B2B Mobility Sharing Market to surpass USD 427.7 billion by 2031 from USD 235.2 billion in 2021 at a CAGR of 6.16% within the coming years, i.e., 2021-31.
Business to business, car sharing is a type of car sharing that allows commercial businesses to remove or decrease private vehicle armadas, classically maintained for business determinations. The B2B mobility sharing enables to share its mobility (car) services with other trades in order to decrease automobile parking space, a number of fleets, and contamination. Business-to-business mobility sharing allows businesses to share car services within the group among employees to lessen traffic overcrowding and discharge from vehicles.
The B2B Mobility Sharing Market is predicted to project a notable CAGR of 6.16% in 2031.
Increase in demand for ride-sharing services also with less parking space is a major feature boosting the B2B mobility sharing market. Businesses choose for car-sharing services in order to go back and forth with their employees daily and decrease the swift time and save the cost of parking space. Rise in per capita income and increase in flexibility of service providers is predicted to drive the B2B mobility sharing market during the forecast timeframe.
B2B Mobility Sharing Market: Segments
Ride-Sharing segment to grow with the highest CAGR during 2021-2031
B2B Mobility Sharing Market is segmented by Type into Car Leasing/Car Rental, Ride Sourcing, and Ride Sharing. The Ride-Sharing segment reported for the major share and this can be official to the fact that clients are choosing for more cost-effective and stylish modes of transport over personal driving likings. Additionally, clients who earlier rented a private driver for their vehicle since it was more cost-effective have moved the mainstream of their travel preferences to shared transportation.
Passenger Vehicle Segment to grow with the highest CSGR during 2021-2031
Depending on the Vehicle Type, the market is segmented into Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles, and Others. Passenger Vehicle is estimated to have a major share in the B2B Mobility Sharing market. The segment’s growth is projected to be assisted by growing internet users around the globe and the introduction of new services by ride-hailing workers.
B2B Mobility Sharing Market: Market Dynamics
The Governments of almost every country is worried about an increase in population, which leads to dangerous effects on the atmosphere. Governments boost people to confine themselves from using cars or other automotive as much as they can. Additionally, sharing rides among families, relatives and friends is one of the key ideas from the administration to inspire people to choose the shared rides instead of personal rides, which is predictable to boost the growth of the B2B Mobility Shared Market.
Rise in alarms about the environment and effective means of transportation
Consumers move to economical and deluxe measures of traveling over private driving penchant. Furthermore, customers earlier renting a private driver for their vehicle due to its cost-effectiveness have shifted most of their likings to travel through shared transportation. Consequently, these measures are anticipated to drive the global B2B Mobility Shared Market growth over the forecast timeframe.
Lack of preference in traveling with strange individuals
The market of B2B Mobility Sharing has certain restraints which can hamper the potential growth of the market such as the dearth of fondness in traveling with strangers while sharing conveyance as well as rising worries about stealing of private data, whereas the responsibility of taking a longer common path because of sharing transportation have the possible to challenge the growth of the B2B Mobility Sharing market in the above-mentioned forecast timeframe.
Effects of COVID19 in the B2B Mobility Sharing Market
Shutdown of several industries and plants due to COVID-19 has influenced the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of goods in global market. Since lockdown was levied in many countries across the globe, the movement of people was restricted. Moreover, company gave work from home to its staff where it was conceivable. These features have squeezed this market to a great level. Nevertheless, the post-pandemic, B2B market is expected to increase all over the globe.
B2B Mobility Sharing Market: Key Players
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
SKedGo Pty Ltd
Other prominent players
B2B Mobility Sharing Market: Regions
B2B Mobility Sharing Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. North America dominates the B2B Mobility Sharing Market due to stringent regulations regarding the environment. High disposable income coupled with a large number of initial adopters in the region are the main factors responsible for the high market share of North America across the globe. Europe is witnessed to be the second-largest market in the global B2B Mobility Sharing market.
B2B Mobility Sharing Market is further segmented by region into:
North America Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR-United States and Canada
Latin America Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR-Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR- United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR-India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
B2B Mobility Sharing Market report also contains analysis on:
B2B Mobility Sharing Market Segments:
Car Leasing/Car Rental
By Service Type
By Vehicle Type
Light Commercial Vehicle
Heavy Commercial Vehicle
B2B Mobility Sharing Market Dynamics
B2B Mobility Sharing Market Size
Supply & Demand
Competition & Companies Involved in the Market
Value chain of the Market
Market Drivers and Restraints
B2B Mobility Sharing Market Report Scope and Segmentation
Report Attribute Details
Market size value in 2021 USD 235.2 billion
Revenue forecast in 2031 USD 427.7 billion
Growth Rate CAGR of 6.16% from 2021 to 2031
Base year for estimation 2021
Quantitative units Revenue in USD billion and CAGR from 2021 to 2031
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Type, Service Type, Vehicle Type, and Region
Region scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)
Key companies profiled
Zipcar, Ola, DriveNow, Zoomcar, Car2go, ParkatmyHouse, Lyft, Sixt, Spinlister, Uber, Drivezy, Volercars, SKedGo Pty Ltd, Tanzer, Rapido, Jenzabar