B2C Mobility Sharing Global Market Report 2024

The global b2c mobility sharing market 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 expansion observed during the historical period can be attributed to several factors, including urbanization and population density, the increase in traffic congestion, growing environmental concerns, widespread smartphone penetration, evolving consumer preferences, government support and regulations, and the appeal of cost savings for consumers.

The global b2c mobility sharing market 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 anticipated growth in the forecast period can be attributed to the implementation of dynamic pricing strategies, the emphasis on personalization and customer loyalty programs, goals for climate change mitigation, a focus on inclusive accessibility, the emergence of new business models, and the adoption of data-driven decision-making. Key trends expected in the forecast period encompass the expansion of micro-mobility services, the integration of multiple mobility modes, the adoption of contactless payments and digital wallets, enhanced integration with public transit, and continuous innovations in accessibility within the mobility-sharing industry.

The expansion of connected vehicles is driving the growth of the B2C mobility sharing market. Connected vehicles, equipped with internet access and internal networks, facilitate real-time interactions between vehicles and connect to smartphones for performance monitoring. Within B2C mobility sharing, these connected vehicles continuously exchange data, enhancing security, enabling live tracking, and optimizing fleet management. For instance, as of July 2021, approximately 45% of vehicles boasted intermediate to advanced connectivity, indicating the rising influence of connected vehicles and smartphone integration, thereby propelling the B2C mobility sharing market forward.

The upward trajectory of smartphone penetration is poised to propel further growth within the B2C mobility sharing market. Smartphones, multifunctional electronic devices combining mobile phone and computer capabilities, offer convenience, cost-effectiveness, environmental advantages, and heightened accessibility, becoming indispensable tools for modern transportation needs. For example, data from March 2023 revealed that 91.43% of UK households were using smartphones in 2021, projected to rise to 93.8% by 2026. This surge in smartphone usage underscores its pivotal role in driving the expansion of the B2C mobility sharing market.

Technological advancements represent a pivotal trend gaining traction in the B2C mobility sharing market. Leading market players are intensely focused on developing sophisticated mobility-sharing platforms to solidify their market presence. For instance, in August 2021, Greencell Mobility Private Limited, an India-based electric mobility company, announced plans to deploy 3,250 electric buses within three years as part of its B2C business. The company also launched 750 premium luxury AC e-buses for intercity and inter-state transit routes in southern and western India, aiming to provide affordable, environmentally friendly on-demand shared transportation through Electric Mobility-as-a-Service (eMaaS). This initiative includes charging infrastructure and supportive products, fostering a comprehensive e-mobility value chain.

Key players within the B2C mobility sharing market are directing their focus towards innovative product offerings, exemplified by the introduction of smart pool cars, to drive market revenues. Smart pool cars encompass concepts associated with carpooling, ridesharing, or shared mobility services, leveraging advanced technology and data-driven solutions. These initiatives aim to optimize vehicle utilization, enhance transportation convenience, and reduce environmental impacts. For instance, in September 2022, Arval BNP Paribas Group, a France-based vehicle leasing and fleet management company, launched smart pool cars. These vehicles allow businesses employing traditional pool cars to integrate Arval's car-sharing solution, streamlining operations by employing keyless technology for vehicle access, simplifying daily fleet management, and broadening the accessibility of a given fleet to a larger user base.

In July 2022, Free2move, a France-based company in the B2C mobility sharing sector, executed the acquisition of Share Now GmbH for an undisclosed sum. This strategic acquisition by Free2move aims to bolster its presence across European and United States mobility hubs by capitalizing on sustainable, innovative, and adaptable mobility solutions. Share Now GmbH, a Germany-based firm operating within B2C mobility sharing, aligns with Free2move's objectives, enabling the expansion and enhancement of their mobility services in strategic markets.

Major companies operating in the b2c mobility sharing market report are 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

North America was the largest region in the B2C mobility sharing market in 2023. The regions covered in the b2c mobility sharing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the b2c mobility sharing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Key service models in the B2C mobility sharing market include car sharing, bike sharing, scooter sharing, ride-hailing, and other related services. The car-sharing segment involves the provision of B2C mobility sharing services for public car-sharing. Car sharing services entail rental and transportation services that act as alternatives to private vehicle ownership, offering automated pick-up and drop-off procedures. Various types of vehicles are part of this market, including cars, two-wheelers, and other vehicles, each with different levels of automation ranging from semi-automated to fully automated. The applications of B2C mobility sharing span short trips (5 km or less), medium and long-distance trips (5-15 km), and long-distance trips (more than 15 kilometers).

The B2C mobility sharing market report is one of a series of new reports provides B2C mobility statistics, including B2C mobility sharing global industry, regional shares, competitors with B2C mobility sharing market share, detailed B2C mobility sharing market segments, market trends and opportunities, and any further data you may need to thrive in the B2C mobility sharing market industry. This B2C mobility sharing 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.

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.

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.


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