Dublin, March 06, 2023 (GLOBE NEWSWIRE) -- The "Global Carsharing Market Size and Share Analysis by Car Type, Fuel Type, Business Model, Application - Industry Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
By 2030, it is expected that the worldwide carsharing market would be worth USD 9,957 million
To meet environmental and community transportation objectives, Carsharing is great model. According to its goal, vision, and principles, fewer people own personal cars, less driving is done, urban land usage and development are improved, and everyone has access to automobiles at a reasonable price.
Moreover, the expansion of this business on a worldwide scale has been accelerated by technical advancement. This service is built on the use of smartphone applications, where consumers and service providers connect to schedule rides and make associated payments.
The category of electric vehicles is expected to develop at the fastest CAGR. This is explained by the rising environmental conservation and electrification of vehicle programs. because they create less air pollution and greenhouse gases than vehicles powered by gasoline or diesel.
This covers the production of their materials and the electricity needed to keep them running. Additionally, it is anticipated that the market acceptance of electric automobiles would expand quickly due to their cheap maintenance costs.
Furthermore, since they don't have a tailpipe, pure electric cars don't release any carbon dioxide while they're moving. Air pollution is greatly reduced as a result. Additionally, one electric car on the road may reduce CO2 emissions by an average of 1.5 million grams.
Compared to gasoline or diesel vehicles, electric vehicles offer cheaper running expenses. Charging an electric car is less expensive than buying petrol or diesel for transportation requirements due to the comparatively cheap cost of energy. If charging is carried out using renewable energy sources that are already installed at home, the cost of power can be further decreased.
Owning a car demands a significant financial commitment, which is made up mostly of the price of the vehicle, gasoline, parking, maintenance, and insurance. Carsharing services enable consumers to borrow a car in this situation without owning a car. Along with a one-time registration fee, customers can make payments based on the distance and time they travel. Additionally, these service companies take care of other charges like those for parking, gasoline, maintenance, and insurance.
Additionally, carsharing services are quite practical for the common public, especially daily commuters, since they allow them to enjoy driving to their destinations without having to deal with the headaches of purchasing and maintaining a vehicle. Moreover, they may quickly use the service and reserve the vehicle of their choice using the company's smartphone. The app offers customers all the information and help they need to ensure a comfortable experience.
Due to the rising consumer demand for shared mobility services, rising disposable income, and increasing government worries about environmental pollutants in the region, the APAC carsharing market has shown exponential expansion in recent years and will hold a share of 46% in 2022.
Rapid urbanization and industrialization are also contributing significantly to the market's expansion. Furthermore, countries with high pollution levels include Taiwan and India. The governments in these nations are concentrating on building solid infrastructure and road networks and increasing the number of electric vehicles in the carsharing fleets to reduce pollution levels and the rate of private vehicle ownership.
Key Metrics
| Report Attribute | Details |
| No. of Pages | 160 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $6395 Million |
| Forecasted Market Value (USD) by 2030 | $9957 Million |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
Company Profiles
- Share Now GmbH
- Cityhop Ltd.
- Communauto inc.
- Getaround Inc.
- CarShare Australia Pty. Ltd.
- Ekar FZ LLC
- HOURCAR
- Turo Inc.
- Lyft Inc.
- Zipcar Inc.
- Regina Car Share Co-operative
Key Topics Covered:
Chapter 1. Research Scope
1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segment
1.5. Market Data Reporting Unit
1.6. Key Stakeholders
Chapter 2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
Chapter 3. Executive Summary
Chapter 4. Voice of Industry Experts/KOLs
Chapter 5. Market Indicators
Chapter 6. Industry Outlook
6.1. Market Dynamics
6.1.1. Trends
6.1.2. Drivers
6.1.3. Restraints/challenges
6.1.4. Impact analysis of drivers/restraints
6.2. Impact of COVID-19
6.3. Porter's Five Forces Analysis
6.3.1. Bargaining power of buyers
6.3.2. Bargaining power of suppliers
6.3.3. Threat of new entrants
6.3.4. Intensity of rivalry
6.3.5. Threat of substitutes
Chapter 7. Global Market
7.1. Overview
7.2. Market Revenue, by Car Type (2017-2030)
7.3. Market Revenue, by Fuel Type (2017-2030)
7.4. Market Revenue, by Business Model (2017-2030)
7.5. Market Revenue, by Application (2017-2030)
7.6. Market Revenue, by Region (2017-2030)
For more information about this report visit https://www.researchandmarkets.com/r/xnob68
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