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Car Sharing Market: Outlook, Opportunity and Demand Analysis, Forecast 2020 – 2026

Author : Ronak Bora | Published Date : 2020-08-19 

The car sharing market is likely to register considerable growth in the coming years owing to the demand for convenient and cost-effective mobility services. Car sharing is basically designed for a shorter duration and for relatively shorter trips as an extension of the transportation network, thereby offering a public service which is designed to improve the mobility options.

The idea is that the number of vehicles needed to meet the commute demand of a group of individuals is generally less while car sharing. Car sharing can also help society with progressively proficient vehicle use, the advantage of lessened space as the result of less vehicles being utilized, decreasing the space dedicated to transportation infrastructure, in this way being more averse to sit unused in parking garages at schools, travel stations, and working environments.

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Some major findings of the car sharing market report include:

  • Car sharing services allow the shared usage of cars between different individuals for short-distance commutes
  • Rising urbanization coupled with increasing traffic congestion on the roads across Europe, North America, and Asia Pacific is supporting the demand for car sharing services
  • Growing concerns over employee safety and security are encouraging companies to provide car sharing services to their employees, fueling the growth of the car sharing market
  • The rising adoption of electric vehicles in countries across the globe is strengthening market growth
  • Key players operating in the car sharing market are Turo, Inc., Regina Car Share Co-operative, Zipcar, Inc., Lyft, Inc., Orix Corporation, CarShare Australia, Car2Go, Autolib, Communauto Inc., Getaround, Inc., DriveNow GmbH & Co. KG, Car2Go, Carrotshare, Hour Car, and Hertz Corporation
  • To sustain in the competitive market, players are focusing on developing strategic alliances with technology providers to enhance the customer experience in car sharing services. They are offering additional benefits integrated with smart devices, such as voice assistants, to expand their customer base.

Based on application, the market is classified into private and business. The business application segment is likely to witness growth due to growing inclination of youth towards shared mobility services.

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From a regional frame of reference, the North America car sharing market share was more than 15% in 2019 due to growing number of car sharing service providers. The regional segment is likely to witness tremendous growth in forthcoming years.

Table of Contents (ToC) of the report:

Chapter 4.   Car Sharing Market, By Business Model

4.1.  Key trends by business model

4.2.  Round trip

4.2.1. Market estimates and forecast, 2015 – 2026

4.3.  One way

4.3.1. Market estimates and forecast, 2015 – 2026

Chapter 5.   Car Sharing Market, By Model

5.1.  Key trends by model

5.2.  P2P

5.2.1. Market estimates and forecast, 2015 – 2026

5.3.  Station-based

5.3.1. Market estimates and forecast, 2015 – 2026

5.4.  Free-floating

5.4.1. Market estimates and forecast, 2015 – 2026

Chapter 6.   Car Sharing market, By Application

6.1.  Key trends by application

6.2.  Business

6.2.1. Market estimates and forecast, 2015 – 2026

6.3.  Private

6.3.1. Market estimates and forecast, 2015 – 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/carsharing-market

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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