Le Lézard
Classified in: Transportation
Subject: SVY

The Car Sharing Market in China, Forecast to 2025 - Market is Shifting from Traditional to Modern Travel, with the Penetration Enabled by Mobile Internet and Electric Powertrain Solutions


DUBLIN, Jan. 24, 2020 /PRNewswire/ -- The "Car Sharing Market in China - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

Research and Markets Logo

This study analyzes opportunities and challenges in the car sharing market in China. It examines the current market structure and business models, as well as factors that drive and restrain the market growth. It also discusses the growth opportunities and trends up to 2025.

Key Features

Key Issues Addressed

The car sharing market in China has approximately 30 active operators. These companies are operated by automotive original equipment manufacturers (OEMs), transportation companies and start-ups. The top 5 operators - EVCard (by SAIC Motor Co., Ltd.), Weigongjiao (by Geely), GoFun (by Beijing Shouqi Group Co., Ltd.), MoreFun (by BAIC Mobility Co., Ltd.) and PandAuto (by Chongqing Lifan Automobile Co., Ltd.) - accounted for 72.8% of the fleet size in 2018.

In China, the sharing economic activity has been able to achieve lower cost, lower entry barriers and lower pollution, as well as higher efficiency, higher experience and higher credibility within the industry. Transportation sharing activities, including car sharing and ride sharing, have accounted for 8.4% of the sharing economy in the country in 2018. The Chinese are also gradually shifting towards Internet applications for their transportation needs, such as reserving riding services from mobile apps, finding solutions to traffic blocks, and using real-time navigation and traffic services.

The operation charge fee per service is the main revenue generator for car sharing companies. However, the Chinese car sharing market has been undergoing restructuring since 2017. It has witnessed a few exits, such as the withdrawals of Youyouyongche, Ezzy, and Togo, and some collaborations - for instance, BMW AG has collaborated with EVCard, while Daimler Mobility Services GmbH has tied up with Zhejiang Geely Holding Group Co., Ltd. to carry out car sharing business in the country.

In line with the Chinese government's vision of increasing electric vehicle (EV) penetration and promoting green development, automotive OEMs are expected to further expand their EV sales through their subsidiaries in the car sharing industry. For instance, the car sharing market is expected to be more competitive, especially for the vertical value chain and ecosystem integration developed by automotive OEMs and transportation companies.

Key Topics Covered

1. Executive Summary

2. Research Scope, Objectives, Background, and Methodology

3. Definitions and Segmentation

4. Drivers and Restraints - Car Sharing Market

5. China Car Sharing Market Overview

6. Forecasts and Trends - Car Sharing Market in China

7. Market Share and Competitive Analysis - Car Sharing Market

8. Traditional Car Sharing Market - Profiles of Key Operators

9. Growth Opportunities Analysis

10. Conclusion

For more information about this report visit https://www.researchandmarkets.com/r/t2h3kb

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets


These press releases may also interest you

9 avr 2020
Drivers in the Farmington area looking for pre-owned SUVs should get familiar with the inventory at Automax Truck and Car Center. The Automax dealership has a large stock of Dodge SUVs, specifically the Dodge Journey and Dodge Durango. The following...

9 avr 2020
The Automax Truck and Car Center sells pre-owned vehicles in the Farmington area of New Mexico. Although the dealership is named for cars and trucks, shoppers will find SUVs as well. All the SUVs mentioned below are all-wheel drive for shoppers who...

9 avr 2020
Sky Regional Airlines, which operates regional domestic and transborder flights under the Air Canada Express banner announced today that it will participate in the Canada Emergency Wage Subsidy (CEWS) in order to return its furloughed crews and...

9 avr 2020
Chorus Aviation Inc. ("Chorus") is announcing the intention of its subsidiary, Jazz Aviation LP ("Jazz"), to adopt the Canadian Emergency Wage Subsidy ('CEWS'). Due to the COVID-19 pandemic, the Air Canada Express flying operations undertaken by Jazz...

9 avr 2020
VIA Rail Canada (VIA Rail) has been informed that an employee of its Montréal call centre has tested positive for COVID-19 today. This employee had been working at home since March 16. He came to work for a short period of time on April 3 to get a...

9 avr 2020
As part of the brand's ongoing response to the COVID-19 health crisis, Kia Motors America (KMA) today announced a total donation of $1 million to multiple non-profit partners that assist homeless youth nationwide, including Covenant House, StandUp...



News published on 24 january 2020 at 09:15 and distributed by: