Car Sharing Market Research Report, Industry Trends, Share, Size, Demand and Future Scope

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 According to the IMARC Group, "Carsharing" refers to a car rental service where individuals hire cars for a shorter period of time. It supports community transit, improves urban land use and development, decreases personal car ownership, helps in achieving environmental goals, and provides affordable access to vehicles. At present, the rising need for affordable and convenient mobility services, coupled with several technological advancements that facilitate simplified access to shared mobility platforms, are positively influencing the demand for car sharing.

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The growing environmental concerns towards rising air pollution levels due to expanding vehicle fleet are augmenting the market for car sharing. The governments across several nations are undertaking numerous initiatives for promoting the benefits of car sharing pertaining to cost-effectiveness and reduction of carbon emissions, thereby propelling the market growth. Apart from this, the growing prevalence of peer-to-peer (P2P) lending services, which allow private car owners to rent their cars, is also augmenting the global market. Furthermore, various organizations are utilizing corporate car-sharing services as they enable employees to be punctual, lessen the fleet management costs of the company, and minimize the requirement for large parking spaces. Moreover, the increasing penetration of the Internet-of-Things (IoT)-based devices, along with the growing number of software-based mobile applications for ride-sharing will continue to drive the market growth in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global car sharing market report, along with forecasts for growth at the global, regional and country-level from 2020-2025. Our report has categorized the market based on region, car type, business model and application.

Explore full report with table of contents: https://www.imarcgroup.com/car-sharing-market

Breakup by Car Type:

  • Economy
  • Executive
  • Luxury
  • Others

Breakup by Business Model:

  • P2P
  • Station Based
  • Free-Floating

Breakup by Application:

  • Business
  • Private

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Autolib (Bollore), Cambio Mobilitätsservice GmbH & Co. KG, Car2Go Ltd., CarShare Australia Pty. Ltd., Cityhop Ltd., Communauto Inc., DriveNow GmbH & Co. KG (BMW AG), Ekar FZ LLC, Getaround Inc., HOURCAR, Locomute (Pty.) Ltd., Lyft Inc., Mobility Cooperative, Modo Co-operative, Turo Inc. (ICA) and Zipcar Inc. (Avis Budget Group).

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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