Global B2C Mobility Sharing Market Share to Reach $152.3 Billion by 2029, Growing at 23% CAGR

How Are the key drivers contributing to the expansion of the b2c mobility sharing market?
The B2C mobility sharing market is experiencing growth generated by the ascendancy of connected vehicles. These are motor vehicles enabled with internet access and a local area network that encourages communication with other cars to improve the user experience through real-time interaction. These vehicles can also sync with smartphones to relay their performance. Within B2C mobility sharing, these connected vehicles provide constant data transmission and reception to enhance security, provide live vehicle tracing, and facilitate fleet management, providing a smooth service for both drivers and fleet owners. The Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association, reported in February 2024 that Britain celebrated the integration of its one-millionth battery-electric connected car (BEV) on the roads, aligning with a noticeable 8.2% growth in the new car market during January 2024. There were 20,935 BEV registrations in January 2024, representing a substantial 21.0% surge compared to the preceding year. Thus, the increased penetration of connected vehicles and smartphones is propelling the growth of the B2C mobility sharing market.

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What growth opportunities are expected to drive the b2c mobility sharing market's CAGR through 2034?
The market scale of B2C mobility sharing has seen an enormous expansion in the last few years. The projected growth from $54 billion in 2024 to $66.88 billion in 2025, represents a compound annual growth rate (CAGR) of 23.8%. This significant growth during the historic period could be linked to factors such as urbanization and population density, escalating traffic problems, environmental issues, widespread use of smartphones, evolving consumer tastes, government backing and regulations, and potential cost savings for customers.

The market size of B2C mobility sharing is anticipated to experience a significant increase in the forthcoming years, potentially reaching $152.26 billion in 2029 with a compound annual growth rate of 22.8%. This predicted growth during the forecast period can be linked to a series of factors including innovative pricing strategies, personalised services along with customer loyalty schemes, objectives related to minimising climate change effects, a commitment to comprehensive accessibility, and the advent of fresh business models rooted in data-driven decision-making. The projected period will witness essential trends such as the proliferation of micro-mobility services, a fusion of various mobility modes, the adoption of contactless payments and digital wallets, synchronization with public transportation, and breakthroughs in accessibility.

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What are the emerging trends shaping the future of the b2c mobility sharing market?
The key trend emerging in the B2C mobility sharing market is technological innovation. Prominent companies within the market are concentrating on the creation of electric two- and three-wheelers to maintain their market standing. For example, KINETIC GREEN ENERGY AND POWER SOLUTIONS LIMITED, a firm based in India that specializes in electric vehicles and renewable energy solutions, rolled out eLuna in September 2022. This cutting-edge vehicle is custom-built to satisfy the increasing need for eco-friendly urban mobility. It offers a fusion of aesthetics, efficacy, and state-of-the-art technology. The eLuna is characterized by its light build and a robust lithium-ion battery, ensuring remarkable range and efficiency on urban roads.

Which growth-oriented segments of the b2c mobility sharing market are leading the industry's development?
The B2C mobility sharing market size has grown exponentially in recent years. It will grow from $54 billion in 2024 to $66.88 billion in 2025 at a compound annual growth rate (CAGR) of 23.8%. 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.

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What regions are leading the charge in the b2c mobility sharing market?
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.

What companies are at the forefront of innovation in the b2c mobility sharing market?
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

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What Is Covered In The B2C Mobility Sharing Global Market Report?

• Market Size Forecast: Examine the b2c mobility sharing market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the b2c mobility sharing market for a structured understanding.
• Key Players Overview: Analyze major players in the b2c mobility sharing market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the b2c mobility sharing market.
• Segment Contributions: Evaluate how different segments drive overall growth in the b2c mobility sharing market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the b2c mobility sharing market.
• Industry Challenges: Identify potential risks and obstacles affecting the b2c mobility sharing market.
• Competitive Landscape: Review strategic developments in the b2c mobility sharing market, including expansions, agreements, and new product launches.

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