The B2C Mobility Sharing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s B2C Mobility Sharing Global Market Report 2024, 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.
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.
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The b2c mobility sharing market 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)
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.
The b2c mobility sharing market report table of contents includes:
1. Executive Summary
2. B2C Mobility Sharing Market Characteristics
3. B2C Mobility Sharing Market Trends And Strategies
4. B2C Mobility Sharing Market – Macro Economic Scenario
5. Global B2C Mobility Sharing Market Size and Growth
…..
31. Global B2C Mobility Sharing Market Competitive Benchmarking
32. Global B2C Mobility Sharing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The B2C Mobility Sharing Market
34. B2C Mobility Sharing Market Future Outlook and Potential Analysis
35. Appendix
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