Global B2C Mobility Sharing Market Will Reach USD 99 Billion by 2026: Facts & Factors

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[225+ Pages Research Report] According to the recent research report; the global B2C Mobility Sharing Market in 2020 was approximately USD 35 Billion. The market is expected to surge at a CAGR of 30% and is anticipated to surpass USD 99 Billion by 2026. Top market players in the market are Uber Technologies Inc., ANI Technologies Pvt. Ltd. (OLA), Lyft, Inc., Grab, Careem, Taxify OÜ, Beijing Xiaoju Technology Co, Ltd. (Didi Chuxing), Cabify and others.

New York, NY, May 07, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “B2C Mobility Sharing Market By Service Model (Car Sharing, Bike Sharing, Scooter Sharing, Ride-Hailing, And Others) By Vehicle Type (Cars, Two Wheelers, And Others), By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026”.

“According to the research report, the global B2C Mobility Sharing Market was estimated at USD 35 billion in 2020 and is expected to reach USD 99 Billion by 2026. The global B2C Mobility Sharing Market is expected to grow at a compound annual growth rate (CAGR) of 30% from 2020 to 2026”.

B2C Mobility Sharing Market: Key Market Insights Overview

Vehicle sharing, ride-hailing, and ride-sourcing are examples of B2C mobility sharing services that are provided directly to consumers by the service provider. The service providers own the vehicles used in this service. The amount of time or distance traveled determines the services provided. Sharing mobility is a new transportation trend that has proven to be effective in increasing average vehicle occupancy and reducing the number of vehicles needed to transport multiple passengers. The shared mobility market has a huge potential to grow over the forecast period of 2021 to 2026, owing to rapidly increasing automotive sales. Furthermore, rising connected vehicle and smartphone penetration, as well as rising on-road vehicle traffic and fuel costs, are all having an impact on the growth of the shared mobility market. Another factor driving the growth of the shared mobility market is the high per capita income as well as the rising cost of vehicle ownership, which is driving people to seek alternative transportation solutions. In Business-to-Consumer (B2C) service models, providers typically own/lease and maintain several vehicles, and users pay membership and/or usage fees to access these vehicles.

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Our Free Sample Report Includes:

  • 2020 Updated Report Introduction, Overview, and In-depth industry analysis

  • COVID-19 Pandemic Outbreak Impact Analysis Included

  • 225+ Pages Research Report (Inclusion of Updated Research)

  • Provide Chapter-wise guidance on Request

  • 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends

  • Includes Updated List of table & figures

  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis

  • Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

Key Questions Answered in this Report

1) What was the pre and post-business impact of COVID-19 on the B2C Mobility Sharing Market?

2) What is the market size, share of the B2C Mobility Sharing Market?

3) Who are the top market players in B2C Mobility Sharing Market?

4) What will be the future market of the B2C Mobility Sharing Market?

Key Offerings:

  • Market Size & Forecast by Revenue | 2020−2026

  • Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities

  • Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography

  • Competitive Landscape – Top key vendors and other prominent vendors

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B2C Mobility Sharing Market: Industry Major Market Players

  • Uber Technologies Inc.

  • ANI Technologies Pvt. Ltd. (OLA)

  • Lyft Inc.

  • Grab

  • Careem

  • Taxify OÜ

  • Beijing Xiaoju Technology Co Ltd.(Didi Chuxing)

  • Cabify

  • Europcar

  • The Hertz Corporation

  • Avis Budget Group Inc.

  • Enterprise Holdings Inc

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Market Dynamics

Increasing Urbanization and Penetration of Technology is Driving the Growth of B2C Mobility Sharing Market

Cities in Europe, North and Latin America house more than 70% of the population. The social costs of urbanization have risen, including environmental degradation, traffic congestion, and accidents, all of which are immediate and pressing issues. Technology is critical for both providing safe and sustainable transportation for millions of people sharing limited space and ensuring supply chain resilience. Residents' mobility has increased as cities have grown more densely populated. The high cost of living in cities, combined with the need for quick, flexible, and cost-effective mobility, has created an urgent need. As a result, B2C mobility sharing players meet this requirement. Traditional mobility was dominated by personal vehicles and public transportation, with only a small portion of the market available for sharing. However, with the increased use of smartphones and the emergence of platform-based businesses, the market for mobility services has changed, ushering in a new concept of Mobility as a Service (MaaS). Mobility-as-a-Service (MaaS) is an evolving concept that describes how consumers and businesses are shifting away from vehicle ownership and toward service-based transportation. In this sense, MaaS includes multi-modal transportation mode aggregation as well as on-demand mobility. This business innovation has increased the convenience of consumers and altered their choices, as an increasing number of consumers prefer not to own vehicles. This trend has also compelled global finance to invest in the market opportunity of B2C shared mobility business, resulting in the emergence of numerous market players catering to consumer needs. Governments all over the world are pledging to support the sharing infrastructure. Helsinki, Finland, is an example of a city that is at the vanguard of the transition to shared mobility. By 2025, Helsinki has set an ambitious goal of replacing private vehicles with shared mobility, integrating all shared and public transportation into a single linked network with easy payment via digital platforms. Many cities around the world lack adequate public transportation infrastructure and services, which limits their use. In addition, cities lack non-motorized transportation infrastructure, which may limit the adoption of bike/cycle sharing schemes.

