Car Sharing Market Size To Hit US$ 15.4 Billion by 2028, With a Growth Rate (CAGR) Of 13.4% - Exclusive Report by IMARC Group
The global car sharing market size reached US$ 7.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.4 Billion by 2028, exhibiting a growth rate (CAGR) of 13.4% during 2023-2028.

The latest report by IMARC Group, titled “Car Sharing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the market. the report also includes competitor and regional analysis, and contemporary advancements in the market.

Car Sharing Market Size and Growth Rate Forecast:

The global car sharing market size reached US$ 7.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.4 Billion by 2028, exhibiting a growth rate (CAGR) of 13.4% during 2023-2028.

Year considered to estimate the market size:

Base year of the analysis: 2022

Historical period: 2017-2022

Forecast period: 2023-2028

Industry Definition and Application:

Car sharing is a revolutionary way of transportation, providing a membership-based service to eligible drivers in the community. This innovative form of short-term car rental enables individuals to rent vehicles for a limited time, usually by the hour, and experience the benefits of convenient and cost-effective mobility. It helps enhance community transit options, reduce dependence on personal car ownership, and improve urban land usage and development. Additionally, car sharing minimizes the total distance traveled by a vehicle, providing affordable access to transportation for everyone.

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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Car Sharing Market Growth Factors:

The global carsharing market is primarily driven by a shift in consumer preferences towards environmentally friendly mobility solutions and increasing environmental awareness. Additionally, governments of various countries are undertaking several initiatives to reduce emissions and personal car ownership, which, in turn, is propelling the market growth. Furthermore, several organizations are increasingly adopting corporate car sharing to reduce fleet management costs, enabling employees to stay on schedule and reducing the need for large parking spaces, thus boosting the market growth. Moreover, the rising demand for peer-to-peer lending services and growing consumer per capita income are contributing to the market growth. Other factors, such as the escalating demand for convenient and budget-friendly mobility solutions and rapid technological advancements, are positively supporting the market growth.

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players:

  • Autolib (Bollore)
  • Cambio Mobilitätsservice GmbH & Co. KG
  • Car2Go Ltd.
  • CarShare Australia Pty. Ltd.
  • Cityhop Ltd.
  • Communauto Inc.
  • DriveNow GmbH & Co. KG (BMW AG)
  • Ekar FZ LLC
  • Getaround Inc.
  • HOURCAR
  • Locomute (Pty.) Ltd.
  • Lyft Inc.
  • Mobility Cooperative
  • Modo Co-operative
  • Turo Inc. (ICA)
  • Zipcar Inc. (Avis Budget Group).

 

Key Market Segmentation:

The car sharing market report has categorized the market based on car type, business model, application and region.

Breakup by Car Type:

  • Economy
  • Executive
  • Luxury
  • Others

 

Breakup by Business Model:

  • P2P
  • Station Based
  • Free-Floating

 

Breakup by Application:

  • Business
  • Private

 

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

 

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Key highlights of the report:                                                    

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

 

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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