Car Sharing Market to cross $16.5bn by 2024

The Car Sharing Market trends are analyzed from recent past with an eye on coming years in this report that also offers projections for Car Sharing industry targeted at helping in business decisions.

In the light of the recent paradigm shift in the automotive sector, car sharing market is widening its horizon in sync with the latest automobility trend. The industry aims at providing a cost-effective solution to the vehicle owners to upgrade their mobility and daily commute. Efficient usage of parking space, better accessibility, improved travel choice and on top of it reduced carbon emissions are some of the attributing factors offered by these solutions. In this respect, some of the strict government regulatory bodies involved with the emission of hazardous air pollutants such as EPA, NESHAP will leave a positive impact on the overall market outlook. As per Global Market Insights Inc., “ car sharing market is slated to record a massive double digit y-o-y growth (34.8%), with a projected revenue collection of more than USD 16.5 billion by 2024.”

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Below is the in-depth analysis of the market based on business models, applications, and regions over 2016-2024:

  • One way and round trip are the basic two business models prevalent in the industry. One way car sharing industry is witnessing a huge adoption owing to its operational advantages and customer flexibility. Moreover, round trip car sharing market will also observe substantial growth trends in the coming years, attributed to the benefits associated with this business model such as less carbon dioxide emissions and cost effectiveness.
  • Car sharing industry share from business applications is anticipated to experience a significant upswing over the coming time frame. Increasing on-demand mobility among corporates is influencing its large-scale implementation in the global business space. Vehicle parking space which is a major problem faced by several leading corporate firms, can also be addressed by the incorporation of car sharing services in the business world. Corporate applications which held a major portion of industry share is past years, is forecast to continue its prominence in the application landscape. Driven by on time availability and dependability, car sharing market from private application will also grow substantially in the years ahead.
  • The growth trajectory of China market is tremendous. As per estimates, China car sharing market is slated to grow staggeringly at an annual rate of 40% over 2016-2024. Presence of a large number of established market players such as Park24 and Orix Auto, as well as startups is catering the industry growth in this region. Furthermore, numerous automotive manufacturers and vendors are investing in Chinese companies, which in a way is influencing the regional market dynamics. U.S. dominated the global car sharing industry in 2015, owing to the rapid regional technological advancements.

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Improper transportation infrastructure especially in emerging economies, including China, Turkey, Mexico is posing a great threat to car sharing market. However, the increasing popularity of the car sharing services among younger population to avoid traffic hassles will provide a lucrative roadmap for the industry over the years ahead. Some of the prominent players in car sharing industry include DriveNow, AutoLiv, Zip Car, Car2go, and Uber.

Report Content

Chapter 1   Methodology & Scope

1.1   Research Methodology

1.1.1   Initial data exploration

1.1.2   Statistical model and forecast

1.1.3   Industry insights & validation

1.1.4   Scope, definitions & research assumptions

1.2   Data Sources

1.2.1   Secondary

1.2.2   Primary

Chapter 2   Executive Summary

2.1   Car sharing industry 3600 synopsis, 2013 – 2024

2.1.1   Business trends

2.1.2   Regional trends

2.1.3   Business model trends

2.1.4   Application trends

Chapter 3   Car Sharing Industry Insights

3.1   Industry segmentation

3.2   Industry size and forecast, 2013 – 2024

3.3   Industry ecosystem analysis

3.3.1   Vendor matrix

3.4   Technology & innovation landscape

3.4.1   Radio Frequency (RF)

3.4.2   GPS based navigation

3.4.3   Autonomous vehicles

3.4.4   Electric vehicles

3.4.4.1    Battery electric car, stock by country, 2012-2015

3.4.4.2    Plug-in hybrid electric cars, stock by country, 2012-2015

3.5   Regulatory landscape

3.5.1   Vehicle Excise and Registration Act 1994 (Section 29)

3.5.2   Environment Protection Agency Regulation

3.5.3   Regulation for Greenhouse Gas Emission from Passenger cars and Trucks

3.5.4   Road Traffic Act 1988

3.6   Industry impact forces

3.6.1   Growth drivers

3.6.1.1    Stringent government regulations

3.6.1.2    Penetration of advanced technology

3.6.1.3    Escalating adoption of in-vehicle connectivity

3.6.1.4     Rising need for mobility on-demand

3.6.1.5     Reduction in traveling/commuting cost

3.6.2   Industry pitfalls and challenges

3.6.2.1    Inadequate transportation infrastructure

3.6.2.2    Fierce competition from similar transport models

3.6.2.3    Lack of flexibility

Browse key industry insights spread across 130 pages with 52 market data tables & 13 figures & charts from this report Car Sharing Market in detail along with the table of contents at:

https://www.fractovia.org/news/industry-research-report/carsharing-market

This latest Car Sharing Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Car Sharing industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Reasons to Buy This Report

  • Global Car Sharing Market size & forecast by product & application.
  • Growth drivers, pitfalls & industry challenges.
  • Key Car Sharing Market growth opportunities & emerging business models.
  • Competitive benchmarking with market share analysis and company profiles.

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