Showing posts with label Car Transportation. Show all posts
Showing posts with label Car Transportation. Show all posts

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
3.4.4.1    Battery electric car, stock by country, 2012-2015
3.4.4.2    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
3.6.1.1    Stringent government regulations
3.6.1.2    Penetration of advanced technology
3.6.1.3    Escalating adoption of in-vehicle connectivity
3.6.1.4     Rising need for mobility on-demand
3.6.1.5     Reduction in traveling/commuting cost
3.6.2   Industry pitfalls and challenges
3.6.2.1    Inadequate transportation infrastructure
3.6.2.2    Fierce competition from similar transport models
3.6.2.3    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

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

Connect with us: Facebook | Google+ | LinkedIn | Twitter

Friday, 7 April 2017

Car Sharing Market share to exceed $16.5bn by 2024

The technology research report “Car Sharing Market Size By Business Model (Round Trip, One Way), By Application (Business, Private), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Turkey, Russia, China, India, Japan, South Korea, Brazil, Mexico), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, by Global Market Insights, Inc. says Car Sharing Market size is set to exceed USD 16.5 billion by 2024.

Stringent government regulations associated with the emission of harmful pollutants in the environment such as the EPA National Emissions Standards for Hazardous Air Pollutants (NESHAP) are anticipated to drive the car sharing market. Various regulatory bodies from across the globe are supporting car sharing services. The German government has published a draft bill to accommodate car sharing in municipalities and cities to encourage the installation of the required infrastructure. The government sees this business model as a crucial element to make the transportation sector more environment-friendly. Additionally, it could reduce the need for owning a vehicle, particularly in urban areas.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/719

The car sharing market aims at providing a cost-effective solution for vehicle owners to enhance their mobility and the daily commute. It helps users and authorities to efficiently manage the usage of parking space, improve travel choices, increase accessibility and reduce adverse environmental impact. Vehicle ownership comprises several fixed costs such as insurance, depreciation, and maintenance that adds significantly to the total cost of ownership. However, users of shared services pay only when they use a vehicle for time/distance based services.

A considerable percentage of U.S. consumers still consider personal cars as their preferred mode of transport, although preference is lower among younger consumers. However, the popularity of the car sharing market among the younger population is growing due to rising traffic congestion and high degree of convenience. Lack of proper transportation infrastructure in countries such as China, India, Turkey, Mexico, and Brazil is posing a challenge to the carsharing market.

One way car sharing market is expected to grow significantly over the forecast period due to the reduction in user inconvenience to return the vehicle at the starting point. One-way services are more flexible for the customers; however, they present more difficulties to operators. They are difficult to manage, as the freedom given to the users creates imbalances on the fleet distribution. To address the issue, the operator can move the vehicles from areas with surplus availability to areas with high demand.

Corporate applications accounted for majority of the car sharing market size and are expected to remain dominant over the forecast timespan. Vehicle parking space is a big problem for several businesses, which can be overcome by employing these services.

 Make an inquiry for purchasing this report @  https://www.gminsights.com/inquiry-before-buying/719

U.S. car sharing market accounted for majority of the revenue in 2015 due to technology advancements. Increased funding activities from various organizations and authorities such as the Department of Transportation to promote these services is expected to propel the carsharing market demand.

Companies operating in the industry include DriveNow, Zip Car, AutoLiv, Car2go, Uber, etc. Players are concentrating on price reduction and service enhancement to improve the overall user experience. For instance, in Singapore, BlueSG operates one-way EV car sharing program. This program focuses on the flexibility and convenience of the customers so that they can return their vehicles at the destination eliminating the need to return at the original pickup location. U.S. based car sharing company, EZride, provides unique smart cards for its users to lock/unlock the doors of their vehicles.

Browse key industry insights spread across 130 pages with 52 market data tables & 13 figures & charts from this 2017 report Car Sharing Market in detail along with the table of contents:

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

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

Connect with us: Facebook | Google+ | LinkedIn | Twitter