Global Car Sharing Strategic Business Report 2024: Market to Reach $9.5 Billion by 2030 at a CAGR of 17.8%, Driven by Peer-to-Peer Ridehailing and Micromobility - ResearchAndMarkets.com
The "Car Sharing - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Car Sharing is estimated at US$3.0 Billion in 2023 and is projected to reach US$9.5 Billion by 2030, growing at a CAGR of 17.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the car sharing market is driven by several factors. The global car sharing market has thrived by leveraging the escalating costs and logistical challenges associated with car ownership, especially in densely populated urban centers. The increasing urbanization and associated challenges such as traffic congestion and parking shortages are pushing more people towards car-sharing services as a practical alternative to car ownership. Economic factors, including the high costs of purchasing, maintaining, and insuring a private vehicle, make car sharing an attractive option, especially for younger generations who prioritize experiences over ownership.
Environmental concerns and the push for sustainable urban mobility solutions are also significant drivers, as car sharing helps reduce the overall number of vehicles on the road and lowers carbon emissions. Additionally, government policies and incentives promoting shared mobility and the development of smart city initiatives are encouraging the expansion of car-sharing services.
These factors, combined with continuous technological advancements and changing consumer preferences, are propelling the robust growth of the car sharing market, making it a vital component of modern urban transportation systems.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Car Sharing Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Car Sharing Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Free Floating Car Sharing Model segment, which is expected to reach US$3.8 Billion by 2030 with a CAGR of a 17.3%. The Station-Based Car Sharing Model segment is also set to grow at 16.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $806.7 Million in 2023, and China, forecasted to grow at an impressive 23.8% CAGR to reach $2.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Avis Budget Group Inc., Cambio Mobility Service GmbH & Co. KG, Communauto Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 372 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $3 Billion |
| Forecasted Market Value (USD) by 2030 | $9.5 Billion |
| Compound Annual Growth Rate | 17.8% |
| Regions Covered | Global |
MARKET OVERVIEW
- Global Economic Update
- Impact of Remote Working during Pandemic on Vehicle Utilization
- Impact of COVID-19 on the Car Sharing Industry
- Competitive Scenario
- Car Rental Companies Lean Towards Sharing Mobility Services
- Select Innovations & Advancements
- Car Sharing - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Market Prospects & Outlook
- Car Sharing Services Gain from Technological Advancements
- Infrastructure Availability, Awareness Programs, and Collaboration Critical for the Success of Car Sharing Programs
- Regional Analysis
- Car Sharing: Transforming Urban Mobility
- Comparative Analysis of Car Sharing and Car Ownership Environmental Impacts
- Insourcing within the Car Sharing Sector
- Recent Market Activity
- Select Global Brands
- Influencer Market Insights
MARKET TRENDS & DRIVERS
- Falling Growth in New Car Sales Shifts OEM Focus to New Revenue Streams
- Global Automobile Production in Million Units for the Period 2008-2023
- Technology Innovations to Spearhead Growth
- Smartphones & Mobile Apps Widen Scope & Span of Car Sharing Business
- Smartphone Penetration (as a Proportion of Total Mobile Users) by Region for the Years 2018 and 2025
- Increasing Implementation of GPS & Telematics
- 5G to Accelerate the Role of Cloud Based Solutions for Automotive Sector
- Subscription Packages: The New Marketing Approach
- Peer-to-Peer Ridehailing Drives Momentum in Car Sharing Volumes
- Evolution and Impact of Peer-to-Peer Car Sharing
- Increasing Emissions Regulations Drive PEER-TO-PEER (P2P) Car Sharing Market
- Car Sharing Attracts New Groups of Enterprises
- Micromobility: A Fast Emerging 'Muscular' Competitor for Car Sharing
- Why the Auto Industry Needs to Urgently Move Towards Green Mobility? The Answer Lies in its Carbon Footprint
- With Transport Emissions Continuing to Increase At a Rate Much Faster Than GDP Growth, Pressure Builds for Charting a Roadmap for Cleaner Air
- EVs's Multi-Pronged Strategic Move to De-Carbonization
- Electric Vehicles Dominate Car Sharing Fleets, Outsourcing Loses Sheen
- AI Enables Inventory Optimization
- Prominent Trends Painting the Urban Mobility World Green
- Trends Poised to Unwind a Bright Future for Mobility
- Electric Mobility Enjoys Spotlight with Expansion of Mobility-as-a-Service
- Challenges Facing the Electric Mobility Market
- Why EV Car sharing is Garnering Attention?
- A Peek to Select Car Sharing Initiatives in Major US Cities
- Shared Mobility to Emerge as a Game Changer for EV Adoption in the Coming Decade
- Autonomous Vehicles Drive the Need for New Solutions for Car Sharing
- Autonomous Vehicles Commercialization & Technology Penetration Timeline
- Smart Cities Evolve as a Sustainable Way to Accommodate World's Growing Population
- With Population Bursting at its Seams, Smart Cities Emerge as the Future of Sustainable Ecofriendly Living
- Smart City Technologies & Applications in Smart Transportation Industry
- Investment in Smart City Technology Startups a Prudent Decision amid Pandemic
- Smart Mobility & Intelligent Transportation Gain Investments
- Unprecedented Rise of Connected Cars as the Future of Driving to Benefit the Development of Smart Cities
- Transformative Mobility: Car-Sharing as a Catalyst for Urban Well-being
- Navigating Challenges in the Car-Sharing Ecosystem
FOCUS ON SELECT PLAYERS (Total 79 Featured)
- Avis Budget Group Inc.
- Cambio Mobility Service GmbH & Co. KG
- Communauto Inc.
- Ekar Car Rental LLC (UAE)
- Enterprise Holdings Inc. (Enterprise Mobility)
- Getaround Inc.
- Goldbell Engineering Pte. Ltd.
- Hertz Global Holdings Inc.
- Sixt SE
- Stellantis NV
- Turo Inc.
- Share Now GmbH
- Socar Mobility Malaysia Sdn. Bhd.
- Zipcar, Inc.
- ZoomcarT Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/9r2tb1
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