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Global B2C Mobility Sharing Market: Segmentation

The global B2C Mobility Sharing market is segmented on the service model as car sharing, bike sharing, scooter sharing, ride-hailing, and others. By Vehicle Type, the market is divided into cars, two-wheelers, and others. Car sharing service is likely to grow tremendously as a result of an increase in daily commuters traveling to work, the increase in family outings, and the increase in the number of people traveling to restaurants and bars are all fuelling global demand for passenger cars. As most ride-sharing occurs when traveling long or moderate distances, thus more occurrences of car-sharing services are likely to grow in the forecast period.

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APAC is projected To Dominate the Global B2C Mobility Sharing Market

APAC is also experiencing tremendous growth potential for shared mobility as a result of the region's high economic growth, rising population standards of living, and increasing urbanization. India's demand for mobility is growing in response to rising GDP, rapid urbanization, and urban sprawl. Between now and 2030, India's passenger kilometer traveled (PKT) is expected to nearly 14 times increase, rising from 1400 billion passenger kilometers (BPKM) to 18,750 BPKM. While India is expected to be a global leader in shared mobility, several obstacles must be overcome before solutions and services can be promoted. Infrastructure and services, policy and regulatory, behavioral, and data are the four major barriers to increasing shared mobility in India. There are five regions in the global B2C mobility sharing market. Ride-hailing services are becoming increasingly popular around the world, owing to their effectiveness in reducing the number of vehicles on the road, resulting in less pollution and traffic congestion. Several countries in North America and Europe are experiencing significant traffic congestion, which results in significant greenhouse gas emissions, leading to an increase in global temperature. As a result, governing bodies are emphasizing shared mobility services, particularly ride-sharing services, which have been shown to reduce pollution.

Browse the full “B2C Mobility Sharing Market, By Service Model (Car Sharing, Bike Sharing, Scooter Sharing, Ride-Hailing, And Others) By Vehicle Type (Cars, Two Wheelers, And Others), By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” report at https://www.fnfresearch.com/b2c-mobility-sharing-market

Impact Analysis of COVID-19 Pandemic on Businesses: Know Short Term and Long Term Impact

Most of the businesses are facing a growing litany of business-critical concerns related to the coronavirus outbreak, including supply chain disruptions, a risk of a recession, and a potential drop in consumer spending. All these scenarios will play out differently across various regions and industries, making accurate and timely market research more essential than ever.

We at Facts and Factors (http://www.fnfresearch.com) understand how difficult it is for you to plan, strategize, or make business decisions, and as such, we have your back to support you in these uncertain times with our research insights. Our team of consultants, analysts, and experts has developed an analytical model tool for markets that helps us to assess the impact of the virus more effectively on the industrial markets. We are further implementing these insights into our reports for a better understanding of our clients.

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The Global B2C Mobility Sharing market is segmented as follows:

By Service Model:

  • Car Sharing

  • Bike Sharing

  • Scooter Sharing

  • Ride-Hailing

  • Others

By Vehicle Model:

  • Cars,

  • Two Wheelers

  • Others

Frequently Asked Questions

What are the key factors driving B2C Mobility Sharing market expansion?

High penetration of software .coupled with urbanization, growth in the middle class, and requirement for swift flexible, and affordable mobility is driving the market of B2C Shared Mobility market.

What will be the value of B2C Mobility Sharing market during 2021- 2026?

According to a Facts and Factors report, global demand for hot-melt-based packaging adhesives is estimated to be around USD 35 Billion in 2020, with annual sales of approximately USD 99 Billion at the end of 2026, representing a CAGR of around 30% from 2021 to 2026.

Which region will make notable contributions towards global B2C Mobility Sharing market revenue?

North America and APAC are the major regions of the growth. However, moderate growth in the global market is anticipated.

KEY REPORT POINTERS & HIGHLIGHTS:

  • Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable

  • Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward

  • Micro, Meso, Macro, and In-Depth Analysis of Technically relevant and Commercially viable Segments and Sub-segments of the Market

  • Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data

  • Historical and Current Demand (Consumption) and Supply (Production) Scenarios as well as Projected Supply-Demand Scenario Analysis

  • Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications

  • Value Chain and Supply Chain Analysis along with Horizontal and Vertical Integration Scenarios

  • Manufacturing and Production Cost Structure Analysis including Labor Cost, Raw Material Expenses, and Other Manufacturing Expenses, wherever relevant

  • Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market

Related Reports:

B2B Mobility Sharing Market: https://www.fnfresearch.com/b2b-mobility-sharing-market

B2B2C Insurance Market: https://www.fnfresearch.com/b2b2c-insurance-market-by-type-vehicle-insurance-home

Cross-Border B2C E-Commerce Market: https://www.fnfresearch.com/cross-border-b2c-e-commerce-market-by-category-852

E-Bike Sharing Market: https://www.fnfresearch.com/e-bike-sharing-market-by-type-public-organization-1178

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