NEW YORK, May 23, 2022 /PRNewswire/ -- Polaris Market Research recently published a research report on "B2C Mobility Sharing Market Share, Size, Trends, Industry Analysis Report, By Service Model (Car Sharing, Bike Sharing, Scooter Sharing, Ride-Hailing, Others); By Vehicle; By Level of Automation; By Region; Segment Forecast, 2022 - 2030" in its research database.
According to recent research study published by Polaris Market Research, the global B2C mobility sharing (Ride) market size & share is expected to register a CAGR of 29.0% growth and industry revenue is expected to increase from USD 34.49 billion in 2021 to reach USD 282.82 billion by 2030.
What is B2C Mobility (Ride) Sharing? What is Expected Size & Share worth of B2C Mobility Sharing Market?
B2C mobility sharing services allow customers to use commercial cars to travel from one location to another. These services include vehicle sharing, ride-hailing, & ride-sourcing which are provided by the service provider directly to consumers. The vehicles utilized in this service are owned by the service-providing companies. The services provided are determined by the time or the distance for which the service is provided. Sharing mobility services is an emerging trend in the transportation industry. These are credible in increasing average vehicle occupancy and reducing the number of cars required for transporting multiple passengers.
Growing penetration of smartphones and increased on-road vehicle traffic and fuel prices are all affecting the growth of the shared mobility market. The B2C shared mobility market is expected to grow substantially over the forecast period due to the constantly expanding automotive sales. Further, the increasing use of related vehicles and smartphones, surged on-road traffic and fuel prices are all contributing to the growth of the shared mobility industry.
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What Does the Market Report Include?
Top Companies in the Global Market Are:
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B2C Mobility Sharing Market: Report Scope
Market Outlook for 2030
USD 282.82 billion
Market Size 2021 Value
USD 34.49 billion
Expected CAGR Growth
29.0% from 2022 - 2030
2022 - 2030
Top Market Players
ANI Technologies Pvt. Ltd., Avis Budget Group Inc., Beijing Xiaoju Technology Co Ltd., Bolt, Cabify, Careem, Enterprise Holdings, Europcar, Grab, Hertz, Lyft Inc., and Uber Technologies Inc.
By Service Model, By Vehicle, By Level of Automation, By Region
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Important Questions Answered by Report
B2C Shared Mobility Market: Growth Driving Factors
The global B2C mobility sharing market is driven by factors such as the growing demand for electric bus and electric battery launches, increasing technological advancements, and increased demand for alternative transportation. The lower vehicle ownership across several developing economies increased per capita income, and increased desire for traveling are all expected to fuel the growth of the market. Also, the availability of job openings, boosting urbanization, is also accelerating market growth. Further, rising demand for alternative B2C types of transportation, such as vehicle sharing and ride-hailing is anticipated to flourish the demand for B2C shared mobility services during the projection period.
Moreover, growing technological advancements in semi-automated and fully autonomous or self-driving vehicles are likely to create new opportunities for the B2C mobility sharing market over the foreseen period. in addition, increased per capita income, changing lifestyle patterns, increasing fuel prices, inability to own a vehicle, lower cost of shared mobility, and increased awareness about global temperature rise are several factors boosting the growth of the global B2C shared mobility market.
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B2C Shared Mobility Market Segmentation
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The market is primarily segmented based on the service model, vehicle, level of automation, and region.
By Service Model
By Level of Automation
Geographic Overview: B2C Shared Mobility Market
Based on geography, North America witnessed the largest global B2C mobility sharing market share in 2021 owing to the rising preference for ride-hailing services across the world. The rising demand for B2C mobility-sharing services is proven to be effective in lowering the number of vehicles on the road, thus reducing pollution and traffic congestion. Several countries in North America and Europe are experiencing major traffic congestion, causing significant emissions of greenhouse gases, which lead to a surge in temperature rise globally. Moreover, Asia Pacific is anticipated to account for a high CAGR in the global market. The growth of this region can be attributed to a huge population and consumer base, reduced automobile ownership, growing per capita income, crowded public transit due to fast urbanization, and rising per capita income.
Browse the Detail Report "B2C Mobility Sharing Market Share, Size, Trends, Industry Analysis Report, By Service Model (Car Sharing, Bike Sharing, Scooter Sharing, Ride-Hailing, Others); By Vehicle; By Level of Automation; By Region; Segment Forecast, 2022 - 2030" with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/b2c-mobility-sharing-market
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B2C Shared Mobility Market: By Service Model Outlook
B2C Shared Mobility Market: By Vehicle Outlook
B2C Shared Mobility Market: By Level of Automation Outlook
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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