Car Sharing Market Growth, Outlook Trends Analysis and Forecast 2023-2028

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IMARC Group, a leading market research company, has recently releases report titled “Car Sharing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global car sharing market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

What is the Prediction for Car Sharing Market?

Report Attributes Details
Market Size in 2022 US$ 7.0 Billion
Market Forecast in 2028 US$ 15.4 Billion
Growth rate (2023 to 2028) CAGR of 13.4%
Base Year of the Analysis 2022
Forecast Period 2023-2028

What is Car Sharing?

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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What Are the Growth Prospects and Trends in the Car Sharing Market?

The global car sharing 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.

Who Are the Key Players Operating in the Car Sharing Industry?

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).

What is Included in Market Segmentation?

The 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)

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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