Car Sharing - Global Strategic Business Report

Report
372 Pages
March 2024
Region: Global
Global Industry Analysts, Inc
ID: 5139733

The global market for Car Sharing is estimated at US$3 Billion in 2023 and is projected to reach US$9.5 Billion by 2030, growing at a CAGR of 15.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

Market Growth: Understand the significant growth trajectory of the Free Floating Car Sharing segment, which is expected to reach US$3.8 Billion by 2030 with a CAGR of 15%. The Station-Based Car Sharing segment is also set to grow at 14.2% CAGR over the next 8 years.
Regional Analysis: Gain insights into the U.S. market, estimated at $806.7 Million in 2023, and China, forecasted to grow at an impressive 20.6% CAGR to reach $2.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

Detailed Market Analysis: Access a thorough analysis of the Global Car Sharing Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Car Sharing Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

How is the Global Car Sharing Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as Autolib, Cambio Carsharing, Car2go NA, LLC, and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 79 Featured):

Autolib
Cambio Carsharing
Car2go NA, LLC
Carrotshare
Cityhop Ltd.
Communauto Inc.
DriveNow GmbH & Co. KG
ekar Carshare
Getaround
GoGet Car Share
Hourcar
Locomute (Pty) Ltd.
Lyft, Inc.
Mobility Cooperative
Modo Co-operative
Orix Corporation
Peg City Car Co-op
Regina Car Share Co-operative
The Hertz Corporation
Turn Inc.
Zipcar, Inc.

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Economic Update
Although Declining for the First Time Since the Russia-Ukraine War, Global Oil Prices Still Remains Higher Than 2019 Levels Which In Turn Will Take Inflation Longer Than Expected to Fall: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
Slower Than Anticipated Decline Makes Inflation a Stickier Than Expected Problem to Solve in 2023: Global Inflation Rates (In %) for the Years 2019 through 2024
Global Economy Slowly Limps Towards Recovery, Resiliently Navigating the War & Decades-High Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
Impact of Remote Working during Pandemic on Vehicle Utilization
Impact of COVID-19 on the Car Sharing Industry
Competitive Scenario
Car Rental Companies Lean Towards Sharing Mobility Services
Select Innovations & Advancements
Car Sharing - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Global Market Prospects & Outlook
Car Sharing Services Gain from Technological Advancements
Infrastructure Availability, Awareness Programs, and Collaboration Critical for the Success of Car Sharing Programs
Regional Analysis
Car Sharing: Transforming Urban Mobility
Comparative Analysis of Car Sharing and Car Ownership Environmental Impacts
Insourcing within the Car Sharing Sector
Recent Market Activity
Select Global Brands
Influencer Market Insights

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Falling Growth in New Car Sales Shifts OEM Focus to New Revenue Streams
Global Automobile Production in Million Units for the Period 2008-2022
Technology Innovations to Spearhead Growth in Post COVID Environment
Smartphones & Mobile Apps Widen Scope & Span of Car Sharing Business
Smartphone Penetration (as a Proportion of Total Mobile Users) by Region for the Years 2018 and 2025
Increasing Implementation of GPS & Telematics
5G to Accelerate the Role of Cloud Based Solutions for Automotive Sector
Subscription Packages: The New Marketing Approach
Peer-to-Peer Ridehailing Drives Momentum in Car Sharing Volumes
Evolution and Impact of Peer-to-Peer Car Sharing
Increasing Emissions Regulations Drive PEER-TO-PEER (P2P) Car Sharing Market
Car Sharing Attracts New Groups of Enterprises
Micromobility: A Fast Emerging ‘Muscular’ Competitor for Car Sharing
Why the Auto Industry Needs to Urgently Move Towards Green Mobility? The Answer Lies in its Carbon Footprint
With Transport Emissions Continuing to Increase At a Rate Much Faster Than GDP Growth, Pressure Builds for Charting a Roadmap for Cleaner Air: Carbon Footprint Forecasts for the Global Transport Industry (In Billion Metric Tons) for Years 2020, 2025, 2030, 2035, 20240, 2045 & 2050
EVs’s Multi-Pronged Strategic Move to De-Carbonization
"Let the Data Speak for Itself": Lifecycle GHG Emissions for Medium-Size Passenger Cars by Type (In g·CO2eq/km) As of the Year 2022
Electric Vehicles Dominate Car Sharing Fleets, Outsourcing Loses Sheen
AI Enables Inventory Optimization
Prominent Trends Painting the Urban Mobility World Green
Trends Poised to Unwind a Bright Future for Mobility
Electric Mobility Enjoys Spotlight with Expansion of Mobility-as-a-Service
Global Electric Mobility Services Market (In US$ Million) for Years 2022, 2024, 2026, 2028 & 2030
Challenges Facing the Electric Mobility Market
EV Shared Mobility to Push Up Demand for EVs Higher Than Personal Ownership
World Electric Vehicles (EV) Market: Annual Sales In Thousand Units For Years 2020 Through 2027
Why EV Car sharing is Garnering Attention?
A Peek to Select Car Sharing Initiatives in Major US Cities
Shared Mobility to Emerge as a Game Changer for EV Adoption in the Coming Decade: Global Electric Mobility Services Market (In US$ Million) for Years 2022, 2024, 2026, 2028 & 2030
Autonomous Vehicles Drive the Need for New Solutions for car sharing
World Autonomous Vehicles Sales in ‘000 Units for Years 2020, 2022. 2024 and 2026
Autonomous Vehicles Commercialization & Technology Penetration Timeline
Smart Cities Evolve as a Sustainable Way to Accommodate World’s Growing Population
With Population Bursting at its Seams, Smart Cities Emerge as the Future of Sustainable Ecofriendly Living: World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
Smart City Technologies & Applications in Smart Transportation Industry
Investment in Smart City Technology Startups a Prudent Decision amid Pandemic
Smart Mobility & Intelligent Transportation Gain Investments
Unprecedented Rise of Connected Cars as the Future of Driving to Benefit the Development of Smart Cities: Global Connected Vehicle Shipments (In Million Units) for the Years 2019, 2021 and 2023
Rapid Urbanization: A Key Factor Underlying Congested Cities
World Urban Population in Thousands: 1950-2050P
Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050
Transformative Mobility: Car-Sharing as a Catalyst for Urban Well-being
Navigating Challenges in the Car-Sharing Ecosystem

