Carsharing Market Outlook, Industry Development, Growth, and Demand Forecast, 2014–2025

1. Carsharing Market by Car, Fuel Type, Business Model, Region Outlook, Size, Share, Development, Growth, and Demand Forecast, 2014–2025

2. Carsharing market is projected to reach $10,846.9 million by 2025, advancing at a CAGR of 11.0% during the forecast period, according to P&S Intelligence. Favorable government regulations for carsharing services, growing concerns over environmental emissions, increasing demand for more convenient and cost-effective mobility solutions, and advancements in technology are the key factors driving the growth of the market. Besides, the high upfront and maintenance costs associated with personal cars are encouraging people to switch to shared mobility services. Since owning a car demands a high investment in terms of vehicle cost, fuel cost, parking and maintenance charges, and insurance cost, people are increasingly adopting carsharing services that provide them the flexibility to rent a car, without having the need to own one. The users can make the payment on the basis of the time and distance travelled by them. Besides, additional expenses, such as costs related to fuel, maintenance, insurance, and parking, are borne by the service providers in the carsharing market.

3. Introduction of mobility as a service observed as a key trend in the market The evolution of MaaS is a key trend observed in the carsharing market, driven by the shift from the personal ownership of vehicles to shared mobility solutions, including carsharing. The service provides a gateway to help manage trips and offer mobility solutions on the basis of the traveling needs of the end users. MaaS depends on a digital platform that integrates online booking, payment services, end-to-end trip planning, electronic ticketing, and other additional services across all public and private modes of transportation. APAC standing as the largest market for carsharing services globally APAC is expected to continue holding the largest share in the global carsharing market, with an estimated revenue of over 40% in 2018. Of all countries around the world, China continues to remain the largest market for carsharing services. In 2017, several cities across China increased the usage of electric vehicles across carsharing platforms to promote greener environment. With continuous support from the government in the form of policies and incentives, the market in China is expected to demonstrate robust growth in the future as well.

4. The research offers market size of the global carsharing for the period 2014–2025. The market size breakdown is as follows. CARSHARING MARKET SEGMENTATION Market Segmentation by Car Economy Executive Luxury Market Segmentation by Fuel Type Electric Fuel-Based Market Segmentation by Business Model Peer-to-Peer (P2P) Round-Trip One-Way Market Segmentation by Application Business Private

5. Competitive landscape of the market Some of the major players operating in the carsharing market are Car2Go Ltd., cambioMobilitätsservice GmbH & Co. KG, Cityhop Ltd., Communautoinc., DriveNow GmbH & Co. KG, Getaround Inc., CarShare Australia Pty. Ltd., Ekar FZ LLC, HOURCAR, Locomute (Pty.) Ltd., Peg City Car Co-op Ltd., Turo Inc., ORIX Auto Corporation, Mobility Cooperative, Modo Cooperative, Lyft Inc., Hertz Global Holdings Inc., and Zipcar Inc. Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/car-sharing-market/report-sample

6. THANK YOU! For queries, kindly write to: enquiry@psmarketresearch.com GET IN TOUCH www.psmarketresearch.com B-13, Sector-2, Noida, U.P.-201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 US/Canada Toll-Free: 1-888-778-7886