The global B2C mobility sharing market size was US$ 35.49 billion in 2021. The global B2C mobility sharing market size is forecast to reach US$ 341.19 billion by 2030, growing at a compound annual growth rate (CAGR) of 29% during the forecast period from 2022 to 2030.
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B2C mobility sharing consists of vehicle sharing, ride-sharing, and ride-sourcing services provided directly to consumers by service providers. Usually, the service-providing companies own the vehicles used in this service. Providers charge according to the time or distance they need to travel to provide their services. In the transportation industry, sharing mobility is an emerging trend that has proven effective at increasing the number of passengers per vehicle and reducing the number of vehicles needed to transport several people.
Factors Influencing Market growth
Reduced vehicle ownership, the introduction of electric buses and batteries, technological advancements, and an increase in the demand for alternative transportation are all expected to boost the global market growth.
Technological advances in semi-autonomous and fully self-driving vehicles will generate new opportunities for the B2C mobility sharing market over the forecast period.
The regulations imposed by government authorities, along with strong opposition from local taxi companies and public transportation providers, may slow down the global B2C mobility sharing market.
Rising per capita income and vehicle ownership costs increase, consumers are looking for alternative modes of transportation, fueling the growth of the global B2C shared mobility industry.
Impact Analysis of COVID-19
The COVID-19 pandemic affected the global mobility industry severely. Mandatory lockdowns have reduced public mobility, especially in urban settings. Companies and individuals have restricted their travel to only critical needs in order to ensure their safety. This has resulted in substantial drops in the use of “shared mobility” services during the COVID-19 pandemic period. Thus, the COVID-19 pandemic had a negative impact on the global B2C mobility sharing market growth.
Regional Insights
North America accounted for the largest share in 2021. The popularity of ride-hailing services is increasing worldwide because of their ability to reduce the number of automobiles on the road, thereby reducing pollution and traffic congestion. In addition, several countries in North America suffer from major traffic congestion, resulting in significant emissions of greenhouse gases, causing a rise in global temperatures. Thus, regulatory authorities prioritize shared mobility services, especially ride-sharing services, which reduce pollution.
Asia Pacific is forecast to witness a high CAGR in the global market. Rising population and consumer base, reduced automobile ownership, higher per capita income, and rapid urbanization are contributing to the growth of the region’s market.
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Leading Competitors
The leading prominent companies profiled in the global B2C mobility sharing market are:
ANI Technologies Pvt. Limited
Avis Budget Group Incorporated
Beijing Xiaoju Technology Co Limited
Bolt
Cabify
Careem
Enterprise Holdings
Europcar Mobility Group
Grab Holdings Incorporated
The Hertz Corporation
Lyft Incorporated
Uber Technologies Incorporated
Other Prominent Players
Scope of the Report
The global B2C mobility sharing market segmentation focuses on Service Model, Vehicle, Level of Automation, and Region.
Segmentation based on Service Model
Car Sharing
Bike Sharing
Scooter Sharing
Ride-Hailing
Others
Segmentation based on Vehicle
Cars
Two Wheelers
Others
Segmentation based on Level of Automation
Semi-Automated Vehicle
Fully Automated Vehicle
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Table of Content:
Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix
B2C Mobility Sharing Market Research Report Scenario includes:
>The report provides qualitative and quantitative trends of global B2C Mobility Sharing Market across type, type of products, service, and geography.
>The report starts with the key takeaways, highlighting the key trends and outlook of the global B2C Mobility Sharing Market.
>Provides the research methodology of the study.
>Further provides PEST analysis for each region.
>Highlights the key industry dynamics in the B2C Mobility Sharing Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
>Discusses the global B2C Mobility Sharing Market scenario, in terms of historical market revenues, and forecast till the year 2031.
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