Car-as-a-service Market 2024-2028
The car-as-a-service market is forecasted to grow by USD 743.9 bn during 2023-2028, accelerating at a CAGR of 29.72% during the forecast period. The report on the car-as-a-service market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by wide range of vehicles with single subscription packages, financial support by service providers to potential drivers, and rise in urbanization.
Technavio's car-as-a-service market is segmented as below:
- By End-user
- Corporate
- Private
- By Type
- Ride hailing
- Car rental
- Car sharing
- Car subscription
- By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increasing investment in autonomous taxi as one of the prime reasons driving the car-as-a-service market growth during the next few years. Also, emergence of mobility as a service and development of new mobility concepts will lead to sizable demand in the market.
The report on the car-as-a-service market covers the following areas:
- Car-as-a-service market sizing
- Car-as-a-service market forecast
- Car-as-a-service market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading car-as-a-service market vendors that include AB Volvo, ACE Rent A Car Reservations Inc., ANI Technologies Pvt. Ltd., Avis Budget Group Inc., Bayerische Motoren Werke AG, Cabify Espana SL, DiDi Global Inc., Enterprise Holdings Inc., Ford Motor Co., Hertz Global Holdings Inc., Hyundai Motor Co., LeasePlan Corp. NV, Lyft Inc., Mercedes Benz Group AG, Orix Corp., SIXT SE, Stellantis NV, Toyota Motor Corp., Uber Technologies Inc., and Volkswagen AG. Also, the car-as-a-service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.