Car Sharing

Global Car sharing Market is valued at USD 5429.5 Million in 2018 and expected to reach USD 10480.1 Million by 2025 with the CAGR of 9.85% over the forecast period. The environmental benefits due to traffic jamming are attracting customers to car sharing services which drives the market growth.
Scope of Car sharing Market Report:
Car sharing stands in developing class of “mobility deals”.  Car sharing is no diverse in the case of transportation services. This service is getting popular among the consumer who uses public transport for everyday travel, passenger cars for shopping, faster journey to locations less accessible by public transit. Car sharing provides a comfort, flexibility and aversion to long-term commitments mean that consumer do not need (or want) their own car. These services includes the membership and plans for anyone who needs a vehicle but does not want to own one. It is an alternative option if user live in the city, or if user do not need to drive long distances on a daily basis, and want to cut down on transportation costs.

Global car sharing market is segmented in business model, model application and region & country level. On the basis of business model, the market is segmented into round trip and one-way.  By model, the market is segmented into p2p, station-based and free-floating. By application, the market is segmented into business and private.

The regions covered in this Car Sharing Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Car Sharing is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Key Players for Global Car Sharing Market Report–  Some major key players for global Car sharing market are Car2Go Ltd., Cambio Mobilitätsservice GmbH & Co. KG, Cityhop Ltd., Communautoinc., DriveNow GmbH & Co. KG, Getaround Inc., CarShare Australia Pty. Ltd., Ekar FZ LLC, HOURCAR, Locomute (Pty.) Ltd., Zipcar Inc., Peg City Car Co-op Ltd., Turo Inc., ORIX Auto Corporation, Mobility Cooperative, Modo Cooperative, Lyft Inc., Hertz Global Holdings Inc., and others.

Global Car Sharing Market Dynamics – Car sharing market is growing rapidly due to the benefits experienced by the consumer like fall in costs as well as the purchase of vehicles, parking, insurance, fuel, maintenance, etc. Additionally, the users are able to forget the fixed costs of ownership by accessing the vehicles on the pay-per-use basis.  Furthermore, increasing initiatives by the government because of the benefits of these models like more reduction in traffic and pollution are also supplementing the growth of global car sharing market. However, growing competition from other mobility services like ride-hailing, and car rental, may hamper restrains the market growth. In spite of that, integration of advanced technologies into the cars to provide enhanced services quality can provide the opportunity for the market growth.

Geographically, this report split global into several key Regions, revenue (Million USD) The geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Car Sharing Market. 

Key Benefits for Car Sharing Market Reports 
• Global market report covers in-depth historical and forecast analysis.
• Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global market report helps to identify opportunities in market place.
• Global market report covers extensive analysis of emerging trends and competitive landscape.

Global Car Sharing Market Segmentation:–
By Business Model:
•	Round trip
•	One-way

By Model:
•	P2P
•	Station-based
•	Free-floating

By Application:
•	Business
•	Private

By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o France
o Germany
o Russia
o Rest of Europe
• Asia-Pacific
o China
o South Korea
o India
o Japan
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa

Asia Pacific is Expected to Dominate the Global Car Sharing Market
Asia Pacific is  is expected to capture the largest market share in the global car sharing market due to government support and increasing need in various countries such as India, China And others drives the market growth. For instance according to sutp.org. In 2017 in china there are 30,000 vehicles, located mainly in Tier 1 and 2 cities. And in 2018, there are more than 40 car-sharing operators with 40,000 vehicles in China, mostly in Tier 1 and 2 cities. In Addition in that the More than 90 percent of them are Chinese players, which are supported by government like subsidies or license plate acquisition. 

Car Sharing Market Key Players:
• Car2Go Ltd.
• Cambio Mobilitätsservice GmbH & Co. KG
• Cityhop Ltd.
• Communautoinc.
• DriveNow GmbH & Co. KG
• Getaround Inc.
• CarShare Australia Pty. Ltd.
• Ekar FZ LLC
• HOURCAR
• Locomute (Pty.) Ltd.
• Others

This comprehensive report will provide:

• Enhance your strategic decision making
• Assist with your research, presentations and business plans
• Show which emerging market opportunities to focus on
• Increase your industry knowledge
• Keep you up-to-date with crucial market developments
• Allow you to develop informed growth strategies
• Build your technical insight
• Illustrate trends to exploit
• Strengthen your analysis of competitors
• Provide risk analysis, helping you avoid the pitfalls other companies could make
• Ultimately, help you to maximize profitability for your company.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
• How will each segment grow over the forecast period and how much revenue will these segment account for in 2025?
• Which region has more opportunities?

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