The latest market report published by Constancy Researchers “Global Car Sharing Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Car Sharing Market: Overview
The global car sharing market was valued at US$ XX Million in 2020 and is estimated to grow at a CAGR of 23.9% during the forecast period. The global car sharing market is anticipated to witness tremendous growth in the years to come due to the increased stringent emission regulations along with reduction in vehicle ownership. The increased on-road traffic and limited public transportation in some countries along with the increased urbanization in emerging economies are some other key factors for the growth of the global car sharing market over the forecast period. Moreover, the increased government incentives for the adoption of car sharing services in some countries such as U.S. are some of the key opportunities for the global car sharing market over the upcoming years. Besides, the inadequacy in transportation infrastructure is one of the key factors estimated to hamper the global car sharing market growth in the years to come.
Global Car Sharing Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global car sharing market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global car sharing market, the demand for car sharing has decreased due to stringent COVID-19 regulations across the globe.
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Global Car Sharing Market: Report Highlights
- Based on the trip type, in 2020, the one-way category had a major share in the global car sharing market and is estimated to continue its dominance over the forecast period.
- On the basis of application,in the car sharing market, the corporate business category had a major share in 2020. This is ascribed to increased adoption of car sharing services by corporate worldwide.
- Based on the regional analysis, Asia Pacific is projected to grow at the highest rate during the forecast period. This is majorly due to the increased urban population along with over congestion in public transport in the region. The decreased cost of transportation due to adoption of sharing services is another key factors for the growth of the Asia Pacific car sharing market over the forecast period.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global car sharing market.
- As per the extensive research by Constancy Researchers Private Limited, the global car sharing market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Car Sharing Market
- Turo Inc.
- Car Next Door
- ShareNow
- Zipcar
- Regina Car Share Co-operative
- BlueSG
- Mobility Sharing and Corporation
- Lyft Inc.
- Commuanuto Inc.
- Getaround Inc.
- Hertz Corporation
- Ekar Fz LLC
- Others
Global Car Sharing Market: Segmentation
Constancy Researchers Private Limited has segmented the global car sharing market on the basis of model, trip type, application, vehicle class, fuel type, and regional analysis-
Global Car Sharing Market: By Model
- Peer-to-Peer Car Sharing
- Station Based Car Sharing
- Free Floating Car Sharing
Global Car Sharing Market: By Trip Type
- One-way Trip
- Round Trip
Global Car Sharing Market: By Application
- Corporate Business
- Private
Global Car Sharing Market: By Vehicle Class
- Economy Class
- Mid-range Class
- Executive Class
- Luxury Class
Global Car Sharing Market: By Fuel Type
- Battery Electric Vehicle
- Hybrid Electric Vehicle
- Internal Combustion Engine Vehicles
Global Car Sharing Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
