Global Car-Sharing Market Growth (Status and Outlook) 2023-2029

Global Car-Sharing Market Growth (Status and Outlook) 2023-2029

Car-sharing is a membership-based, self-service system that contains a network of stations and vehicles, which is an alternative to traditional car ownership for individuals and companies. In this system, vehicles are owned by a separate firm or an organization or individuals, and are shared by users for short periods of time. Over the past three decades, car-sharing has grown from a basic service provided by popular organizations to a widely recognized Urban Transport industry. It is also quickly developing into a globalized industry providing transportation, land use, environmental, and social benefits.

LPI (LP Information)' newest research report, the “Car-Sharing Industry Forecast” looks at past sales and reviews total world Car-Sharing sales in 2022, providing a comprehensive analysis by region and market sector of projected Car-Sharing sales for 2023 through 2029. With Car-Sharing sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Car-Sharing industry.

This Insight Report provides a comprehensive analysis of the global Car-Sharing landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Car-Sharing portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Car-Sharing market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Car-Sharing and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Car-Sharing.

The global Car-Sharing market size is projected to grow from US$ 2868.2 million in 2022 to US$ 9175.2 million in 2029; it is expected to grow at a CAGR of 18.1% from 2023 to 2029.

The use of advanced technologies is creating lucrative opportunities for the car sharing market growth. Industries are actively integrating technologically-advanced systems such as vehicle access and reservation systems into their vehicles to gain prominence in the carsharing market. The vehicle access system enables keyless entry whereas the reservation system allows the users to freeze their vehicles as per their time of need. For instance, Zipcar uses a zipcard as a vehicle access technique to unlock the doors of their vehicles and Enterprise CarShare uses a mobile app for reservation system to provide a selection of cars and the duration of usage for the customers. The adoption of such technologies will fuel the car sharing market growth. The absence of proper transportation infrastructure is posing a great challenge to the car sharing market. Poor road conditions in India, Turkey, and Africa are limiting the adoption of the car sharing model. Growing traffic congestion due to lack of road infrastructure is discouraging the users to opt for cars as a mode of transport. Moreover, limited parking on the street or in public garages is restraining the adoption of station-based car sharing platform.

This report presents a comprehensive overview, market shares, and growth opportunities of Car-Sharing market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
P2P
Station-Based
Free-Floating

Segmentation by application
Business
Private

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Car2Go
Communauto
Enterprise CarShare
Liftshare.com
Zipcar
City Hop
E-Car
eHi
GoGet Car Share
Mobility CarSharing
Modo - The Car Co-op
Zoom

Please note: The report will take approximately 2 business days to prepare and deliver.