Carsharing Market size projected to grow at a CAGR of 24% from 2016 to 2024

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Carsharing Market size projected to grow at a
CAGR of 24 from 2015 to 2024 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Carsharing Market

• Asia Pacific, primarily driven by rising air
  pollution are promoting car sharing facilities.
• China and India are projected to be major
  contributing countries due to large population
  size and economy growth.
• As per transportation sustainability research
  center in California University in 2015,
  approximately 19,100 vehicles in the U.S.
  accommodate around 995,000 members.

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Application Analysis of Carsharing Market

• These services are often complemented by websites
  to allow online reservations. These companies are
  generally located near airports or busy city
  areas.
• Transportation industry penetration in diverse
  uses owing to presence of different car modal
  such as cab on request are potential factors to
  enhance demand.
• Tourism industry expansion accompanied by rise in
  trend for public sharing transportation in order
  to promote environment sustainability are key
  reasons driving industry growth.

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Competitive Market Share of Carsharing Market

• Increase consumer spending power and high net
  worth individuals will boost the demand in Latin
  America and Middle East.
• Carsharing market share comprises RelayRides,
  Whipcar, Wheelz, Getaround, Hertz, WeCar, Zipcar,
  StattAuto, GoGet, City Car share, Philly Car
  share, I-GO Chicago, Mint, CambioCar, Tamyca,
  Autonetzer, DriveNow, OrixAuto, TimePlus, and
  CaFoRe.
• Important participants are adopting strategies
  such as driver behavior monitoring (DBM), and on
  board diagnostics (OBD) in high end luxury
  executive vehicles and smaller variants including
  hatchbacks to gain competitive advantage.

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