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CarSharing industry analysis research and trends report
for 2016-2024: Global Market Insights Inc.
Carsharing industry analysis is covered in this latest research report that aims to help
those taking daily business decisions by providing market trends information,
competitive landscape scenario, forecasts and more.
General Motors partnering with Uber in 2016, is an instance of industry giants
collaborating to stimulate global car sharing market size. Shifting trends toward shared
mobility coupled with heavy R&D investments by core companies across the globe is
also likely to propel car sharing market value over the coming seven years.
Rising adoption of smartphones and tablets helps consumers to book vehicles with
the assistance of mobile based software in a very effective manner. This, in turn, will
influence car sharing market share noticeably. Supportive initiatives from various
worldwide organizations to promote mobility services is also predicted to drive car
sharing industry size.
The prominent applications of car sharing market are private and business. The private
application segment will generate considerable revenue over the coming seven years.
The attributing factor towards the industry growth is increasing demand for on-time
availability and reliability. Business applications will also be another lucrative segment
over the years to come, owing to the growing preference for transportation across the
various corporate sectors.
The one way and round trip are the two main business models of car sharing industry.
One way trip business model will record considerable growth rate over the period of
2016 to 2024, primarily driven by its increasing requirement, owing to the flexibility
offered by the one-way trip to the customer. Round trip business model proves to be
highly cost-effective for long journeys, as to-and-fro charges depend on the distance
travelled. Driven by this factor as well as other economic benefits, this model has
witnessed high adoption, which will fuel round trip business model market over 20162024.
China car sharing industry will exhibit lucrative annual growth rate of 40% over the
coming seven years. The growth can be attributed to its surging requirement across
the private and commercial application. The emergence of various automotive
companies across this region will generate eye-catching revenue in car sharing market
over the coming years of 2016 to 2024. In addition, many of the automotive giants and
vendors are investing heavily in the Chinese industry, which will favorably influence
the regional growth.
U.S. car sharing market contributed majorly toward North America car sharing industry
in 2015 and is anticipated to record significant growth rate over the coming timeframe,
owing to supportive initiatives from organizations such as the Department of
Germany Car Sharing Market Size, By Application, 2013-2024 (USD Million)
Browse key industry insights spread across 130 pages with 52 market data tables &
13 figures & charts from the report, “Car Sharing Market Size By Business Model
(Round Trip, One Way), By Application (Business, Private), Industry Analysis
Report, Regional Outlook (U.S., Canada, Germany, UK, France, Turkey, Russia,
China, India, Japan, South Korea, Brazil, Mexico), Growth Potential, Price
Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with
the table of contents:
Novel technological innovations and price reduction will be the growth tactics
implemented by major market participants to achieve the top position in such a
fragmented industry. The key participants operating in this market are Car2go, Autolib,
Uber, DriveNow, Lyft, Hertz Corporation, Zipcar, RelayRides (Turo), Getaround,
GoGet, WhipCar, Mobility Carsharing, and Zoomcar.
The increasing efforts taken by the various OEMs and car rental companies to expand
their business space across the globe will also impact car sharing industry growth
considerably over the coming seven years.
Report Content of Car Sharing Market:
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
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
Battery electric car, stock by country, 2012-2015
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
3.5.4 Road Traffic Act 1988
3.6 Industry impact forces
3.6.1 Growth drivers
Stringent government regulations
Penetration of advanced technology
Escalating adoption of in-vehicle connectivity
Rising need for mobility on-demand
Reduction in traveling/commuting cost
3.6.2 Industry pitfalls and challenges
Inadequate transportation infrastructure
Fierce competition from similar transport models
Lack of flexibility
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
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