As per this study the Global Car Sharing Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Car sharing is a concept of owning a car for a short period time for occasional use of a vehicle. Car sharing is convenient, environmentally friendly, and carefree. Also, it is less expensive because it can be rented on the basis of hour. It can be classified into round-trip car sharing and peer-to-peer car sharing, point-to-point free-floating car sharing, point-to-point station-based car sharing.
Growing demand for cost-effective and convenient mobility systems along with the advancement in the transportation system is predominantly fueling the market growth. Increasing usage of car sharing to reduce the number of private cars on road thereby minimizing the pollution level in the environment is another prominent factor fueling the market demand. However, limited internet access across the various underdeveloped region is projected to curb market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of car sharing.
The broad car sharing market has been sub-grouped into car, fuel type, business model, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Fuel Type
By Business Model
- Peer-to-Peer (P2P)
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for car sharing in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Car Sharing Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the car sharing market includes cambio Mobilitätsservice GmbH & Co. KG, Car2Go Ltd., CarShare Australia Pty. Ltd., Cityhop Ltd., Communauto inc., DriveNow GmbH & Co. KG, Ekar FZ LLC, Getaround Inc., HOURCAR, Locomute (Pty.) Ltd., and others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.