Summary
Major players in the B2C mobility sharing market are Ani Technologies Private Limited, Avis Budget Group, Beijing Xiaoju Technology Co Ltd., Bolt, Cabify, Careem, Enterprise Holdings, Europcar Mobility Group, Grab Holdings Inc., The Hertz Corporation, Lyft Inc., Uber Technologies Inc., DiDi Global, Car2go NA LLC, and Beijing Xiaoju Technology Co Ltd.
The global B2C mobility sharing market is expected to grow from $35.89 billion in 2022 to $44.73 billion in 2023 at a compound annual growth rate (CAGR) of 24.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The B2C mobility sharing market is expected to grow to $103.49 billion in 2027 at a CAGR of 23.3%.
The B2C mobility sharing market includes revenues earned by entities by providing transportation services such as vehicle-sharing and ride-sourcing.The market value includes the value of related goods sold by the service provider or included within the service offering.
Only goods and services traded between entities or sold to end consumers are included.
B2C mobility sharing refers to transportation services that are shared among users such as public transit, sharing car, and bike sharing.It also includes automobile-based modes of sharing such as car sharing and rides on demand.
These are used to provide transportation and ride-sharing services by the service-providing company in the B2C business model delivering directly to consumers.
North America was the largest region in the B2C mobility sharing market in 2022. The regions covered in the B2C mobility sharing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of service models in B2C mobility sharing market are car sharing, bike sharing, scooter sharing, ride-hailing, others.The car-sharing segment consists of sales of B2C mobility sharing that are used to provide public car-sharing services.
Car sharing services refer to automobile rental and transportation services that substitute private vehicle ownership and provide automated pick-up and drop-off procedures.The various types of vehicles include cars, two wheelers, other vehicle that have various level of automation including semi-automated vehicle, fully automated vehicle.
The different applications include short trips (5 km or less), medium and long distance (5-15 km), long-distance (more than 15 kilometres).
The rising connected vehicles is driving the growth of the B2C mobility sharing market going forward.Connected vehicles refer to motor vehicles empowered with internet access and a local area network that helps to communicate with other vehicles to enhance the consumer experience with the real-time interaction of the vehicles, and can be connected with smartphones to monitor the performance of the car.
In B2C mobility sharing, the connected vehicles help with constantly receiving and sending data to increase the vehicle’s security, live tracking of vehicles, and management of fleet to provide drivers and fleet owners seamless mobility service.For instance, in July 2021, according to the PYMNTS, a US-based agency for data, news, and insights on innovation in payments, approximately 45% of vehicles are equipped with intermediate and advanced connectivity.
Therefore, the rising connected vehicle and smartphone penetration is driving the growth of the B2C mobility sharing market.
Technological advancement is the key trend gaining popularity in the B2C mobility sharing market.Major companies operating in the market are focused on developing advanced mobility shared platforms to sustain their position in the market.
For instance, in August 2021, Greencell Mobility Private Limited, an India-based company operating an electric mobility player, announced deploying 3,250 electric businesses in three years as a part of the B2C business and launched 750 premium luxury AC e-buses in phase-1 intercity and inter-state transit routes in southern and western India. Electric Mobility-as-a-Service (eMaaS) offers cheaper non-polluting on-demand shared transportation, charging infrastructure, and enabling products for the e-mobility value chain.
In July 2022, Free2move, a France-based company operating in B2C mobility sharing acquired Share Now GmbH for an undisclosed amount.Through this acquisition, Free2move aims to expand its European and United States mobility hubs by leveraging sustainable, innovative, and flexible mobility.
Share Now GmbH is a Germany-based company operating in B2C mobility sharing.
The countries covered in the B2C mobility sharing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The B2C mobility report is one of a series of new reports that provides B2C mobility statistics, including B2C mobility industry global market size, regional shares, competitors with an B2C mobility share, detailed B2C mobility segments, market trends and opportunities, and any further data you may need to thrive in the B2C mobility industry. This B2C mobility market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
