Sunday, 11 June 2017

Carsharing Market share to grow 34.8% CAGR from 2016 to 2024

Carsharing industry analysis is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more.

General Motors partnering with Uber in 2016, is an instance of industry giants collaborating to stimulate global car sharing market size. Shifting trends toward shared mobility coupled with heavy R&D investments by core companies across the globe is also likely to propel car sharing market value over the coming seven years.

Rising adoption of smartphones and tablets helps consumers to book vehicles with the assistance of mobile based software in a very effective manner. This, in turn, will influence car sharing market share noticeably. Supportive initiatives from various worldwide organizations to promote mobility services is also predicted to drive car sharing industry size.

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The prominent applications of car sharing market are private and business. The private application segment will generate considerable revenue over the coming seven years. The attributing factor towards the industry growth is increasing demand for on-time availability and reliability. Business applications will also be another lucrative segment over the years to come, owing to the growing preference for transportation across the various corporate sectors.

The one way and round trip are the two main business models of car sharing industry. One way trip business model will record considerable growth rate over the period of 2016 to 2024, primarily driven by its increasing requirement, owing to the flexibility offered by the one-way trip to the customer. Round trip business model proves to be highly cost-effective for long journeys, as to-and-fro charges depend on the distance travelled. Driven by this factor as well as other economic benefits, this model has witnessed high adoption, which will fuel round trip business model market over 2016-2024.

China car sharing industry will exhibit lucrative annual growth rate of 40% over the coming seven years. The growth can be attributed to its surging requirement across the private and commercial application. The emergence of various automotive companies across this region will generate eye-catching revenue in car sharing market over the coming years of 2016 to 2024. In addition, many of the automotive giants and vendors are investing heavily in the Chinese industry, which will favorably influence the regional growth.

U.S. car sharing market contributed majorly toward North America car sharing industry in 2015 and is anticipated to record significant growth rate over the coming timeframe, owing to supportive initiatives from organizations such as the Department of Transportation.

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Novel technological innovations and price reduction will be the growth tactics implemented by major market participants to achieve the top position in such a fragmented industry. The key participants operating in this market are Car2go, Autolib, Uber, DriveNow, Lyft, Hertz Corporation, Zipcar, RelayRides (Turo), Getaround, GoGet, WhipCar, Mobility Carsharing, and Zoomcar.

The increasing efforts taken by the various OEMs and car rental companies to expand their business space across the globe will also impact car sharing industry growth considerably over the coming seven years.

Report Content

Chapter 1   Methodology & Scope
1.1   Research Methodology
1.1.1   Initial data exploration
1.1.2   Statistical model and forecast
1.1.3   Industry insights & validation
1.1.4   Scope, definitions & research assumptions
1.2   Data Sources
1.2.1   Secondary
1.2.2   Primary
Chapter 2   Executive Summary
2.1   Car sharing industry 3600 synopsis, 2013 – 2024
2.1.1   Business trends
2.1.2   Regional trends
2.1.3   Business model trends
2.1.4   Application trends
Chapter 3   Car Sharing Industry Insights
3.1   Industry segmentation
3.2   Industry size and forecast, 2013 - 2024
3.3   Industry ecosystem analysis
3.3.1   Vendor matrix
3.4   Technology & innovation landscape
3.4.1   Radio Frequency (RF)
3.4.2   GPS based navigation
3.4.3   Autonomous vehicles
3.4.4   Electric vehicles    Battery electric car, stock by country, 2012-2015    Plug-in hybrid electric cars, stock by country, 2012-2015
3.5   Regulatory landscape
3.5.1   Vehicle Excise and Registration Act 1994 (Section 29)
3.5.2   Environment Protection Agency Regulation
3.5.3   Regulation for Greenhouse Gas Emission from Passenger cars and Trucks
3.5.4   Road Traffic Act 1988
3.6   Industry impact forces
3.6.1   Growth drivers    Stringent government regulations    Penetration of advanced technology    Escalating adoption of in-vehicle connectivity     Rising need for mobility on-demand     Reduction in traveling/commuting cost
3.6.2   Industry pitfalls and challenges    Inadequate transportation infrastructure    Fierce competition from similar transport models    Lack of flexibility
3.7   Car sharing business model

This latest Car Sharing Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Car Sharing industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Reasons to Buy This Report

·         Global Car Sharing Market size & forecast by product & application.

·         Growth drivers, pitfalls & industry challenges.  

·         Key Car Sharing Market growth opportunities & emerging business models.

·         Competitive benchmarking with market share analysis and company profiles.

About Global Market Insights

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