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Car Sharing Market

Car Sharing Market Size, Share & Trends Analysis Report

Car Sharing Market By Business Model(Round Trip, One-Way), By Model(P2P, Station-Based, Free-Floating), By Application(Business, Private), Industry Analysis, Trends, And Forecast, 2021-2027

Published
Report ID : BMRC 464
Number of pages : 300
Published Date : Nov 2022
Category : Technology And Media
Delivery Timeline : 48 hrs

Car Sharing Market is valued at USD 5429.5 Million in 2018 and expected to reach USD 10480.1 Million by 2025 with CAGR of 9.85% over the forecast period.

Car Sharing Market is segmented in business model, model application and region & country level. On the basis of business model, the market is segmented into round trip and one-way.  By model, the market is segmented into p2p, station-based and free-floating. By application, the market is segmented into business and private.

Market Analysis of Car Sharing-

Car sharing stands in developing class of “mobility deals”.  Car sharing is no diverse in the case of transportation services. This service is getting popular among the consumer who uses public transport for everyday travel, passenger cars for shopping, faster journey to locations less accessible by public transit. Car sharing provides a comfort, flexibility and aversion to long-term commitments mean that consumer do not need (or want) their own car. These services includes the membership and plans for anyone who needs a vehicle but does not want to own one. It is an alternative option if user live in the city, or if user do not need to drive long distances on a daily basis, and want to cut down on transportation costs.

The regions covered in this Car Sharing Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Car Sharing is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Key Players–

Some major key players for global Car sharing market are:

  • Car2Go Ltd.
  • Cambio Mobilitätsservice GmbH & Co. KG
  • Cityhop Ltd.
  • DriveNow GmbH & Co. KG
  • Getaround Inc.
  • CarShare Australia Pty. Ltd.
  • Ekar FZ LLC
  • HOURCAR
  • Locomute (Pty.) Ltd.
  • Zipcar Inc.
  • Peg City Car Co-op Ltd.
  • Turo Inc.
  • ORIX Auto Corporation
  • Mobility Cooperative
  • Modo Cooperative
  • Lyft Inc.
  • Hertz Global Holdings Inc.

Market Dynamics –

Car sharing market is growing rapidly due to the benefits experienced by the consumer like fall in costs as well as the purchase of vehicles, parking, insurance, fuel, maintenance, etc. Additionally, the users are able to forget the fixed costs of ownership by accessing the vehicles on the pay-per-use basis.  Furthermore, increasing initiatives by the government because of the benefits of these models like more reduction in traffic and pollution are also supplementing the growth of global car sharing market. However, growing competition from other mobility services like ride-hailing, and car rental, may hamper restrains the market growth. In spite of that, integration of advanced technologies into the cars to provide enhanced services quality can provide the opportunity for the market growth.

Asia Pacific is Expected to Dominate the Global Car Sharing Market

Asia Pacific is  is expected to capture the largest market share in the global car sharing market due to government support and increasing need in various countries such as India, China And others drives the market growth. For instance according to sutp.org. In 2017 in china there are 30,000 vehicles, located mainly in Tier 1 and 2 cities. And in 2018, there are more than 40 car-sharing operators with 40,000 vehicles in China, mostly in Tier 1 and 2 cities. In Addition in that the More than 90 percent of them are Chinese players, which are supported by government like subsidies or license plate acquisition.

Key Benefits for Market Report–

  • Global market report covers in depth historical and forecast analysis.
  • Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
  • Global market report helps to identify opportunities in market place.
  • Global market report covers extensive analysis of emerging trends and competitive landscape.

Market Segmentation:–

By Business Model:

  • Round trip
  • One-way

By Model:

  • P2P
  • Station-based
  • Free-floating

By Application:

  • Business
  • Private

By Regional & Country Analysis:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA

 

SUMMARY
VishalSawant
Vishal Sawant
Business Development
vishal@brandessenceresearch.com
+91 8830 254 358
Segmentation
Segments

By Business Model:

  • Round trip
  • One-way

By Model:

  • P2P
  • Station-based
  • Free-floating

By Application:

  • Business
  • Private
Country
Regions and Country

North America

  • U.S.
    U.S.
  • Canada
    Canada

Europe

  • Germany
    Germany
  • France
    France
  • U.K.
    U.K.
  • Italy
    Italy
  • Spain
    Spain
  • Sweden
    Sweden
  • Netherlands
    Netherlands
  • Turkey
    Turkey
  • Switzerland
    Switzerland
  • Belgium
    Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
    South Korea
  • Japan
    Japan
  • China
    China
  • India
    India
  • Australia
    Australia
  • Philippines
    Philippines
  • Singapore
    Singapore
  • Malaysia
    Malaysia
  • Thailand
    Thailand
  • Indonesia
    Indonesia
  • Rest of APAC

Latin America

  • Mexico
    Mexico
  • Colombia
    Colombia
  • Brazil
    Brazil
  • Argentina
    Argentina
  • Peru
    Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
    Saudi Arabia
  • UAE
    UAE
  • Egypt
    Egypt
  • South Africa
    South Africa
  • Rest of MEA
Company
Key Players
  • Car2Go Ltd.
  • Cambio Mobilitätsservice GmbH & Co. KG
  • Cityhop Ltd.
  • DriveNow GmbH & Co. KG
  • Getaround Inc.
  • CarShare Australia Pty. Ltd.
  • Ekar FZ LLC
  • HOURCAR
  • Locomute (Pty.) Ltd.
  • Zipcar Inc.
  • Peg City Car Co-op Ltd.
  • Turo Inc.
  • ORIX Auto Corporation
  • Mobility Cooperative
  • Modo Cooperative
  • Lyft Inc.
  • Hertz Global Holdings Inc.

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