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B2C Mobility Sharing Market Size, Share Analysis, Top Players, And Forecast To 2033
B2C Mobility Sharing Market Share
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According to The Business Research Company's, The b2c mobility sharing market size has grown exponentially in recent years. It will grow from $44.11 billion in 2023 to $54.84 billion in 2024 at a compound annual growth rate (CAGR) of 24.3%. The growth in the historic period can be attributed to urbanization and population density, rising traffic congestion, environmental concerns, smartphone penetration, changing consumer preferences, government support and regulations, cost savings for consumers.
The b2c mobility sharing market size is expected to see exponential growth in the next few years. It will grow to $125.01 billion in 2028 at a compound annual growth rate (CAGR) of 22.9%. The growth in the forecast period can be attributed to dynamic pricing strategies, personalization and customer loyalty programs, climate change mitigation goals, focus on inclusive accessibility, emergence of new business model, data-driven decision making. Major trends in the forecast period include expansion of micro-mobility services, integration of multiple mobility modes, contactless payments and digital wallets, integration with public transit, innovations in accessibility.
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Market Drivers and Trends:
The increasing smartphone penetration is expected to propel the growth of the B2C mobility sharing market going forward. A smartphone is a multifunctional electronic device that combines the capabilities of a mobile phone with those of a personal computer. Smartphones offers a host of advantages, including convenience, cost savings, environmental benefits, and improved accessibility, making it a valuable tool for modern transportation needs. For instance, in March 2023, according to a report published by Cybercrew, a UK-based developing and providing cybersecurity solutions for businesses of all sizes, the percentage of UK households using smartphones reached 91.43% in 2021. This percentage is projected to increase to 93.8% in 2026. Therefore, the increasing 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.
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Major Key Players of the Market:
Ani Technologies Private Limited, 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., Lime Chemicals Ltd., Apache Software Foundation, 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
B2C Mobility Sharing Market 2024 Key Insights:
• The b2c mobility sharing market size is expected to see exponential growth in the next few years. It will grow to $125.01 billion in 2028 at a compound annual growth rate (CAGR) of 22.9%.
• Rising Connected Vehicles Drives The B2C Mobility Sharing Market
• Revolutionizing Urban Mobility Through The Rise Of Electric Mobility-As-A-Service (EMAAS) In B2C Markets
• North America was the largest region in the B2C mobility sharing market in 2023
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