Car Sharing Market

Car sharing industry trends and analysis.

Car sharing market. Frost sullivan future of car sharing market to 2025. Global market insights forecasts the value of the global car sharing market in 2024 at usd 11 billion. As of september 2012 zipcar accounted for 80 of the u s carsharing market and half of all car sharers worldwide with 730 000 members sharing 11 000 vehicles. The implementation of stringent emission regulations by governments across the globe is fueling the adoption of urban mobility solutions driving the market growth.

Look for more options to reach consumers in more cities around the world through 2028 with an increase in vehicle choice being a point of emphasis. Free floating mode allows customers to leave their cars at any designated public parking spot in a predefined area in the city after completing the journey. The free floating segment held around 35 of the market share in 2019 due to increasing demand for flexibility in car sharing services. The marketwatch news department was not involved in the creation of this content.

The car sharing market is poised to grow by 7 65 bn during 2020 2024 progressing at a cagr of 16 during the forecast period. The car sharing industry is only going to keep growing. In 2008 city carshare introduced the first wheelchair carrying car share vehicle the access mobile specifically designed as a fleet vehicle shared with non wheelchair users. The report on the car sharing market provides a holistic analysis.

Look for vans electric vehicles and luxury vehicles to begin pulling a larger share of the market. Players stakeholders and other participants in the global corporate car sharing market will be able to gain the upper hand as they use the report as a powerful resource. 2018 and 2019 is full of merges acquisitions and new players that enter the carsharing market. Car sharing market size exceeded usd 2 5 billion in 2019 and is poised to grow at a cagr of over 24 between 2020 and 2026.

In fact it seems that carsharing has gained some powerful momentum in the past 3 years. The latest carsharing industry analysis provided by uc berkley s tsrc show that in october 2016 carsharing was operational on all continents except antarctica. Aug 07 2020 market insight reports selbyville delaware global car sharing market report added at market. So our founder sandra phillips felt it was time to write an update for one of our most popular blog posts from 2018.

Tsrc estimated that there were carsharing organizations in 2 095 cities worldwide. Corporate car sharing market is segmented by type and by application. At present the leading shared mobility markets are western europe and the us while experts predict that asia will experience the fastest growth in this field.