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Car Sharing Market Analysis of Annual Sales in US$ Thousand for Years 2018 through 2030
Table 2: World Recent Past, Current & Future Analysis for Car Sharing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 3: World Historic Review for Car Sharing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2021 and % CAGR
Table 4: World 12-Year Perspective for Car Sharing by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2018, 2023 & 2030
Table 5: World Recent Past, Current & Future Analysis for Free Floating by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 6: World Historic Review for Free Floating by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2021 and % CAGR
Table 7: World 12-Year Perspective for Free Floating by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2018, 2023 & 2030
Table 8: World Recent Past, Current & Future Analysis for Station-Based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 9: World Historic Review for Station-Based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2021 and % CAGR
Table 10: World 12-Year Perspective for Station-Based by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2018, 2023 & 2030
Table 11: World Recent Past, Current & Future Analysis for P2P by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 12: World Historic Review for P2P by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2021 and % CAGR
Table 13: World 12-Year Perspective for P2P by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2018, 2023 & 2030
Table 14: World Recent Past, Current & Future Analysis for Round Trip by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 15: World Historic Review for Round Trip by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2021 and % CAGR
Table 16: World 12-Year Perspective for Round Trip by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2018, 2023 & 2030
Table 17: World Recent Past, Current & Future Analysis for One Way Trip by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 18: World Historic Review for One Way Trip by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2021 and % CAGR
Table 19: World 12-Year Perspective for One Way Trip by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2018, 2023 & 2030
Table 20: World Recent Past, Current & Future Analysis for Business by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 21: World Historic Review for Business by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2021 and % CAGR
Table 22: World 12-Year Perspective for Business by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2018, 2023 & 2030
Table 23: World Recent Past, Current & Future Analysis for Private by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 24: World Historic Review for Private by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2021 and % CAGR
Table 25: World 12-Year Perspective for Private by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2018, 2023 & 2030

III. MARKET ANALYSIS

UNITED STATES

Car Sharing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
Car Sharing Ignites Interest

CANADA

Car Sharing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Canada for 2023 (E)

JAPANCHINA

EUROPE

Car Sharing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
Market Overview

FRANCEGERMANY

ITALY

Market Overview

UNITED KINGDOMSPAIN

RUSSIA

Rise of Car Sharing Services

REST OF EUROPE

ASIA-PACIFIC

Car Sharing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)

LATIN AMERICA

Car Sharing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)

REST OF WORLDIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Autolib
Cambio Carsharing
Car2go NA, LLC
Carrotshare
Cityhop Ltd.
Communauto Inc.
DriveNow GmbH & Co. KG
ekar Carshare
Getaround
GoGet Car Share
Hourcar
Locomute (Pty) Ltd.
Lyft, Inc.
Mobility Cooperative
Modo Co-operative
Orix Corporation
Peg City Car Co-op
Regina Car Share Co-operative
The Hertz Corporation
Turn Inc.
Zipcar, Inc.

Table Information

Report Attribute	Details
No. of Pages	372
Published	March 2024
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 3 Billion
Forecasted Market Value ( USD ) by 2030	$ 9.5 Billion
Compound Annual Growth Rate	15.4%
Regions Covered	Global

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Key Insights:

Why You Should Buy This Report:

Key Questions Answered:

Report Features:

Select Competitors (Total 79 Featured):

MarketGlass Platform

Table of Contents

Companies Mentioned (Partial List)

Table Information

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