Global Car Subscription Market Report By Vehicle Type (IC Powered Vehicle, Electric Vehicle), By End Use (Private, Corporate) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027

ID:VMR11215116
May 2021
Report Formats:
Global Car Subscription Market Overview 
 
The key driver impacting the car subscription market is the high affordability, flexibility, and convenience associated with car subscriptions in comparison to leasing. Also, the considerable number of benefits linked with car subscriptions makes it popular among people, thus adding growth to the market. For instance, Benefits such as No EMI and Down Payment are needed, No Maintenance or Insurance Claims, Cost-saving, acts as a flexible lease alternative, and gives a chance to drive different cars for the subscriber. Moreover, stringent government regulations regarding emission control and the shortage of proper public transportation infrastructure in developing nations contribute to car subscription market demand in the coming years.
According to Value Market Research, the global car subscription market size was valued at around USD  4000 million in 2020 and is estimated to grow at a CAGR of about 22.5% during the forecast period 2021 to 2027.

The major automotive manufacturers emphasizing on vehicle subscription programs are likely to augment the demand in the forecast period. For instance, In August 2020, Porsche started a monthly Single-Vehicle Subscription (SVS) program in various U.S. cities. This includes Los Angeles, San Diego, Atlanta, and Phoenix. This program enabled the company to target new consumers across the U.S. Similarly, in 2019, Hyundai Motor India had launched a subscription model that operates in six cities of India as an element of the partnership with Revv. However, the well-established and dominant vehicle leasing, rental, and sharing may hamper the market in the long run. Also, the leasing model is cost-efficient compared to subscription schemes that are negatively impacting the market. The current industry trends, such as the development of a robust digital platform to operate the services effectively, and expansion of the dealer network to better reach or effectively provide services, are expected to offer several beneficial market opportunities to the key players.

The car subscription market is vast, with many local and global players. The car subscription market is extensive, with many regional and international players. The prominent market leaders follow several strategies to improve their market status, such as extending product portfolio, acquisitions, contracts, acquisitions, amalgamation, acquisitions, product upgrades to mount their market share across the globe. The prominent players studied in the report include Daimler AG, Drover Limited, Facedrive Inc., Fair Financial Corp., OpenRoad Auto Group, Porsche AG, Primemover Mobility Technologies Pvt Ltd., Toyota Motor Corporation, The Hertz Corporation, and Volvo Car Corporation.

Global Car Subscription Market Share
 

Know more about this report: Download free sample In this research report, the car subscription market is segmented by vehicle type, end-user and region.

Analysis by Vehicle Type:
By vehicle type, the report is categorized into IC Powered vehicles and electric vehicles. The IC Powered Vehicle segment dominates the vehicle type segment with over three-fourths share in 2020. It is due to the dominance of the existing automotive fleet of IC vehicles and service providers worldwide. Moreover, the rise in consumer demand for flexible subscription models contributes to the high IC Powered Vehicle segment growth in the forecast period.
 
Analysis by End-User:
By end-use, the report is categorized into private and corporate. The corporate segment dominates the end-use segment with more than half in the forecast period. It is due to the high usage of car subscription services in the corporate sector for the optimum durational contract period and business tours. Also, car subscription works out very well for those in transferable jobs and do not want to worry about owning/transporting a car across cities, contributing to the high demand from corporate segment growth in the forecast period. 
 
Analysis by Region:
In the regional outlook of the global car subscription market, the North America region dominates globally with a 30% market share in the forecast period. It is due to the increased popularity of vehicle subscriptions in this region. Moreover, the rise in adoption of car subscription services and shared mobility outlook contributes to tremendous market growth across North America.
 
Market Segmentation covered in the Report:
By Vehicle Type

  • IC Powered Vehicle
  • Electric Vehicle
 
By End Use
  • Private
  • Corporate

By Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa

METHODOLOGY

This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.  

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . CAR SUBSCRIPTION – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Vehicle Type
           3.7.2 By End Use
           3.7.3 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL CAR SUBSCRIPTION MARKET ANALYSIS BY VEHICLE TYPE
       6.1 Overview by Vehicle Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Vehicle Type
       6.4 IC Powered Vehicle Market by Regions
       6.6 Electric Vehicle Market by Regions
 
7 . GLOBAL CAR SUBSCRIPTION MARKET ANALYSIS BY END USE
       7.1 Overview by End Use
       7.2 Historical and Forecast Data
       7.3 Analysis by End Use
       7.4 Private Market by Regions
       7.5 Corporate Market by Regions
 
8 . GLOBAL CAR SUBSCRIPTION MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview, Historic and Forecast Data
           8.3.2. North America By Segment
           8.3.3. North America By Country
           8.3.4. United State
           8.3.5. Canada
           8.3.6. Mexico
       8.4. Europe
           8.4.1. Overview, Historic and Forecast Data
           8.4.2. Europe by Segment
           8.4.3. Europe by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7. Italy
           8.4.8. Russia
           8.4.9. Rest Of Europe
       8.5. Asia Pacific
           8.5.1. Overview, Historic and Forecast Data
           8.5.2. Asia Pacific by Segment
           8.5.3. Asia Pacific by Country
           8.5.4. China
           8.5.5. India
           8.5.6. Japan
           8.5.7. South Korea
           8.5.8. Australia
           8.5.9. Rest Of Asia Pacific
       8.6. Latin America
           8.6.1. Overview, Historic and Forecast Data
           8.6.2. Latin America by Segment
           8.6.3. Latin America by Country
           8.6.4. Brazil
           8.6.5. Argentina
           8.6.6. Peru
           8.6.7. Chile
           8.6.8. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview, Historic and Forecast Data
           8.7.2. Middle East & Africa by Segment
           8.7.3. Middle East & Africa by Country
           8.7.4. Saudi Arabia
           8.7.5. UAE
           8.7.6. Israel
           8.7.7. South Africa
           8.7.8. Rest Of Middle East And Africa
 
9 . COMPETITIVE LANDSCAPE OF THE CAR SUBSCRIPTION COMPANIES
       9.1. Car Subscription Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
 
10 . COMPANY PROFILES OF CAR SUBSCRIPTION INDUSTRY
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. Daimler AG
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Drover Limited
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. Facedrive Inc.
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. Fair Financial Corp.
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. OpenRoad Auto Group
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Porsche AG
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. Primemover Mobility Technologies Pvt Ltd.
           10.9.1. Company Overview
           10.9.2. Financials
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. Toyota Motor Corporation
           10.10.1. Company Overview
           10.10.2. Financials
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. The Hertz Corporation
           10.11.1. Company Overview
           10.11.2. Financials
           10.11.3. Products
           10.11.4. Recent Developments
       10.12. Volvo Car Corporation
           10.12.1. Company Overview
           10.12.2. Financials
           10.12.3. Products
           10.12.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Vehicle Type (USD MN)
  •  IC Powered Vehicle Market by Geography (USD MN)
  •  Electric Vehicle Market by Geography (USD MN)
  •  Analysis Market by End Use (USD MN)
  •  Private Market by Geography (USD MN)
  •  Corporate Market by Geography (USD MN)
  •  Global Car Subscription Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton

 
 LIST OF FIGURES
 

  •  Research Scope of Car Subscription Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Car Subscription Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Vehicle Type
  •  Market Attractiveness Analysis by End Use
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Vehicle Type (USD MN)
  •  IC Powered Vehicle Market by Geography (USD MN)
  •  Electric Vehicle Market by Geography (USD MN)
  •  Global Market Analysis by End Use (USD MN)
  •  Private Market by Geography (USD MN)
  •  Corporate Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis, 2020

 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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