The global B2B mobility sharing market size was US$ 231.1 billion in 2021. The global B2B mobility sharing market is expected to grow to US$ 411.7 billion by 2030 by registering a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.
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Business-to-business mobility sharing allows businesses to share their mobility (car) services with other trades with the sole aim to decline the automobile parking space. It also enables businesses to share car services within the group and lessen traffic overcrowding.
Factors Influencing the Market
The rising initiatives by government bodies will primarily drive the growth of the B2B mobility sharing market during the study period. A significant increase in the global population is expected to have dangerous effects on the atmosphere. The lesser the use of the car will reduce the rate of pollution to an extent, which is expected to potentially boost the growth of the B2B mobility sharing market during the study period.
Furthermore, growing travel activities and the need for daily commutes are expected to benefit the B2B mobility sharing market during the forecast period. It is majorly due to the growing need for sharing rides among families, relatives, and friends.
Further, the pollution due to transportation is growing at an alarming rate, which will contribute to the B2B mobility sharing market growth during the analysis timeframe. Additionally, clients who previously rented a private driver for their vehicle because it was more affordable have changed most of their preferences to travel via shared transportation. Therefore, over the course of the forecast period, these actions are expected to fuel the expansion of the global B2B Mobility Shared Market.
However, the less preference for traveling with a stranger may limit the growth of the B2B mobility sharing market during the study period.
COVID-19 Impact Analysis
Due to the onset of the COVID-19 pandemic, various industries were shut down to prevent the people from the virus spread. Moreover, transportation activities were all halted as per the government-imposed restrictions. Thus, it hampered the growth of the B2B mobility sharing market. In addition, the shutdown of the manufacturing plants hampered production activities, which in turn, limited the B2B mobility sharing market. Companies also offered work-from-home to the employees, which resulted in limited commute activities. Therefore, the overall B2B mobility sharing market recorded a sharp drop in terms of revenue.
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Regional Analysis
North America held dominance in the B2B mobility sharing market, owing to the stringent regulations imposed by the governments to save the environment. High disposable income and the rising awareness about the growing pollution rate are expected to contribute to the B2B mobility sharing market during the study period.
Competitors in the Market
• Ola
• Zipcar
• DriveNow
• Zoomcar
• Car2go
• ParkatmyHouse
• Lyft
• Sixt
• Spinlister
• Uber
• Drivezy
• Volercars
• SKedGo Pty Ltd
• Tanzer
• Rapido
• Jenzabar
• Other prominent players
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Market Segmentation
The global B2B mobility sharing market segmentation focuses on Type, Service, Vehicle, and Region.
By Type
• Car Leasing/Car Rental
• Ride Sourcing,
• Ride Sharing
By Service Type
• Passenger Transportation
• Goods Transportation
By Vehicle Type
• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Others
By Regional Outlook
● North America
o The U.S.
o Canada
o Mexico
● Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
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o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
What is the goal of the report?
- The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
- During the forecast period, the report analyzes the growth rate, market size, and market valuation.
- The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
- The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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