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Asia Pacific Car Sharing Market Growth Predicted at 31% through 2024

Author : Ronak Bora | Published Date : 2020-11-20 
 

The research document drafted on Asia Pacific Car Sharing Market provides an in-depth analysis on this industry with accurate details pertaining to its overall foothold in the global landscape and its application across major end-user industries and sectors.

Asia Pacific car sharing market, as per the given report, recorded a valuation of USD 314.7 Million in 2017, and is likely to exceed USD 2 billion by 2024, exhibiting a growth rate of 31.5%. The report also envelops crucial information on the current market scenario, emerging technologies, expansive competitive landscape, industry strategies, future growth predictions, and market segmentations.

Request for a sample of this report @ https://www.graphicalresearch.com/request/1001/sample

It also offers an idea about vivid factors that would potentially drive the expansion of this industry over the stipulated time period, along with providing details of the ongoing trends that the ++ industry is characterized by. The Asia Pacific car sharing market has aptly been divided on basis of model, business model, application, regional, and competitive landscape.

One-way car sharing market is expected to witness a significant growth due to the high degree of flexibility offered by these services. These services are being availed by the customers who need to run daily errands such as grocery shopping. Furthermore, the customers are using these services in integration with the public transit systems. This has encouraged the governments to establish collaborations with the car sharing companies to develop services integrated with the public transit systems.

According to the analysis, the APAC car sharing market is diversified into China, Japan, South Korea, India, Taiwan, Malaysia, Singapore, Australia and its analysis has been briefly addressed in the document. The report incorporates a study on various parameters contributing towards the growth of regional markets, along with the ongoing growth opportunities prevalent in every region, their growth rates over the projected timeframe, technologies used, regulatory reforms, and individual market share.

P2P car sharing market will propel over the forecast timespan due to a high degree of private vehicle ownership in the region. Considering the potential of the industry, several companies are investing in developing these services in the Asia Pacific region, particularly in countries including Malaysia, Singapore, and Taiwan. For instance, iCarsclub, a Singapore-based P2P car sharing company has raised USD 10 million to expand their service offerings.

The car sharing market in Asia Pacific is highly concentrated and claims presence of vivid companies including Zipcar, Car2Go, BleuSG, Car Club, WhizzCar, Tribecar, and Smove. The research report lays emphasis on the sales spectrum of each of these companies, their strategies to maintain the foothold in the market, individual company profiles and market share, and position in the global ecosystem.

[TOC Chapters]

Chapter 4.APAC Car Sharing Market Size, by Business Model, 2013 - 2024

  • Roundtrip
  • One way

Chapter 5.APAC Car Sharing Market Size, by Model, 2013 - 2024

  • P2P
  • Station-based
  • Free-floating

Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1001/asia-pacific-car-sharing-market

Other Reports:

Europe Energy Management System Market

Asia Pacific Automotive Composites Market

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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