new opportunities as demand for shared mobility services with cost-effective transportation grows. During the forecast period, increasing technical improvement in semi-automated and fully automated or self-driving vehicles is expected to create new opportunities for the B2C mobility sharing market. Over the forecast period, government support for the usage of an electric car for shared mobility is expected to generate new opportunities for the market.

Vehicle Type Overview:

During the projection period, the increasing desire for comfortable and safe journeys is expected to push the automobile sector's demand. Mobility sharing with a car is an efficient mode of commuting and transportation inside the city. Over the forecast period, the rising popularity of automatic or self-driving automobiles is likely to drive market growth. Using a car for mobility sharing is a cost-effective alternative to taking a cab or taking a bus.

The objective of the report is to present a comprehensive analysis of the Global B2C 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 B2C Mobility Sharing Market dynamics, structure by analyzing the Market segments and projecting the Global B2C Mobility Sharing Market size. Clear representation of competitive analysis of key players by Service Model, price, financial position, Service Model portfolio, growth strategies, and regional presence in the Global B2C Mobility Sharing Market make the report investor’s guide.
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Global B2C Mobility Sharing Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 59.12 Bn.


Forecast Period 2023 to 2029 CAGR:
30%
Market Size in 2029:
US $ 371.15 Bn.


 Segments Covered:
by Service Model
Staple
Filament


by Vehicle Type
Apparel
Household Furnishing
Industrial
Others



B2C Mobility Sharing Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
B2C Mobility Sharing Market Key Players
1. Uber Technologies Inc.
2. ANI Technologies Pvt. Ltd. (OLA)
3. Lyft Inc.
4. Grab
5. Careem
6. Taxify OÜ
7. Beijing Xiaoju Technology Co Ltd. (Didi Chuxing)
8. Cabify
9. Europcar
10. The Hertz Corporation
11. Avis Budget Group Inc.
12. Enterprise Holdings Inc.

Frequently Asked Questions:

1. Which region has the largest share in Global B2C Mobility Sharing Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global B2C Mobility Sharing Market?
Ans: The Global B2C Mobility Sharing Market is growing at a CAGR of 30% during forecasting period 2023-2029.

3. What is scope of the Global B2C Mobility Sharing Market report?
Ans: Global B2C 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 B2C Mobility Sharing Market?
Ans: The important key players in the Global B2C Mobility Sharing Market are – Uber Technologies Inc., ANI Technologies Pvt. Ltd. (OLA), Lyft Inc., Grab, Careem, Taxify OÜ, Beijing Xiaoju Technology Co Ltd. (Didi Chuxing), Cabify, Europcar, The Hertz Corporation, Avis Budget Group Inc., and Enterprise Holdings Inc.

5. What is the study period of this Market?
Ans: The Global B2C Mobility Sharing Market is studied from 2022 to 2029.