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What Is the B2C Mobility Sharing Market Outlook from 2025 to 2029?
The value of the B2C mobility sharing market has surged in the past few years. The size of the market is projected to rise from $54 billion in 2024 to $66.46 billion in 2025, experiencing a significant compound annual growth rate (CAGR) of 23.1%.
The remarkable growth in the historical period is influenced by factors like urbanization, increased population density, growing traffic issues, environmental considerations, smartphone usage proliferation, evolving consumer behavior, governmental support and regulations and the opportunity of cost reductions for consumers.
The market size for b2c mobility sharing is anticipated to witness significant expansion over the following years. The market is predicted to hit $150.62 billion by 2029, with a compound annual growth rate (CAGR) of 22.7%.
Factors contributing to this growth during the forecast period include dynamic pricing strategies, customer-focused loyalty programs, goals to combat climate change, emphasis on comprehensive accessibility, the rise of new business models, and data-driven strategic decision making. Key trends predicted for the forecast period include the development of micro-mobility services, the merging of various mobility modes, the use of contactless payment methods and digital wallets, collaboration with public transportation systems, and advancements in accessibility.
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What Are the Main Factors Driving the B2C Mobility Sharing Market Across Key Regions?
The expansion of the B2C mobility sharing market is being fueled by the growth of connected vehicles. These are motor vehicles that possess internet access and a local area network, enabling them to communicate with other vehicles.
This enhances the consumer experience wit real-time interaction and connectivity with smartphones to track the car’s performance. In the B2C mobility sharing context, these connected vehicles enhance security, facilitate live vehicle tracking, and manage fleet operations to provide smooth mobility services to drivers and fleet owners.
For instance, the Society of Motor Manufacturers and Traders (SMMT), a UK trade association, reported that Britain’s one-millionth battery electric connected car (BEV) hit the streets in February 2024.
This coincided with a marked 8.2% growth in the new car market in January 2024.
Particularly, the registration of 20,935 BEVs in January 2024 marked a significant year-on-year increase of 21.0%. Hence, the growth of the B2C mobility sharing market is being spurred by the proliferation of connected vehicles and smartphones.
What Are the Primary Segments Analyzed in the B2C Mobility Sharing Market Report?
The b2c mobility sharingmarket 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 Are the Major Trends Expected to Shape the B2C Mobility Sharing Market by 2029?
The primary trend gaining traction in the B2C mobility sharing market is technological innovation. Several leading companies in the market are focusing on the creation of electric two- and three-wheeler vehicles to maintain their market position.
For example, KINETIC GREEN ENERGY AND POWER SOLUTIONS LIMITED, a corporation based in India specializing in electric vehicles and renewable energy solutions, unveiled the eLuna in September 2022. This groundbreaking vehicle was developed to meet the rising need for sustainable urban mobility, offering a hybrid of style, efficacy, and cutting-edge technology.
The eLuna boasts a lightweight structure and a high-capacity lithium-ion battery, resulting in remarkable range and city road performance.
Which Are the Top Companies Holding the Largest B2C Mobility Sharing Market Share?
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
Where Is the B2C Mobility Sharing Market Growing the Fastest Globally?
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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