Carsharing Market Analysis, Applications Share, Trends & Forecast, 2016 – 2024

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CarSharing Market share to grow 34.8 CAGR from
2016 to 2024 Global Market Insights Inc.
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Industry Overview

• 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 RD 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.

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• 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 2016-2024.
• 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 Transportation.

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• 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.

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Germany CarSharing Market Size, By Application,
2013-2024 (USD Million)

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