The Car Sharing Market Set to Reach $2.4 Bn in 2019

Tuesday 12 February 2019, Amsterdam

The key player has launched a new automotive report, now available on ASDReports, Car Sharing Market Report 2019-2029.

Several forms of carsharing currently exist; in some cases, a single carsharing operator delivers more than one type of carsharing service model. Understanding the distinctions between different types of carsharing services is important because there is great variability in the customer experience, typical use cases, and in the wider consequences. Definitions are similar to those used by the European Automobile Manufacturers Associations (ACEA).

The report analyst commented "the car sharing market is expected to witness a high growth on account of increased current and emerging applications, increased technological advancement, rising government initiatives towards environmental goals. The current economy is radically changing, set off by the developments in the emerging markets, high speed of innovation, sustainability concerns and changing consumer mentality about vehicle ownership. Increasing automation, digitization and rise of new business models have transformed other industries, and the automotive industry will be no exception. These factors stimulate the growth of the disruptive trends like autonomous driving, connectivity, shared mobility and electrification."

The report provide global regional, national and submarket forecasts by model (Peer-To-Peer (P2P), Point-To-Point Free-Floating, Point-To-Point Station Based) by business model (Round Trip, One-Way) and by application (Business, Private).

Leading companies featured in the report who are leaders in Car Sharing technology include DriveNow GmbH & Co. KG, ORIX Corporation, Lyft, Inc., Zipcar, Inc, Modo Co-operative, Getaround, Inc, The Hertz Corporation, Cambio CarSharing, car2go NA, LLC, GoGet Carshare, Uber Technologies, Inc. and Cityhop