Car Sharing Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR43387
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The car sharing market value is projected to grow by $ 21.92 bn at a CAGR of 37.46% during 2021-2025.

The car sharing market report extensively covers market segmentations by End-user (Business and Individual) and Geography (APAC, Europe, North America, South America, and MEA) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.

What will the Car Sharing Market Size be in 2021?

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Car Sharing Market: Key Drivers and Trends

According to our research output, there has been a positive impact on the market growth post COVID-19 era. Key drivers such as the stringent government regulations regarding emission control are notably supporting the car sharing market growth. However, one of the foremost factors impeding market growth is growing adoption of ride-sharing services. Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This car sharing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Car Sharing Market Vendors?

The car sharing market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The leading companies included in the report are as follows:

  • Beijing Xiaoju Technology Co. Ltd.
  • BMW AG
  • Carshare Australia Pty Ltd.
  • Cityhop
  • Communauto Inc.
  • Lyft Inc.
  • Mobility Cooperative
  • Modo Co-operative
  • Orix Corp.
  • Zipcar Inc.

The car sharing market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

For insights on complete key vendor profiles, download a free sample of the car sharing market forecast report. The profiles include information on the production, sustainability, and prospects of the leading companies. The report's vendor landscape section also provides industry risk assessment in terms of labor cost, raw material price fluctuation, and other parameters, which is crucial for effective business planning.

Which are the Key Regions for Car Sharing Market?

Car Sharing Market Share by Geography

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45% of the market’s growth will originate from APAC during the forecast period. China, US, Germany, UK, Japan, and Canada are the key markets for car sharing market in APAC.

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Increasing investments in car sharing by automobile manufacturers will facilitate the car sharing market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Car Sharing Market?

Car Sharing Market Share by End-user

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The car sharing market share growth by the __ segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the car sharing market size.

Car Sharing Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 37.46%

Market growth 2021-2025

$ 21.92 billion

Market structure

Fragmented

YoY growth (%)

41.71

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 45%

Key consumer countries

China, US, Germany, UK, Japan, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Beijing Xiaoju Technology Co. Ltd., BMW AG, Carshare Australia Pty Ltd., Cityhop, Communauto Inc., Lyft Inc., Mobility Cooperative, Modo Co-operative, Orix Corp., and Zipcar Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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What are the Key Factors Covered in this Car Sharing Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive car sharing market growth during the next five years
  • Precise estimation of the car sharing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the car sharing market across APAC, Europe, North America, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of car sharing market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Business - Market size and forecast 2020-2025
    • Individual - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Beijing Xiaoju Technology Co. Ltd.
    • BMW AG
    • Carshare Australia Pty Ltd.
    • Cityhop
    • Communauto Inc.
    • Lyft Inc.
    • Mobility Cooperative
    • Modo Co-operative
    • Orix Corp.
    • Zipcar Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    The car sharing market growth will increase by $7.65 billion during 2019-2024.
    The car sharing market is expected to grow at a CAGR of 16.02% during 2019-2024.
    Technavio has segmented the car sharing market by end user (Business and Individual) and geographic (APAC, Europe, North America, South America, and MEA).
    Beijing Xiaoju Technology Co. Ltd., BMW AG, Carshare Australia Pty Ltd., Cityhop, Communauto Inc., Lyft Inc., Mobility Cooperative, Modo Co-operative, Orix Corp., Zipcar Inc. are a few of the key vendors in the car sharing market.
    APAC will register the highest growth rate of 46.27% among the other regions. Therefore, the car sharing market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • China
    • US
    • Germany
    • UK
    • Japan
    • Canada
    The key factors driving the car sharing market growth are:
    • Stringent government regulations regarding emission control
    The car sharing market vendors should focus on grabbing business opportunities from the business segment as it accounted for the largest market share in the base year.
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